TAP · 8-K · 20260806PR000070

Liquidity and Debt Position

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 69 · Surprise 50 · No source text

At June 30, 2026, total debt was $7,709.6 million, cash and cash equivalents were $2,128.1 million, and net debt was $5,581.5 million. Net debt to underlying EBITDA increased to 2.53x from 2.41x at June 30, 2025. Six-month operating cash flow increased $192.8 million to $820.4 million, while underlying free cash flow increased $220.3 million to $513.8 million. Subsequent to quarter-end, Molson Coors repaid $2.0 billion of 3.0% senior notes using proceeds from $500 million of senior notes due July 2031, $1.0 billion due July 2036 and cash on hand.

Key facts

• Total debt as of June 30, 2026: $7,709.6 million; cash and cash equivalents: $2,128.1 million; net debt: $5,581.5 million; net debt to underlying EBITDA ratio: 2.53x. source
• Net cash provided by financing activities for the six months ended June 30, 2026: $1,026.9 million, including proceeds on debt and borrowings of $1,848.6 million and payments on debt and borrowings of $(382.7) million. source
• As of June 30, 2025, the company's net debt to underlying EBITDA ratio was 2.41x. source
• The company had cash and cash equivalents of $2,128.1 million at June 30, 2026, compared to $896.5 million at December 31, 2025. source
• For the six months ended June 30, 2026 U.S. GAAP Net Cash Provided by (Used In) Operating Activities: $820.4 million source
• As of June 30, 2026 U.S. GAAP Current portion of long-term debt and short-term borrowings: $2,037.1 million source
• As of June 30, 2026 Add: Long-term debt: $5,672.5 million source
• As of June 30, 2026 Less: Cash and cash equivalents: $2,128.1 million source

Impact estimates