Financial Statement Analysis of Coca Cola Company

Topics: Balance sheet, Generally Accepted Accounting Principles, Financial ratios Pages: 15 (3847 words) Published: June 15, 2013
THE COCA-COLA COMPANY
CONSOLIDATED INCOME STATEMENT
YEAR ENDED 31 DECEMBER 2009, 2008

Analysis of Consolidated Statements of Income
Percent Change
Year Ended December 31, 2009 2008 2009 vs. 2008 (In millions except percentages and per share data) $ $ % NET OPERATING REVENUES 30,990 31,944 (2.99)% Cost of goods sold 11,088 11,374 (2.51)__ GROSS PROFIT 19,902 20,570 (3.24) GROSS PROFIT MARGIN 64.2% 64.4% Selling, general and administrative expenses 11,358 11,774 (3.53) Other operating charges 313 350 * OPERATING INCOME 8,231 8,446 (2.55) OPERATING MARGIN 26.6% 26.4% Interest income 249 333 (25.23) Interest expense 355 438 (18.95) Equity income (loss) — net 781 (874) * Other income (loss) — net 40 39 * INCOME BEFORE INCOME TAXES 8,946 7,506 19.18 Income taxes 2,040 1,632 25 Effective tax rate 22.8% 21.7% ____________ CONSOLIDATED NET INCOME 6,906 5,874 17.57 (-) Net income attributable to noncontrolling interests 82 67 22.39 NET INCOME ATTRIBUTABLE TO SHAREOWNERS

OF THE COCA-COLA COMPANY 6,824 5,807 17.51 NET INCOME PER SHARE 1
Basic net income per share 2.95 2.51 17.53 Diluted net income per share 2.93 2.49 17.67_

THE COCA-COLA COMPANY
CONSOLIDATED BALANCE SHEETS
YEAR ENDED 31 DECEMBER, 2009, 2008

Percentage Change
December 31, 2009 2008 2009 vs 2008
(In millions except par value) $ $ %
ASSETS
CURRENT ASSETS
Cash and cash equivalents 7,021 4,70149.35
Short-term investments 2,130 —____- TOTAL CASH AND SHORT-TERM INVESTMENTS 9,151 4,70194.67__ Marketable securities 62 278 37.8 Trade accounts receivable, less allowances of...
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