Coca-Cola Company (The) (KO) financial statements (2022 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)

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 investments10,9268,5667,94710,95115,35818,15015,631
Cash and cash equivalents9,6846,7956,4808,9266,0068,5557,309
Short-term investments1,2421,7711,4672,0259,3529,5958,322
Receivables3,5123,1443,9713,3963,6673,8563,941
Inventory, net of allowances, customer advances and progress billings3,4143,2663,3792,7662,6552,6752,902
Inventory3,4143,2663,3792,7662,6552,6752,902
Prepaid expense5783555495113207
Disposal group, including discontinued operation249  6,5467,3292,7973,900
Assets held-for-sale, not part of disposal group    219  
Other undisclosed current assets4,3874,1815,0596,9217,2226,4196,814
Total current assets:22,54519,24020,41130,63436,54534,01033,395
Noncurrent Assets
Property, plant and equipment9,92010,77710,8388,2328,20310,63512,571
Long-term investments and receivables17,59819,27319,02519,40720,99916,40012,508
Long-term investments17,59819,27319,02519,40720,99916,40012,508
Intangible assets, net (including goodwill)34,61327,90126,65617,16416,53021,00023,968
Goodwill19,36317,50616,76410,2639,40110,62911,289
Intangible assets, net (excluding goodwill)15,25010,3959,8926,9017,12910,37112,679
Deferred income tax assets2,1292,460 
Other noncurrent assets6,7316,1846,0754,1394,5604,2484,207
Deferred tax assets, net2,667   
Other undisclosed noncurrent assets8181,4613,3769731,0599773,444
Total noncurrent assets:71,80968,05665,97052,58251,35153,26056,698
TOTAL ASSETS:94,35487,29686,38183,21687,89687,27090,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14,61911,14511,3128,9328,7489,4909,660
Accounts payable5,7204,6543,8042,4982,2882,6822,795
Accrued liabilities7,8485,2825,8945,1395,1794,7795,359
Taxes payable686443442315347372444
Other undisclosed accounts payable and accrued liabilities3657661,1729809341,6571,062
Debt4,6452,66814,54118,06016,22915,85715,712
Deferred tax liabilities   743
Other undisclosed current liabilities6867881,1202,2312,2171,185815
Total current liabilities:19,95014,60126,97329,22327,19426,53226,930
Noncurrent Liabilities
Long-term debt and lease obligation38,11640,12528,62725,36431,18229,68428,407
Long-term debt, excluding current maturities38,11640,12527,51625,36431,18229,68428,407
Operating lease, liability  1,111
Liabilities, other than long-term debt11,42811,2868,5109,57110,5437,8348,992
Deferred tax liabilities, net1,9332,5223,7534,691
Deferred income tax liabilities2,8211,833 
Other liabilities8,6079,4538,5107,6388,0214,0814,301
Other undisclosed noncurrent liabilities  1,173    
Total noncurrent liabilities:49,54451,41138,31034,93541,72537,51837,399
Total liabilities:69,49466,01265,28364,15868,91964,05064,329
Stockholders' equity
Stockholders' equity attributable to parent22,99919,29918,98116,98117,07223,06225,554
Common stock1,7601,7601,7601,7601,7601,7601,760
Treasury stock, value(51,641)(52,016)(52,244)(51,719)(50,677)(47,988)(45,066)
Additional paid in capital18,11617,60117,15416,52015,86414,99314,016
Accumulated other comprehensive loss(14,330)(14,601)(13,544)(12,814)(10,305)(11,205)(10,174)
Retained earnings69,09466,55565,85563,23460,43065,50265,018
Stockholders' equity attributable to noncontrolling interest1,8611,9852,1172,0771,905158210
Total stockholders' equity:24,86021,28421,09819,05818,97723,22025,764
TOTAL LIABILITIES AND EQUITY:94,35487,29686,38183,21687,89687,27090,093

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
Revenues38,65533,01437,26631,85635,41041,86344,294
Revenue, net35,41041,86344,294
Cost of revenue
(Cost of Goods and Services Sold)
(15,357)(13,433)(14,619)(11,770)(13,256)(16,465)(17,482)
Gross profit:23,29819,58122,64720,08622,15425,39826,812
Operating expenses(12,990)(10,584)(12,561)(11,386)(12,496)(15,262)(16,427)
Other undisclosed operating loss    (2,157)(1,510)(1,657)
Operating income:10,3088,99710,0868,7007,5018,6268,728
Nonoperating income (expense)2,2761,211597(439)(989)(592)1,244
Investment income, nonoperating276370563682677642613
Other nonoperating income (expense)2,00084134(1,121)(1,666)(1,234)631
Interest and debt expense(1,597)(1,437)(946)(919)(841)(733)(856)
Income from continuing operations before equity method investments, income taxes:10,9878,7719,7377,3425,6717,3019,116
Income from equity method investments1,4389781,0491,0081,071835489
Income from continuing operations before income taxes:12,4259,74910,7868,3506,7428,1369,605
Income tax expense(2,621)(1,981)(1,801)(1,623)(5,560)(1,586)(2,239)
Income from continuing operations:9,8047,7688,9856,7271,1826,5507,366
Income (loss) from discontinued operations   (251)101  
Net income:9,8047,7688,9856,4761,2836,5507,366
Net loss attributable to noncontrolling interest(33)(21)(65)(42)(35)(23)(15)
Net income available to common stockholders, diluted:9,7717,7478,9206,4341,2486,5277,351

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:9,8047,7688,9856,4761,2836,5507,366
Other comprehensive income (loss)(199)155115253   
Other undisclosed comprehensive income (loss)336(1,365)(236)(2,300)938(1,044)(4,415)
Comprehensive income:9,9416,5588,8644,4292,2215,5062,951
Comprehensive income (loss), net of tax, attributable to noncontrolling interest101132(110)(95)(73)(10)3
Comprehensive income, net of tax, attributable to parent:10,0426,6908,7544,3342,1485,4962,954

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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