Revenue during the quarter surged 171.67 percent to $2,294 million from $844.40 million in the previous year period. Gross margin for the quarter contracted 47 basis points over the previous year period to 35.24 percent. Total expenses were 9.38 percent of quarterly revenues, down from 91.22 percent for the same period last year.

Operating income for the quarter was $2,509.10 million, compared with $74.10 million in the previous year period.

Molson Coors president and chief executive officer Mark Hunter said, "The biggest news for 2016 was completing our acquisition of the remaining 58 percent of MillerCoors and the Miller global brand portfolio for $12 billion, representing the largest transaction in the Company’s history, which made Molson Coors the third-largest global brewer. We also retained the rights to all of the brands that were in the MillerCoors portfolio in the U.S. and Puerto Rico. The transaction was completed at a 9.2-times effective purchase multiple, including the present value of cash tax benefits. Additionally, we will be driving substantial cost synergies in the next three years, and we continue to expect this transaction to be significantly accretive to underlying earnings in the first full year of operations. With the completion of the transaction and the changes we are making to align and enhance our organization, the building blocks are in place for our company to drive top-line growth, profit, cash generation, debt pay-down, and total shareholder returns in the years ahead. Led by our First Choice for Consumers and Customers agenda, these building blocks are grouped into four areas: First, our organization and brands are all under one roof for the first time. Second, our consumer excellence approach with our global brand portfolio of Coors, Miller and Staropramen, supported by our national champion, craft and specialty brands, now gives a platform for accelerating performance outside of our core developed markets over time. Third, our customer excellence approach, where we are investing in sales capability and execution improvement. And lastly, our focus on talent development, diversity and inclusion is laser-focused on enabling our First Choice agenda and leadership capability across the enterprise."

The company has spent $12,286.60 million cash to meet investing activities during the year as against cash outgo of $334.70 million in the last year. It has incurred net capital expenditure of $167.30 million on net basis during the year, down 36.44 percent or $95.90 million from year ago.

Cash flow from financing activities was $11,317.90 million for the year as against cash outgo of $531.50 million in the last year period.

Cash and cash equivalents stood at $560.90 million as on Dec. 31, 2016, up 30.17 percent or $130 million from $430.90 million on Dec. 31, 2015.

Working capital turns negative
Working capital of Molson Coors Brewing Company  has turned negative to $987.90 million on Dec. 31, 2016 from positive $41.60 million on Dec. 31, 2015. Current ratio was at 0.69 as on Dec. 31, 2016, down from 1.03 on Dec. 31, 2015.