The Coca-Cola Company (KO)

The Coca-Cola Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 27, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	46,366	45,754	43,004	38,655	33,014	37,266
Revenue Growth (YoY)	2.97%	6.39%	11.25%	17.09%	-11.41%	8.65%
Cost of Revenue	18,345	18,520	18,000	15,357	13,433	14,619
Gross Profit	28,021	27,234	25,004	23,298	19,581	22,647
Selling, General & Admin	14,260	13,921	12,661	11,865	9,563	12,005
Other Operating Expenses	-	-	3	-	26	11
Operating Expenses	14,260	13,921	12,664	11,865	9,589	12,016
Operating Income	13,761	13,313	12,340	11,433	9,992	10,631
Interest Expense	-1,638	-1,527	-882	-1,597	-1,437	-946
Interest & Investment Income	1,234	1,115	560	276	370	563
Earnings From Equity Investments	1,793	1,691	1,472	1,438	978	1,049
Currency Exchange Gain (Loss)	-279	-312	-236	-	-	-
Other Non Operating Income (Expenses)	-121	-60	135	-3	-32	-27
EBT Excluding Unusual Items	14,750	14,220	13,389	11,547	9,871	11,270
Merger & Restructuring Charges	-272	-340	-154	-767	-783	-314
Gain (Loss) on Sale of Investments	1,364	344	-491	2,110	769	-478
Gain (Loss) on Sale of Assets	869	439	-	-	-	829
Asset Writedown	-847	-	-57	-78	-55	-202
Legal Settlements	2	-8	-	-15	-	-
Other Unusual Items	-3,104	-1,703	-1,001	-372	-53	-319
Pretax Income	12,762	12,952	11,686	12,425	9,749	10,786
Income Tax Expense	2,340	2,249	2,115	2,621	1,981	1,801
Earnings From Continuing Operations	10,422	10,703	9,571	9,804	7,768	8,985
Minority Interest in Earnings	-13	11	-29	-33	-21	-65
Net Income	10,409	10,714	9,542	9,771	7,747	8,920
Net Income to Common	10,409	10,714	9,542	9,771	7,747	8,920
Net Income Growth	-3.37%	12.28%	-2.34%	26.13%	-13.15%	38.64%
Shares Outstanding (Basic)	4,312	4,323	4,328	4,315	4,295	4,276
Shares Outstanding (Diluted)	4,323	4,339	4,350	4,340	4,323	4,314
Shares Change (YoY)	-0.44%	-0.25%	0.23%	0.39%	0.21%	0.35%
EPS (Basic)	2.41	2.48	2.20	2.26	1.80	2.09
EPS (Diluted)	2.41	2.47	2.19	2.25	1.79	2.07
EPS Growth	-2.45%	12.79%	-2.67%	25.70%	-13.53%	38.00%
Free Cash Flow	3,412	9,747	9,534	11,258	8,667	8,417
Free Cash Flow Per Share	0.79	2.25	2.19	2.59	2.00	1.95
Dividend Per Share	1.915	1.840	1.760	1.680	1.640	1.600
Dividend Growth	5.22%	4.55%	4.76%	2.44%	2.50%	2.56%
Gross Margin	60.43%	59.52%	58.14%	60.27%	59.31%	60.77%
Operating Margin	29.68%	29.10%	28.70%	29.58%	30.27%	28.53%
Profit Margin	22.45%	23.42%	22.19%	25.28%	23.47%	23.94%
Free Cash Flow Margin	7.36%	21.30%	22.17%	29.12%	26.25%	22.59%
EBITDA	14,831	14,441	13,600	12,885	11,528	11,996
EBITDA Margin	31.99%	31.56%	31.62%	33.33%	34.92%	32.19%
D&A For EBITDA	1,070	1,128	1,260	1,452	1,536	1,365
EBIT	13,761	13,313	12,340	11,433	9,992	10,631
EBIT Margin	29.68%	29.10%	28.69%	29.58%	30.27%	28.53%
Effective Tax Rate	18.34%	17.36%	18.10%	21.09%	20.32%	16.70%
Advertising Expenses	-	5,010	4,319	4,000	3,000	4,000

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