• Read more on the standards for our company.
  • We actively promote the responsible enjoyment of our brands.
  • The environment is a key ingredient to our success. Read how we're taking care of it.
  • We care about people both on our payroll and off.
  • We work with our suppliers and vendors to assure responsibility throughout the supply chain.

There are two ways to create your custom Molson Coors corporate responsibility report. You can browse the Responsibility section of our website and select Add to My Report for topics that interest you; or, you can go to our custom report builder (link to report builder page) and check the box next to each topic to prepare a report built just for you.

Financial Results and Impact

Molson Coors gross sales for 2012 were US$5,615.0 million, or $3,916.5 million net of excise taxes. The distribution of these funds is provided in the economic impact section below.

Note that under US GAAP, these gross sales do not include sales by MillerCoors LLC, the US operating company operated in a joint venture with SABMiller. MillerCoors LLC reported gross sales of $8,966.6 million, or $7,761.1 million net of excise taxes. On a pro forma basis, 42% of these sales would be attributed to Molson Coors.

Molson Coors pro forma gross sales (including 42% of MillerCoors LLC) total $9,381 million gross, or $7,176.2 million net of excise taxes.

Molson Coors net income for 2012 totaled $443.0 million. Equity income from MillerCoors LLC is included in Molson Coors net income.

More information is available on the Form10K Annual Report available here. Selected information from that report is provided below.


Molson Coors Brewing Company and Subsidiaries
Consolidated Statements of Operations
(In Millions, Except Per Share Data)

Dec. 29
2012
Dec. 31
2011
Dec. 25
2010
Sales 5,615.0 5,167.9 4,703.1
Excise Taxes (1,679.5) (1,654.2) (1,448.7)
Net Sales 3,916.5 3,254.4 3,254.4
Cost of goods sold (2,352.5) (2,049.1) (1,812.2)
Gross Profit 1,564.0 1,466.6 1,442.2
Marketing, general and administrative expenses (1,126.1) (1,019.0) (1,012.5)
Special items, net (81.4) (12.3) (21.4)
Equity income in MillerCoors 510.9 457.9 456.1
Operating income (loss) 867.4 893.2 864.5
Other income (expense), net
Interest expense (196.3) (118.7) (110.2)
Interest Income 11.3 10.7 10.8
Other income (expense), net (90.3) (11.0) (43.9)
Total other income (expense), net (275.3) (119.0) (55.5)
Income (loss) from continuing operations before income taxes 592.1 774.2 809.0
Income tax benefit (expense) (154.5) (99.4) (138.7)
Net income(loss) from continuing operations 437.6 674.8 670.3
Income (loss) from discontinued operations, net of tax 1.5 2.3 39.6
Net income (loss) including non-controlling interests 439.1 677.1 709.9
Less: Net (income) loss attributable to non-controlling interests (3.9) (0.8) (2.2)
Net income (loss) attributable to Molson Coors Brewing Company 443.0 676.3 707.7
Basic net income (loss) attributable to Molson Coors Brewing Company per share:
From continuing operations 2.44 3.65 3.59
From discontinued operations 0.01 0.01 0.21
Basic net income (loss) attributable to Molson Coors Brewing Company per share
Diluted net income(loss) attributable to Molson Coors Brewing Company per share:
From continuing operations 2.44 3.65 3.59
From discontinued operations 0.01 0.01 0.21
Diluted net income (loss) attributable to Molson Coors Brewing Company per share: 2.44 3.36 3.78
Weighted-average shares - basic 180.8 184.9 185.9
Weighted-average shares - diluted 181.8 186.4 187.3
Amounts attributable to Molson Coors Brewing Company
Net income (loss) from continuing operations 441.5 674.0 668.1
Income (loss) from discontinued operations, net of tax 1.5 2.3 39.6
Net income (loss) attributable to Molon Coors Brewing Company 443 676.3 707.7

MillerCoors LLC and Subsidiaries
Consolidated Statements of Operations and Comprehensive Income (Loss)
(In millions)

Dec. 31
2012
Dec. 31
2011
Dec. 31
2010
Sales 8,966.6 8,763.3 8,817.7
Excise Taxes (1,205.5) (1,213.1) (1,247.1)
Net Sales 7,761.1 7,550.2 7,570.6
Cost of goods sold (4,689.7) (4,647.9) (4,686.3)
Gross Profit 3,071.4 2,902.3 2,884.3
Marketing, general and administrative expenses (1,828.5) (1,768.6) (1,775.1)
Special items (31.8) (113.4) (30.3)
Operating income 1,211.1 1,020.3 1,078.9
Other income (expense):
Interest expense, net (1.4) (1.8) (0.7)
Other income, net 1.7 3.0 2.4
Total other income (expense) 0.3 1.2 2.4
Income before income taxes 1,211.4 1,021.5 1,081.3
Income taxes (5.5) (7.5) (7.6)
Net income 1,205.9 1,014.0 1,073.7
Net income attributable to non-controlling interests (15.0) (10.2) (16.7)
Net income attributable to MilerCoors LLC 1,190.9 1,003.8 1,057.0
Other comprehensive income (loss):
Unrealized loss on derivative instruments (5.6) (100.3) (1.0)
Reclassification adjustment on derivative instruments 25.5 (13.9) 15.4
Pension and other postretirement benefit adjustments (144.8) (194.4) (202.2))
Amortization of net prior service costs and net actuarial losses 58.5 62.5 61.8
Other comprehensive income (loss) (66.4) (246.1) (126.0)
Comprehensive income 1,124.5 757.7 931.0

Economic Impact - Who benefits from our revenues?

TREND: ALLOCATION OF GROSS REVENUES 2010 2011 2012
Governments 34% 32% 31%
Agriculture, other brewing materials 15% 16% 18%
People 12% 12% 18%
Cans, bottles, other packaging 8% 9% 9%
Media, advertising & sponsorships 8% 8% 7%
Transportation 7% 7% 6%
General & Administrative, including donations 5% 5% 6%
Equipment & administrative, including donations 4% 4% 4%
Invested in the business (retained earnings) 1% 0% 0%
Shareholders (dividends) 4% 5% 4%
Financial institutions (interest) 2% 2% 3%

* 2012 revenues represent full year revenues from Molson Coors Brewing Company operations around the world, with the exception of the US and Puerto Rico. In July 2008, Molson Coors and SAB Miller plc combined their US and Puerto Rico operations to form MillerCoors LLC. For financial reporting under US accounting standards, MillerCoors is accounted for under the equity method of accounting. Therefore, since July 2008, MillerCoors revenues and expenses are not reported in the financial results of Molson Coors. Molson Coors does receive and report 42% of the net income of MillerCoors LLC.

CEO Statement

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Our Values

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Our Approach

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Stakeholder Engagement

Working with our stakeholders makes us better at what we do.

How We Work

How we do things matters just as much as what we do.

CASE STUDIES

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