Coca-Cola Consolidated, Inc. (COKE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5510141722559
Cash and cash equivalents5510141722559
Receivables453482473454335213148
Inventory, net of allowances, customer advances and progress billings2262262101841448971
Inventory2262262101841448971
Prepaid expense84736   
Derivative instruments and hedges, assets2      
Disposal group, including discontinued operation6      
Deferred tax assets    (4)
Other undisclosed current assets10010895104947863
Total current assets:851830797795594436287
Noncurrent Assets
Finance lease, right-of-use asset7018
Operating lease, right-of-use asset134111
Property, plant and equipment1,0239979911,031813526358
Long-term investments and receivables    22  
Long-term investments    22  
Intangible assets, net (including goodwill)166166166169923782684
Goodwill166166166169145118106
Intangible assets, net (excluding goodwill)    778664578
Other noncurrent assets112113115116866761
Other undisclosed noncurrent assets867891941962124043
Total noncurrent assets:2,3712,2972,2132,2781,8561,4151,146
TOTAL ASSETS:3,2223,1273,0103,0732,4491,8511,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities514489481460315240170
Accounts payable2181871521971178359
Accrued liabilities20520925018613410469
Employee-related liabilities88887272615039
Interest and dividends payable4565434
Debt262498876
Due to related parties1071091121711357951
Total current liabilities:647622602639458327227
Noncurrent Liabilities
Long-term debt and lease obligation1,1301,1451,1311,123948673497
Long-term debt, excluding current maturities9401,0301,1041,088907624445
Finance lease, liability7017
Capital lease obligations2735414953
Operating lease, liability12098
Liabilities, other than long-term debt932783822851680529511
Accounts payable and accrued liabilities      15
Deferred tax liabilities, net127112175147140
Deferred income tax liabilities139 
Liability, pension and other postretirement and postemployment benefits11311586118127115134
Other liabilities679669609621379267177
Business combination, contingent consideration, liability      44
Other undisclosed noncurrent liabilities 125    (59)
Total noncurrent liabilities:2,0622,0541,9531,9751,6291,202949
Total liabilities:2,7092,6762,5552,6142,0861,5281,176
Stockholders' equity
Stockholders' equity attributable to parent, including:513347358367277243184
Common stock      10
Treasury stock, value      (61)
Additional paid in capital136129124120117113111
Accumulated other comprehensive loss(119)(115)(77)(94)(93)(82)(90)
Retained earnings544381359389302261211
Other undisclosed stockholders' equity attributable to parent(48)(48)(48)(48)(48)(48)2
Stockholders' equity attributable to noncontrolling interest 1049792867973
Total stockholders' equity:513451455459363322257
TOTAL LIABILITIES AND EQUITY:3,2223,1273,0103,0732,4491,8511,433

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,0074,8274,6254,3243,1562,3061,746
Revenue, net4,3243,1562,3061,746
Cost of revenue
(Cost of Goods and Services Sold)
(3,238)(3,156)(3,070)(2,783)(1,941)(1,405)(1,041)
Gross profit:1,7691,6711,5561,5411,216901705
Operating expenses(1,456)(1,490)(1,498)(1,445)(1,088)(803)(681)
Other undisclosed operating income      62
Operating income:31318158961289886
Nonoperating income (expense)(36)(101)(21)917(1)
Investment income, nonoperating  1013(1)11 
Other nonoperating income (expense)(36)(101)(31)(4)2(4)(1)
Interest and debt expense(37)(46)(51)(42)(36)(29)(29)
Income (loss) from continuing operations before equity method investments, income taxes:24134(13)63937656
Other undisclosed income from continuing operations before income taxes     23 
Income (loss) from continuing operations before income taxes:24134(13)63939956
Income tax expense (benefit)(59)(16)(2)40(36)(34)(20)
Net income (loss):18219(15)103576536
Net loss attributable to noncontrolling interest(10)(7)(5)(6)(7)(6)(5)
Net income (loss) attributable to parent:17211(20)97505931
Other undisclosed net income (loss) available to common stockholders, basic (3)5(23)(12)(14)(7)
Net income (loss) available to common stockholders, basic:1729(15)74384524
Other undisclosed net income (loss) available to common stockholders, diluted 3(5)2312147
Net income (loss) available to common stockholders, diluted:17211(20)97505931

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):18219(15)103576536
Other comprehensive income (loss)(4)(18)17(1)(10)8(32)
Comprehensive income:1781210246734
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(7)(5)(6)(7)(6)(5)
Comprehensive income (loss), net of tax, attributable to parent:168(7)(3)954067(0)

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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