Molson Coors Brewing Co
BRIEF: For the 13 weeks ended 30 March 2013, Molson Coors Brewing Company revenues increased 20% to $828.5M. Net income before extraordinary items decreased 54% to $36.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Interest income (expense), net increase from $23.8M to $74.9M (expense), Other Marketing and admin increase of 17% to $283.5M (expense).
Class B (non-voting) Common $.01 Par, 4/11, 500M auth., 162,146,978 issd. Insiders own 14.78%. Class A (voting) Common $.01 Par, 4/11, 500M auth., 2,583,794 issd. Insiders own 97.60%. Class A Exchangeable Shares no Par, 4/11, 2,939,789 issd. Class B Exchangeable Shares no Par, 4/11, 19,283,614 issd. 10/07, 2-for-1 stock split.
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates in five business segments: Canada, the U.S., Central Europe, the U.K., and MCI. The Company is the brewers and have a diverse portfolio of owned and partner brands, including signature brands Coors Light, Molson Canadian, Carling and Staropramen, as well as craft and specialty beers such as Blue Moon, Creemore Springs, Cobra and Doom Bar. Its other subsidiaries include: Molson Coors Canada (MCC), operating in Canada; MillerCoors LLC (MillerCoors), which is accounted for by the Company under the equity method of accounting, operating in the United States (U.S.); Molson Coors Brewing Company (UK) Limited (MCBC-UK, operating in the United Kingdom (U.K.) and the Republic of Ireland; Molson Coors International (MCI) operating in various other countries; and its other non-operating subsidiaries. In June 15, 2012, the Company acquired StarBev. In January 2013, it acquired Ireland's Franciscan Well brewery.