Table of Contents MOLSON COORS BEVERAGE COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (IN MILLIONS) 152 Year ended December 31, 2017 Parent Issuer Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 792.5 $ 1,474.7 $ 818.5 $ (1,219.4 ) $ 1,866.3 CASH FLOWS FROM INVESTING ACTIVITIES: Additions to properties (12.1 ) (428.6 ) (158.9 ) — (599.6 ) Proceeds from sales of properties and other assets — 4.4 56.1 — 60.5 Other — 0.4 0.5 — 0.9 Net intercompany investing activity 72.1 21.1 (254.4) 161.2 — Net cash provided by (used in) investing activities 60.0 (402.7 ) (356.7 ) 161.2 (538.2 ) CASH FLOWS FROM FINANCING ACTIVITIES: Exercise of stock options under equity compensation plans 4.0 — — — 4.0 Dividends paid (324.0) (809.5) (439.3) 1,219.4 (353.4) Payments on debt and borrowings (2,600.0 ) (398.4 ) (1.7 ) — (3,000.1 ) Proceeds on debt and borrowings 1,536.0 — — — 1,536.0 Debt issuance costs (7.0 ) — — — (7.0 ) Net proceeds from (payments on) revolving credit facilities and commercial paper 378.5 — (4.2) — 374.3 Other (12.9 ) (11.1 ) (26.2 ) — (50.2 ) Net intercompany financing activity 32.2 149.1 (20.1) (161.2) — Net cash provided by (used in) financing activities (993.2 ) (1,069.9 ) (491.5 ) 1,058.2 (1,496.4 ) CASH AND CASH EQUIVALENTS: Net increase (decrease) in cash and cash equivalents (140.7 ) 2.1 (29.7 ) — (168.3 ) Effect of foreign exchange rate changes on cash and cash equivalents — (2.7) 28.7 — 26.0 Balance at beginning of year 147.3 141.5 272.1 — 560.9 Balance at end of period $ 6.6 $ 140.9 $ 271.1 $ — $ 418.6