Coca-Cola Consolidated, Inc. (COKE) financial statements (2020 and earlier)

Company profile

Business Address 4100 COCA COLA PLZ
CHARLOTTE, NC 28211
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2019
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 investments1014172255912
Cash and cash equivalents1014172255912
Receivables482473454335213148121
Inventory, net of allowances, customer advances and progress billings226210184144897162
Inventory226210184144897162
Prepaid expense4736    
Deferred tax assets    (4)(1)
Other undisclosed current assets1089510494786346
Total current assets:830797795594436287239
Noncurrent Assets
Finance lease, right-of-use asset18
Operating lease, right-of-use asset111
Property, plant and equipment9979911,031813526358303
Long-term investments and receivables   22   
Long-term investments   22   
Intangible assets, net (including goodwill)166166169923782684106
Goodwill166166169145118106102
Intangible assets, net (excluding goodwill)   7786645784
Other noncurrent assets11311511686676159
Other undisclosed noncurrent assets891941962124043570
Total noncurrent assets:2,2972,2132,2781,8561,4151,1461,037
TOTAL ASSETS:3,1273,0103,0732,4491,8511,4331,276
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities489481460315240170112
Accounts payable1871521971178359 
Accrued liabilities2092501861341046978
Employee-related liabilities88727261503932
Taxes payable      3
Interest and dividends payable565434 
Debt249887626
Due to related parties1091121711357951 
Other undisclosed current liabilities      71
Total current liabilities:622602639458327227209
Noncurrent Liabilities
Long-term debt and lease obligation1,1451,1311,123948673497438
Long-term debt, excluding current maturities1,0301,1041,088907624445379
Finance lease, liability17
Capital lease obligations273541495359
Operating lease, liability98
Liabilities, other than long-term debt783822851680529511370
Pension and other postretirement defined benefit plans, liabilities91
Accounts payable and accrued liabilities     15 
Deferred tax liabilities, net127112175147140153
Liability, pension and other postretirement and postemployment benefits11586118127115134
Other liabilities669609621379267177126
Business combination, contingent consideration, liability     44
Other undisclosed noncurrent liabilities125    (59) 
Total noncurrent liabilities:2,0541,9531,9751,6291,202949807
Total liabilities:2,6762,5552,6142,0861,5281,1761,016
Stockholders' equity
Stockholders' equity attributable to parent, including:347358367277243184191
Common stock     1010
Treasury stock, value     (61)(61)
Additional paid in capital129124120117113111109
Accumulated other comprehensive loss(115)(77)(94)(93)(82)(90)(58)
Retained earnings381359389302261211189
Other undisclosed stockholders' equity attributable to parent(48)(48)(48)(48)(48)22
Stockholders' equity attributable to noncontrolling interest104979286797369
Total stockholders' equity:451455459363322257260
TOTAL LIABILITIES AND EQUITY:3,1273,0103,0732,4491,8511,4331,276

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,8274,6254,3243,1562,3061,7461,641
Revenue, net4,3243,1562,3061,7461,641
Cost of revenue
(Cost of Goods and Services Sold)
(3,156)(3,070)(2,783)(1,941)(1,405)(1,041)(983)
Gross profit:1,6711,5561,5411,216901705659
Operating expenses(1,490)(1,498)(1,445)(1,088)(803)(681)(585)
Other undisclosed operating income (loss)     62(0)
Operating income:1815896128988674
Nonoperating income (expense)(101)(21)917(1) 
Investment income, nonoperating 1013(1)11  
Other nonoperating income (expense)(101)(31)(4)2(4)(1) 
Interest and debt expense(46)(51)(42)(36)(29)(29)(29)
Income (loss) from continuing operations before equity method investments, income taxes:34(13)6393765644
Other undisclosed income from continuing operations before income taxes    23  
Income (loss) from continuing operations before income taxes:34(13)6393995644
Income tax expense (benefit)(16)(2)40(36)(34)(20)(12)
Net income (loss):19(15)10357653632
Net loss attributable to noncontrolling interest(7)(5)(6)(7)(6)(5)(4)
Net income (loss) attributable to parent:11(20)9750593128
Other undisclosed net income (loss) available to common stockholders, basic(3)5(23)(12)(14)(7) 
Net income (loss) available to common stockholders, basic:9(15)7438452428
Other undisclosed net income (loss) available to common stockholders, diluted3(5)2312147 
Net income (loss) available to common stockholders, diluted:11(20)9750593128

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):19(15)10357653632
Other comprehensive income (loss)(18)17(1)(10)8(32)36
Comprehensive income:121024673468
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(5)(6)(7)(6)(5)4
Other undisclosed comprehensive loss, net of tax, attributable to parent      (9)
Comprehensive income (loss), net of tax, attributable to parent:(7)(3)954067(0)64

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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