TAP Molson Coors Brewing Co

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We are one of the world's largest brewers and have a diverse portfolio of owned and partner brands including global priority brands Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, and Staropramen, regional champion brands Carling, Molson Canadian and other leading country-specific brands, as well as craft and specialty beers such as Creemore Springs, Cobra, Doom Bar, Henry's Hard and Leinenkugel's. With centuries of brewing heritage, we have been crafting high-quality, innovative products with the purpose of delighting the world's beer drinkers and with the ambition to be the first choice for our consumers and customers. Our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Molson and Coors were founded in 1786 and 1873, respectively. Our commitment to producing the highest quality beers is a key part of our heritage and remains so to this day. Our brands are designed to appeal to a wide range of consumer tastes, styles and price preferences. Our largest markets are the U.S., Canada and Europe.

Company profile

Ticker

TAP

Exchange

NYSE

CEO

Mark R. Hunter

Incorporated in

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Consumer Non-Durables > Beverages: Alcoholic

Industry (SEC)

Malt Beverages

China New Borun • Craft Brew Alliance • Anheuser-busch Inbev • Anheuser-busch Inbev ...

Former names

Coors Adolph Co

SEC CIK

0000024545

Corporate docs

Articles of Incorporation & Bylaws

IRS number

840178360

TAP stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart TAP financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	3.62B	2.8B	3.02B	3.63B
Net income	329.4M	151.4M	76M	338.3M
Diluted EPS
Net profit margin	9.10%	5.41%	2.51%	9.33%
Operating income	468.7M	222.1M	141.7M	469.7M
Net change in cash	255.8M	145.5M	-661.2M	-42.8M
Cash on hand	490.2M	234.4M	88.9M	750.1M
Cost of revenue	1.76B	1.41B	1.6B	1.71B

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	13.34B	13.47B	6.6B
Net income	1.12B	1.57B	1.59B	395.2M
Diluted EPS		6.53	9.34	2.12
Net profit margin	8.37%	11.62%	24.16%
Operating income	1.63B	1.68B	3.32B	567.2M
Net change in cash	51.1M	19.8M	-21.6M	-40.4M
Cash on hand	88.9M	37.8M	18M	39.6M
Cost of revenue	6.58B	6.24B	3B	2.13B

Financial data from company earnings reports

Financial report summary

Management Discussion

During the second quarter of 2019, we recognized net income attributable to MCBC of $329.4 million, representing a decrease of $94.7 million versus the prior year. The decrease in net income attributable to MCBC was primarily driven by lower financial volume, unrealized mark-to-market losses in the current year compared to gains on our commodity positions in the prior year, higher inflation, higher marketing expenses including increased investments behind our brands to support premiumization and innovation initiatives, and decreased general and administrative benefits versus the prior year, partially offset by favorable net pricing, the $61.3 million gain on the sale of the Montreal brewery and cost savings. Net sales of approximately $2.9 billion in the second quarter of 2019 decreased 4.4% from the prior year, driven by volume declines largely due to industry declines and unfavorable foreign currency movements, partially offset by higher net pricing in all segments and positive global mix as a result of our continued focus on premiumizing our portfolio.

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From filing 10-Q 2019 Q2