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Molson Coors Beverage cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$326M in Q3 2026 · $1.2B over twelve months

Operating cash flow$460M
Capital spending−$134M
Free cash flow+$326M
Cash / net income1.7×

Analysis

In Q3 2026, Molson Coors Beverage generated $460M of operating cash flow and spent $134M on capital projects, leaving free cash flow of $326M. That is $157M less than in Q3 2025 ($483M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.8B; the largest uses were capital spending ($652M), buybacks ($570M), net borrowing (+) / repaid (−) ($552M); besides operations, cash came from other financing ($253M), asset & business sales ($23.2M); the cash balance fell by $348M.

Operating cash flow was $460M against net income of $265M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$183M, other operating capital −$50.1M, stock-based pay +$9.2M.

Free cash flow

Molson Coors Beverage: free cash flow by quarterMolson Coors Beverage: free cash flow by quarter$383MQ4 2024−$328MQ1 2025$555MQ2 2025$483MQ3 2025$358MQ4 2025−$229MQ1 2026$714MQ2 2026$326MQ3 2026
Operating cash flow less capital spending.
Molson Coors Beverage: operating cash flow against capital spendingMolson Coors Beverage: operating cash flow against capital spendingOperating cash flowCapital spending$494M$111MQ4 2024−$90.7M$237MQ1 2025$718M$163MQ2 2025$616M$133MQ3 2025$541M$183MQ4 2025$2.5M$232MQ1 2026$818M$104MQ2 2026$460M$134MQ3 2026
Latest (Q3 2026): Operating cash flow $460M, Capital spending $134M.

Capital allocation, year by year

Molson Coors Beverage: where the cash came from (up) and went (down), by fiscal yearMolson Coors Beverage: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.6BFY2021: Net borrowing −$1.0BFY2021: Shares issued $4.6MFY2021: Asset sales $26.0MFY2021: Capital spending −$523MFY2021: Dividends −$148M$1.6BFY2021FY2022: Operating cash flow $1.5BFY2022: Net borrowing −$502MFY2022: Shares issued $3.1MFY2022: Asset sales $32.2MFY2022: Capital spending −$661MFY2022: Buybacks −$51.5MFY2022: Dividends −$329M$1.5BFY2022FY2023: Operating cash flow $2.1BFY2023: Net borrowing −$405MFY2023: Shares issued $7.9MFY2023: Asset sales $10.9MFY2023: Capital spending −$672MFY2023: Acquisitions −$63.7MFY2023: Buybacks −$206MFY2023: Dividends −$355M$2.1BFY2023FY2024: Operating cash flow $1.9BFY2024: Net borrowing −$20.1MFY2024: Asset sales $24.5MFY2024: Capital spending −$674MFY2024: Acquisitions −$8.6MFY2024: Buybacks −$643MFY2024: Dividends −$369M$1.9BFY2024FY2025: Operating cash flow $1.8BFY2025: Net borrowing −$12.8MFY2025: Asset sales $15.8MFY2025: Capital spending −$717MFY2025: Acquisitions −$22.3MFY2025: Buybacks −$648MFY2025: Dividends −$376M$1.8BFY2025
Over these 5 years operating cash flow totalled $8.8B; the largest uses were capital spending ($3.2B) and net borrowing ($1.9B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$602M
Debt$6.0B
Net debt$5.4B
Due within a year$2.4B

Molson Coors Beverage funds itself: free cash flow was $1.2B over the last twelve months, and $602M of cash and investments stands against $6.0B of debt ($2.4B due within a year, 0.2× covered by cash).

Molson Coors Beverage: debt maturities by year (FY2025)Molson Coors Beverage: debt maturities by year (FY2025)$2.4BYear 1$500KYear 2$500KYear 3$1.7MYear 4$500KYear 5$3.8BAfter year 5
Principal due in each year as disclosed in the annual report, against $602M of cash and investments now.

Where the cash came from and went

Molson Coors Beverage: sources (+) and uses (−) of cash, Q3 2026Molson Coors Beverage: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)−$2.0BCash drawn (+) / kept (−)$1.5BOperating cash flow$460MOther financing$289MCapital spending−$134MDividends−$89.4MBuybacks−$43.9MAsset & business sales$6.1MExchange rates−$4.9MOther investing−$3.6MAcquisitions−$400K
Molson Coors Beverage: sources (+) and uses (−) of cash, TTM to Q3 2026Molson Coors Beverage: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.8BCapital spending−$652MBuybacks−$570MNet borrowing (+) / repaid (−)−$552MDividends−$364MCash drawn (+) / kept (−)$348MAcquisitions−$271MOther financing$253MAsset & business sales$23.2MExchange rates−$18.4MOther investing−$18.0M

From profit to cash

Molson Coors Beverage: net income to operating cash flow, Q3 2026Molson Coors Beverage: net income to operating cash flow, Q3 2026Net income$265MDepreciation & amortization$183MStock-based pay$9.2MOther operating capital−$50.1MOperating cash flow$460M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$460M−$134M−$400K−$43.9M−$89.4M−$2.0B$1.5B$326M
Q2 2026$818M−$104M−$271M−$42.5M−$90.1M−$358M−$1.7B$714M
Q1 2026$2.5M−$232M—−$168M−$93.6M−$26.7M$514M−$229M
Q4 2025$541M−$183M—−$315M−$90.6M−$3.2M$53.7M$358M
Q3 2025$616M−$133M−$1.5M−$26.0M−$93.0M−$3.8M−$336M$483M
Q2 2025$718M−$163M—−$247M−$93.5M−$2.7M−$201M$555M
Q1 2025−$90.7M−$237M−$20.8M−$59.6M−$99.2M−$3.1M$557M−$328M
Q4 2024$494M−$111M−$8.6M−$206M−$89.8M−$4.8M$52.4M$383M

Molson Coors Beverage: income statement and cash flow

Molson Coors Beverage, Q3 2026: revenue $3.4B (-2% year over year), operating margin 11.5%. The chart follows the revenue to costs, profit and cash.

Molson Coors Beverage: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.