Coca-Cola Consolidated, Inc. (COKE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142551014172255
Cash and cash equivalents142551014172255
Receivables513453482473454335213
Inventory, net of allowances, customer advances and progress billings30322622621018414489
Inventory30322622621018414489
Prepaid expense484736  
Derivative instruments and hedges, assets82     
Disposal group, including discontinued operation76     
Other undisclosed current assets100100108951049478
Total current assets:1,077851830797795594436
Noncurrent Assets
Finance lease, right-of-use asset647018
Operating lease, right-of-use asset140134111
Property, plant and equipment1,0311,0239979911,031813526
Long-term investments and receivables     22 
Long-term investments     22 
Intangible assets, net (including goodwill)166166166166169923782
Goodwill166166166166169145118
Intangible assets, net (excluding goodwill)     778664
Other noncurrent assets1201121131151168667
Other undisclosed noncurrent assets8488678919419621240
Total noncurrent assets:2,3692,3712,2972,2132,2781,8561,415
TOTAL ASSETS:3,4463,2223,1273,0103,0732,4491,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities661514489481460315240
Accounts payable31921818715219711783
Accrued liabilities227205209250186134104
Employee-related liabilities111888872726150
Interest and dividends payable4456543
Debt626249887
Due to related parties14610710911217113579
Other undisclosed current liabilities22      
Total current liabilities:835647622602639458327
Noncurrent Liabilities
Long-term debt and lease obligation9101,1301,1451,1311,123948673
Long-term debt, excluding current maturities7239401,0301,1041,088907624
Finance lease, liability657017
Capital lease obligations27354149
Operating lease, liability12212098
Liabilities, other than long-term debt988932783822851680529
Deferred tax liabilities, net127112175147
Deferred income tax liabilities136139 
Liability, pension and other postretirement and postemployment benefits9311311586118127115
Other liabilities759679669609621379267
Other undisclosed noncurrent liabilities  125    
Total noncurrent liabilities:1,8992,0622,0541,9531,9751,6291,202
Total liabilities:2,7342,7092,6762,5552,6142,0861,528
Stockholders' equity
Stockholders' equity attributable to parent, including:760513347358367277243
Additional paid in capital136136129124120117113
Accumulated other comprehensive loss(100)(119)(115)(77)(94)(93)(82)
Retained earnings724544381359389302261
Other undisclosed stockholders' equity attributable to parent (48)(48)(48)(48)(48)(48)
Stockholders' equity attributable to noncontrolling interest  10497928679
Other undisclosed stockholders' equity(48)      
Total stockholders' equity:712513451455459363322
TOTAL LIABILITIES AND EQUITY:3,4463,2223,1273,0103,0732,4491,851

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,5635,0074,8274,6254,3243,1562,306
Revenue, net4,3243,1562,306
Cost of revenue
(Cost of Goods and Services Sold)
(3,609)(3,238)(3,156)(3,070)(2,783)(1,941)(1,405)
Gross profit:1,9541,7691,6711,5561,5411,216901
Operating expenses(1,515)(1,456)(1,490)(1,498)(1,445)(1,088)(803)
Operating income:439313181589612898
Nonoperating income (expense)(151)(36)(101)(21)917
Investment income, nonoperating   1013(1)11
Other nonoperating income (expense)(151)(36)(101)(31)(4)2(4)
Interest and debt expense(33)(37)(46)(51)(42)(36)(29)
Income (loss) from continuing operations before equity method investments, income taxes:25524134(13)639376
Other undisclosed income from continuing operations before income taxes      23
Income (loss) from continuing operations before income taxes:25524134(13)639399
Income tax expense (benefit)(66)(59)(16)(2)40(36)(34)
Net income (loss):19018219(15)1035765
Net loss attributable to noncontrolling interest (10)(7)(5)(6)(7)(6)
Net income (loss) attributable to parent:19017211(20)975059
Other undisclosed net income (loss) available to common stockholders, basic  (3)5(23)(12)(14)
Net income (loss) available to common stockholders, basic:1901729(15)743845
Other undisclosed net income (loss) available to common stockholders, diluted  3(5)231214
Net income (loss) available to common stockholders, diluted:19017211(20)975059

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):19018219(15)1035765
Other comprehensive income (loss)19(4)(18)17(1)(10)8
Comprehensive income:208178121024673
Comprehensive loss, net of tax, attributable to noncontrolling interest (10)(7)(5)(6)(7)(6)
Comprehensive income (loss), net of tax, attributable to parent:208168(7)(3)954067

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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