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CocaCola (KO) Financials

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$68.86 +0.50 (+0.72%)
As of 01:39 PM Eastern
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Annual Income Statements for CocaCola

Annual Income Statements for CocaCola

This table shows CocaCola's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 7,098 7,351 6,527 1,248 6,434 8,920 7,747 9,771 9,542 10,714 10,631
Consolidated Net Income / (Loss)		 7,124 7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649
Net Income / (Loss) Continuing Operations		 7,124 7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649
Total Pre-Tax Income 		9,325 9,605 8,136 6,890 8,225 10,786 9,749 12,425 11,686 12,952 13,086
Total Operating Income		 9,708 8,728 8,657 7,755 9,152 10,086 8,997 10,308 10,909 11,311 9,992
Total Gross Profit		 28,109 26,812 25,398 22,491 21,233 22,647 19,581 23,298 25,004 27,234 28,737
Total Revenue		 45,998 44,294 41,863 36,212 34,300 37,266 33,014 38,655 43,004 45,754 47,061
Operating Revenue		 45,998 44,294 41,863 36,212 34,300 37,266 33,014 38,655 43,004 45,754 47,061
Total Cost of Revenue		 17,889 17,482 16,465 13,721 13,067 14,619 13,433 15,357 18,000 18,520 18,324
Operating Cost of Revenue		 17,889 17,482 16,465 13,721 13,067 14,619 13,433 15,357 18,000 18,520 18,324
Total Operating Expenses		 18,401 18,084 16,741 14,736 12,081 12,561 10,584 12,990 14,095 15,923 18,745
Selling, General & Admin Expense		 17,218 16,427 16,741 14,736 12,081 12,561 10,584 12,990 14,095 15,923 18,745
Total Other Income / (Expense), net		 -383 877 -521 -865 -927 700 752 2,117 777 1,641 3,094
Interest Expense		 483 856 733 853 950 946 1,437 1,597 882 1,527 1,656
Interest & Investment Income		 1,363 1,102 1,477 1,751 1,697 1,612 1,348 1,714 1,921 2,598 2,758
Other Income / (Expense), net		 -1,263 631 -1,265 -1,763 -1,674 34 841 2,000 -262 570 1,992
Income Tax Expense		 2,201 2,239 1,586 5,607 1,749 1,801 1,981 2,621 2,115 2,249 2,437
Net Income / (Loss) Attributable to Noncontrolling Interest		 26 15 23 35 42 65 21 33 29 -11 18
Basic Earnings per Share		 $1.62 $1.69 $1.51 $0.29 $1.51 $2.09 $1.80 $2.26 $2.20 $2.48 $2.47
Weighted Average Basic Shares Outstanding		 4.39B 4.35B 4.32B 4.27B 4.26B 4.28B 4.30B 4.32B 4.33B 4.32B 4.31B
Diluted Earnings per Share		 $1.60 $1.67 $1.49 $0.29 $1.50 $2.07 $1.79 $2.25 $2.19 $2.47 $2.46
Weighted Average Diluted Shares Outstanding		 4.45B 4.41B 4.37B 4.32B 4.30B 4.31B 4.32B 4.34B 4.35B 4.34B 4.32B
Weighted Average Basic & Diluted Shares Outstanding		 4.38B 4.35B 4.32B 4.30B 4.26B 4.29B 4.31B 4.34B 4.33B 4.31B 4.30B
Cash Dividends to Common per Share		 $1.22 $1.32 $1.40 $1.48 $1.56 $1.60 $1.64 $1.68 $1.76 $1.84 $1.94

Quarterly Income Statements for CocaCola

This table shows CocaCola's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/29/2023 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025
Net Income / (Loss) Attributable to Common Shareholders		 2,031 3,107 2,547 3,087 1,973 3,177 2,411 2,848 2,195 3,330 3,810
Consolidated Net Income / (Loss)		 2,056 3,113 2,521 3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803
Net Income / (Loss) Continuing Operations		 2,056 3,113 2,521 3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803
Total Pre-Tax Income 		2,500 4,053 2,880 3,537 2,482 3,872 3,028 3,380 2,806 4,057 4,796
Total Operating Income		 2,075 3,367 2,401 3,270 2,273 2,141 2,632 2,510 2,709 3,659 4,280
Total Gross Profit		 5,612 6,663 7,060 7,296 6,215 7,065 7,551 7,190 6,931 6,966 7,821
Total Revenue		 10,125 10,980 11,972 11,953 10,849 11,300 12,363 11,854 11,544 11,129 12,535
Operating Revenue		 10,125 10,980 11,972 11,953 10,849 11,300 12,363 11,854 11,544 11,129 12,535
Total Cost of Revenue		 4,513 4,317 4,912 4,657 4,634 4,235 4,812 4,664 4,613 4,163 4,714
Operating Cost of Revenue		 4,513 4,317 4,912 4,657 4,634 4,235 4,812 4,664 4,613 4,163 4,714
Total Operating Expenses		 3,537 3,296 4,659 4,026 3,942 4,924 4,919 4,680 4,222 3,307 3,541
Selling, General & Admin Expense		 3,537 3,296 4,659 4,026 3,942 4,924 4,919 4,680 4,222 3,307 3,541
Total Other Income / (Expense), net		 425 686 479 267 209 1,731 396 870 97 398 516
Interest Expense		 304 372 374 368 413 382 418 425 431 387 445
Interest & Investment Income		 482 443 762 765 628 600 812 804 542 531 749
Other Income / (Expense), net		 247 615 91 -130 -6.00 1,513 2.00 491 -14 254 212
Income Tax Expense		 444 940 359 454 496 687 627 530 593 722 993
Net Income / (Loss) Attributable to Noncontrolling Interest		 25 6.00 -26 -4.00 13 8.00 -10 2.00 18 5.00 -7.00
Basic Earnings per Share		 $0.47 $0.72 $0.59 $0.71 $0.46 $0.74 $0.56 $0.66 $0.51 $0.77 $0.89
Weighted Average Basic Shares Outstanding		 4.33B 4.33B 4.33B 4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B
Diluted Earnings per Share		 $0.46 $0.72 $0.59 $0.71 $0.45 $0.74 $0.56 $0.66 $0.50 $0.77 $0.88
Weighted Average Diluted Shares Outstanding		 4.35B 4.35B 4.34B 4.34B 4.34B 4.32B 4.32B 4.32B 4.32B 4.31B 4.32B
Weighted Average Basic & Diluted Shares Outstanding		 4.33B 4.32B 4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B
Cash Dividends to Common per Share		 - $0.46 $0.46 $0.46 - $0.49 $0.49 $0.49 - $0.51 $0.51

Annual Cash Flow Statements for CocaCola

This table details how cash moves in and out of CocaCola's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -1,456 -1,649 1,238 -2,477 2,945 -2,581 373 2,915 5.00 -60 2,419
Net Cash From Operating Activities		 10,615 10,528 8,792 7,041 7,627 10,471 9,844 12,625 11,018 11,599 6,805
Net Cash From Continuing Operating Activities		 10,615 10,528 8,792 7,041 7,627 10,471 9,844 12,625 11,018 11,599 6,805
Net Income / (Loss) Continuing Operations		 7,124 7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649
Consolidated Net Income / (Loss)		 7,124 7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649
Depreciation Expense		 1,976 1,970 1,787 1,260 1,086 1,365 1,536 1,452 1,260 1,128 1,075
Non-Cash Adjustments To Reconcile Net Income		 1,994 1,276 1,536 2,308 1,718 -92 -688 -1,356 -172 -1,125 -2,674
Changes in Operating Assets and Liabilities, net		 -479 -84 -1,081 2,190 -1,653 213 1,228 2,725 359 893 -2,245
Net Cash From Investing Activities		 -7,506 -6,186 -1,004 -2,312 5,927 -3,976 -1,477 -2,765 -763 -3,349 2,524
Net Cash From Continuing Investing Activities		 -7,506 -6,186 -1,004 -2,312 5,927 -3,976 -1,477 -2,765 -763 -3,349 2,524
Purchase of Property, Plant & Equipment		 -2,406 -2,553 -2,262 -1,750 -1,548 -2,054 -1,177 -1,367 -1,484 -1,852 -2,064
Acquisitions		 -389 -2,491 -838 -3,809 -1,263 -5,542 -1,052 -4,766 -73 -62 -315
Purchase of Investments		 -17,800 -15,831 -16,626 -17,296 -7,789 -4,704 -13,583 -6,030 -3,751 -6,698 -5,640
Sale of Property, Plant & Equipment		 223 85 150 108 248 978 189 108 75 74 40
Divestitures		 148 565 1,035 3,821 1,362 429 189 2,180 458 430 3,485
Sale and/or Maturity of Investments		 12,986 14,079 17,842 16,694 14,977 6,973 13,835 7,059 4,771 4,354 6,589
Other Investing Activities, net		 -268 -40 -305 -80 -60 -56 122 51 -759 405 429
Net Cash From Financing Activities		 -3,631 -5,113 -6,545 -7,447 -10,347 -9,004 -8,070 -6,786 -10,250 -8,310 -6,910
Net Cash From Continuing Financing Activities		 -3,631 -5,113 -6,545 -7,447 -10,347 -9,004 -8,070 -6,786 -10,250 -8,310 -6,910
Repayment of Debt		 -37,325 -37,487 -25,536 -28,966 -30,872 -25,077 -28,486 -13,219 -6,025 -5,499 -9,564
Repurchase of Common Equity		 -4,162 -3,564 -3,681 -3,682 -1,912 -1,103 -118 -111 -1,418 -2,289 -1,795
Payment of Dividends		 -5,350 -5,741 -6,043 -6,320 -6,644 -6,845 -7,047 -7,252 -7,616 -7,952 -8,359
Issuance of Debt		 41,674 40,434 27,281 29,926 27,605 23,009 26,934 13,094 3,972 6,891 12,061
Issuance of Common Equity		 1,532 1,245 1,434 1,595 1,476 1,012 647 702 837 539 747

Quarterly Cash Flow Statements for CocaCola

This table details how cash moves in and out of CocaCola's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/29/2023 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025
Net Change in Cash & Equivalents		 -404 2,455 572 -642 -2,445 1,126 3,452 -109 -2,050 -2,674 1,389
Net Cash From Operating Activities		 2,950 160 4,469 4,300 2,670 528 3,585 -1,259 3,951 -5,202 3,811
Net Cash From Continuing Operating Activities		 2,950 160 4,469 4,300 2,670 528 3,585 -1,259 3,951 -5,202 3,811
Net Income / (Loss) Continuing Operations		 2,056 3,113 2,521 3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803
Consolidated Net Income / (Loss)		 2,056 3,113 2,521 3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803
Depreciation Expense		 307 286 281 290 271 262 269 268 276 267 279
Non-Cash Adjustments To Reconcile Net Income		 -96 -710 -270 -307 162 -1,433 -252 -727 -262 -378 37
Changes in Operating Assets and Liabilities, net		 683 -2,529 1,937 1,234 251 -1,486 1,167 -3,650 1,724 -8,426 -308
Net Cash From Investing Activities		 1,426 117 -883 -1,657 -926 330 667 2,310 -783 -1,067 789
Net Cash From Continuing Investing Activities		 1,426 117 -883 -1,657 -926 330 667 2,310 -783 -1,067 789
Purchase of Property, Plant & Equipment		 -708 -276 -339 -386 -851 -370 -422 -469 -803 -309 -442
Acquisitions		 -33 -20 -23 -2.00 -17 -8.00 -17 -128 -162 -42 -137
Purchase of Investments		 -582 -739 -1,364 -2,485 -2,110 -2,552 -1,275 -571 -1,242 -2,507 -358
Sale of Property, Plant & Equipment		 29 21 17 8.00 28 14 7.00 12 7.00 8.00 5.00
Divestitures		 229 319 1.00 7.00 103 2,893 14 561 17 748 225
Sale and/or Maturity of Investments		 1,722 815 793 1,284 1,462 444 2,218 2,463 1,464 1,005 1,196
Other Investing Activities, net		 769 -3.00 32 -83 459 -91 142 442 -64 30 300
Net Cash From Financing Activities		 -5,172 2,065 -3,063 -3,087 -4,225 406 -938 -894 -5,484 3,432 -3,380
Net Cash From Continuing Financing Activities		 -5,172 2,065 -3,063 -3,087 -4,225 406 -938 -894 -5,484 3,432 -3,380
Repayment of Debt		 -1,211 -1,289 -1,533 -2,429 -248 -1,368 -3,375 -3,196 -1,625 -1,704 -1,032
Repurchase of Common Equity		 -6.00 -848 -236 -109 -1,096 -702 -172 -354 -567 -370 -102
Payment of Dividends		 -3,706 -101 -1,988 -1,989 -3,874 -99 -2,085 -2,090 -4,085 -89 -2,194
Issuance of Debt		 -379 4,074 564 1,375 878 2,285 4,547 4,466 763 5,436 -116
Issuance of Common Equity		 130 229 130 65 115 290 147 280 30 159 64
Effect of Exchange Rate Changes		 - 113 - - - -138 - - - 163 169

Annual Balance Sheets for CocaCola

This table presents CocaCola's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 92,023 89,996 87,270 87,896 83,216 86,381 87,296 94,354 92,763 97,703 100,549
Total Current Assets		 32,986 33,395 34,010 36,545 24,930 20,411 19,240 22,545 22,591 26,732 25,997
Cash & Equivalents		 8,958 7,309 8,555 6,006 9,077 6,480 6,795 9,684 9,519 9,366 10,828
Short-Term Investments		 12,717 12,591 13,646 14,669 7,038 4,695 4,119 2,941 2,112 4,297 3,743
Accounts Receivable		 4,466 3,941 3,856 3,667 3,685 3,971 3,144 3,512 3,487 3,410 3,569
Inventories, net		 3,100 2,902 2,675 2,655 3,071 3,379 3,266 3,414 4,233 4,424 4,728
Prepaid Expenses		 3,066 2,752 2,481 2,000 2,059 1,886 1,916 2,994 3,240 5,235 3,129
Plant, Property, & Equipment, net		 14,633 12,571 10,635 8,203 9,598 10,838 10,777 9,920 9,841 9,236 10,303
Total Noncurrent Assets		 44,404 44,030 42,625 43,148 48,688 55,132 57,279 61,889 60,331 61,735 64,249
Long-Term Investments		 13,625 15,788 17,249 21,952 20,279 19,879 20,085 18,416 18,765 19,671 18,087
Goodwill		 12,100 11,289 10,629 9,401 14,109 16,764 17,506 19,363 18,782 18,358 18,139
Intangible Assets		 14,272 12,843 10,499 7,235 7,478 10,002 11,044 15,250 14,849 14,349 13,301
Noncurrent Deferred & Refundable Income Taxes		 - - - 330 2,674 2,412 2,460 2,129 1,746 1,561 1,319
Other Noncurrent Operating Assets		 4,407 4,110 4,248 4,230 4,148 6,075 6,184 6,731 6,189 7,796 13,403
Total Liabilities & Shareholders' Equity		 92,023 89,996 87,270 87,896 83,216 86,381 87,296 94,354 92,763 97,703 100,549
Total Liabilities		 61,462 64,232 64,050 68,919 64,158 65,283 66,012 69,494 66,937 70,223 74,177
Total Current Liabilities		 32,374 26,929 26,532 27,194 28,782 26,973 14,601 19,950 19,724 23,571 25,249
Short-Term Debt		 22,682 15,805 16,025 16,503 18,838 15,247 2,668 4,645 399 1,960 648
Accounts Payable		 9,234 9,660 9,490 8,748 9,533 11,312 11,145 14,619 15,749 15,485 21,715
Current Deferred & Payable Income Tax Liabilities		 400 331 307 410 411 414 788 686 1,203 1,569 1,387
Other Current Liabilities		 - - - - - - - - 2,373 4,557 1,499
Total Noncurrent Liabilities		 29,088 37,303 37,518 41,725 35,376 38,310 51,411 49,544 47,213 46,652 48,928
Long-Term Debt		 19,063 28,311 29,684 31,182 25,376 27,516 40,125 38,116 36,377 35,547 42,375
Noncurrent Deferred & Payable Income Tax Liabilities		 5,636 4,691 3,753 2,522 2,354 2,284 1,833 2,821 2,914 2,639 2,469
Other Noncurrent Operating Liabilities		 4,389 4,301 4,081 8,021 7,646 8,510 9,453 8,607 7,922 8,466 4,084
Total Equity & Noncontrolling Interests		 30,561 25,764 23,220 18,977 19,058 21,098 21,284 24,860 25,826 27,480 26,372
Total Preferred & Common Equity		 30,320 25,554 23,062 17,072 16,981 18,981 19,299 22,999 24,105 25,941 24,856
Total Common Equity		 30,320 25,554 23,062 17,072 16,981 18,981 19,299 22,999 24,105 25,941 24,856
Common Stock		 14,914 15,776 16,753 17,624 18,280 18,914 19,361 19,876 20,582 20,969 21,561
Retained Earnings		 63,408 65,018 65,502 60,430 63,234 65,855 66,555 69,094 71,019 73,782 76,054
Treasury Stock		 -42,225 -45,066 -47,988 -50,677 -51,719 -52,244 -52,016 -51,641 -52,601 -54,535 -55,916
Accumulated Other Comprehensive Income / (Loss)		 -5,777 -10,174 -11,205 -10,305 -12,814 -13,544 -14,601 -14,330 -14,895 -14,275 -16,843
Noncontrolling Interest		 241 210 158 1,905 2,077 2,117 1,985 1,861 1,721 1,539 1,516

Quarterly Balance Sheets for CocaCola

This table presents CocaCola's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/29/2023 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025
Total Assets		 92,763 97,404 98,456 97,578 97,703 99,392 101,202 106,266 100,549 101,716 104,333
Total Current Assets		 22,591 26,880 27,591 27,867 26,732 29,462 31,599 30,288 25,997 26,178 26,609
Cash & Equivalents		 9,519 12,004 12,564 11,883 9,366 10,443 13,708 13,938 10,828 8,417 9,590
Short-Term Investments		 2,112 2,291 3,130 3,552 4,297 6,476 5,285 4,226 3,743 5,370 4,707
Accounts Receivable		 3,487 4,599 3,970 3,495 3,410 4,244 4,545 4,233 3,569 4,091 4,168
Inventories, net		 4,233 4,727 4,646 4,252 4,424 4,961 4,763 4,714 4,728 5,102 5,082
Prepaid Expenses		 3,240 3,259 3,281 4,685 5,235 3,338 3,298 3,177 3,129 3,198 3,062
Plant, Property, & Equipment, net		 9,841 9,848 9,706 8,860 9,236 9,306 9,508 9,864 10,303 10,431 10,784
Total Noncurrent Assets		 60,331 60,676 61,159 60,851 61,735 60,624 60,095 66,114 64,249 65,107 66,940
Long-Term Investments		 18,765 19,081 19,420 19,360 19,671 19,642 19,107 19,037 18,087 18,369 19,379
Goodwill		 18,782 18,678 18,545 18,144 18,358 18,210 18,324 18,686 18,139 18,333 18,663
Intangible Assets		 14,849 14,897 14,941 14,741 14,349 14,024 13,981 14,059 13,301 13,425 13,615
Noncurrent Deferred & Refundable Income Taxes		 1,746 1,696 1,661 1,575 1,561 1,457 1,409 1,428 1,319 1,311 1,325
Other Noncurrent Operating Assets		 6,189 6,324 6,592 7,031 7,796 7,291 7,274 12,904 13,403 13,669 13,958
Total Liabilities & Shareholders' Equity		 92,763 97,404 98,456 97,578 97,703 99,392 101,202 106,266 100,549 101,716 104,333
Total Liabilities		 66,937 70,536 70,904 69,745 70,223 71,446 73,791 78,112 74,177 73,962 74,151
Total Current Liabilities		 19,724 23,357 24,115 24,409 23,571 28,356 29,263 28,569 25,249 23,808 21,944
Short-Term Debt		 399 811 1,171 2,080 1,960 1,392 1,939 1,067 648 163 91
Accounts Payable		 15,749 15,593 16,483 16,837 15,485 19,425 21,909 23,820 21,715 16,499 17,030
Current Deferred & Payable Income Tax Liabilities		 1,203 1,498 1,633 1,577 1,569 1,485 1,622 1,479 1,387 1,728 444
Other Current Liabilities		 2,373 5,455 4,828 3,915 4,557 6,054 3,793 2,203 1,499 5,418 4,379
Total Noncurrent Liabilities		 47,213 47,179 46,789 45,336 46,652 43,090 44,528 49,543 48,928 50,154 52,207
Long-Term Debt		 36,377 36,134 35,626 34,176 35,547 35,104 38,085 42,994 42,375 43,530 44,976
Noncurrent Deferred & Payable Income Tax Liabilities		 2,914 3,171 2,714 2,733 2,639 2,521 2,366 2,292 2,469 2,311 2,375
Other Noncurrent Operating Liabilities		 7,922 7,874 8,449 8,427 8,466 5,465 4,077 4,257 4,084 4,313 4,856
Total Equity & Noncontrolling Interests		 25,826 26,868 27,552 27,833 27,480 27,946 27,411 28,154 26,372 27,754 30,182
Total Preferred & Common Equity		 24,105 25,217 26,013 26,325 25,941 26,429 25,853 26,518 24,856 26,202 28,585
Total Common Equity		 24,105 25,217 26,013 26,325 25,941 26,429 25,853 26,518 24,856 26,202 28,585
Common Stock		 20,582 20,649 20,753 20,841 20,969 21,081 21,228 21,470 21,561 21,633 21,730
Retained Earnings		 71,019 72,137 72,695 73,793 73,782 74,868 75,189 75,946 76,054 77,189 78,803
Treasury Stock		 -52,601 -53,247 -53,418 -53,494 -54,535 -55,016 -55,106 -55,362 -55,916 -56,138 -56,190
Accumulated Other Comprehensive Income / (Loss)		 -14,895 -14,322 -14,017 -14,815 -14,275 -14,504 -15,458 -15,536 -16,843 -16,482 -15,758
Noncontrolling Interest		 1,721 1,651 1,539 1,508 1,539 1,517 1,558 1,636 1,516 1,552 1,597

Annual Metrics And Ratios for CocaCola

This table displays calculated financial ratios and metrics derived from CocaCola's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.83% -3.70% -5.49% -13.50% -5.28% 8.65% -11.41% 17.09% 11.25% 6.39% 2.86%
EBITDA Growth		 -18.46% 8.71% -18.98% -20.99% 18.09% 34.11% -0.97% 20.98% -13.47% 9.26% 0.38%
EBIT Growth		 -21.83% 10.82% -21.02% -18.94% 24.80% 35.33% -2.79% 25.11% -13.50% 11.59% 0.87%
NOPAT Growth		 -3.52% -9.75% 4.12% -79.28% 399.00% 16.60% -14.68% 13.46% 9.85% 4.61% -13.01%
Net Income Growth		 -17.41% 3.40% -11.08% -80.41% 404.75% 38.74% -13.54% 26.21% -2.38% 11.83% -0.50%
EPS Growth		 -15.79% 4.38% -10.78% -80.54% 417.24% 38.00% -13.53% 25.70% -2.67% 12.79% -0.40%
Operating Cash Flow Growth		 0.69% -0.82% -16.49% -19.92% 8.32% 37.29% -5.99% 28.25% -12.73% 5.27% -41.33%
Free Cash Flow Firm Growth		 14.63% 19.27% -29.59% 63.23% -110.70% 272.55% 178.94% -32.85% 187.35% -25.61% -69.22%
Invested Capital Growth		 -6.08% -13.63% -3.93% -39.58% 47.37% 22.06% 0.83% 10.59% -11.96% -1.72% 16.06%
Revenue Q/Q Growth		 -0.36% -1.93% -1.39% -2.94% 0.48% 1.61% -1.37% 2.26% 1.56% 1.61% 1.50%
EBITDA Q/Q Growth		 -11.66% 6.09% -10.41% 5.35% -0.31% 14.31% 1.26% 2.02% -3.75% -0.69% 3.43%
EBIT Q/Q Growth		 -13.70% 7.12% -11.96% 9.06% 0.38% 14.96% 1.15% 3.02% -3.88% -0.46% 3.70%
NOPAT Q/Q Growth		 -6.97% 2.39% 0.33% -73.70% 147.13% 1.36% -4.66% -0.71% 3.66% 1.26% 4.19%
Net Income Q/Q Growth		 -11.62% 6.74% -9.52% -71.78% 128.67% 14.50% -7.07% 11.06% -3.95% -0.65% 2.18%
EPS Q/Q Growth		 -12.57% 6.37% -9.70% -72.12% 123.88% 15.00% -6.77% 10.29% -3.95% -0.40% 2.07%
Operating Cash Flow Q/Q Growth		 -1.79% -4.52% -0.78% -11.22% 11.04% 7.86% 10.36% -1.79% -3.87% -2.36% 23.19%
Free Cash Flow Firm Q/Q Growth		 34.00% -2.53% -23.99% -2.89% -103.34% 105.82% -40.08% -5.05% 40.94% 9.53% 46.23%
Invested Capital Q/Q Growth		 -2.61% -1.61% 7.46% -7.83% 233.20% 7.20% 24.30% 22.24% 10.67% 8.05% 4.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 61.11% 60.53% 60.67% 62.11% 61.90% 60.77% 59.31% 60.27% 58.14% 59.52% 61.06%
EBITDA Margin		 22.66% 25.58% 21.93% 20.03% 24.97% 30.82% 34.45% 35.60% 27.69% 28.43% 27.75%
Operating Margin		 21.11% 19.70% 20.68% 21.42% 26.68% 27.06% 27.25% 26.67% 25.37% 24.72% 21.23%
EBIT Margin		 18.36% 21.13% 17.66% 16.55% 21.80% 27.16% 29.80% 31.84% 24.76% 25.97% 25.46%
Profit (Net Income) Margin		 15.49% 16.63% 15.65% 3.54% 18.88% 24.11% 23.53% 25.36% 22.26% 23.39% 22.63%
Tax Burden Percent		 76.40% 76.69% 80.51% 18.62% 78.74% 83.30% 79.68% 78.91% 81.90% 82.64% 81.38%
Interest Burden Percent		 110.42% 102.63% 110.06% 114.99% 109.99% 106.58% 99.10% 100.95% 109.76% 109.01% 109.20%
Effective Tax Rate		 23.60% 23.31% 19.49% 81.38% 21.26% 16.70% 20.32% 21.09% 18.10% 17.36% 18.62%
Return on Invested Capital (ROIC)		 19.75% 19.74% 22.62% 5.96% 31.94% 28.15% 21.76% 23.35% 25.98% 29.27% 23.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.48% 31.45% 15.98% 0.79% 11.33% 34.13% 26.86% 37.56% 33.01% 54.97% 58.42%
Return on Net Nonoperating Assets (RNNOA)		 2.52% 6.41% 4.12% 0.12% 2.11% 16.60% 14.90% 19.14% 11.79% 10.88% 15.77%
Return on Equity (ROE)		 22.26% 26.16% 26.74% 6.08% 34.05% 44.75% 36.66% 42.49% 37.77% 40.16% 39.55%
Cash Return on Invested Capital (CROIC)		 26.01% 34.37% 26.64% 55.32% -6.35% 8.29% 20.94% 13.30% 38.70% 31.01% 8.91%
Operating Return on Assets (OROA)		 9.28% 10.28% 8.34% 6.84% 8.74% 11.93% 11.33% 13.55% 11.38% 12.48% 12.09%
Return on Assets (ROA)		 7.83% 8.09% 7.39% 1.46% 7.57% 10.60% 8.95% 10.79% 10.23% 11.24% 10.74%
Return on Common Equity (ROCE)		 22.09% 25.95% 26.54% 5.78% 30.49% 40.08% 33.11% 38.95% 35.10% 37.70% 37.31%
Return on Equity Simple (ROE_SIMPLE)		 23.50% 28.83% 28.40% 7.52% 38.14% 47.34% 40.25% 42.63% 39.71% 41.26% 42.84%
Net Operating Profit after Tax (NOPAT)		 7,417 6,693 6,969 1,444 7,206 8,402 7,169 8,134 8,935 9,347 8,131
NOPAT Margin		 16.12% 15.11% 16.65% 3.99% 21.01% 22.55% 21.71% 21.04% 20.78% 20.43% 17.28%
Net Nonoperating Expense Percent (NNEP)		 5.26% -11.71% 6.64% 5.17% 20.61% -5.97% -5.10% -14.21% -7.03% -25.70% -34.64%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 14.27% 14.38% 11.72%
Cost of Revenue to Revenue		 38.89% 39.47% 39.33% 37.89% 38.10% 39.23% 40.69% 39.73% 41.86% 40.48% 38.94%
SG&A Expenses to Revenue		 37.43% 37.09% 39.99% 40.69% 35.22% 33.71% 32.06% 33.61% 32.78% 34.80% 39.83%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 40.00% 40.83% 39.99% 40.69% 35.22% 33.71% 32.06% 33.61% 32.78% 34.80% 39.83%
Earnings before Interest and Taxes (EBIT)		 8,445 9,359 7,392 5,992 7,478 10,120 9,838 12,308 10,647 11,881 11,984
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10,421 11,329 9,179 7,252 8,564 11,485 11,374 13,760 11,907 13,009 13,059
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.50 5.58 6.11 9.32 10.00 10.86 10.97 10.31 10.73 9.53 10.79
Price to Tangible Book Value (P/TBV)		 34.58 100.21 72.81 364.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.97 3.22 3.36 4.39 4.95 5.53 6.41 6.13 6.02 5.40 5.70
Price to Earnings (P/E)		 19.23 19.39 21.58 127.50 26.38 23.10 27.34 24.26 27.12 23.08 25.23
Dividend Yield		 3.91% 4.03% 4.29% 3.96% 3.91% 3.33% 3.33% 3.06% 2.94% 3.22% 3.12%
Earnings Yield		 5.20% 5.16% 4.64% 0.78% 3.79% 4.33% 3.66% 4.12% 3.69% 4.33% 3.96%
Enterprise Value to Invested Capital (EV/IC)		 3.94 4.81 4.88 9.11 6.68 6.70 6.82 6.85 8.29 7.99 7.62
Enterprise Value to Revenue (EV/Rev)		 3.11 3.41 3.52 4.59 5.24 5.90 6.83 6.48 6.21 5.53 5.95
Enterprise Value to EBITDA (EV/EBITDA)		 13.74 13.34 16.04 22.90 20.97 19.14 19.83 18.21 22.41 19.44 21.45
Enterprise Value to EBIT (EV/EBIT)		 16.96 16.15 19.92 27.72 24.02 21.73 22.93 20.36 25.07 21.29 23.37
Enterprise Value to NOPAT (EV/NOPAT)		 19.31 22.58 21.13 115.01 24.93 26.17 31.46 30.82 29.87 27.06 34.45
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.49 14.36 16.75 23.59 23.55 21.00 22.91 19.85 24.22 21.81 41.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.66 12.97 17.94 12.40 0.00 88.91 32.70 54.11 20.05 25.55 91.92
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.37 1.71 1.97 2.51 2.32 2.03 2.01 1.72 1.42 1.36 1.63
Long-Term Debt to Equity		 0.62 1.10 1.28 1.64 1.33 1.30 1.89 1.53 1.41 1.29 1.61
Financial Leverage		 0.17 0.20 0.26 0.15 0.19 0.49 0.55 0.51 0.36 0.20 0.27
Leverage Ratio		 2.84 3.23 3.62 4.15 4.50 4.22 4.10 3.94 3.69 3.57 3.68
Compound Leverage Factor		 3.14 3.32 3.98 4.77 4.95 4.50 4.06 3.97 4.05 3.90 4.02
Debt to Total Capital		 57.73% 63.13% 66.31% 71.53% 69.88% 66.96% 66.78% 63.24% 58.75% 57.71% 62.00%
Short-Term Debt to Total Capital		 31.37% 22.62% 23.25% 24.76% 29.77% 23.88% 4.16% 6.87% 0.64% 3.02% 0.93%
Long-Term Debt to Total Capital		 26.36% 40.51% 43.06% 46.78% 40.11% 43.09% 62.62% 56.37% 58.11% 54.70% 61.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.33% 0.30% 0.23% 2.86% 3.28% 3.32% 3.10% 2.75% 2.75% 2.37% 2.18%
Common Equity to Total Capital		 41.93% 36.57% 33.46% 25.61% 26.84% 29.72% 30.12% 34.01% 38.51% 39.92% 35.82%
Debt to EBITDA		 4.01 3.89 4.98 6.58 5.16 3.72 3.76 3.11 3.09 2.88 3.29
Net Debt to EBITDA		 0.62 0.74 0.68 0.70 0.91 1.02 1.04 0.85 0.54 0.32 0.79
Long-Term Debt to EBITDA		 1.83 2.50 3.23 4.30 2.96 2.40 3.53 2.77 3.06 2.73 3.24
Debt to NOPAT		 5.63 6.59 6.56 33.02 6.14 5.09 5.97 5.26 4.12 4.01 5.29
Net Debt to NOPAT		 0.87 1.26 0.90 3.50 1.09 1.39 1.65 1.44 0.71 0.45 1.27
Long-Term Debt to NOPAT		 2.57 4.23 4.26 21.59 3.52 3.28 5.60 4.69 4.07 3.80 5.21
Altman Z-Score		 3.11 3.26 3.23 3.11 3.30 3.69 3.81 3.95 4.27 4.08 4.10
Noncontrolling Interest Sharing Ratio		 0.79% 0.80% 0.75% 4.89% 10.47% 10.44% 9.68% 8.33% 7.07% 6.12% 5.67%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.02 1.24 1.28 1.34 0.87 0.76 1.32 1.13 1.15 1.13 1.03
Quick Ratio		 0.81 0.89 0.98 0.90 0.69 0.56 0.96 0.81 0.77 0.72 0.72
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 9,771 11,653 8,205 13,394 -1,433 2,473 6,898 4,632 13,309 9,900 3,047
Operating Cash Flow to CapEx		 486.26% 426.58% 416.29% 428.81% 586.69% 973.14% 996.36% 1,002.78% 781.97% 652.36% 336.22%
Free Cash Flow to Firm to Interest Expense		 20.23 13.61 11.19 15.70 -1.51 2.61 4.80 2.90 15.09 6.48 1.84
Operating Cash Flow to Interest Expense		 21.98 12.30 11.99 8.25 8.03 11.07 6.85 7.91 12.49 7.60 4.11
Operating Cash Flow Less CapEx to Interest Expense		 17.46 9.42 9.11 6.33 6.66 9.93 6.16 7.12 10.89 6.43 2.89
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.51 0.49 0.47 0.41 0.40 0.44 0.38 0.43 0.46 0.48 0.47
Accounts Receivable Turnover		 9.85 10.54 10.74 9.63 9.33 9.74 9.28 11.62 12.29 13.27 13.49
Inventory Turnover		 5.61 5.83 5.90 5.15 4.56 4.53 4.04 4.60 4.71 4.28 4.00
Fixed Asset Turnover		 3.11 3.26 3.61 3.84 3.85 3.65 3.05 3.74 4.35 4.80 4.82
Accounts Payable Turnover		 1.90 1.85 1.72 1.50 1.43 1.40 1.20 1.19 1.19 1.19 0.99
Days Sales Outstanding (DSO)		 37.05 34.64 33.99 37.91 39.12 37.49 39.33 31.42 29.70 27.51 27.06
Days Inventory Outstanding (DIO)		 65.06 62.66 61.82 70.89 79.97 80.52 90.28 79.38 77.53 85.31 91.15
Days Payable Outstanding (DPO)		 191.91 197.24 212.26 242.58 255.32 260.22 305.10 306.18 307.90 307.79 370.50
Cash Conversion Cycle (CCC)		 -89.80 -99.95 -116.45 -133.77 -136.23 -142.21 -175.49 -195.37 -200.66 -194.97 -252.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 36,385 31,425 30,189 18,239 26,878 32,807 33,078 36,580 32,206 31,653 36,737
Invested Capital Turnover		 1.22 1.31 1.36 1.50 1.52 1.25 1.00 1.11 1.25 1.43 1.38
Increase / (Decrease) in Invested Capital		 -2,354 -4,960 -1,236 -11,950 8,639 5,929 271 3,502 -4,374 -553 5,084
Enterprise Value (EV)		 143,195 151,143 147,237 166,083 179,629 219,867 225,546 250,637 266,867 252,940 280,084
Market Capitalization		 136,509 142,505 140,820 159,120 169,732 206,041 211,767 237,056 258,766 247,228 268,203
Book Value per Share		 $6.92 $5.88 $5.35 $4.01 $3.99 $4.43 $4.49 $5.32 $5.57 $6.00 $5.77
Tangible Book Value per Share		 $0.90 $0.33 $0.45 $0.10 ($1.08) ($1.82) ($2.15) ($2.69) ($2.20) ($1.57) ($1.53)
Total Capital		 72,306 69,880 68,929 66,662 63,272 63,861 64,077 67,621 62,602 64,987 69,395
Total Debt		 41,745 44,116 45,709 47,685 44,214 42,763 42,793 42,761 36,776 37,507 43,023
Total Long-Term Debt		 19,063 28,311 29,684 31,182 25,376 27,516 40,125 38,116 36,377 35,547 42,375
Net Debt		 6,445 8,428 6,259 5,058 7,820 11,709 11,794 11,720 6,380 4,173 10,365
Capital Expenditures (CapEx)		 2,183 2,468 2,112 1,642 1,300 1,076 988 1,259 1,409 1,778 2,024
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,619 2,371 1,302 5,179 -1,129 -2,490 -3,607 -5,385 -8,365 -8,542 -13,175
Debt-free Net Working Capital (DFNWC)		 23,294 22,271 23,503 25,854 14,986 8,685 7,307 7,240 3,266 5,121 1,396
Net Working Capital (NWC)		 612 6,466 7,478 9,351 -3,852 -6,562 4,639 2,595 2,867 3,161 748
Net Nonoperating Expense (NNE)		 293 -673 419 161 730 -583 -599 -1,670 -636 -1,356 -2,518
Net Nonoperating Obligations (NNO)		 5,824 5,661 6,969 -738 7,820 11,709 11,794 11,720 6,380 4,173 10,365
Total Depreciation and Amortization (D&A)		 1,976 1,970 1,787 1,260 1,086 1,365 1,536 1,452 1,260 1,128 1,075
Debt-free, Cash-free Net Working Capital to Revenue		 3.52% 5.35% 3.11% 14.30% -3.29% -6.68% -10.93% -13.93% -19.45% -18.67% -28.00%
Debt-free Net Working Capital to Revenue		 50.64% 50.28% 56.14% 71.40% 43.69% 23.31% 22.13% 18.73% 7.59% 11.19% 2.97%
Net Working Capital to Revenue		 1.33% 14.60% 17.86% 25.82% -11.23% -17.61% 14.05% 6.71% 6.67% 6.91% 1.59%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.62 $1.69 $1.51 $0.29 $1.51 $2.09 $1.80 $2.26 $2.20 $2.48 $2.47
Adjusted Weighted Average Basic Shares Outstanding		 4.39B 4.35B 4.32B 4.27B 4.26B 4.28B 4.30B 4.32B 4.33B 4.32B 4.31B
Adjusted Diluted Earnings per Share		 $1.60 $1.67 $1.49 $0.29 $1.50 $2.07 $1.79 $2.25 $2.19 $2.47 $2.46
Adjusted Weighted Average Diluted Shares Outstanding		 4.45B 4.41B 4.37B 4.32B 4.30B 4.31B 4.32B 4.34B 4.35B 4.34B 4.32B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.37B 4.33B 4.29B 4.27B 4.28B 4.29B 4.31B 4.34B 4.33B 4.31B 4.30B
Normalized Net Operating Profit after Tax (NOPAT)		 8,320 7,964 6,969 5,429 7,206 8,402 7,169 8,134 8,935 9,347 8,131
Normalized NOPAT Margin		 18.09% 17.98% 16.65% 14.99% 21.01% 22.55% 21.71% 21.04% 20.78% 20.43% 17.28%
Pre Tax Income Margin		 20.27% 21.68% 19.43% 19.03% 23.98% 28.94% 29.53% 32.14% 27.17% 28.31% 27.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 17.48 10.93 10.08 7.02 7.87 10.70 6.85 7.71 12.07 7.78 7.24
NOPAT to Interest Expense		 15.36 7.82 9.51 1.69 7.59 8.88 4.99 5.09 10.13 6.12 4.91
EBIT Less CapEx to Interest Expense		 12.96 8.05 7.20 5.10 6.50 9.56 6.16 6.92 10.47 6.62 6.01
NOPAT Less CapEx to Interest Expense		 10.84 4.94 6.63 -0.23 6.22 7.74 4.30 4.30 8.53 4.96 3.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 75.10% 77.94% 92.26% 492.60% 102.59% 76.18% 90.72% 73.97% 79.57% 74.30% 78.50%
Augmented Payout Ratio		 133.52% 126.32% 148.46% 779.58% 132.12% 88.46% 92.24% 75.10% 94.39% 95.68% 95.35%

Quarterly Metrics And Ratios for CocaCola

This table displays calculated financial ratios and metrics derived from CocaCola's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/29/2023 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.98% 4.66% 5.71% 8.04% 7.15% 2.91% 3.27% -0.83% 6.41% -1.51% 1.39%
EBITDA Growth		 -15.00% 17.77% 19.94% 2.63% -3.46% -8.25% 4.69% -4.69% 17.06% 6.74% 64.35%
EBIT Growth		 -15.63% 20.67% 25.23% 3.46% -2.37% -8.24% 5.70% -4.43% 18.88% 7.09% 70.54%
NOPAT Growth		 23.31% -5.97% 7.92% 12.65% 6.58% -31.90% -0.70% -25.75% 17.47% 70.79% 62.62%
Net Income Growth		 -16.08% 11.46% 32.68% 9.25% -3.40% 2.31% -4.76% -7.56% 11.43% 4.71% 58.39%
EPS Growth		 -16.36% 12.50% 34.09% 9.23% -2.17% 2.78% -5.08% -7.04% 11.11% 4.05% 57.14%
Operating Cash Flow Growth		 -13.08% -74.32% 13.92% 22.09% -9.49% 230.00% -19.78% -129.28% 47.98% -1,085.23% 6.30%
Free Cash Flow Firm Growth		 387.07% 4,171.21% 240.33% -20.73% -60.99% -44.22% -61.93% -235.56% -224.27% -294.62% -545.10%
Invested Capital Growth		 -11.96% -14.48% -9.63% 0.66% -1.72% -8.40% 0.34% 19.53% 16.06% 40.92% 41.72%
Revenue Q/Q Growth		 -8.48% 8.44% 9.03% -0.16% -9.24% 4.16% 9.41% -4.12% -2.62% -3.59% 12.63%
EBITDA Q/Q Growth		 -21.33% 62.34% -35.03% 23.69% -26.01% 54.29% -25.87% 12.61% -9.12% 40.69% 14.14%
EBIT Q/Q Growth		 -23.49% 71.49% -37.42% 26.00% -27.80% 61.18% -27.91% 13.93% -10.20% 45.19% 14.80%
NOPAT Q/Q Growth		 -32.56% 51.55% -18.73% 35.62% -36.19% -3.17% 18.50% 1.41% 0.95% 40.78% 12.83%
Net Income Q/Q Growth		 -27.14% 51.41% -19.02% 22.29% -35.58% 60.37% -24.62% 18.70% -22.35% 50.70% 14.03%
EPS Q/Q Growth		 -29.23% 56.52% -18.06% 20.34% -36.62% 64.44% -24.32% 17.86% -24.24% 54.00% 14.29%
Operating Cash Flow Q/Q Growth		 -16.24% -94.58% 2,693.13% -3.78% -37.91% -80.22% 578.98% -135.12% 413.82% -231.66% 173.26%
Free Cash Flow Firm Q/Q Growth		 81.33% 27.28% -32.57% -49.06% -10.78% 73.39% -53.97% -281.36% 18.21% -185.06% -5.26%
Invested Capital Q/Q Growth		 10.67% -5.49% -3.95% 0.20% 8.05% -11.59% 5.22% 19.36% 4.92% 6.95% 5.81%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 55.43% 60.68% 58.97% 61.04% 57.29% 62.52% 61.08% 60.65% 60.04% 62.59% 62.39%
EBITDA Margin		 25.97% 38.87% 23.16% 28.70% 23.39% 34.65% 23.48% 27.58% 25.74% 37.56% 38.06%
Operating Margin		 20.49% 30.66% 20.06% 27.36% 20.95% 18.95% 21.29% 21.17% 23.47% 32.88% 34.14%
EBIT Margin		 22.93% 36.27% 20.82% 26.27% 20.90% 32.34% 21.31% 25.32% 23.35% 35.16% 35.84%
Profit (Net Income) Margin		 20.31% 28.35% 21.06% 25.79% 18.31% 28.19% 19.42% 24.04% 19.17% 29.97% 30.34%
Tax Burden Percent		 82.24% 76.81% 87.53% 87.16% 80.02% 82.26% 79.29% 84.32% 78.87% 82.20% 79.30%
Interest Burden Percent		 107.67% 101.78% 115.57% 112.64% 109.48% 105.97% 114.96% 112.63% 104.12% 103.68% 106.77%
Effective Tax Rate		 17.76% 23.19% 12.47% 12.84% 19.98% 17.74% 20.71% 15.68% 21.13% 17.80% 20.70%
Return on Invested Capital (ROIC)		 21.07% 31.03% 25.16% 36.78% 24.02% 24.63% 26.78% 25.75% 25.47% 37.73% 35.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 24.94% 39.58% 34.25% 44.37% 27.19% 105.90% 44.19% 43.38% 26.52% 43.44% 42.09%
Return on Net Nonoperating Assets (RNNOA)		 8.90% 9.08% 6.04% 5.20% 5.38% 6.77% 2.90% 6.45% 7.16% 8.95% 9.73%
Return on Equity (ROE)		 29.98% 40.11% 31.20% 41.98% 29.41% 31.40% 29.68% 32.19% 32.63% 46.68% 45.67%
Cash Return on Invested Capital (CROIC)		 38.70% 42.13% 39.10% 30.96% 31.01% 37.95% 28.71% 6.48% 8.91% -6.09% -4.41%
Operating Return on Assets (OROA)		 10.54% 16.48% 9.59% 12.45% 10.04% 15.14% 9.92% 11.52% 11.08% 16.40% 16.41%
Return on Assets (ROA)		 9.33% 12.88% 9.70% 12.22% 8.79% 13.20% 9.04% 10.94% 9.10% 13.97% 13.89%
Return on Common Equity (ROCE)		 27.86% 37.38% 29.21% 39.46% 27.61% 29.58% 28.01% 30.38% 30.78% 44.11% 43.17%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 39.22% 40.41% 40.92% 0.00% 40.77% 41.21% 39.30% 0.00% 41.21% 42.68%
Net Operating Profit after Tax (NOPAT)		 1,706 2,586 2,102 2,850 1,819 1,761 2,087 2,116 2,136 3,008 3,394
NOPAT Margin		 16.85% 23.55% 17.56% 23.85% 16.76% 15.59% 16.88% 17.85% 18.51% 27.03% 27.07%
Net Nonoperating Expense Percent (NNEP)		 -3.86% -8.55% -9.08% -7.60% -3.17% -81.27% -17.41% -17.63% -1.05% -5.70% -6.15%
Return On Investment Capital (ROIC_SIMPLE)		 2.73% - - - 2.80% - - - 3.08% 4.21% 4.51%
Cost of Revenue to Revenue		 44.57% 39.32% 41.03% 38.96% 42.71% 37.48% 38.92% 39.35% 39.96% 37.41% 37.61%
SG&A Expenses to Revenue		 34.93% 30.02% 38.92% 33.68% 36.34% 43.58% 39.79% 39.48% 36.57% 29.72% 28.25%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 34.93% 30.02% 38.92% 33.68% 36.34% 43.58% 39.79% 39.48% 36.57% 29.72% 28.25%
Earnings before Interest and Taxes (EBIT)		 2,322 3,982 2,492 3,140 2,267 3,654 2,634 3,001 2,695 3,913 4,492
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,629 4,268 2,773 3,430 2,538 3,916 2,903 3,269 2,971 4,180 4,771
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 10.73 10.23 9.70 8.92 9.53 9.93 10.61 11.67 10.79 11.55 10.59
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.02 5.93 5.72 5.21 5.40 5.70 5.90 6.67 5.70 6.45 6.43
Price to Earnings (P/E)		 27.12 26.15 24.01 21.80 23.08 24.34 25.75 29.72 25.23 28.07 24.85
Dividend Yield		 2.94% 2.98% 3.08% 3.35% 3.22% 3.07% 2.97% 2.67% 3.12% 2.79% 2.83%
Earnings Yield		 3.69% 3.82% 4.17% 4.59% 4.33% 4.11% 3.88% 3.36% 3.96% 3.56% 4.02%
Enterprise Value to Invested Capital (EV/IC)		 8.29 8.65 8.74 8.12 7.99 9.47 9.47 9.08 7.62 8.04 7.59
Enterprise Value to Revenue (EV/Rev)		 6.21 6.05 5.79 5.28 5.53 5.73 5.98 6.86 5.95 6.73 6.71
Enterprise Value to EBITDA (EV/EBITDA)		 22.41 20.98 19.64 18.15 19.44 20.85 21.72 25.18 21.45 23.70 20.78
Enterprise Value to EBIT (EV/EBIT)		 25.07 23.24 21.60 19.92 21.29 22.84 23.74 27.51 23.37 25.79 22.39
Enterprise Value to NOPAT (EV/NOPAT)		 29.87 30.07 28.64 25.76 27.06 31.02 32.64 40.74 34.45 33.71 29.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.22 24.95 23.02 20.02 21.81 22.05 25.05 57.55 41.16 293.72 242.66
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.05 18.93 21.23 26.31 25.55 23.85 33.03 152.56 91.92 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.42 1.38 1.34 1.30 1.36 1.31 1.46 1.57 1.63 1.57 1.49
Long-Term Debt to Equity		 1.41 1.34 1.29 1.23 1.29 1.26 1.39 1.53 1.61 1.57 1.49
Financial Leverage		 0.36 0.23 0.18 0.12 0.20 0.06 0.07 0.15 0.27 0.21 0.23
Leverage Ratio		 3.69 3.56 3.66 3.64 3.57 3.59 3.63 3.64 3.68 3.61 3.57
Compound Leverage Factor		 3.97 3.63 4.23 4.10 3.91 3.80 4.18 4.10 3.83 3.74 3.81
Debt to Total Capital		 58.75% 57.90% 57.18% 56.57% 57.71% 56.63% 59.35% 61.01% 62.00% 61.15% 59.89%
Short-Term Debt to Total Capital		 0.64% 1.27% 1.82% 3.25% 3.02% 2.16% 2.88% 1.48% 0.93% 0.23% 0.12%
Long-Term Debt to Total Capital		 58.11% 56.62% 55.36% 53.33% 54.70% 54.47% 56.48% 59.54% 61.06% 60.93% 59.77%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.75% 2.59% 2.39% 2.35% 2.37% 2.35% 2.31% 2.27% 2.18% 2.17% 2.12%
Common Equity to Total Capital		 38.51% 39.52% 40.42% 41.08% 39.92% 41.01% 38.34% 36.72% 35.82% 36.67% 37.99%
Debt to EBITDA		 3.09 2.94 2.83 2.77 2.88 2.88 3.13 3.49 3.29 3.28 2.97
Net Debt to EBITDA		 0.54 0.28 0.13 0.11 0.32 -0.01 0.15 0.54 0.79 0.87 0.75
Long-Term Debt to EBITDA		 3.06 2.88 2.74 2.61 2.73 2.77 2.98 3.41 3.24 3.27 2.96
Debt to NOPAT		 4.12 4.22 4.12 3.93 4.01 4.29 4.70 5.65 5.29 4.67 4.22
Net Debt to NOPAT		 0.71 0.41 0.19 0.16 0.45 -0.01 0.23 0.88 1.27 1.23 1.07
Long-Term Debt to NOPAT		 4.07 4.13 3.99 3.70 3.80 4.13 4.48 5.51 5.21 4.65 4.21
Altman Z-Score		 3.97 3.86 3.74 3.69 3.75 3.86 3.84 3.93 3.79 4.13 4.15
Noncontrolling Interest Sharing Ratio		 7.07% 6.79% 6.37% 6.01% 6.12% 5.78% 5.63% 5.62% 5.67% 5.51% 5.48%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.15 1.15 1.14 1.14 1.13 1.04 1.08 1.06 1.03 1.10 1.21
Quick Ratio		 0.77 0.81 0.82 0.78 0.72 0.75 0.80 0.78 0.72 0.75 0.84
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,080 7,739 5,219 2,658 2,372 4,317 1,987 -3,604 -2,948 -8,402 -8,844
Operating Cash Flow to CapEx		 434.46% 62.75% 1,387.89% 1,137.57% 324.42% 148.31% 863.86% -275.49% 496.36% -1,728.24% 872.08%
Free Cash Flow to Firm to Interest Expense		 20.00 20.80 13.95 7.22 5.74 11.30 4.75 -8.48 -6.84 -21.71 -19.87
Operating Cash Flow to Interest Expense		 9.70 0.43 11.95 11.68 6.46 1.38 8.58 -2.96 9.17 -13.44 8.56
Operating Cash Flow Less CapEx to Interest Expense		 7.47 -0.26 11.09 10.66 4.47 0.45 7.58 -4.04 7.32 -14.22 7.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.46 0.45 0.46 0.47 0.48 0.47 0.47 0.45 0.47 0.47 0.46
Accounts Receivable Turnover		 12.29 9.41 10.43 12.03 13.27 10.42 10.91 12.00 13.49 11.25 10.80
Inventory Turnover		 4.71 4.30 4.43 4.62 4.28 3.81 3.90 4.09 4.00 3.63 3.69
Fixed Asset Turnover		 4.35 4.43 4.61 4.97 4.80 4.81 4.84 4.95 4.82 4.75 4.64
Accounts Payable Turnover		 1.19 1.26 1.19 1.12 1.19 1.05 0.96 0.90 0.99 1.02 0.93
Days Sales Outstanding (DSO)		 29.70 38.77 35.00 30.35 27.51 35.03 33.44 30.42 27.06 32.44 33.79
Days Inventory Outstanding (DIO)		 77.53 84.79 82.41 78.96 85.31 95.89 93.64 89.20 91.15 100.62 98.97
Days Payable Outstanding (DPO)		 307.90 289.03 305.99 326.73 307.79 346.61 382.08 404.46 370.50 359.20 391.45
Cash Conversion Cycle (CCC)		 -200.66 -165.47 -188.58 -217.43 -194.97 -215.69 -254.99 -284.85 -252.28 -226.14 -258.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 32,206 30,437 29,235 29,294 31,653 27,881 29,335 35,014 36,737 39,291 41,573
Invested Capital Turnover		 1.25 1.32 1.43 1.54 1.43 1.58 1.59 1.44 1.38 1.40 1.33
Increase / (Decrease) in Invested Capital		 -4,374 -5,153 -3,117 192 -553 -2,556 100 5,720 5,084 11,410 12,238
Enterprise Value (EV)		 266,867 263,309 255,565 237,784 252,940 263,922 277,683 317,901 280,084 315,750 315,707
Market Capitalization		 258,766 258,089 252,343 234,815 247,228 262,470 274,201 309,405 268,203 302,661 302,719
Book Value per Share		 $5.57 $5.83 $6.02 $6.09 $6.00 $6.13 $6.00 $6.15 $5.77 $6.09 $6.64
Tangible Book Value per Share		 ($2.20) ($1.93) ($1.73) ($1.52) ($1.57) ($1.35) ($1.50) ($1.44) ($1.53) ($1.29) ($0.86)
Total Capital		 62,602 63,813 64,349 64,089 64,987 64,442 67,435 72,215 69,395 71,447 75,249
Total Debt		 36,776 36,945 36,797 36,256 37,507 36,496 40,024 44,061 43,023 43,693 45,067
Total Long-Term Debt		 36,377 36,134 35,626 34,176 35,547 35,104 38,085 42,994 42,375 43,530 44,976
Net Debt		 6,380 3,569 1,683 1,461 4,173 -65 1,924 6,860 10,365 11,537 11,391
Capital Expenditures (CapEx)		 679 255 322 378 823 356 415 457 796 301 437
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8,365 -9,961 -11,047 -9,897 -8,542 -14,421 -14,718 -15,378 -13,175 -11,254 -9,541
Debt-free Net Working Capital (DFNWC)		 3,266 4,334 4,647 5,538 5,121 2,498 4,275 2,786 1,396 2,533 4,756
Net Working Capital (NWC)		 2,867 3,523 3,476 3,458 3,161 1,106 2,336 1,719 748 2,370 4,665
Net Nonoperating Expense (NNE)		 -350 -527 -419 -233 -167 -1,424 -314 -734 -77 -327 -409
Net Nonoperating Obligations (NNO)		 6,380 3,569 1,683 1,461 4,173 -65 1,924 6,860 10,365 11,537 11,391
Total Depreciation and Amortization (D&A)		 307 286 281 290 271 262 269 268 276 267 279
Debt-free, Cash-free Net Working Capital to Revenue		 -19.45% -22.90% -25.03% -21.98% -18.67% -31.30% -31.68% -33.17% -28.00% -24.00% -20.27%
Debt-free Net Working Capital to Revenue		 7.59% 9.96% 10.53% 12.30% 11.19% 5.42% 9.20% 6.01% 2.97% 5.40% 10.11%
Net Working Capital to Revenue		 6.67% 8.10% 7.87% 7.68% 6.91% 2.40% 5.03% 3.71% 1.59% 5.05% 9.91%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.72 $0.59 $0.71 $0.46 $0.74 $0.56 $0.66 $0.51 $0.77 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 4.33B 4.33B 4.33B 4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B
Adjusted Diluted Earnings per Share		 $0.46 $0.72 $0.59 $0.71 $0.45 $0.74 $0.56 $0.66 $0.50 $0.77 $0.88
Adjusted Weighted Average Diluted Shares Outstanding		 4.35B 4.35B 4.34B 4.34B 4.34B 4.32B 4.32B 4.32B 4.32B 4.31B 4.32B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.33B 4.32B 4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B
Normalized Net Operating Profit after Tax (NOPAT)		 1,706 2,586 2,102 2,850 1,819 1,761 2,087 2,116 2,136 3,008 3,394
Normalized NOPAT Margin		 16.85% 23.55% 17.56% 23.85% 16.76% 15.59% 16.88% 17.85% 18.51% 27.03% 27.07%
Pre Tax Income Margin		 24.69% 36.91% 24.06% 29.59% 22.88% 34.27% 24.49% 28.51% 24.31% 36.45% 38.26%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.64 10.70 6.66 8.53 5.49 9.57 6.30 7.06 6.25 10.11 10.09
NOPAT to Interest Expense		 5.61 6.95 5.62 7.75 4.40 4.61 4.99 4.98 4.96 7.77 7.63
EBIT Less CapEx to Interest Expense		 5.40 10.02 5.80 7.51 3.50 8.63 5.31 5.99 4.41 9.33 9.11
NOPAT Less CapEx to Interest Expense		 3.38 6.27 4.76 6.72 2.41 3.68 4.00 3.90 3.11 6.99 6.64
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 79.57% 58.75% 56.08% 72.25% 74.30% 73.78% 75.52% 78.18% 78.50% 77.31% 69.32%
Augmented Payout Ratio		 94.39% 76.14% 68.37% 83.38% 95.68% 93.67% 95.04% 100.48% 95.35% 90.86% 80.74%

Key Financial Trends

Analyzing Coca-Cola's (NYSE:KO) financial statements over the past four years reveals several notable trends across income, balance sheet, and cash flow metrics that retail investors should be aware of.

  • Strong Revenue Growth: Operating revenue increased from about $10.1 billion in Q4 2022 to $12.5 billion in Q2 2025, showing steady top-line growth across quarters.
  • Net Income Expansion: Net income climbed from approximately $2.06 billion in Q4 2022 to $3.8 billion in Q2 2025, reflecting improved profitability.
  • Consistent Operating Cash Flow: Net cash provided by operating activities increased notably, turning positive $3.58 billion in Q2 2024 to $3.81 billion in Q2 2025, indicating strong cash generation capacity.
  • Controlled Capital Expenditures: Purchase of Property, Plant & Equipment has been managed around $300-400 million per quarter, showing disciplined investment in assets.
  • Dividends Increase and Stability: Cash dividends per common share have grown from $0.46 in early 2023 to $0.51 in 2025, signaling shareholder-friendly policies.
  • Debt Management: While long-term debt remains elevated near $45 billion, the company shows active repayment and issuance dynamics, maintaining balanced capital structure.
  • Total Assets Growth: Total assets have grown modestly from $92.8 billion in late 2022 to about $104.3 billion by mid-2025, showing steady expansion in the asset base.
  • Share Repurchases: Coca-Cola continues to repurchase common equity, contributing to treasury stock of approximately -$56 billion, which supports earnings per share growth but affects available capital.
  • Operating Expense Rise: Selling, general, & administrative expenses increased from roughly $3.5 billion in early 2023 to $3.54 billion in Q2 2025, slightly impacting operating margin improvement efforts.
  • Fluctuating Investing Cash Flow: Net cash from investing activities shows volatility quarter to quarter, with substantial acquisitions and investment purchases sometimes reducing cash flow.

Summary: Coca-Cola has demonstrated solid revenue and earnings growth coupled with strong cash flow from operations, evidencing healthy business operations. The company maintains a robust dividend policy and invests prudently in capital assets. However, investors should monitor rising operating expenses and the impact of ongoing share repurchases on capital availability. Debt levels are substantial but actively managed.

08/29/25 10:55 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About CocaCola's Financials

When does CocaCola's fiscal year end?

According to the most recent income statement we have on file, CocaCola's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has CocaCola's net income changed over the last 10 years?

CocaCola's net income appears to be on an upward trend, with a most recent value of $10.65 billion in 2024, rising from $7.12 billion in 2014. The previous period was $10.70 billion in 2023. View CocaCola's forecast to see where analysts expect CocaCola to go next.

What is CocaCola's operating income?
CocaCola's total operating income in 2024 was $9.99 billion, based on the following breakdown:
  • Total Gross Profit: $28.74 billion
  • Total Operating Expenses: $18.75 billion
How has CocaCola's revenue changed over the last 10 years?

Over the last 10 years, CocaCola's total revenue changed from $46.00 billion in 2014 to $47.06 billion in 2024, a change of 2.3%.

How much debt does CocaCola have?

CocaCola's total liabilities were at $74.18 billion at the end of 2024, a 5.6% increase from 2023, and a 20.7% increase since 2014.

How much cash does CocaCola have?

In the past 10 years, CocaCola's cash and equivalents has ranged from $6.01 billion in 2017 to $10.83 billion in 2024, and is currently $10.83 billion as of their latest financial filing in 2024.

How has CocaCola's book value per share changed over the last 10 years?

Over the last 10 years, CocaCola's book value per share changed from 6.92 in 2014 to 5.77 in 2024, a change of -16.6%.


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This page (NYSE:KO) was last updated on 8/29/2025 by MarketBeat.com Staff
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