Coca-Cola Company (The) (KO) Financial Statements (2024 and earlier)

Company Profile

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

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,36310,56210,9268,5667,94710,951
Cash and cash equivalents9,3669,5199,6846,7956,4808,926
Short-term investments2,9971,0431,2421,7711,4672,025
Receivables3,4103,4873,5123,1443,9713,396
Inventory, net of allowances, customer advances and progress billings4,4244,2333,4143,2663,3792,766
Inventory4,4244,2333,4143,2663,3792,766
Prepaid expense 433557835554
Disposal group, including discontinued operation 132241249  6,546
Other undisclosed current assets6,3604,0334,3874,1815,0596,921
Total current assets:26,73222,59122,54519,24020,41130,634
Noncurrent Assets
Property, plant and equipment9,2369,8419,92010,77710,8388,232
Long-term investments and receivables19,67118,26417,59819,27319,02519,407
Long-term investments19,67118,26417,59819,27319,02519,407
Intangible assets, net (including goodwill)33,22333,63134,61327,90126,65617,164
Goodwill18,35818,78219,36317,50616,76410,263
Intangible assets, net (excluding goodwill)14,86514,84915,25010,3959,8926,901
Deferred income tax assets1,5611,7462,1292,460 
Other noncurrent assets7,1626,1896,7316,1846,0754,139
Deferred tax assets, net2,667
Other undisclosed noncurrent assets1185018181,4613,376973
Total noncurrent assets:70,97170,17271,80968,05665,97052,582
TOTAL ASSETS:97,70392,76394,35487,29686,38183,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15,48515,74914,61911,14511,3128,932
Taxes payable686443442315
Accounts payable 5,5906,2415,7204,6543,8042,498
Accrued liabilities8,5018,4217,8485,2825,8945,139
Other undisclosed accounts payable and accrued liabilities1,3941,0873657661,172980
Debt6,5172,7724,6452,66814,54118,060
Other undisclosed current liabilities1,5691,2036867881,1202,231
Total current liabilities:23,57119,72419,95014,60126,97329,223
Noncurrent Liabilities
Long-term debt and lease obligation35,54736,37738,11640,12528,62725,364
Long-term debt, excluding current maturities35,54736,37738,11640,12527,51625,364
Liabilities, other than long-term debt11,10510,83611,42811,2868,5109,571
Deferred tax liabilities, net1,933
Deferred income tax liabilities2,6392,9142,8211,833 
Other liabilities8,4667,9228,6079,4538,5107,638
Operating lease, liability     1,111
Other undisclosed noncurrent liabilities     1,173 
Total noncurrent liabilities:46,65247,21349,54451,41138,31034,935
Total liabilities:70,22366,93769,49466,01265,28364,158
Equity
Equity, attributable to parent25,94124,10522,99919,29918,98116,981
Common stock1,7601,7601,7601,7601,7601,760
Treasury stock, value(54,535)(52,601)(51,641)(52,016)(52,244)(51,719)
Additional paid in capital19,20918,82218,11617,60117,15416,520
Accumulated other comprehensive loss(14,275)(14,895)(14,330)(14,601)(13,544)(12,814)
Retained earnings73,78271,01969,09466,55565,85563,234
Equity, attributable to noncontrolling interest1,5391,7211,8611,9852,1172,077
Total equity:27,48025,82624,86021,28421,09819,058
TOTAL LIABILITIES AND EQUITY:97,70392,76394,35487,29686,38183,216

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues45,75443,00438,65533,01437,26631,856
Revenue from related parties16,084    
Cost of revenue
(Cost of Goods and Services Sold)
(18,520)(18,000)(15,357)(13,433)(14,619)(11,770)
Gross profit:27,23425,00423,29819,58122,64720,086
Operating expenses(15,923)(14,095)(12,990)(10,584)(12,561)(11,386)
Operating income:11,31110,90910,3088,99710,0868,700
Nonoperating income (expense)1,4771872,2761,211597(439)
Investment income, nonoperating907449276370563682
Other nonoperating income (expense)570(262)2,00084134(1,121)
Interest and debt expense(1,527)(882)(1,597)(1,437)(946)(919)
Income from continuing operations before equity method investments, income taxes:11,26110,21410,9878,7719,7377,342
Income from equity method investments1,6911,4721,4389781,0491,008
Income from continuing operations before income taxes:12,95211,68612,4259,74910,7868,350
Income tax expense(2,249)(2,115)(2,621)(1,981)(1,801)(1,623)
Income from continuing operations:10,7039,5719,8047,7688,9856,727
Income before gain (loss) on sale of properties:9,8047,7688,9856,476
Loss from discontinued operations      (251)
Net income:10,7039,5719,8047,7688,9856,476
Net income (loss) attributable to noncontrolling interest11(29)(33)(21)(65)(42)
Net income available to common stockholders, diluted:10,7149,5429,7717,7478,9206,434

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:10,7039,5719,8047,7688,9856,476
Other comprehensive income (loss)620(565)(199)155115253
Other undisclosed comprehensive income (loss)(147)(118)336(1,365)(236)(2,300)
Comprehensive income:11,1768,8889,9416,5588,8644,429
Comprehensive income (loss), net of tax, attributable to noncontrolling interest15889101132(110)(95)
Comprehensive income, net of tax, attributable to parent:11,3348,97710,0426,6908,7544,334

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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