XML 29 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Sales Revenue, Goods, Gross                 $ 13,471.5 $ 6,597.4 $ 5,127.4
Sales $ 3,211.7 $ 3,552.9 $ 3,793.1 $ 2,913.8 $ 2,901.9 $ 1,337.7 $ 1,407.0 $ 950.8 11,002.8 4,885.0 3,567.5
Excise taxes (632.1) (669.7) (701.8) (465.1) (607.9) (390.1) (420.8) (293.6) (2,468.7) (1,712.4) (1,559.9)
Net sales 2,579.6 2,883.2 3,091.3 2,448.7 2,294.0 947.6 986.2 657.2 11,002.8 4,885.0 3,567.5
Cost of goods sold (1,514.7) (1,584.1) (1,750.7) (1,367.7) (1,481.9) (537.4) (558.1) (410.1) (6,217.2) (2,987.5) (2,131.6)
Gross profit 1,064.9 1,299.1 1,340.6 1,081.0 812.1 410.2 428.1 247.1 4,785.6 1,897.5 1,435.9
Marketing, general and administrative expenses                 (3,032.4) (1,589.8) (1,038.3)
Special items, net                 (28.1) 2,522.4 (346.7)
Equity Income Loss in Equity Method Investment                 0.0 500.9 516.3
Operating income (loss)                 1,725.1 3,331.0 567.2
Other income (expense), net                      
Interest expense                 (349.3) (271.6) (120.3)
Interest income                 6.0 27.2 8.3
Other income (expense), net                 (0.1) (29.7) 0.9
Total other income (expense), net                 (343.4) (274.1) (111.1)
Income (loss) from continuing operations before income taxes                 1,381.7 3,056.9 456.1
Income tax benefit (expense)                 53.2 (1,055.2) (61.5)
Net income (loss) from continuing operations                 1,434.9 2,001.7 394.6
Income (loss) from discontinued operations, net of tax 0.7 (0.2) 1.6 (0.6) (0.5) 0.0 (1.8) (0.5) 1.5 (2.8) 3.9
Net income (loss) including noncontrolling interests                 1,436.4 1,998.9 398.5
Net (income) loss attributable to noncontrolling interests                 (22.2) (5.9) (3.3)
Net income (loss) attributable to Molson Coors Brewing Company $ 588.8 $ 287.0 $ 329.9 $ 208.5 $ 1,439.3 $ 207.7 $ 177.9 $ 168.1 $ 1,414.2 $ 1,993.0 $ 395.2
Basic net income (loss) attributable to Molson Coors Brewing Company per share:                      
Basic net income (loss) from continuing operations attributable to MCBC per share $ 2.73 $ 1.33 $ 1.52 $ 0.97 $ 6.70 $ 0.97 $ 0.84 $ 0.83 $ 6.56 $ 9.41 $ 2.11
From discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00 0.00 0.00 (0.01) 0.00 0.01 (0.01) 0.02
Basic net income (loss) attributable to Molson Coors Brewing Company (in dollars per share) 2.73 1.33 1.53 0.97 6.70 0.97 0.83 0.83 6.57 9.40 2.13
Diluted net income (loss) attributable to Molson Coors Brewing Company per share:                      
From continuing operations (in dollars per share) 2.72 1.33 1.52 0.97 6.65 0.96 0.83 0.82 6.52 9.35 2.10
From discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01) 0.00 0.00 (0.01) 0.00 0.01 (0.01) 0.02
Diluted net income (loss) attributable to Molson Coors Brewing Company per share $ 2.72 $ 1.33 $ 1.52 $ 0.96 $ 6.65 $ 0.96 $ 0.82 $ 0.82 $ 6.53 $ 9.34 $ 2.12
Weighted-average shares—basic                 215.4 212.0 185.3
Weighted-average shares for diluted EPS                 216.5 213.4 186.4
Amounts attributable to Molson Coors Brewing Company                      
Net income (loss) from continuing operations $ 588.1 $ 287.2 $ 328.3 $ 209.1 $ 1,439.8 $ 207.7 $ 179.7 $ 168.6 $ 1,412.7 $ 1,995.8 $ 391.3
Income (loss) from discontinued operations, net of tax 0.7 (0.2) 1.6 (0.6) (0.5) 0.0 (1.8) (0.5) 1.5 (2.8) 3.9
Net income (loss) attributable to Molson Coors Brewing Company $ 588.8 $ 287.0 $ 329.9 $ 208.5 $ 1,439.3 $ 207.7 $ 177.9 $ 168.1 1,414.2 1,993.0 395.2
Eliminations                      
Sales Revenue, Goods, Gross                 (521.9) (216.2) (112.5)
Sales                 (521.9) (216.2) (112.5)
Excise taxes                 0.0 0.0 0.0
Cost of goods sold                 487.0 185.6 80.2
Gross profit                 (34.9) (30.6) (32.3)
Marketing, general and administrative expenses                 34.9 30.6 32.3
Special items, net                 0.0 0.0 0.0
Equity Income Loss in Equity Method Investment                   0.0 0.0
Operating income (loss)                 (1,758.1) (1,809.3) (281.6)
Other income (expense), net                      
Other income (expense), net                 0.0 0.0 0.0
Income tax benefit (expense)                 0.0 0.0 0.0
Net income (loss) from continuing operations                 (1,758.1) (1,809.3) (281.6)
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) including noncontrolling interests                 (1,758.1) (1,809.3) (281.6)
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 (1,758.1) (1,809.3) (281.6)
Amounts attributable to Molson Coors Brewing Company                      
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 (1,758.1) (1,809.3) (281.6)
Parent Issuer                      
Sales Revenue, Goods, Gross                 21.8 26.5 28.2
Sales                 21.8 26.5 28.2
Excise taxes                 0.0 0.0 0.0
Cost of goods sold                 (2.0) 0.0 0.0
Gross profit                 19.8 26.5 28.2
Marketing, general and administrative expenses                 (284.8) (249.6) (131.0)
Special items, net                 (0.8) (1.0) 0.0
Equity Income Loss in Equity Method Investment                   0.0 0.0
Operating income (loss)                 1,584.6 2,044.7 365.7
Other income (expense), net                      
Other income (expense), net                 (8.5) (62.0) (7.4)
Income tax benefit (expense)                 146.5 212.4 104.4
Net income (loss) from continuing operations                 1,414.2 1,993.0 395.2
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) including noncontrolling interests                 1,414.2 1,993.0 395.2
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 1,414.2 1,993.0 395.2
Amounts attributable to Molson Coors Brewing Company                      
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 1,414.2 1,993.0 395.2
Subsidiary Guarantors                      
Sales Revenue, Goods, Gross                 10,457.9 3,742.8 2,070.4
Sales                 8,982.8 3,081.4 1,596.5
Excise taxes                 (1,475.1) (661.4) (473.9)
Cost of goods sold                 (5,028.3) (1,827.6) (886.7)
Gross profit                 3,954.5 1,253.8 709.8
Marketing, general and administrative expenses                 (2,164.8) (802.4) (368.8)
Special items, net                 (21.5) 2,554.8 (27.2)
Equity Income Loss in Equity Method Investment                   500.9 516.3
Operating income (loss)                 1,482.5 3,166.7 370.4
Other income (expense), net                      
Other income (expense), net                 178.9 (60.9) 6.3
Income tax benefit (expense)                 (86.6) (1,108.0) (214.5)
Net income (loss) from continuing operations                 1,850.4 2,266.7 452.3
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) including noncontrolling interests                 1,850.4 2,266.7 452.3
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 1,850.4 2,266.7 452.3
Amounts attributable to Molson Coors Brewing Company                      
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss) attributable to Molson Coors Brewing Company                 1,850.4 2,266.7 452.3
Subsidiary Non Guarantors                      
Sales Revenue, Goods, Gross                 3,513.7 3,044.3 3,141.3
Sales                 2,520.1 1,993.3 2,055.3
Excise taxes                 (993.6) (1,051.0) (1,086.0)
Cost of goods sold                 (1,673.9) (1,345.5) (1,325.1)
Gross profit                 846.2 647.8 730.2
Marketing, general and administrative expenses                 (617.7) (568.4) (570.8)
Special items, net                 (5.8) (31.4) (319.5)
Equity Income Loss in Equity Method Investment                   0.0 0.0
Operating income (loss)                 416.1 (71.1) 112.7
Other income (expense), net                      
Other income (expense), net                 (170.5) 93.2 2.0
Income tax benefit (expense)                 (6.7) (159.6) 48.6
Net income (loss) from continuing operations                 (71.6) (448.7) (171.3)
Income (loss) from discontinued operations, net of tax                 1.5 (2.8) 3.9
Net income (loss) including noncontrolling interests                 (70.1) (451.5) (167.4)
Net (income) loss attributable to noncontrolling interests                 (22.2) (5.9) (3.3)
Net income (loss) attributable to Molson Coors Brewing Company                 (92.3) (457.4) (170.7)
Amounts attributable to Molson Coors Brewing Company                      
Income (loss) from discontinued operations, net of tax                 1.5 (2.8) 3.9
Net income (loss) attributable to Molson Coors Brewing Company                 $ (92.3) $ (457.4) $ (170.7)