The Coca-Cola Company (SWX:KO)

The Coca-Cola Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 27, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	47,062	47,061	45,754	43,004	38,655	33,014
Revenue Growth (YoY)	1.29%	2.86%	6.40%	11.25%	17.09%	-11.41%
Cost of Revenue	18,154	18,324	18,520	18,000	15,357	13,433
Gross Profit	28,908	28,737	27,234	25,004	23,298	19,581
Selling, General & Admin	14,213	14,442	13,988	12,660	11,865	9,563
Other Operating Expenses	-6	-6	-	-2	-	26
Operating Expenses	14,207	14,436	13,988	12,663	11,865	9,589
Operating Income	14,701	14,301	13,246	12,341	11,433	9,992
Interest Expense	-1,688	-1,656	-1,527	-882	-1,597	-1,437
Interest & Investment Income	1,058	1,193	1,115	449	276	370
Earnings From Equity Investments	1,791	1,770	1,691	1,472	1,438	978
Currency Exchange Gain (Loss)	102	-180	-312	-	-	-
Other Non Operating Income (Expenses)	-407	-107	-60	-143	-3	-32
EBT Excluding Unusual Items	15,557	15,321	14,153	13,237	11,547	9,871
Merger & Restructuring Charges	-127	-148	-273	-155	-767	-783
Impairment of Goodwill	-6	-6	-	-	-	-
Gain (Loss) on Sale of Investments	799	1,098	344	-491	2,110	769
Gain (Loss) on Sale of Assets	83	891	439	153	-	-
Asset Writedown	-220	-949	-	-57	-78	-55
Legal Settlements	-4	2	-8	-	-15	-
Other Unusual Items	-1,043	-3,123	-1,703	-1,001	-372	-53
Pretax Income	15,039	13,086	12,952	11,686	12,425	9,749
Income Tax Expense	2,838	2,437	2,249	2,115	2,621	1,981
Earnings From Continuing Operations	12,201	10,649	10,703	9,571	9,804	7,768
Minority Interest in Earnings	-18	-18	11	-29	-33	-21
Net Income	12,183	10,631	10,714	9,542	9,771	7,747
Net Income to Common	12,183	10,631	10,714	9,542	9,771	7,747
Net Income Growth	14.42%	-0.78%	12.28%	-2.34%	26.13%	-13.15%
Shares Outstanding (Basic)	4,306	4,309	4,323	4,328	4,315	4,295
Shares Outstanding (Diluted)	4,317	4,320	4,339	4,350	4,340	4,323
Shares Change (YoY)	-0.27%	-0.44%	-0.25%	0.23%	0.39%	0.21%
EPS (Basic)	2.83	2.47	2.48	2.20	2.26	1.80
EPS (Diluted)	2.82	2.46	2.47	2.19	2.25	1.79
EPS Growth	14.64%	-0.40%	12.78%	-2.67%	25.70%	-13.53%
Free Cash Flow	-722	4,741	9,747	9,534	11,258	8,667
Free Cash Flow Per Share	-0.17	1.10	2.25	2.19	2.59	2.00
Dividend Per Share	1.990	1.940	1.840	1.760	1.680	1.640
Dividend Growth	5.29%	5.44%	4.54%	4.76%	2.44%	2.50%
Gross Margin	61.42%	61.06%	59.52%	58.14%	60.27%	59.31%
Operating Margin	31.24%	30.39%	28.95%	28.70%	29.58%	30.27%
Profit Margin	25.89%	22.59%	23.42%	22.19%	25.28%	23.47%
Free Cash Flow Margin	-1.53%	10.07%	21.30%	22.17%	29.12%	26.25%
EBITDA	15,791	15,376	14,374	13,601	12,885	11,528
EBITDA Margin	33.55%	32.67%	31.42%	31.63%	33.33%	34.92%
D&A For EBITDA	1,090	1,075	1,128	1,260	1,452	1,536
EBIT	14,701	14,301	13,246	12,341	11,433	9,992
EBIT Margin	31.24%	30.39%	28.95%	28.70%	29.58%	30.27%
Effective Tax Rate	18.87%	18.62%	17.36%	18.10%	21.09%	20.32%
Advertising Expenses	-	5,146	5,010	4,000	4,000	3,000

Updated Jun 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.