Coca-Cola Consolidated, Inc. (COKE) Financial Statements (2024 and earlier)

Company Profile

Business Address 4100 COCA COLA PLZ
CHARLOTTE, NC 28211
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19814255101417
Cash and cash equivalents19814255101417
Receivables552513453482473454
Inventory, net of allowances, customer advances and progress billings348303226226210184
Inventory348303226226210184
Prepaid expense8484736
Derivative instruments and hedges, assets582   
Disposal group, including discontinued operation  76   
Other undisclosed current assets13610010010895104
Total current assets:1,2461,077851830797795
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6647018
Operating lease, right-of-use asset141140134111
Property, plant and equipment1,1841,0311,0239979911,031
Intangible assets, net (including goodwill)166166166166166169
Goodwill166166166166166169
Other noncurrent assets116120112113115116
Other undisclosed noncurrent assets851848867891941962
Total noncurrent assets:2,4642,3692,3712,2972,2132,278
TOTAL ASSETS:3,7103,4463,2223,1273,0103,073
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities550661514489481460
Interest and dividends payable44565
Employee-related liabilities11188887272
Accounts payable 352319218187152197
Accrued liabilities198227205209250186
Debt26262498
Due to related parties163146107109112171
Other undisclosed current liabilities19022    
Total current liabilities:905835647622602639
Noncurrent Liabilities
Long-term debt and lease obligation6069101,1301,1451,1311,123
Long-term debt, excluding current maturities5997239401,0301,1041,088
Capital lease obligations2735
Finance lease, liability8657017
Liabilities, other than long-term debt1,083988932783822851
Deferred tax liabilities, net127112
Deferred income tax liabilities150136139 
Liability, pension and other postretirement and postemployment benefits609311311586118
Other liabilities753759679669609621
Operating lease, liability11912212098
Other undisclosed noncurrent liabilities    125  
Total noncurrent liabilities:1,6891,8992,0622,0541,9531,975
Total liabilities:2,5942,7342,7092,6762,5552,614
Equity
Equity, attributable to parent, including:1,164760513347358367
Additional paid in capital136136136129124120
Accumulated other comprehensive loss(85)(100)(119)(115)(77)(94)
Retained earnings1,112724544381359389
Other undisclosed equity, attributable to parent  (48)(48)(48)(48)
Equity, attributable to noncontrolling interest    1049792
Other undisclosed equity (48)(48)    
Total equity:1,115712513451455459
TOTAL LIABILITIES AND EQUITY:3,7103,4463,2223,1273,0103,073

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,2015,5635,0074,8274,6254,324
Revenue, net4,324
Cost of revenue
(Cost of Goods and Services Sold)
(3,923)(3,609)(3,238)(3,156)(3,070)(2,783)
Gross profit:2,2781,9541,7691,6711,5561,541
Operating expenses(1,637)(1,515)(1,456)(1,490)(1,498)(1,445)
Operating income:6414393131815896
Nonoperating income (expense)(41)(151)(36)(101)(21)9
Investment income, nonoperating     1013
Other nonoperating expense(41)(151)(36)(101)(31)(4)
Interest and debt expense(25)(33)(37)(46)(51)(42)
Income (loss) from continuing operations before equity method investments, income taxes:57525524134(13)63
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:57525524134(13)63
Income tax expense (benefit)(145)(66)(59)(16)(2)40
Income (loss) from continuing operations:43019018219(15)103
Income (loss) before gain (loss) on sale of properties:19018219(15)103
Net income (loss):43019018219(15)103
Net loss attributable to noncontrolling interest   (10)(7)(5)(6)
Net income (loss) attributable to parent:43019017211(20)97
Other undisclosed net income (loss) available to common stockholders, basic    (3)5(23)
Net income (loss) available to common stockholders, basic:4301901729(15)74
Other undisclosed net income (loss) available to common stockholders, diluted    3(5)23
Net income (loss) available to common stockholders, diluted:43019017211(20)97

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):43019018219(15)103
Other comprehensive income (loss)1619(4)(18)17(1)
Comprehensive income:44620817812102
Comprehensive loss, net of tax, attributable to noncontrolling interest   (10)(7)(5)(6)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:446208168(7)(3)95

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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