Coca-Cola Company (The) (KO) financial statements (2020 and earlier)

Company profile

Business Address ONE COCA COLA PLAZA
ATLANTA, GA 30313
State of Incorp. DE
Fiscal Year End December 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:9,53210,95115,35818,15015,63118,01017,121
Cash and cash equivalents7,5318,9266,0068,5557,3098,95810,414
Short-term investments2,0012,0259,3529,5958,32212,7179,854
Other undisclosed cash, cash equivalents, and short-term investments     (3,665)(3,147)
Receivables4,3533,3963,6673,8563,9414,4664,873
Inventory, net of allowances, customer advances and progress billings3,2662,7662,6552,6752,9023,1003,277
Inventory3,2662,7662,6552,6752,9023,1003,277
Prepaid expense 5495113207228363
Disposal group, including discontinued operation 6,5467,3292,7973,900679 
Assets held-for-sale, not part of disposal group  219  
Other undisclosed current assets5,9666,9217,2226,4196,8146,5035,670
Total current assets:23,11730,63436,54534,01033,39532,98631,304
Noncurrent Assets
Operating lease, right-of-use asset1,310
Property, plant and equipment10,2178,2328,20310,63512,57114,63314,967
Long-term investments and receivables18,68919,40720,99916,40012,50810,11310,555
Long-term investments18,68919,40720,99916,40012,50810,11310,555
Intangible assets, net (including goodwill)25,74117,16416,53021,00023,96826,20213,281
Goodwill16,46510,2639,40110,62911,28912,10012,312
Intangible assets, net (excluding goodwill)9,2766,9017,12910,37112,67914,102969
Other noncurrent assets5,7504,1394,5604,2484,2074,4074,661
Deferred tax assets, net2,667     
Other undisclosed noncurrent assets2,6099731,0599773,4443,68215,287
Total noncurrent assets:64,31652,58251,35153,26056,69859,03758,751
TOTAL ASSETS:87,43383,21687,89687,27090,09392,02390,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,7278,9328,7489,4909,6609,2349,577
Accounts payable 2,4982,2882,6822,7952,089 
Accrued liabilities 5,1395,1794,7795,3595,285 
Taxes payable909315347372444511450
Other undisclosed accounts payable and accrued liabilities11,8189809341,6571,0621,3499,127
Debt74518,06016,22915,85715,71222,56217,877
Deferred tax liabilities   743450339
Customer advances and deposits   352
Other undisclosed current liabilities11,6282,2312,2171,185815(224)18
Total current liabilities:25,10029,22327,19426,53226,93032,37427,811
Noncurrent Liabilities
Long-term debt and lease obligation32,08825,36431,18229,68428,40719,06319,154
Long-term debt, excluding current maturities31,01225,36431,18229,68428,40719,06319,154
Operating lease, liability1,076
Liabilities, other than long-term debt8,0579,57110,5437,8348,99210,0259,650
Deferred tax liabilities, net1,9332,5223,7534,6915,6366,152
Other liabilities8,0577,6388,0214,0814,3014,3893,498
Other undisclosed noncurrent liabilities1,505      
Total noncurrent liabilities:41,65034,93541,72537,51837,39929,08828,804
Total liabilities:66,75064,15868,91964,05064,32961,46256,615
Stockholders' equity
Stockholders' equity attributable to parent18,71316,98117,07223,06225,55430,32033,173
Common stock1,7601,7601,7601,7601,7601,7601,760
Treasury stock, value(51,861)(51,719)(50,677)(47,988)(45,066)(42,225)(39,091)
Additional paid in capital17,03916,52015,86414,99314,01613,15412,276
Accumulated other comprehensive loss(13,706)(12,814)(10,305)(11,205)(10,174)(5,777)(3,432)
Retained earnings65,48163,23460,43065,50265,01863,40861,660
Stockholders' equity attributable to noncontrolling interest1,9702,0771,905158210241267
Total stockholders' equity:20,68319,05818,97723,22025,76430,56133,440
TOTAL LIABILITIES AND EQUITY:87,43383,21687,89687,27090,09392,02390,055

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues34,58231,85635,41041,86344,29445,99846,854
Revenue, net35,41041,86344,29445,99846,854
Cost of revenue
(Cost of Goods and Services Sold)
(13,399)(11,770)(13,256)(16,465)(17,482)(20,589)(21,121)
Other undisclosed gross profit     2,7002,700
Gross profit:21,18320,08622,15425,39826,81228,10928,433
Operating expenses(11,724)(11,386)(12,496)(15,262)(16,427)(17,880)(17,000)
Other undisclosed operating loss  (2,157)(1,510)(1,657)(521)(1,205)
Operating income:9,4598,7007,5018,6268,7289,70810,228
Nonoperating income (expense)(612)(439)(989)(592)1,244(1,046)1,249
Investment income, nonoperating600682677642613632673
Foreign currency transaction loss, before tax     (415) 
Other nonoperating income (expense)(1,212)(1,121)(1,666)(1,234)631(1,263)576
Interest and debt expense(940)(919)(841)(733)(856)(483)(463)
Income from continuing operations before equity method investments, income taxes:7,9077,3425,6717,3019,1168,17911,014
Income from equity method investments1,0031,0081,071835489769602
Other undisclosed income (loss) from continuing operations before income taxes150    377(139)
Income from continuing operations before income taxes:9,0608,3506,7428,1369,6059,32511,477
Income tax expense(1,405)(1,623)(5,560)(1,586)(2,239)(2,201)(2,851)
Income from continuing operations:7,6556,7271,1826,5507,3667,1248,626
Income (loss) from discontinued operations192(251)101    
Net income:7,8476,4761,2836,5507,3667,1248,626
Net loss attributable to noncontrolling interest(99)(42)(35)(23)(15)(26)(42)
Net income available to common stockholders, diluted:7,7486,4341,2486,5277,3517,0988,584

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:7,8476,4761,2836,5507,3667,1248,626
Other comprehensive income181253     
Other undisclosed comprehensive income (loss)(1,399)(2,300)938(1,044)(4,415)(2,350)(50)
Comprehensive income:6,6294,4292,2215,5062,9514,7748,576
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(95)(73)(10)3(21)39
Other undisclosed comprehensive loss, net of tax, attributable to parent      (78)
Comprehensive income, net of tax, attributable to parent:6,6314,3342,1485,4962,9544,7538,537

Statements sources

The financial statements are based on the company's filings with the 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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