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	Sep 26, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	47,663	47,061	45,754	43,004	38,655	33,014
Revenue Growth (YoY)	2.80%	2.86%	6.40%	11.25%	17.09%	-11.41%
Cost of Revenue	18,287	18,324	18,520	18,000	15,357	13,433
Gross Profit	29,376	28,737	27,234	25,004	23,298	19,581
Selling, General & Admin	14,228	14,442	13,988	12,660	11,865	9,563
Other Operating Expenses	-3,791	-6	-	-2	-	26
Operating Expenses	10,437	14,436	13,988	12,663	11,865	9,589
Operating Income	18,939	14,301	13,246	12,341	11,433	9,992
Interest Expense	-1,654	-1,656	-1,527	-882	-1,597	-1,437
Interest & Investment Income	962	1,193	1,115	449	276	370
Earnings From Equity Investments	1,894	1,770	1,691	1,472	1,438	978
Currency Exchange Gain (Loss)	-180	-180	-312	-	-	-
Other Non Operating Income (Expenses)	-1,884	-107	-60	-143	-3	-32
EBT Excluding Unusual Items	18,077	15,321	14,153	13,237	11,547	9,871
Merger & Restructuring Charges	-148	-148	-273	-155	-767	-783
Impairment of Goodwill	-6	-6	-	-	-	-
Gain (Loss) on Sale of Investments	1,098	1,098	344	-491	2,110	769
Gain (Loss) on Sale of Assets	891	891	439	153	-	-
Asset Writedown	-949	-949	-	-57	-78	-55
Legal Settlements	2	2	-8	-	-15	-
Other Unusual Items	-3,123	-3,123	-1,703	-1,001	-372	-53
Pretax Income	15,842	13,086	12,952	11,686	12,425	9,749
Income Tax Expense	2,808	2,437	2,249	2,115	2,621	1,981
Earnings From Continuing Operations	13,034	10,649	10,703	9,571	9,804	7,768
Minority Interest in Earnings	-3	-18	11	-29	-33	-21
Net Income	13,031	10,631	10,714	9,542	9,771	7,747
Net Income to Common	13,031	10,631	10,714	9,542	9,771	7,747
Net Income Growth	25.19%	-0.78%	12.28%	-2.34%	26.13%	-13.15%
Shares Outstanding (Basic)	4,304	4,309	4,323	4,328	4,315	4,295
Shares Outstanding (Diluted)	4,315	4,320	4,339	4,350	4,340	4,323
Shares Change (YoY)	-0.21%	-0.44%	-0.25%	0.23%	0.39%	0.21%
EPS (Basic)	3.03	2.47	2.48	2.20	2.26	1.80
EPS (Diluted)	3.02	2.46	2.47	2.19	2.25	1.79
EPS Growth	25.34%	-0.40%	12.78%	-2.67%	25.70%	-13.53%
Free Cash Flow	5,570	4,741	9,747	9,534	11,258	8,667
Free Cash Flow Per Share	1.29	1.10	2.25	2.19	2.59	2.00
Dividend Per Share	0.485	1.940	1.840	1.760	1.680	1.640
Dividend Growth	-74.67%	5.44%	4.54%	4.76%	2.44%	2.50%
Gross Margin	61.63%	61.06%	59.52%	58.14%	60.27%	59.31%
Operating Margin	39.73%	30.39%	28.95%	28.70%	29.58%	30.27%
Profit Margin	27.34%	22.59%	23.42%	22.19%	25.28%	23.47%
Free Cash Flow Margin	11.69%	10.07%	21.30%	22.17%	29.12%	26.25%
EBITDA	20,029	15,376	14,374	13,601	12,885	11,528
EBITDA Margin	42.02%	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	18,939	14,301	13,246	12,341	11,433	9,992
EBIT Margin	39.73%	30.39%	28.95%	28.70%	29.58%	30.27%
Effective Tax Rate	17.72%	18.62%	17.36%	18.10%	21.09%	20.32%
Advertising Expenses	-	5,146	5,010	4,000	4,000	3,000

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.