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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,56210,9268,5667,94710,95115,358
Cash and cash equivalents9,5199,6846,7956,4808,9266,006
Short-term investments1,0431,2421,7711,4672,0259,352
Receivables3,4873,5123,1443,9713,3963,667
Inventory, net of allowances, customer advances and progress billings4,2333,4143,2663,3792,7662,655
Inventory4,2333,4143,2663,3792,7662,655
Prepaid expense 355783555495
Disposal group, including discontinued operation241249  6,5467,329
Asset, held-for-sale, not part of disposal group      219
Other undisclosed current assets4,0334,3874,1815,0596,9217,222
Total current assets:22,59122,54519,24020,41130,63436,545
Noncurrent Assets
Property, plant and equipment9,8419,92010,77710,8388,2328,203
Long-term investments and receivables18,26417,59819,27319,02519,40720,999
Long-term investments18,26417,59819,27319,02519,40720,999
Intangible assets, net (including goodwill)33,63134,61327,90126,65617,16416,530
Goodwill18,78219,36317,50616,76410,2639,401
Intangible assets, net (excluding goodwill)14,84915,25010,3959,8926,9017,129
Disposal group, including discontinued operation, noncurrent assets      
Deferred income tax assets1,7462,1292,460 
Other noncurrent assets6,1896,7316,1846,0754,1394,560
Deferred tax assets, net2,667 
Other undisclosed noncurrent assets5018181,4613,3769731,059
Total noncurrent assets:70,17271,80968,05665,97052,58251,351
TOTAL ASSETS:92,76394,35487,29686,38183,21687,896
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15,74914,61911,14511,3128,9328,748
Taxes payable686443442315347
Accounts payable 6,2415,7204,6543,8042,4982,288
Accrued liabilities8,4217,8485,2825,8945,1395,179
Other undisclosed accounts payable and accrued liabilities1,0873657661,172980934
Debt2,7724,6452,66814,54118,06016,229
Other undisclosed current liabilities1,2036867881,1202,2312,217
Total current liabilities:19,72419,95014,60126,97329,22327,194
Noncurrent Liabilities
Long-term debt and lease obligation36,37738,11640,12528,62725,36431,182
Long-term debt, excluding current maturities36,37738,11640,12527,51625,36431,182
Liabilities, other than long-term debt10,83611,42811,2868,5109,57110,543
Deferred tax liabilities, net1,9332,522
Deferred income tax liabilities2,9142,8211,833 
Other liabilities7,9228,6079,4538,5107,6388,021
Operating lease, liability    1,111
Other undisclosed noncurrent liabilities    1,173  
Total noncurrent liabilities:47,21349,54451,41138,31034,93541,725
Total liabilities:66,93769,49466,01265,28364,15868,919
Equity
Equity, attributable to parent24,10522,99919,29918,98116,98117,072
Common stock1,7601,7601,7601,7601,7601,760
Treasury stock, value(52,601)(51,641)(52,016)(52,244)(51,719)(50,677)
Additional paid in capital18,82218,11617,60117,15416,52015,864
Accumulated other comprehensive loss(14,895)(14,330)(14,601)(13,544)(12,814)(10,305)
Retained earnings71,01969,09466,55565,85563,23460,430
Equity, attributable to noncontrolling interest1,7211,8611,9852,1172,0771,905
Total equity:25,82624,86021,28421,09819,05818,977
TOTAL LIABILITIES AND EQUITY:92,76394,35487,29686,38183,21687,896

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues43,00438,65533,01437,26631,85635,410
Revenue, net35,410
Revenue from related parties16,084    
Cost of revenue
(Cost of Goods and Services Sold)
(18,000)(15,357)(13,433)(14,619)(11,770)(13,256)
Gross profit:25,00423,29819,58122,64720,08622,154
Operating expenses(14,095)(12,990)(10,584)(12,561)(11,386)(12,496)
Other undisclosed operating loss      (2,157)
Operating income:10,90910,3088,99710,0868,7007,501
Nonoperating income (expense)1872,2761,211597(439)(989)
Investment income, nonoperating449276370563682677
Other nonoperating income (expense)(262)2,00084134(1,121)(1,666)
Interest and debt expense(882)(1,597)(1,437)(946)(919)(841)
Income from continuing operations before equity method investments, income taxes:10,21410,9878,7719,7377,3425,671
Income from equity method investments1,4721,4389781,0491,0081,071
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:11,68612,4259,74910,7868,3506,742
Income tax expense(2,115)(2,621)(1,981)(1,801)(1,623)(5,560)
Income from continuing operations:9,5719,8047,7688,9856,7271,182
Income before gain (loss) on sale of properties:9,8047,7688,9856,4761,283
Income (loss) from discontinued operations     (251)101
Net income:9,5719,8047,7688,9856,4761,283
Net loss attributable to noncontrolling interest(29)(33)(21)(65)(42)(35)
Net income available to common stockholders, diluted:9,5429,7717,7478,9206,4341,248

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:9,5719,8047,7688,9856,4761,283
Other comprehensive income (loss)(565)(199)155115253 
Other undisclosed comprehensive income (loss)(118)336(1,365)(236)(2,300)938
Comprehensive income:8,8889,9416,5588,8644,4292,221
Comprehensive income (loss), net of tax, attributable to noncontrolling interest89101132(110)(95)(73)
Comprehensive income, net of tax, attributable to parent:8,97710,0426,6908,7544,3342,148

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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