|
|
| THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (PARTIAL)
(In millions except per share data) |
|
|
| Year Ended December 31, |
2021 |
2020 |
|
|
| Net Operating Revenues |
$ 38,655 |
$ 33,014 |
|
|
| Cost of goods sold |
15,357 |
13,433 |
|
|
| Gross Profit |
$ 23,298 |
$ 19,581 |
|
|
| Selling, general and administrative expenses |
12,144 |
9,731 |
|
|
| Other operating charges |
846 |
853 |
|
|
| Operating Income |
$ 10,308 |
$ 8,997 |
|
|
| Interest income |
276 |
370 |
|
|
| Interest expense |
1,597 |
1,437 |
|
|
| Equity income (loss) - net |
1,438 |
978 |
|
|
| Other income (loss) - net |
2,000 |
841 |
|
|
| Income Before Income Taxes |
$ 12,425 |
$ 9,749 |
|
|
| Income taxes |
2,621 |
1,981 |
|
|
| Consolidated Net Income |
$ 9,804 |
$ 7,768 |
|
|
| THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions except par value) |
|
|
| December 31, |
2021 |
2020 |
|
|
| ASSETS |
|
|
| Current Assets |
|
|
| Cash and cash equivalents |
$ 9,684 |
$ 6,795 |
|
|
| Short-term investments |
1,242 |
1,771 |
|
|
| Total Cash, Cash Equivalents and Short-term Investments |
10,926 |
8,566 |
|
|
| Marketable securities |
1,699 |
2,348 |
|
|
| Trade accounts receivable, less allowances of $516 and $526, respectively |
3,512 |
3,144 |
|
|
| Inventories |
3,414 |
3,266 |
|
|
| Prepaid expenses and other current assets |
2,994 |
1,916 |
|
|
| Total Current Assets |
22,545 |
19,240 |
|
|
| Equity method investments |
17,598 |
19,273 |
|
|
| Other investments |
818 |
812 |
|
|
| Other noncurrent assets |
6,731 |
6,184 |
|
|
| Deferred income tax assets |
2,129 |
2,460 |
|
|
| Property, plant and equipment - net |
9,920 |
10,777 |
|
|
| Trademarks with indefinite lives |
14,465 |
10,395 |
|
|
| Goodwill |
19,363 |
17,506 |
|
|
| Other intangible assets |
785 |
649 |
|
|
| Total Assets |
$ 94,354 |
$ 87,296 |
|
|
| LIABILITIES AND EQUITY |
|
|
| Current Liabilities |
|
|
| Accounts payable and accrued expenses |
$ 14,619 |
$ 11,145 |
|
|
| Loans and notes payable |
3,307 |
2,183 |
|
|
| Current maturities of long-term debt |
1,338 |
485 |
|
|
| Accrued income taxes |
686 |
788 |
|
|
| Total Current Liabilities |
$ 19,950 |
$ 14,601 |
|
|
| Long-term debt |
38,116 |
40,125 |
|
|
| Other noncurrent liabilities |
8,607 |
9,453 |
|
|
| Deferred income tax liabilities |
2,821 |
1,833 |
|
|
| The Coca-Cola Company Shareowners' Equity |
|
|
| Common stock, $0.25 per value; authorized - 11,200 shares; issued - 7,040 shares |
1,760 |
1,760 |
|
|
| Capital surplus |
18,116 |
17,601 |
|
|
| Reinvested earnings |
69,094 |
66,555 |
|
|
| Accumulated other comprehensive income (loss) |
-14,330 |
-14,601 |
|
|
| Treasury stock, at cost - 2,715 and 2,738 shares, respectively |
-51,641 |
-52,016 |
|
|
| Equity Attributable to Shareowners of the Coca-Cola Company |
22,999 |
19,299 |
|
|
| Equity Attributable to noncontrolling interests |
1,861 |
1,985 |
|
|
| Total Equity |
24,860 |
21,284 |
|
|
| Total Liabilities and Equity |
$ 94,354 |
$ 87,296 |
|
|
|
| 2021 |
2020 |
|
|
| Current Ratio = Total current assets / Total current liabilities |
1.130 |
|
|
| Debt Ratio = Total liabilities/ Total assets |
0.737 |
|
|
| Debt to Equity Ratio = Total liabilities / Total equity |
2.795 |
|
|
| Times-interest-earned Ratio = (Net income + income tax expense + interest expense)/interest expense |
8.780 |
|
|
| Profit Margin Ratio = Net income / Net sales or operating revenue |
0.254 |
|
|
| Gross Profit Percentage = Gross profit / Net sales or operating revenue |
0.603 |
Jasmine_Lr
Assignment-FinancialStatementAnalysis-1-11.xlsx
