Table of Contents MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (IN MILLIONS) Year ended December 31, 2018 Parent Issuer Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 162.5 $ 10,118.0 $ 3,739.8 $ (682.3 ) $ 13,338.0 Excise taxes — (1,420.3) (1,148.1) — (2,568.4) Net sales 162.5 8,697.7 2,591.7 (682.3 ) 10,769.6 Cost of goods sold (2.0) (5,242.6) (1,800.3) 460.1 (6,584.8) Gross profit 160.5 3,455.1 791.4 (222.2 ) 4,184.8 Marketing, general and administrative expenses (305.5) (2,041.0) (678.4) 222.2 (2,802.7) Special items, net (1.7 ) 270.6 (19.2 ) — 249.7 Equity income (loss) in subsidiaries 1,367.8 (126.5) 131.4 (1,372.7) — Operating income (loss) 1,221.1 1,558.2 225.2 (1,372.7 ) 1,631.8 Other income (expense), net Interest income (expense), net (323.2 ) 342.7 (317.7 ) — (298.2 ) Other pension and postretirement benefits (costs), net (0.1) 5.4 32.9 — 38.2 Other income (expense), net (0.1 ) (57.3 ) 45.4 — (12.0 ) Total other income (expense), net (323.4) 290.8 (239.4) — (272.0) Income (loss) before income taxes 897.7 1,849.0 (14.2 ) (1,372.7 ) 1,359.8 Income tax benefit (expense) 218.8 (480.8) 36.8 — (225.2) Net income (loss) 1,116.5 1,368.2 22.6 (1,372.7 ) 1,134.6 Net (income) loss attributable to noncontrolling interests — — (18.1) — (18.1) Net income (loss) attributable to MCBC $ 1,116.5 $ 1,368.2 $ 4.5 $ (1,372.7 ) $ 1,116.5 Comprehensive income (loss) attributable to MCBC $ 826.5 $ 1,061.9 $ (122.8) $ (939.1) $ 826.5 163