TAP · 10-Q · 2026Q2 · Full report
Operating Cash Flow Trends
MOLSON COORS BEVERAGE CO (TAP, TAP-A) · 2026-08-06 · Importance 64 · Surprise 56 · In source text
Net cash provided by operating activities rose $192.8 million year over year to $820.4 million for the six months ended June 30, 2026. The increase was driven by favorable working-capital changes, including a $107.5 million settlement of forward-starting interest-rate swaps, lower annual incentive-compensation payments and payment timing. Cash benefits also reflected the cycling of a $60.6 million prior-year payment resolving the Keystone litigation case. Lower net income adjusted for non-cash items and the timing of receivables partially offset the improvement.
Key facts
- Net cash provided by operating activities for the six months ended June 30, 2026: $820.4 million, increased $192.8 million versus $627.6 million for the six months ended June 30, 2025. source
- Net cash provided by operating activities increase was primarily due to cash settlement of forward starting interest rate swaps of $107.5 million and cycling of a $60.6 million prior year payment as final resolution of the Keystone litigation case. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.8% | Net cash provided by operating activities for the six months ended June 30, 2026: $820.4 million, increased $192.8 million versus $627.6… |
| cash | positive | realized | +0.4% | Net cash provided by operating activities increase was primarily due to cash settlement of forward starting interest rate swaps of $107.5… |
| cash | positive | realized | +0.3% | Net cash provided by operating activities increase was primarily due to cash settlement of forward starting interest rate swaps of $107.5… |