## The Coca-Cola Company and Subsidiaries **Consolidated Statements of Income (in millions except per share data)**### Year Ended December 31:| Description | 2019 | 2018 | 2017 ||-------------|--------:|--------:|--------:|| **Net Operating Revenues** | $37,266 | $34,300 | $36,212 || Cost of goods sold | 14,619 | 13,067 | 13,721 || **Gross Profit** | 22,647 | 21,233 | 22,491 || Selling, general and administrative expenses | 12,103 | 11,042 | 12,834 || Other operating charges | 458 | 1,079 | 870 || **Operating Income** | 10,086 | 9,152 | 7,755 || Interest income | 564 | 890 | 837 || Interest expense | 946 | 950 | 853 || Equity income (loss) — net | 1,049 | (1,008) | (1,706) || Other income (loss) — net | 34 | (1,674) | (1,763) || **Income Before Income Taxes** | 10,786 | 6,410 | 5,607 || Income taxes | 1,801 | 1,749 | 4,324 || **Consolidated Net Income** | 8,985 | 6,476 | 1,283 || Less: Net income (loss) attributable to noncontrolling interests | 65 | 42 | 35 || **Net Income Attributable to Shareowners** | **$8,920** | **$6,434** | **$1,248** || **Basic Net Income Per Share** | $2.09 | $1.51 | $0.29 || **Diluted Net Income Per Share** | $2.07 | $1.50 | $0.29 || Average Shares Outstanding — Basic | 4,276 | 4,259 | 4,272 || Effect of dilutive securities | 38 | 40 | 52 || **Average Shares Outstanding — Diluted** | 4,314 | 4,299 | 4,324 |Note: Calcul **Analysis of Financial Statements – Coca-Cola Company 2019**### A. Preliminary Company Analysis for Fiscal Year 2019---#### Sizing the Company in Various Ways- **Sales (Total Revenues)**- **Operating Income Before Taxes**- **Ordinary Income After Taxes**- **Net Income**: 8,985- **Total Assets**- **Book Value**- **Operating Cash Flow**- **Market Cap***Note: 12/31/19 Stock Price: $54.69 per share*---#### Cash Flow Statement- **Operations:** - **Investments:** - **Financing:** - **Total Cash Flow:**---#### Income Statement- **Operating Income Before Taxes**- **Other Items**- **Ordinary Income After Taxes**- **Below-the-Line Items (Total)**- **Net Income**---#### Balance Sheet- **Current Assets**- **Long-term Assets**- **Current Liabilities**- **Long-term Liabilities**- **Owners’ Equity**: 21,098---This document provides a structured analysis of the Coca-Cola Company’s financial statements for the fiscal year 2019. Each section outlines different aspects of financial data, including net income, owners' equity, and various unspecified categories related to cash flow and income.

Financial Statement Analysis: This includes the analysis of income statement, cashflow statement,…

Analysis of Financial Statements – Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners’ Equity 21,098

Analysis of Financial Statements – Coca Cola Company 2019 A. Preliminary Company Analysis for fiscal year 2019 sizing the Company in Various Ways Sales (Total Revenues) Operating Income Before Taxes Ordinary Income After Taxes Net Income 8,985 Total Assets Book Value Operating Cash Flow Market Cap Note: 12/31/19 Stock Price: $54.69 per share Cash Flow Statement Operations Investments Financing Total Cash flow Income Statement Operating Income Before Taxes Other Items Ordinary Income After Taxes Below-the-Line Items (Total) Net Income Balance Sheet Current Assets Long-term Assets Current Liabilities Long-term Liabilities Owners’ Equity 21,098

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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