Cash flow The Coca-Cola Company

Equities

KO

US1912161007

Non-Alcoholic Beverages

Market Closed - Nyse Other stock markets 21:00:02 20/09/2024 BST			5-day change	1st Jan Change
71.64 ^USD	+1.44%		+0.58%	+21.57%

09-20	Africa in Business: Coca-Cola, crude and currency	RE
09-19	Coca-Cola plans to invest $1 billion in Nigeria operations, presidency says	RE

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Published financial data: THE COCA-COLA COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	37.27B	33.01B	38.66B	43B	45.75B
Total Revenues	37.27B	33.01B	38.66B	43B	45.75B
Cost of Goods Sold, Total	14.62B	13.43B	15.36B	18B	18.52B
Gross Profit	22.65B	19.58B	23.3B	25B	27.23B
Selling General & Admin Expenses, Total	12.01B	9.58B	11.87B	12.66B	13.92B
Other Operating Expenses	11M	12M	-7M	60M	-
Other Operating Expenses, Total	12.02B	9.59B	11.86B	12.72B	13.92B
Operating Income	10.62B	9.99B	11.44B	12.28B	13.31B
Interest Expense, Total	-946M	-1.44B	-1.6B	-882M	-1.53B
Interest And Investment Income	625M	442M	349M	560M	1.12B
Net Interest Expenses	-321M	-995M	-1.25B	-322M	-412M
Income (Loss) On Equity Invest.	1.05B	978M	1.44B	1.47B	1.69B
Currency Exchange Gains (Loss)	-120M	-64M	-61M	-236M	-312M
Other Non Operating Income (Expenses)	-326M	-38M	-15M	135M	-60M
EBT, Excl. Unusual Items	10.91B	9.87B	11.55B	13.33B	14.22B
Restructuring Charges	-264M	-760M	-646M	-116M	-325M
Merger & Related Restructuring Charges	-46M	-	-119M	-38M	-15M
Impairment of Goodwill	-	-14M	-7M	-	-
Gain (Loss) On Sale Of Investments	-117M	767M	2.11B	-491M	344M
Gain (Loss) On Sale Of Assets	829M	-	-	-	439M
Asset Writedown	-202M	-55M	-78M	-	-
Legal Settlements	-	-	-15M	-	-8M
Other Unusual Items	-321M	-60M	-372M	-1B	-1.7B
EBT, Incl. Unusual Items	10.79B	9.75B	12.42B	11.69B	12.95B
Income Tax Expense	1.8B	1.98B	2.62B	2.12B	2.25B
Earnings From Continuing Operations	8.98B	7.77B	9.8B	9.57B	10.7B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	8.98B	7.77B	9.8B	9.57B	10.7B
Minority Interest	-65M	-21M	-33M	-29M	11M
Net Income - (IS)	8.92B	7.75B	9.77B	9.54B	10.71B
Net Income to Common Incl Extra Items	8.92B	7.75B	9.77B	9.54B	10.71B
Net Income to Common Excl. Extra Items	8.92B	7.75B	9.77B	9.54B	10.71B
Per Share Items
Net EPS - Basic	2.09	1.8	2.26	2.2	2.48
Basic EPS - Continuing Operations	2.09	1.8	2.26	2.2	2.48
Basic Weighted Average Shares Outstanding	4.28B	4.3B	4.32B	4.33B	4.32B
Net EPS - Diluted	2.07	1.79	2.25	2.19	2.47
Diluted EPS - Continuing Operations	2.07	1.79	2.25	2.19	2.47
Diluted Weighted Average Shares Outstanding	4.31B	4.32B	4.34B	4.35B	4.34B
Normalized Basic EPS	1.58	1.43	1.67	1.92	2.06
Normalized Diluted EPS	1.57	1.42	1.66	1.91	2.05
Dividend Per Share	1.6	1.64	1.68	1.76	1.84
Payout Ratio	76.74	90.96	74.22	79.82	74.22
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	11.99B	11.53B	12.89B	13.54B	14.44B
EBITA	10.74B	10.19B	11.6B	12.4B	13.41B
EBIT	10.62B	9.99B	11.44B	12.28B	13.31B
EBITDAR	12.32B	11.88B	13.23B	13.94B	14.84B
Effective Tax Rate - (Ratio)	16.7	20.32	21.09	18.1	17.36
Current Domestic Taxes	602M	692M	349M	586M	212M
Current Foreign Taxes	1.48B	1.31B	1.38B	1.65B	2.04B
Total Current Taxes	2.08B	2B	1.73B	2.24B	2.25B
Deferred Domestic Taxes	-13M	-199M	219M	-125M	-213M
Deferred Foreign Taxes	-267M	181M	675M	3M	211M
Total Deferred Taxes	-280M	-18M	894M	-122M	-2M
Normalized Net Income	6.75B	6.15B	7.19B	8.3B	8.9B
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	-106M	-156M	-158M	-217M	26M
Supplemental Operating Expense Items
Advertising Expense	4.25B	2.78B	4.1B	4.32B	5.01B
Selling and Marketing Expenses	4.25B	2.78B	4.1B	4.32B	5.01B
Net Rental Expense, Total	327M	353M	342M	397M	397M
Imputed Operating Lease Interest Expense	55.97M	91.61M	98.56M	64.75M	112M
Imputed Operating Lease Depreciation	271M	261M	243M	332M	285M
Stock-Based Comp., SG&A Exp. (Total)	201M	126M	337M	356M	254M
Stock-Based Comp., Other (Total)	-	15M	-	-	-
Total Stock-Based Compensation	201M	141M	337M	356M	254M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.48B	6.8B	9.68B	9.52B	9.37B
Short Term Investments	4.7B	4.12B	2.94B	2.11B	4.3B
Trading Asset Securities, Total	10M	-	1M	-	-
Total Cash And Short Term Investments	11.18B	10.91B	12.63B	11.63B	13.66B
Accounts Receivable, Total	3.97B	3.14B	3.51B	3.49B	3.41B
Total Receivables	3.97B	3.14B	3.51B	3.49B	3.41B
Inventory	3.38B	3.27B	3.41B	4.23B	4.42B
Prepaid Expenses	1.82B	1.76B	1.98B	2.13B	2.61B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	306M	326M
Other Current Assets, Total	57M	152M	1.02B	808M	2.3B
Total Current Assets	20.41B	19.24B	22.54B	22.59B	26.73B
Gross Property Plant And Equipment	20.29B	21.25B	20.28B	20.48B	19.8B
Accumulated Depreciation	-8.08B	-8.92B	-8.94B	-9.23B	-9.23B
Net Property Plant And Equipment	12.21B	12.32B	11.34B	11.25B	10.56B
Long-term Investments	21.73B	22.31B	20.54B	20.29B	21.64B
Goodwill	16.76B	17.51B	19.36B	18.78B	18.36B
Other Intangibles, Total	10B	11.04B	15.25B	14.85B	14.86B
Deferred Tax Assets Long-Term	2.41B	2.46B	2.13B	1.75B	1.56B
Other Long-Term Assets, Total	2.85B	2.41B	3.19B	3.26B	3.98B
Total Assets	86.38B	87.3B	94.35B	92.76B	97.7B
Liabilities
Accounts Payable, Total	3.8B	3.52B	4.6B	5.31B	5.59B
Accrued Expenses, Total	7.08B	5.92B	8.53B	8.16B	8.52B
Short-term Borrowings	10.99B	2.18B	3.31B	2.37B	4.56B
Current Portion of Long-Term Debt	4.25B	490M	1.34B	399M	1.96B
Current Portion of Leases	281M	322M	310M	341M	361M
Current Income Taxes Payable	414M	788M	686M	1.2B	1.57B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	151M	1.38B	1.17B	1.94B	1B
Total Current Liabilities	26.97B	14.6B	19.95B	19.72B	23.57B
Long-Term Debt	27.54B	40.12B	38.13B	38.05B	36.66B
Long-Term Leases	1.11B	1.3B	1.16B	1.11B	1B
Pension & Other Post Retirement Benefits	2B	2.16B	1.41B	855M	877M
Deferred Tax Liability Non Current	2.28B	1.83B	2.82B	2.91B	2.64B
Other Non Current Liabilities	5.38B	5.99B	6.02B	4.28B	5.48B
Total Liabilities	65.28B	66.01B	69.49B	66.94B	70.22B
Common Stock, Total	1.76B	1.76B	1.76B	1.76B	1.76B
Additional Paid In Capital	17.15B	17.6B	18.12B	18.82B	19.21B
Retained Earnings	65.86B	66.56B	69.09B	71.02B	73.78B
Treasury Stock	-52.24B	-52.02B	-51.64B	-52.6B	-54.54B
Comprehensive Income and Other	-13.54B	-14.6B	-14.33B	-14.9B	-14.28B
Total Common Equity	18.98B	19.3B	23B	24.1B	25.94B
Minority Interest	2.12B	1.98B	1.86B	1.72B	1.54B
Total Equity	21.1B	21.28B	24.86B	25.83B	27.48B
Total Liabilities And Equity	86.38B	87.3B	94.35B	92.76B	97.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.29B	4.31B	4.34B	4.33B	4.31B
ECS Total Common Shares Outstanding	4.28B	4.3B	4.32B	4.33B	4.31B
Book Value / Share	4.43	4.49	5.32	5.57	6.02
Tangible Book Value	-7.78B	-9.25B	-11.61B	-9.53B	-7.28B
Tangible Book Value Per Share	-1.82	-2.15	-2.69	-2.2	-1.69
Total Debt	44.18B	44.42B	44.25B	42.28B	44.54B
Net Debt	32.99B	33.51B	31.62B	30.65B	30.88B
Debt Equivalent of Unfunded Proj. Benefit Obligation	677M	775M	2.77B	-782M	-716M
Debt Equivalent Oper. Leases	2.62B	2.82B	2.74B	3.18B	3.18B
Minority Interest, Total (Incl. Fin. Div)	2.12B	1.98B	1.86B	1.72B	1.54B
Equity Method Investments, Total	19.02B	19.27B	17.6B	18.26B	19.67B
Account Code - Inventory Valuation	3	3	3	-	3
Inventories - Raw Materials, Total	2.18B	2.11B	2.13B	2.63B	2.62B
Inventories - Finished Goods, Total	851M	791M	982M	1.25B	1.45B
Inventories - Others	348M	369M	299M	359M	357M
Land - (BS)	659M	676M	652M	611M	229M
Buildings, Total	4.58B	4.78B	4.35B	4.43B	4.65B
Machinery, Total	13.69B	14.24B	13.86B	14.03B	13.59B
Full Time Employees	86.2K	80.3K	79K	82.5K	79.1K
Accumulated Allowance for Doubtful Accounts (Supple)	524M	526M	516M	516M	502M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.92B	7.75B	9.77B	9.54B	10.71B
Depreciation & Amortization - CF	1.24B	1.33B	1.29B	1.14B	1.03B
Amortization of Goodwill and Intangible Assets - (CF)	120M	203M	165M	120M	94M
Depreciation & Amortization, Total	1.36B	1.54B	1.45B	1.26B	1.13B
(Gain) Loss From Sale Of Asset	-467M	-914M	-1.36B	-129M	-492M
Asset Writedown & Restructuring Costs	42M	239M	85M	64M	-
(Income) Loss On Equity Investments - (CF)	-421M	-511M	-615M	-838M	-1.02B
Stock-Based Compensation (CF)	201M	126M	337M	356M	254M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	465M	931M	1.64B	1.37B	1.86B
Change In Accounts Receivable	-158M	882M	-225M	-69M	-2M
Change In Inventories	-183M	99M	-135M	-960M	-597M
Change In Accounts Payable	1.32B	-860M	2.84B	759M	841M
Change In Income Taxes	96M	-16M	-566M	-360M	-578M
Change in Other Net Operating Assets	-707M	585M	-592M	25M	-510M
Cash from Operations	10.47B	9.84B	12.62B	11.02B	11.6B
Capital Expenditure	-2.05B	-1.18B	-1.37B	-1.48B	-1.85B
Sale of Property, Plant, and Equipment	978M	189M	108M	75M	74M
Cash Acquisitions	-5.54B	-1.05B	-4.77B	-73M	-62M
Divestitures	429M	189M	2.18B	458M	430M
Investment in Marketable and Equity Securities, Total	2.27B	252M	1.03B	1.02B	-2.34B
Other Investing Activities, Total	-56M	122M	51M	-759M	405M
Cash from Investing	-3.98B	-1.48B	-2.76B	-763M	-3.35B
Long-Term Debt Issued, Total	23.01B	26.93B	13.09B	3.97B	6.89B
Total Debt Issued	23.01B	26.93B	13.09B	3.97B	6.89B
Long-Term Debt Repaid, Total	-24.85B	-28.8B	-12.87B	-4.93B	-5.03B
Total Debt Repaid	-24.85B	-28.8B	-12.87B	-4.93B	-5.03B
Issuance of Common Stock	1.01B	647M	702M	837M	539M
Repurchase of Common Stock	-1.1B	-118M	-111M	-1.42B	-2.29B
Common Dividends Paid	-6.84B	-7.05B	-7.25B	-7.62B	-7.95B
Common & Preferred Stock Dividends Paid	-6.84B	-7.05B	-7.25B	-7.62B	-7.95B
Other Financing Activities, Total	-227M	310M	-353M	-1.1B	-465M
Cash from Financing	-9B	-8.07B	-6.79B	-10.25B	-8.31B
Foreign Exchange Rate Adjustments	-72M	76M	-159M	-205M	-73M
Net Change in Cash	-2.58B	373M	2.92B	-200M	-133M
Supplemental Items
Cash Interest Paid	921M	935M	738M	848M	1.42B
Cash Income Tax Paid (Refund)	2.13B	1.27B	2.17B	2.4B	2.58B
Levered Free Cash Flow	6.65B	6.91B	8.37B	7.83B	4.86B
Unlevered Free Cash Flow	7.24B	7.8B	9.37B	8.38B	5.82B
Change In Net Working Capital	-1.09B	-1.06B	-1.8B	-575M	2.03B
Net Debt Issued / Repaid	-1.84B	-1.86B	228M	-958M	1.86B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.83	7.19	7.87	8.21	8.74
Return on Total Capital	10.33	9.53	10.61	11.19	11.88
Return On Equity %	44.75	36.66	42.49	37.77	40.16
Return on Common Equity	49.61	40.48	46.2	40.51	42.82
Margin Analysis
Gross Profit Margin %	60.77	59.31	60.27	58.14	59.52
SG&A Margin	32.23	29.01	30.7	29.44	30.43
EBITDA Margin %	32.17	34.91	33.35	31.49	31.56
EBITA Margin %	28.83	30.87	30.02	28.84	29.3