Molson Coors Brewing Co Class B
NYSE: TAP · CONSUMER DEFENSIVE · BEVERAGES - BREWERS
Updated 2026-06-05
Molson Coors Brewing Co Class B (TAP) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $833.24M | $616.04M | $411.50M | $824.20M | $749.70M | $868.10M | $983.70M | $1.17B | $1.27B | $715.90M | $1.13B | $1.87B | $2.33B | $1.90B | $1.70B | $1.57B | $1.50B | $2.08B | $1.91B | $1.78B |
| Capital expenditures | $446.38M | $428.35M | $230.50M | $124.70M | $177.90M | $235.40M | $222.30M | $293.90M | $259.50M | $275.00M | $341.80M | $599.60M | $651.70M | $593.80M | $574.80M | $522.60M | $661.40M | $671.50M | $674.10M | $716.60M |
| Depreciation | $438.35M | $345.84M | $273.40M | $187.40M | $202.30M | $217.10M | $272.70M | $320.50M | $313.00M | $314.40M | $388.40M | $812.80M | $857.50M | $859.00M | $922.00M | $786.10M | $684.80M | $682.80M | $759.40M | — |
| Stock-based comp | $22.14M | $37.39M | $55.90M | $22.80M | $27.40M | $24.70M | $14.00M | $19.50M | $23.50M | $18.40M | $29.90M | $58.30M | $42.60M | $8.50M | $24.20M | $32.10M | $33.60M | $44.90M | $43.10M | $35.00M |
| Free cash flow | $386.87M | $187.69M | $181.00M | $699.50M | $571.80M | $632.70M | $761.40M | $874.30M | $1.01B | $440.90M | $785.10M | $1.27B | $1.68B | $1.30B | $1.12B | $1.05B | $840.60M | $1.41B | $1.24B | $1.07B |
| Investing cash flow | $-294.81M | $-439.15M | $-269.50M | $-194.10M | $-267.40M | $-338.10M | $-2.64B | $-277.00M | $-239.40M | $-334.70M | $-12.29B | $-538.20M | $-669.10M | $-433.30M | $-413.60M | $-509.90M | $-625.10M | $-841.70M | $-648.00M | — |
| Financing cash flow | $-401.24M | $8.44M | $-266.90M | $-117.20M | $-7.60M | $-665.10M | $1.17B | $-1.06B | $-802.00M | $-531.50M | $11.32B | $-1.50B | $-1.01B | $-2.01B | $-1.07B | $-1.17B | $-889.50M | $-981.40M | $-1.14B | — |
| Dividends paid | $128.35M | $131.77M | $159.40M | $170.40M | $201.10M | $228.10M | $237.20M | $234.60M | $273.60M | $303.40M | $352.90M | $353.40M | $354.20M | $424.40M | $125.30M | $147.80M | $329.30M | $354.70M | $369.20M | $376.30M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $474.70M | — | $-480.00M | $-168.00M | $182.30M | $-193.70M | $130.00M | $-142.30M | $639.30M | $-534.50M | $211.70M | $-108.60M | $-12.60M | — | — | — |
Frequently asked questions
What is Molson Coors Brewing Co Class B's revenue?
Molson Coors Brewing Co Class B's trailing twelve-month revenue is $11.19B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TAP?
In its most recent fiscal year, TAP ran a gross margin of 37.58%, an operating margin of -21.01%, and a net margin of -19.21%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TAP generate?
TAP produced $1.07B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TAP's balance sheet healthy?
TAP holds $896.50M in cash and equivalents against $3.81B in long-term debt, on $10.23B of shareholder equity. That debt is best read against the cash flow the business throws off each year.