Coca-Cola Company (The) (KO) financial statements (2021 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)

12/31/2020
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 investments, including:8,5667,94710,95115,35818,15015,63118,010
Cash and cash equivalents6,7956,4808,9266,0068,5557,3098,958
Short-term investments1,7711,4672,0259,3529,5958,32212,717
Other undisclosed cash, cash equivalents, and short-term investments      (3,665)
Receivables3,1443,9713,3963,6673,8563,9414,466
Inventory, net of allowances, customer advances and progress billings3,2663,3792,7662,6552,6752,9023,100
Inventory3,2663,3792,7662,6552,6752,9023,100
Prepaid expense83555495113207228
Disposal group, including discontinued operation  6,5467,3292,7973,900679
Assets held-for-sale, not part of disposal group   219  
Other undisclosed current assets4,1815,0596,9217,2226,4196,8146,503
Total current assets:19,24020,41130,63436,54534,01033,39532,986
Noncurrent Assets
Property, plant and equipment10,77710,8388,2328,20310,63512,57114,633
Long-term investments and receivables19,27319,02519,40720,99916,40012,50810,113
Long-term investments19,27319,02519,40720,99916,40012,50810,113
Intangible assets, net (including goodwill)27,90126,65617,16416,53021,00023,96826,202
Goodwill17,50616,76410,2639,40110,62911,28912,100
Intangible assets, net (excluding goodwill)10,3959,8926,9017,12910,37112,67914,102
Deferred income tax assets2,460 
Other noncurrent assets6,1846,0754,1394,5604,2484,2074,407
Deferred tax assets, net2,667    
Other undisclosed noncurrent assets1,4613,3769731,0599773,4443,682
Total noncurrent assets:68,05665,97052,58251,35153,26056,69859,037
TOTAL ASSETS:87,29686,38183,21687,89687,27090,09392,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11,14511,3128,9328,7489,4909,6609,234
Accounts payable4,6543,8042,4982,2882,6822,7952,089
Accrued liabilities5,2825,8945,1395,1794,7795,3595,285
Taxes payable443442315347372444511
Other undisclosed accounts payable and accrued liabilities7661,1729809341,6571,0621,349
Debt2,66814,54118,06016,22915,85715,71222,562
Deferred tax liabilities   743450
Customer advances and deposits   352
Other undisclosed current liabilities7881,1202,2312,2171,185815(224)
Total current liabilities:14,60126,97329,22327,19426,53226,93032,374
Noncurrent Liabilities
Long-term debt and lease obligation40,12528,62725,36431,18229,68428,40719,063
Long-term debt, excluding current maturities40,12527,51625,36431,18229,68428,40719,063
Operating lease, liability 1,111
Liabilities, other than long-term debt11,2868,5109,57110,5437,8348,99210,025
Deferred tax liabilities, net1,9332,5223,7534,6915,636
Deferred income tax liabilities1,833 
Other liabilities9,4538,5107,6388,0214,0814,3014,389
Other undisclosed noncurrent liabilities 1,173     
Total noncurrent liabilities:51,41138,31034,93541,72537,51837,39929,088
Total liabilities:66,01265,28364,15868,91964,05064,32961,462
Stockholders' equity
Stockholders' equity attributable to parent19,29918,98116,98117,07223,06225,55430,320
Common stock1,7601,7601,7601,7601,7601,7601,760
Treasury stock, value(52,016)(52,244)(51,719)(50,677)(47,988)(45,066)(42,225)
Additional paid in capital17,60117,15416,52015,86414,99314,01613,154
Accumulated other comprehensive loss(14,601)(13,544)(12,814)(10,305)(11,205)(10,174)(5,777)
Retained earnings66,55565,85563,23460,43065,50265,01863,408
Stockholders' equity attributable to noncontrolling interest1,9852,1172,0771,905158210241
Total stockholders' equity:21,28421,09819,05818,97723,22025,76430,561
TOTAL LIABILITIES AND EQUITY:87,29686,38183,21687,89687,27090,09392,023

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
Revenues33,01437,26631,85635,41041,86344,29445,998
Revenue, net35,41041,86344,29445,998
Cost of revenue
(Cost of Goods and Services Sold)
(13,433)(14,619)(11,770)(13,256)(16,465)(17,482)(20,589)
Other undisclosed gross profit      2,700
Gross profit:19,58122,64720,08622,15425,39826,81228,109
Operating expenses(10,584)(12,561)(11,386)(12,496)(15,262)(16,427)(17,880)
Other undisclosed operating loss   (2,157)(1,510)(1,657)(521)
Operating income:8,99710,0868,7007,5018,6268,7289,708
Nonoperating income (expense)1,211597(439)(989)(592)1,244(1,046)
Investment income, nonoperating370563682677642613632
Foreign currency transaction loss, before tax      (415)
Other nonoperating income (expense)84134(1,121)(1,666)(1,234)631(1,263)
Interest and debt expense(1,437)(946)(919)(841)(733)(856)(483)
Income from continuing operations before equity method investments, income taxes:8,7719,7377,3425,6717,3019,1168,179
Income from equity method investments9781,0491,0081,071835489769
Other undisclosed income from continuing operations before income taxes      377
Income from continuing operations before income taxes:9,74910,7868,3506,7428,1369,6059,325
Income tax expense(1,981)(1,801)(1,623)(5,560)(1,586)(2,239)(2,201)
Income from continuing operations:7,7688,9856,7271,1826,5507,3667,124
Income (loss) from discontinued operations  (251)101   
Net income:7,7688,9856,4761,2836,5507,3667,124
Net loss attributable to noncontrolling interest(21)(65)(42)(35)(23)(15)(26)
Net income available to common stockholders, diluted:7,7478,9206,4341,2486,5277,3517,098

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:7,7688,9856,4761,2836,5507,3667,124
Other comprehensive income155115253    
Other undisclosed comprehensive income (loss)(1,365)(236)(2,300)938(1,044)(4,415)(2,350)
Comprehensive income:6,5588,8644,4292,2215,5062,9514,774
Comprehensive income (loss), net of tax, attributable to noncontrolling interest132(110)(95)(73)(10)3(21)
Comprehensive income, net of tax, attributable to parent:6,6908,7544,3342,1485,4962,9544,753

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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