Keurig Dr Pepper (KDP) 10-Q2016 Q1 Quarterly report

Filed: 27 Apr 16, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: agreed, arbitration, Armor, award, awarded, begun, Body, caption, Chamber, chart, classification, cliff, Cocktail, commenced, Commerce, composed, Court, de, deadlock, deadlocked, degree, deposit, downgrade, Embotelladora, Employee, exceeded, extinguish, extinguishment, Garden, implementation, Industria, leaving, met, negotiated, practical, proceeding, qualitative, quantitative, ratably, reclassification, repaid, retroactively, simplification, target, threshold, Transition, withholding

Removed: accrual, acquisition, agency, ale, allocation, amortization, amortized, annually, application, approximate, assigning, assignment, buy, calculate, calculation, cleanup, Commission, commitment, comprised, conduct, connection, consolidation, convert, Country, data, deduction, designed, determinable, enforcement, enterprise, environmental, estimable, evaluated, exiting, expand, expertise, fault, finite, forecasted, frequently, ginger, health, IBC, identify, impairment, impose, Imputation, indefinite, independently, innovation, Investigation, Jersey, law, leadership, leasing, legality, life, local, nature, notification, notified, novation, periodic, postretirement, potentially, Protection, provision, quality, rating, receivable, record, recoverable, refinance, regression, regularly, remediation, replace, Response, responsible, revision, safety, seltzer, separate, short, simplify, site, slightly, state, strategy, study, Superfund, team, transferred, ultimately, unwound, upgrade, withdraw

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

KDP similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.1

DR PEPPER SNAPPLE GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratio amounts)



	For the Three Months Ended March 31,			For the Years Ended December 31,
	2016			2015			2014			2013			2012
Calculation of fixed charges ratio:
Income before provision for income taxes, equity in earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy⁽²⁾	$	281		$	1,184		$	1,073		$	542		$	978

Add/(deduct):
Fixed charges	38			132			125			138			142
Amortization of capitalized interest	1			3			4			4			3
Capitalized interest	(1		)	(1		)	(2		)	(1		)	(2		)
Total earnings available for fixed charges	$	319		$	1,318		$	1,200		$	683		$	1,121

Fixed charges:
Interest expense	$	33		$	117		$	109		$	123		$	125
Capitalized interest	1			1			2			1			2
Interest component of rental expense⁽¹⁾	4			14			14			14			15
Total fixed charges	$	38		$	132		$	125		$	138		$	142

Ratio of earnings to fixed charges	8.5x			10.0x			9.6x			4.9x			7.9x

_________________________________


(1)	Represents a reasonable estimate of the interest component of rental expense incurred by us.

(2)

Due to the completion of the IRS audit for our 2006-2008 federal income tax returns in August 2013, we recognized $430 million of other expense, net, as we no longer anticipate collecting amounts from Mondelēz. Additionally, in June 2013, a bill was enacted by the Canadian government, which reduced amounts amortized for income tax purposes. As a result, we recognized $38 million of indemnity income due to the reduction of our long-term liability to Mondelēz.