Molson Coors Beverage Company (TAP.A) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Molson Coors Beverage Company generated $1.78B of operating cash flow and spent $716.60M on capital expenditures. That left free cash flow of $1.07B, down 13.6% from $1.24B a year earlier, or 9.6% of revenue. It returned $1.02B to shareholders through $376.30M in dividends and $647.90M in share buybacks.

Molson Coors Beverage Company Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Molson Coors Beverage Company (TAP.A) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	-2.18	1.16	0.96	-0.19	1.01
Depreciation & Amortization	0.73	0.77	0.69	0.68	0.79
Deferred Income Tax	-0.34	0.35	0.30	0.12	0.23
Stock Based Compensation	0.04	0.04	0.04	0.03	0.03
Change in Working Capital	-0.15	-0.19	0.07	-0.18	-0.04
Change in Accounts Receivable	0.05	0.04	0.00	-0.11	-0.14
Change in Inventory	0.07	0.06	0.02	-0.06	-0.14
Change in Accounts Payable	-0.29	-0.23	0.05	-0.02	0.29
Change in Other Working Capital	0.03	-0.05	0.00	0.01	-0.04
Other Operating Activities	3.35	0.13	0.31	1.15	-0.22
Net Cash from Operating Activities	1.78	1.91	2.08	1.50	1.57
Investing Activities
Capital Expenditures	-0.72	-0.67	-0.67	-0.66	-0.52
Acquisitions	-0.02	-0.01	-0.06	-	-
Other Investing Activities	-0.10	0.01	-0.12	0.00	-0.01
Net Cash from Investing Activities	-0.82	-0.65	-0.84	-0.63	-0.51
Financing Activities
Debt Repayment	-0.01	-0.88	-0.40	-0.51	-1.01
Common Stock Issued	-	-	-	-	0.00
Common Stock Repurchased	-0.65	-0.64	-0.21	-0.05	-
Dividends Paid	-0.38	-0.37	-0.35	-0.33	-0.15
Other Financing Activities	-0.02	-0.11	-0.02	0.00	-0.02
Net Cash from Financing Activities	-1.06	-1.14	-0.98	-0.89	-1.17
Summary
Effect of Forex Changes on Cash	0.02	-0.02	0.01	-0.02	-0.02
Net Change in Cash	-0.07	0.10	0.27	-0.04	-0.13
Cash at Beginning of Period	0.97	0.87	0.60	0.64	0.77
Cash at End of Period	0.90	0.97	0.87	0.60	0.64
Free Cash Flow	1.07	1.24	1.41	0.84	1.05
Supplemental Disclosures
Interest Paid	0.24	0.22	0.23	0.24	0.26
Income Taxes Paid	0.13	0.23	0.24	0.08	0.23

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Molson Coors Beverage Company Cash Flow

What is Molson Coors Beverage Company's free cash flow?

Molson Coors Beverage Company generated free cash flow of $1.07B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $1.78B minus $716.60M of capital expenditures. That was down 13.6% from $1.24B a year earlier. Free cash flow equaled 9.6% of revenue.

How much does Molson Coors Beverage Company spend on capital expenditures?

Molson Coors Beverage Company spent $716.60M on capital expenditures in fiscal 2025, compared with $674.10M a year earlier. That equals 40.2% of operating cash flow.

Does Molson Coors Beverage Company pay dividends or buy back shares?

Yes. In fiscal 2025 Molson Coors Beverage Company returned $376.30M in dividends and $647.90M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition