The Coca-Cola Company (KO)

The Coca-Cola Company Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	47,061	45,754	43,004	38,655	33,014
Revenue Growth (YoY)	2.86%	6.39%	11.25%	17.09%	-11.41%
Cost of Revenue	18,324	18,520	18,000	15,357	13,433
Gross Profit	28,737	27,234	25,004	23,298	19,581
Selling, General & Admin	14,582	13,921	12,661	11,865	9,563
Other Operating Expenses	26	-	3	-	26
Operating Expenses	14,608	13,921	12,664	11,865	9,589
Operating Income	14,129	13,313	12,340	11,433	9,992
Interest Expense	-1,656	-1,527	-882	-1,597	-1,437
Interest & Investment Income	988	1,115	560	276	370
Earnings From Equity Investments	1,770	1,691	1,472	1,438	978
Currency Exchange Gain (Loss)	-	-312	-236	-	-
Other Non Operating Income (Expenses)	285	-60	135	-3	-32
EBT Excluding Unusual Items	15,516	14,220	13,389	11,547	9,871
Merger & Restructuring Charges	-133	-340	-154	-767	-783
Gain (Loss) on Sale of Investments	814	344	-491	2,110	769
Gain (Loss) on Sale of Assets	884	439	-	-	-
Asset Writedown	-886	-	-57	-78	-55
Legal Settlements	-	-8	-	-15	-
Other Unusual Items	-3,109	-1,703	-1,001	-372	-53
Pretax Income	13,086	12,952	11,686	12,425	9,749
Income Tax Expense	2,437	2,249	2,115	2,621	1,981
Earnings From Continuing Operations	10,649	10,703	9,571	9,804	7,768
Minority Interest in Earnings	-18	11	-29	-33	-21
Net Income	10,631	10,714	9,542	9,771	7,747
Net Income to Common	10,631	10,714	9,542	9,771	7,747
Net Income Growth	-0.77%	12.28%	-2.34%	26.13%	-13.15%
Shares Outstanding (Basic)	4,309	4,323	4,328	4,315	4,295
Shares Outstanding (Diluted)	4,320	4,339	4,350	4,340	4,323
Shares Change (YoY)	-0.44%	-0.25%	0.23%	0.39%	0.21%
EPS (Basic)	2.47	2.48	2.20	2.26	1.80
EPS (Diluted)	2.46	2.47	2.19	2.25	1.79
EPS Growth	-0.40%	12.79%	-2.67%	25.70%	-13.53%
Free Cash Flow	4,741	9,747	9,534	11,258	8,667
Free Cash Flow Per Share	1.10	2.25	2.19	2.59	2.00
Dividend Per Share	1.940	1.840	1.760	1.680	1.640
Dividend Growth	5.43%	4.55%	4.76%	2.44%	2.50%
Gross Margin	61.06%	59.52%	58.14%	60.27%	59.31%
Operating Margin	30.02%	29.10%	28.70%	29.58%	30.27%
Profit Margin	22.59%	23.42%	22.19%	25.28%	23.47%
Free Cash Flow Margin	10.07%	21.30%	22.17%	29.12%	26.25%
EBITDA	15,204	14,441	13,600	12,885	11,528
EBITDA Margin	32.31%	31.56%	31.62%	33.33%	34.92%
D&A For EBITDA	1,075	1,128	1,260	1,452	1,536
EBIT	14,129	13,313	12,340	11,433	9,992
EBIT Margin	30.02%	29.10%	28.69%	29.58%	30.27%
Effective Tax Rate	18.62%	17.36%	18.10%	21.09%	20.32%
Advertising Expenses	-	5,010	4,319	4,000	3,000

Source: S&P Capital IQ. Standard template. Financial Sources.