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Analysis of Financial Statements – Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners’ Equity 21,098

Analysis of Financial Statements – Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners’ Equity 21,098

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...
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THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31, Net Operating Revenues Cost of goods sold Gross Profit Selling, general and administrative expenses 2019 2018 2017 37,266 S 34,300 S 36,212 14,619 13,067 13,721 22,647 21,233 22,491 12,103 11,002 12,834 458 1,079 1,902 Other operating charges 10,086 9,152 7,755 Operating Income Interest income 563 689 679 946 950 853 Interest expense Equity income (loss)-net 1,049 1,008 1,072 34 (1,674) (1,763) Other income (loss)- net 10,786 8,225 6,890 Income Before Income Taxes 1,801 1,749 5,607 Income taxes 8,985 6,476 1,283 Consolidated Net Income 42 35 Less: Net income (loss) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company 65 8,920 S 6,434 S 1,248 2.09 S 1.51 $ 0.29 Basic Net Income Per Share 2.07 S 1.50 $ 0.29 Diluted Net Income Per Shard 4,276 4,259 4,272 Average Shares Outstanding- Basic 38 40 52 Effect of dilutive securities 4,314 4,299 4,324 Average Shares Outstanding --- Diluted Calculated based on net income attributable to shareowners of The Coca-Cola Company. Refer to Notes to Consolidated Financial Statements. 2019 2018 December 31, ASSETS Current Assets 6,480 S 9,077 Cash and cash equivalents Short-term investments 1,467 2,025 7,947 11,102 Total Cash, Cash Equivalents and Short-Term Investments 3,228 5,013 Marketable securities 3,971 3,685 Trade accounts receivable, less allowances of $524 and $501, respectively 3,379 3,071 Inventories 1,886 2,059 Prepaid expenses and other assets 20,411 24,930 Total Current Assets 19,025 19,412 Equity method investments 854 867 Other investments 6,075 4,148 Other assets 2,412 2,674 Deferred income tax assets 10,838 9,598 Property, plant and equipment-net Trademarks with indefinite lives 9,266 6,682 109 51 Bottlers' franchise rights with indefinite lives 16,764 14,109 Goodwill 627 745 Other intangible assets 86,381 S 83,216 Total Assets LIABILITIES AND EQUITY Current Liabilities 9,533 13,835 11,312 S Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt 10,994 4,253 5,003 414 411 Accrued income taxes 28,782 25,376 26,973 Total Current Liabilities 27,516 Long-term debt 8,510 7,646 Other liabilities 2,284 2,354 Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, S0.25 par value; authorized- 11,200 shares; issued-7,040 shares Capital surplus Reinvested eamings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,760 and 2,772 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity 1,760 1,760 17,154 65,855 16520 63,234 (12,814) (13,544) (52,244) (51,719) 16,981 2,077 18,981 2,117 21,098 19,058 86,381 S 83,216 Total Liabilities and Equity
Transcribed Image Text:THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31, Net Operating Revenues Cost of goods sold Gross Profit Selling, general and administrative expenses 2019 2018 2017 37,266 S 34,300 S 36,212 14,619 13,067 13,721 22,647 21,233 22,491 12,103 11,002 12,834 458 1,079 1,902 Other operating charges 10,086 9,152 7,755 Operating Income Interest income 563 689 679 946 950 853 Interest expense Equity income (loss)-net 1,049 1,008 1,072 34 (1,674) (1,763) Other income (loss)- net 10,786 8,225 6,890 Income Before Income Taxes 1,801 1,749 5,607 Income taxes 8,985 6,476 1,283 Consolidated Net Income 42 35 Less: Net income (loss) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company 65 8,920 S 6,434 S 1,248 2.09 S 1.51 $ 0.29 Basic Net Income Per Share 2.07 S 1.50 $ 0.29 Diluted Net Income Per Shard 4,276 4,259 4,272 Average Shares Outstanding- Basic 38 40 52 Effect of dilutive securities 4,314 4,299 4,324 Average Shares Outstanding --- Diluted Calculated based on net income attributable to shareowners of The Coca-Cola Company. Refer to Notes to Consolidated Financial Statements. 2019 2018 December 31, ASSETS Current Assets 6,480 S 9,077 Cash and cash equivalents Short-term investments 1,467 2,025 7,947 11,102 Total Cash, Cash Equivalents and Short-Term Investments 3,228 5,013 Marketable securities 3,971 3,685 Trade accounts receivable, less allowances of $524 and $501, respectively 3,379 3,071 Inventories 1,886 2,059 Prepaid expenses and other assets 20,411 24,930 Total Current Assets 19,025 19,412 Equity method investments 854 867 Other investments 6,075 4,148 Other assets 2,412 2,674 Deferred income tax assets 10,838 9,598 Property, plant and equipment-net Trademarks with indefinite lives 9,266 6,682 109 51 Bottlers' franchise rights with indefinite lives 16,764 14,109 Goodwill 627 745 Other intangible assets 86,381 S 83,216 Total Assets LIABILITIES AND EQUITY Current Liabilities 9,533 13,835 11,312 S Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt 10,994 4,253 5,003 414 411 Accrued income taxes 28,782 25,376 26,973 Total Current Liabilities 27,516 Long-term debt 8,510 7,646 Other liabilities 2,284 2,354 Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, S0.25 par value; authorized- 11,200 shares; issued-7,040 shares Capital surplus Reinvested eamings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,760 and 2,772 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity 1,760 1,760 17,154 65,855 16520 63,234 (12,814) (13,544) (52,244) (51,719) 16,981 2,077 18,981 2,117 21,098 19,058 86,381 S 83,216 Total Liabilities and Equity
Analysis of Financial Statements - Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 Sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners' Equity 21,098
Transcribed Image Text:Analysis of Financial Statements - Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 Sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners' Equity 21,098
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