Coca-Cola (KO) Financials

$71.96 -0.56 (-0.77%)

Closing price 04/25/2025 03:59 PM Eastern

Extended Trading

$71.94 -0.02 (-0.03%)

As of 04/25/2025 07:59 PM Eastern

Annual Income Statements for Coca-Cola

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	2,825	2,031	3,107	2,547	3,087	1,973	3,177	2,411	2,848	2,195
Consolidated Net Income / (Loss)	2,822	2,056	3,113	2,521	3,083	1,986	3,185	2,401	2,850	2,213
Net Income / (Loss) Continuing Operations	2,822	2,056	3,113	2,521	3,083	1,986	3,185	2,401	2,850	2,213
Total Pre-Tax Income	3,444	2,500	4,053	2,880	3,537	2,482	3,872	3,028	3,380	2,806
Total Operating Income	3,088	2,075	3,367	2,401	3,270	2,273	2,141	2,632	2,510	2,709
Total Gross Profit	6,497	5,612	6,663	7,060	7,296	6,215	7,065	7,551	7,190	6,931
Total Revenue	11,063	10,125	10,980	11,972	11,953	10,849	11,300	12,363	11,854	11,544
Operating Revenue	11,063	10,125	10,980	11,972	11,953	10,849	11,300	12,363	11,854	11,544
Total Cost of Revenue	4,566	4,513	4,317	4,912	4,657	4,634	4,235	4,812	4,664	4,613
Operating Cost of Revenue	4,566	4,513	4,317	4,912	4,657	4,634	4,235	4,812	4,664	4,613
Total Operating Expenses	3,409	3,537	3,296	4,659	4,026	3,942	4,924	4,919	4,680	4,222
Selling, General & Admin Expense	3,409	3,537	3,296	4,659	4,026	3,942	4,924	4,919	4,680	4,222
Total Other Income / (Expense), net	356	425	686	479	267	209	1,731	396	870	97
Interest Expense	198	304	372	374	368	413	382	418	425	431
Interest & Investment Income	607	482	443	762	765	628	600	812	804	542
Other Income / (Expense), net	-53	247	615	91	-130	-6.00	1,513	2.00	491	-14
Income Tax Expense	622	444	940	359	454	496	687	627	530	593
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.00	25	6.00	-26	-4.00	13	8.00	-10	2.00	18
Basic Earnings per Share	$0.65	$0.47	$0.72	$0.59	$0.71	$0.46	$0.74	$0.56	$0.66	$0.51
Weighted Average Basic Shares Outstanding	4.33B	4.33B	4.33B	4.33B	4.32B	4.32B	4.31B	4.31B	4.31B	4.31B
Diluted Earnings per Share	$0.65	$0.46	$0.72	$0.59	$0.71	$0.45	$0.74	$0.56	$0.66	$0.50
Weighted Average Diluted Shares Outstanding	4.35B	4.35B	4.35B	4.34B	4.34B	4.34B	4.32B	4.32B	4.32B	4.32B
Weighted Average Basic & Diluted Shares Outstanding	4.32B	4.33B	4.32B	4.32B	4.32B	4.31B	4.31B	4.31B	4.31B	4.30B

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	1,119	-404	2,455	572	-642	-2,445	1,126	3,452	-109	-2,050
Net Cash From Operating Activities	3,522	2,950	160	4,469	4,300	2,670	528	3,585	-1,259	3,951
Net Cash From Continuing Operating Activities	3,522	2,950	160	4,469	4,300	2,670	528	3,585	-1,259	3,951
Net Income / (Loss) Continuing Operations	2,822	2,056	3,113	2,521	3,083	1,986	3,185	2,401	2,850	2,213
Consolidated Net Income / (Loss)	2,822	2,056	3,113	2,521	3,083	1,986	3,185	2,401	2,850	2,213
Depreciation Expense	307	307	286	281	290	271	262	269	268	276
Non-Cash Adjustments To Reconcile Net Income	-370	-96	-710	-270	-307	162	-1,433	-252	-727	-262
Changes in Operating Assets and Liabilities, net	763	683	-2,529	1,937	1,234	251	-1,486	1,167	-3,650	1,724
Net Cash From Investing Activities	-1,044	1,426	117	-883	-1,657	-926	330	667	2,310	-783
Net Cash From Continuing Investing Activities	-1,044	1,426	117	-883	-1,657	-926	330	667	2,310	-783
Purchase of Property, Plant & Equipment	-289	-708	-276	-339	-386	-851	-370	-422	-469	-803
Acquisitions	-34	-33	-20	-23	-2.00	-17	-8.00	-17	-128	-162
Purchase of Investments	-1,129	-582	-739	-1,364	-2,485	-2,110	-2,552	-1,275	-571	-1,242
Sale of Property, Plant & Equipment	13	29	21	17	8.00	28	14	7.00	12	7.00
Divestitures	11	229	319	1.00	7.00	103	2,893	14	561	17
Sale and/or Maturity of Investments	777	1,722	815	793	1,284	1,462	444	2,218	2,463	1,464
Other Investing Activities, net	-393	769	-3.00	32	-83	459	-91	142	442	-64
Net Cash From Financing Activities	-1,128	-5,172	2,065	-3,063	-3,087	-4,225	406	-938	-894	-5,484
Net Cash From Continuing Financing Activities	-1,128	-5,172	2,065	-3,063	-3,087	-4,225	406	-938	-894	-5,484
Repayment of Debt	-1,976	-1,211	-1,289	-1,533	-2,429	-248	-1,368	-3,375	-3,196	-1,625
Repurchase of Common Equity	-202	-6.00	-848	-236	-109	-1,096	-702	-172	-354	-567
Payment of Dividends	-100	-3,706	-101	-1,988	-1,989	-3,874	-99	-2,085	-2,090	-4,085
Issuance of Debt	1,095	-379	4,074	564	1,375	878	2,285	4,547	4,466	763
Issuance of Common Equity	55	130	229	130	65	115	290	147	280	30

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	89,996	87,270	87,896	83,216	86,381	87,296	94,354	92,763	97,703	100,549
Total Current Assets	33,395	34,010	36,545	24,930	20,411	19,240	22,545	22,591	26,732	25,997
Cash & Equivalents	7,309	8,555	6,006	9,077	6,480	6,795	9,684	9,519	9,366	10,828
Short-Term Investments	12,591	13,646	14,669	7,038	4,695	4,119	2,941	2,112	4,297	3,743
Accounts Receivable	3,941	3,856	3,667	3,685	3,971	3,144	3,512	3,487	3,410	3,569
Inventories, net	2,902	2,675	2,655	3,071	3,379	3,266	3,414	4,233	4,424	4,728
Prepaid Expenses	2,752	2,481	2,000	2,059	1,886	1,916	2,994	3,240	5,235	3,129
Plant, Property, & Equipment, net	12,571	10,635	8,203	9,598	10,838	10,777	9,920	9,841	9,236	10,303
Total Noncurrent Assets	44,030	42,625	43,148	48,688	55,132	57,279	61,889	60,331	61,735	64,249
Long-Term Investments	15,788	17,249	21,952	20,279	19,879	20,085	18,416	18,765	19,671	18,087
Goodwill	11,289	10,629	9,401	14,109	16,764	17,506	19,363	18,782	18,358	18,139
Intangible Assets	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	4,110	4,248	4,230	4,148	6,075	6,184	6,731	6,189	7,796	13,403
Total Liabilities & Shareholders' Equity	89,996	87,270	87,896	83,216	86,381	87,296	94,354	92,763	97,703	100,549
Total Liabilities	64,232	64,050	68,919	64,158	65,283	66,012	69,494	66,937	70,223	74,177
Total Current Liabilities	26,929	26,532	27,194	28,782	26,973	14,601	19,950	19,724	23,571	25,249
Short-Term Debt	15,805	16,025	16,503	18,838	15,247	2,668	4,645	399	1,960	648
Accounts Payable	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	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	37,303	37,518	41,725	35,376	38,310	51,411	49,544	47,213	46,652	48,928
Long-Term Debt	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	4,691	3,753	2,522	2,354	2,284	1,833	2,821	2,914	2,639	2,469
Other Noncurrent Operating Liabilities	4,301	4,081	8,021	7,646	8,510	9,453	8,607	7,922	8,466	4,084
Total Equity & Noncontrolling Interests	25,764	23,220	18,977	19,058	21,098	21,284	24,860	25,826	27,480	26,372
Total Preferred & Common Equity	25,554	23,062	17,072	16,981	18,981	19,299	22,999	24,105	25,941	24,856
Total Common Equity	25,554	23,062	17,072	16,981	18,981	19,299	22,999	24,105	25,941	24,856
Common Stock	15,776	16,753	17,624	18,280	18,914	19,361	19,876	20,582	20,969	21,561
Retained Earnings	65,018	65,502	60,430	63,234	65,855	66,555	69,094	71,019	73,782	76,054
Treasury Stock	-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)	-10,174	-11,205	-10,305	-12,814	-13,544	-14,601	-14,330	-14,895	-14,275	-16,843
Noncontrolling Interest	210	158	1,905	2,077	2,117	1,985	1,861	1,721	1,539	1,516

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	92,471	92,763	97,404	98,456	97,578	97,703	99,392	101,202	106,266	100,549
Total Current Assets	24,139	22,591	26,880	27,591	27,867	26,732	29,462	31,599	30,288	25,997
Cash & Equivalents	10,127	9,519	12,004	12,564	11,883	9,366	10,443	13,708	13,938	10,828
Short-Term Investments	3,093	2,112	2,291	3,130	3,552	4,297	6,476	5,285	4,226	3,743
Accounts Receivable	3,994	3,487	4,599	3,970	3,495	3,410	4,244	4,545	4,233	3,569
Inventories, net	3,708	4,233	4,727	4,646	4,252	4,424	4,961	4,763	4,714	4,728
Prepaid Expenses	3,217	3,240	3,259	3,281	4,685	5,235	3,338	3,298	3,177	3,129
Plant, Property, & Equipment, net	9,243	9,841	9,848	9,706	8,860	9,236	9,306	9,508	9,864	10,303
Total Noncurrent Assets	59,089	60,331	60,676	61,159	60,851	61,735	60,624	60,095	66,114	64,249
Long-Term Investments	18,305	18,765	19,081	19,420	19,360	19,671	19,642	19,107	19,037	18,087
Goodwill	18,329	18,782	18,678	18,545	18,144	18,358	18,210	18,324	18,686	18,139
Intangible Assets	14,617	14,849	14,897	14,941	14,741	14,349	14,024	13,981	14,059	13,301
Noncurrent Deferred & Refundable Income Taxes	1,708	1,746	1,696	1,661	1,575	1,561	1,457	1,409	1,428	1,319
Other Noncurrent Operating Assets	6,130	6,189	6,324	6,592	7,031	7,796	7,291	7,274	12,904	13,403
Total Liabilities & Shareholders' Equity	92,471	92,763	97,404	98,456	97,578	97,703	99,392	101,202	106,266	100,549
Total Liabilities	68,035	66,937	70,536	70,904	69,745	70,223	71,446	73,791	78,112	74,177
Total Current Liabilities	21,439	19,724	23,357	24,115	24,409	23,571	28,356	29,263	28,569	25,249
Short-Term Debt	729	399	811	1,171	2,080	1,960	1,392	1,939	1,067	648
Accounts Payable	16,103	15,749	15,593	16,483	16,837	15,485	19,425	21,909	23,820	21,715
Current Deferred & Payable Income Tax Liabilities	1,211	1,203	1,498	1,633	1,577	1,569	1,485	1,622	1,479	1,387
Other Current Liabilities	3,396	2,373	5,455	4,828	3,915	4,557	6,054	3,793	2,203	1,499
Total Noncurrent Liabilities	46,596	47,213	47,179	46,789	45,336	46,652	43,090	44,528	49,543	48,928
Long-Term Debt	35,462	36,377	36,134	35,626	34,176	35,547	35,104	38,085	42,994	42,375
Noncurrent Deferred & Payable Income Tax Liabilities	3,124	2,914	3,171	2,714	2,733	2,639	2,521	2,366	2,292	2,469
Other Noncurrent Operating Liabilities	8,010	7,922	7,874	8,449	8,427	8,466	5,465	4,077	4,257	4,084
Total Equity & Noncontrolling Interests	24,436	25,826	26,868	27,552	27,833	27,480	27,946	27,411	28,154	26,372
Total Preferred & Common Equity	22,805	24,105	25,217	26,013	26,325	25,941	26,429	25,853	26,518	24,856
Total Common Equity	22,805	24,105	25,217	26,013	26,325	25,941	26,429	25,853	26,518	24,856
Common Stock	20,447	20,582	20,649	20,753	20,841	20,969	21,081	21,228	21,470	21,561
Retained Earnings	70,893	71,019	72,137	72,695	73,793	73,782	74,868	75,189	75,946	76,054
Treasury Stock	-52,666	-52,601	-53,247	-53,418	-53,494	-54,535	-55,016	-55,106	-55,362	-55,916
Accumulated Other Comprehensive Income / (Loss)	-15,869	-14,895	-14,322	-14,017	-14,815	-14,275	-14,504	-15,458	-15,536	-16,843
Noncontrolling Interest	1,631	1,721	1,651	1,539	1,508	1,539	1,517	1,558	1,636	1,516

This table displays calculated financial ratios and metrics derived from Coca-Cola's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.70%	-5.49%	-13.50%	-5.28%	8.65%	-11.41%	17.09%	11.25%	6.39%	2.86%
EBITDA Growth	8.71%	-18.98%	-20.99%	18.09%	34.11%	-0.97%	20.98%	-13.47%	9.26%	0.38%
EBIT Growth	10.82%	-21.02%	-18.94%	24.80%	35.33%	-2.79%	25.11%	-13.50%	11.59%	0.87%
NOPAT Growth	-9.75%	4.12%	-79.28%	399.00%	16.60%	-14.68%	13.46%	9.85%	4.61%	-13.01%
Net Income Growth	3.40%	-11.08%	-80.41%	404.75%	38.74%	-13.54%	26.21%	-2.38%	11.83%	-0.50%
EPS Growth	4.38%	-10.78%	-80.54%	417.24%	38.00%	-13.53%	25.70%	-2.67%	12.79%	-0.40%
Operating Cash Flow Growth	-0.82%	-16.49%	-19.92%	8.32%	37.29%	-5.99%	28.25%	-12.73%	5.27%	-41.33%
Free Cash Flow Firm Growth	19.27%	-29.59%	63.23%	-110.70%	272.55%	178.94%	-32.85%	187.35%	-25.61%	-69.22%
Invested Capital Growth	-13.63%	-3.93%	-39.58%	47.37%	22.06%	0.83%	10.59%	-11.96%	-1.72%	16.06%
Revenue Q/Q Growth	-1.93%	-1.39%	-2.94%	0.48%	1.61%	-1.37%	2.26%	1.56%	1.61%	1.50%
EBITDA Q/Q Growth	6.09%	-10.41%	5.35%	-0.31%	14.31%	1.26%	2.02%	-3.75%	-0.69%	3.43%
EBIT Q/Q Growth	7.12%	-11.96%	9.06%	0.38%	14.96%	1.15%	3.02%	-3.88%	-0.46%	3.70%
NOPAT Q/Q Growth	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	6.74%	-9.52%	-71.78%	128.67%	14.50%	-7.07%	11.06%	-3.95%	-0.65%	2.18%
EPS Q/Q Growth	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	-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	-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	-1.61%	7.46%	-7.83%	233.20%	7.20%	24.30%	22.24%	10.67%	8.05%	4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.53%	60.67%	62.11%	61.90%	60.77%	59.31%	60.27%	58.14%	59.52%	61.06%
EBITDA Margin	25.58%	21.93%	20.03%	24.97%	30.82%	34.45%	35.60%	27.69%	28.43%	27.75%
Operating Margin	19.70%	20.68%	21.42%	26.68%	27.06%	27.25%	26.67%	25.37%	24.72%	21.23%
EBIT Margin	21.13%	17.66%	16.55%	21.80%	27.16%	29.80%	31.84%	24.76%	25.97%	25.46%
Profit (Net Income) Margin	16.63%	15.65%	3.54%	18.88%	24.11%	23.53%	25.36%	22.26%	23.39%	22.63%
Tax Burden Percent	76.69%	80.51%	18.62%	78.74%	83.30%	79.68%	78.91%	81.90%	82.64%	81.38%
Interest Burden Percent	102.63%	110.06%	114.99%	109.99%	106.58%	99.10%	100.95%	109.76%	109.01%	109.20%
Effective Tax Rate	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)	19.74%	22.62%	5.96%	31.94%	28.15%	21.76%	23.35%	25.98%	29.27%	23.78%
ROIC Less NNEP Spread (ROIC-NNEP)	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)	6.41%	4.12%	0.12%	2.11%	16.60%	14.90%	19.14%	11.79%	10.88%	15.77%
Return on Equity (ROE)	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)	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)	10.28%	8.34%	6.84%	8.74%	11.93%	11.33%	13.55%	11.38%	12.48%	12.09%
Return on Assets (ROA)	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)	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)	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)	6,693	6,969	1,444	7,206	8,402	7,169	8,134	8,935	9,347	8,131
NOPAT Margin	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)	-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	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	37.09%	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%
Operating Expenses to Revenue	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)	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)	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)	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)	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)	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)	19.39	21.58	127.50	26.38	23.10	27.34	24.26	27.12	23.08	25.23
Dividend Yield	4.03%	4.29%	3.96%	3.91%	3.33%	3.33%	3.06%	2.94%	3.22%	3.12%
Earnings Yield	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)	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)	3.41	3.52	4.59	5.24	5.90	6.83	6.48	6.21	5.53	5.95
Enterprise Value to EBITDA (EV/EBITDA)	13.34	16.04	22.90	20.97	19.14	19.83	18.21	22.41	19.44	21.45
Enterprise Value to EBIT (EV/EBIT)	16.15	19.92	27.72	24.02	21.73	22.93	20.36	25.07	21.29	23.37
Enterprise Value to NOPAT (EV/NOPAT)	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)	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)	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	1.71	1.97	2.51	2.32	2.03	2.01	1.72	1.42	1.36	1.63
Long-Term Debt to Equity	1.10	1.28	1.64	1.33	1.30	1.89	1.53	1.41	1.29	1.61
Financial Leverage	0.20	0.26	0.15	0.19	0.49	0.55	0.51	0.36	0.20	0.27
Leverage Ratio	3.23	3.62	4.15	4.50	4.22	4.10	3.94	3.69	3.57	3.68
Compound Leverage Factor	3.32	3.98	4.77	4.95	4.50	4.06	3.97	4.05	3.90	4.02
Debt to Total Capital	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	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	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%
Noncontrolling Interests to Total Capital	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	36.57%	33.46%	25.61%	26.84%	29.72%	30.12%	34.01%	38.51%	39.92%	35.82%
Debt to EBITDA	3.89	4.98	6.58	5.16	3.72	3.76	3.11	3.09	2.88	3.29
Net Debt to EBITDA	0.74	0.68	0.70	0.91	1.02	1.04	0.85	0.54	0.32	0.79
Long-Term Debt to EBITDA	2.50	3.23	4.30	2.96	2.40	3.53	2.77	3.06	2.73	3.24
Debt to NOPAT	6.59	6.56	33.02	6.14	5.09	5.97	5.26	4.12	4.01	5.29
Net Debt to NOPAT	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	4.23	4.26	21.59	3.52	3.28	5.60	4.69	4.07	3.80	5.21
Altman Z-Score	3.26	3.23	3.11	3.30	3.69	3.81	3.95	4.27	4.08	4.10
Noncontrolling Interest Sharing Ratio	0.80%	0.75%	4.89%	10.47%	10.44%	9.68%	8.33%	7.07%	6.12%	5.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.24	1.28	1.34	0.87	0.76	1.32	1.13	1.15	1.13	1.03
Quick Ratio	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)	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	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	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	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	9.42	9.11	6.33	6.66	9.93	6.16	7.12	10.89	6.43	2.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.47	0.41	0.40	0.44	0.38	0.43	0.46	0.48	0.47
Accounts Receivable Turnover	10.54	10.74	9.63	9.33	9.74	9.28	11.62	12.29	13.27	13.49
Inventory Turnover	5.83	5.90	5.15	4.56	4.53	4.04	4.60	4.71	4.28	4.00
Fixed Asset Turnover	3.26	3.61	3.84	3.85	3.65	3.05	3.74	4.35	4.80	4.82
Accounts Payable Turnover	1.85	1.72	1.50	1.43	1.40	1.20	1.19	1.19	1.19	0.99
Days Sales Outstanding (DSO)	34.64	33.99	37.91	39.12	37.49	39.33	31.42	29.70	27.51	27.06
Days Inventory Outstanding (DIO)	62.66	61.82	70.89	79.97	80.52	90.28	79.38	77.53	85.31	91.15
Days Payable Outstanding (DPO)	197.24	212.26	242.58	255.32	260.22	305.10	306.18	307.90	307.79	370.50
Cash Conversion Cycle (CCC)	-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	31,425	30,189	18,239	26,878	32,807	33,078	36,580	32,206	31,653	36,737
Invested Capital Turnover	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	-4,960	-1,236	-11,950	8,639	5,929	271	3,502	-4,374	-553	5,084
Enterprise Value (EV)	151,143	147,237	166,083	179,629	219,867	225,546	250,637	266,867	252,940	280,084
Market Capitalization	142,505	140,820	159,120	169,732	206,041	211,767	237,056	258,766	247,228	268,203
Book Value per Share	$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	$0.33	$0.45	$0.10	($1.08)	($1.82)	($2.15)	($2.69)	($2.20)	($1.57)	($1.53)
Total Capital	69,880	68,929	66,662	63,272	63,861	64,077	67,621	62,602	64,987	69,395
Total Debt	44,116	45,709	47,685	44,214	42,763	42,793	42,761	36,776	37,507	43,023
Total Long-Term Debt	28,311	29,684	31,182	25,376	27,516	40,125	38,116	36,377	35,547	42,375
Net Debt	8,428	6,259	5,058	7,820	11,709	11,794	11,720	6,380	4,173	10,365
Capital Expenditures (CapEx)	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)	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)	22,271	23,503	25,854	14,986	8,685	7,307	7,240	3,266	5,121	1,396
Net Working Capital (NWC)	6,466	7,478	9,351	-3,852	-6,562	4,639	2,595	2,867	3,161	748
Net Nonoperating Expense (NNE)	-673	419	161	730	-583	-599	-1,670	-636	-1,356	-2,518
Net Nonoperating Obligations (NNO)	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)	1,970	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	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	50.28%	56.14%	71.40%	43.69%	23.31%	22.13%	18.73%	7.59%	11.19%	2.97%
Net Working Capital to Revenue	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	$1.69	$1.51	$0.29	$1.51	$2.09	$1.80	$2.26	$2.20	$2.48	$2.47
Adjusted Weighted Average Basic Shares Outstanding	4.35B	4.32B	4.27B	4.26B	4.28B	4.30B	4.32B	4.33B	4.32B	4.31B
Adjusted Diluted Earnings per Share	$1.67	$1.49	$0.29	$1.50	$2.07	$1.79	$2.25	$2.19	$2.47	$2.46
Adjusted Weighted Average Diluted Shares Outstanding	4.41B	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	7,964	6,969	5,429	7,206	8,402	7,169	8,134	8,935	9,347	8,131
Normalized NOPAT Margin	17.98%	16.65%	14.99%	21.01%	22.55%	21.71%	21.04%	20.78%	20.43%	17.28%
Pre Tax Income Margin	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	10.93	10.08	7.02	7.87	10.70	6.85	7.71	12.07	7.78	7.24
NOPAT to Interest Expense	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	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	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	77.94%	92.26%	492.60%	102.59%	76.18%	90.72%	73.97%	79.57%	74.30%	78.50%
Augmented Payout Ratio	126.32%	148.46%	779.58%	132.12%	88.46%	92.24%	75.10%	94.39%	95.68%	95.35%

This table displays calculated financial ratios and metrics derived from Coca-Cola's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.17%	6.98%	4.66%	5.71%	8.04%	7.15%	2.91%	3.27%	-0.83%	6.41%
EBITDA Growth	6.67%	-15.00%	17.77%	19.94%	2.63%	-3.46%	-8.25%	4.69%	-4.69%	17.06%
EBIT Growth	9.53%	-15.63%	20.67%	25.23%	3.46%	-2.37%	-8.24%	5.70%	-4.43%	18.88%
NOPAT Growth	8.80%	23.31%	-5.97%	7.92%	12.65%	6.58%	-31.90%	-0.70%	-25.75%	17.47%
Net Income Growth	14.02%	-16.08%	11.46%	32.68%	9.25%	-3.40%	2.31%	-4.76%	-7.56%	11.43%
EPS Growth	14.04%	-16.36%	12.50%	34.09%	9.23%	-2.17%	2.78%	-5.08%	-7.04%	11.11%
Operating Cash Flow Growth	-4.96%	-13.08%	-74.32%	13.92%	22.09%	-9.49%	230.00%	-19.78%	-129.28%	47.98%
Free Cash Flow Firm Growth	439.31%	387.07%	4,171.21%	240.33%	-20.73%	-60.99%	-44.22%	-61.93%	-235.56%	-224.27%
Invested Capital Growth	-2.75%	-11.96%	-14.48%	-9.63%	0.66%	-1.72%	-8.40%	0.34%	19.53%	16.06%
Revenue Q/Q Growth	-2.31%	-8.48%	8.44%	9.03%	-0.16%	-9.24%	4.16%	9.41%	-4.12%	-2.62%
EBITDA Q/Q Growth	44.55%	-21.33%	62.34%	-35.03%	23.69%	-26.01%	54.29%	-25.87%	12.61%	-9.12%
EBIT Q/Q Growth	52.51%	-23.49%	71.49%	-37.42%	26.00%	-27.80%	61.18%	-27.91%	13.93%	-10.20%
NOPAT Q/Q Growth	29.93%	-32.56%	51.55%	-18.73%	35.62%	-36.19%	-3.17%	18.50%	1.41%	0.95%
Net Income Q/Q Growth	48.53%	-27.14%	51.41%	-19.02%	22.29%	-35.58%	60.37%	-24.62%	18.70%	-22.35%
EPS Q/Q Growth	47.73%	-29.23%	56.52%	-18.06%	20.34%	-36.62%	64.44%	-24.32%	17.86%	-24.24%
Operating Cash Flow Q/Q Growth	-10.22%	-16.24%	-94.58%	2,693.13%	-3.78%	-37.91%	-80.22%	578.98%	-135.12%	413.82%
Free Cash Flow Firm Q/Q Growth	118.68%	81.33%	27.28%	-32.57%	-49.06%	-10.78%	73.39%	-53.97%	-281.36%	18.21%
Invested Capital Q/Q Growth	-10.05%	10.67%	-5.49%	-3.95%	0.20%	8.05%	-11.59%	5.22%	19.36%	4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.73%	55.43%	60.68%	58.97%	61.04%	57.29%	62.52%	61.08%	60.65%	60.04%
EBITDA Margin	30.21%	25.97%	38.87%	23.16%	28.70%	23.39%	34.65%	23.48%	27.58%	25.74%
Operating Margin	27.91%	20.49%	30.66%	20.06%	27.36%	20.95%	18.95%	21.29%	21.17%	23.47%
EBIT Margin	27.43%	22.93%	36.27%	20.82%	26.27%	20.90%	32.34%	21.31%	25.32%	23.35%
Profit (Net Income) Margin	25.51%	20.31%	28.35%	21.06%	25.79%	18.31%	28.19%	19.42%	24.04%	19.17%
Tax Burden Percent	81.94%	82.24%	76.81%	87.53%	87.16%	80.02%	82.26%	79.29%	84.32%	78.87%
Interest Burden Percent	113.48%	107.67%	101.78%	115.57%	112.64%	109.48%	105.97%	114.96%	112.63%	104.12%
Effective Tax Rate	18.06%	17.76%	23.19%	12.47%	12.84%	19.98%	17.74%	20.71%	15.68%	21.13%
Return on Invested Capital (ROIC)	32.81%	21.07%	31.03%	25.16%	36.78%	24.02%	24.63%	26.78%	25.75%	25.47%
ROIC Less NNEP Spread (ROIC-NNEP)	38.39%	24.94%	39.58%	34.25%	44.37%	27.19%	105.90%	44.19%	43.38%	26.52%
Return on Net Nonoperating Assets (RNNOA)	8.27%	8.90%	9.08%	6.04%	5.20%	5.38%	6.77%	2.90%	6.45%	7.16%
Return on Equity (ROE)	41.08%	29.98%	40.11%	31.20%	41.98%	29.41%	31.40%	29.68%	32.19%	32.63%
Cash Return on Invested Capital (CROIC)	31.99%	38.70%	42.13%	39.10%	30.96%	31.01%	37.95%	28.71%	6.48%	8.91%
Operating Return on Assets (OROA)	12.69%	10.54%	16.48%	9.59%	12.45%	10.04%	15.14%	9.92%	11.52%	11.08%
Return on Assets (ROA)	11.80%	9.33%	12.88%	9.70%	12.22%	8.79%	13.20%	9.04%	10.94%	9.10%
Return on Common Equity (ROCE)	38.05%	27.86%	37.38%	29.21%	39.46%	27.61%	29.58%	28.01%	30.38%	30.78%
Return on Equity Simple (ROE_SIMPLE)	43.70%	0.00%	39.22%	40.41%	40.92%	0.00%	40.77%	41.21%	39.30%	0.00%
Net Operating Profit after Tax (NOPAT)	2,530	1,706	2,586	2,102	2,850	1,819	1,761	2,087	2,116	2,136
NOPAT Margin	22.87%	16.85%	23.55%	17.56%	23.85%	16.76%	15.59%	16.88%	17.85%	18.51%
Net Nonoperating Expense Percent (NNEP)	-5.58%	-3.86%	-8.55%	-9.08%	-7.60%	-3.17%	-81.27%	-17.41%	-17.63%	-1.05%
Return On Investment Capital (ROIC_SIMPLE)	-	2.73%	-	-	-	2.80%	-	-	-	3.08%
Cost of Revenue to Revenue	41.27%	44.57%	39.32%	41.03%	38.96%	42.71%	37.48%	38.92%	39.35%	39.96%
SG&A Expenses to Revenue	30.81%	34.93%	30.02%	38.92%	33.68%	36.34%	43.58%	39.79%	39.48%	36.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.81%	34.93%	30.02%	38.92%	33.68%	36.34%	43.58%	39.79%	39.48%	36.57%
Earnings before Interest and Taxes (EBIT)	3,035	2,322	3,982	2,492	3,140	2,267	3,654	2,634	3,001	2,695
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,342	2,629	4,268	2,773	3,430	2,538	3,916	2,903	3,269	2,971
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.07	10.73	10.23	9.70	8.92	9.53	9.93	10.61	11.67	10.79
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
Price to Revenue (P/Rev)	5.42	6.02	5.93	5.72	5.21	5.40	5.70	5.90	6.67	5.70
Price to Earnings (P/E)	23.13	27.12	26.15	24.01	21.80	23.08	24.34	25.75	29.72	25.23
Dividend Yield	3.28%	2.94%	2.98%	3.08%	3.35%	3.22%	3.07%	2.97%	2.67%	3.12%
Earnings Yield	4.32%	3.69%	3.82%	4.17%	4.59%	4.33%	4.11%	3.88%	3.36%	3.96%
Enterprise Value to Invested Capital (EV/IC)	8.10	8.29	8.65	8.74	8.12	7.99	9.47	9.47	9.08	7.62
Enterprise Value to Revenue (EV/Rev)	5.57	6.21	6.05	5.79	5.28	5.53	5.73	5.98	6.86	5.95
Enterprise Value to EBITDA (EV/EBITDA)	19.07	22.41	20.98	19.64	18.15	19.44	20.85	21.72	25.18	21.45
Enterprise Value to EBIT (EV/EBIT)	21.29	25.07	23.24	21.60	19.92	21.29	22.84	23.74	27.51	23.37
Enterprise Value to NOPAT (EV/NOPAT)	27.36	29.87	30.07	28.64	25.76	27.06	31.02	32.64	40.74	34.45
Enterprise Value to Operating Cash Flow (EV/OCF)	20.58	24.22	24.95	23.02	20.02	21.81	22.05	25.05	57.55	41.16
Enterprise Value to Free Cash Flow (EV/FCFF)	24.98	20.05	18.93	21.23	26.31	25.55	23.85	33.03	152.56	91.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.48	1.42	1.38	1.34	1.30	1.36	1.31	1.46	1.57	1.63
Long-Term Debt to Equity	1.45	1.41	1.34	1.29	1.23	1.29	1.26	1.39	1.53	1.61
Financial Leverage	0.22	0.36	0.23	0.18	0.12	0.20	0.06	0.07	0.15	0.27
Leverage Ratio	3.77	3.69	3.56	3.66	3.64	3.57	3.59	3.63	3.64	3.68
Compound Leverage Factor	4.28	3.97	3.63	4.23	4.10	3.91	3.80	4.18	4.10	3.83
Debt to Total Capital	59.69%	58.75%	57.90%	57.18%	56.57%	57.71%	56.63%	59.35%	61.01%	62.00%
Short-Term Debt to Total Capital	1.20%	0.64%	1.27%	1.82%	3.25%	3.02%	2.16%	2.88%	1.48%	0.93%
Long-Term Debt to Total Capital	58.49%	58.11%	56.62%	55.36%	53.33%	54.70%	54.47%	56.48%	59.54%	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%
Noncontrolling Interests to Total Capital	2.69%	2.75%	2.59%	2.39%	2.35%	2.37%	2.35%	2.31%	2.27%	2.18%
Common Equity to Total Capital	37.62%	38.51%	39.52%	40.42%	41.08%	39.92%	41.01%	38.34%	36.72%	35.82%
Debt to EBITDA	2.93	3.09	2.94	2.83	2.77	2.88	2.88	3.13	3.49	3.29
Net Debt to EBITDA	0.38	0.54	0.28	0.13	0.11	0.32	-0.01	0.15	0.54	0.79
Long-Term Debt to EBITDA	2.87	3.06	2.88	2.74	2.61	2.73	2.77	2.98	3.41	3.24
Debt to NOPAT	4.20	4.12	4.22	4.12	3.93	4.01	4.29	4.70	5.65	5.29
Net Debt to NOPAT	0.54	0.71	0.41	0.19	0.16	0.45	-0.01	0.23	0.88	1.27
Long-Term Debt to NOPAT	4.11	4.07	4.13	3.99	3.70	3.80	4.13	4.48	5.51	5.21
Altman Z-Score	3.70	3.97	3.86	3.74	3.69	3.75	3.86	3.84	3.93	3.79
Noncontrolling Interest Sharing Ratio	7.38%	7.07%	6.79%	6.37%	6.01%	6.12%	5.78%	5.63%	5.62%	5.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	1.15	1.15	1.14	1.14	1.13	1.04	1.08	1.06	1.03
Quick Ratio	0.80	0.77	0.81	0.82	0.78	0.72	0.75	0.80	0.78	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,353	6,080	7,739	5,219	2,658	2,372	4,317	1,987	-3,604	-2,948
Operating Cash Flow to CapEx	1,276.09%	434.46%	62.75%	1,387.89%	1,137.57%	324.42%	148.31%	863.86%	-275.49%	496.36%
Free Cash Flow to Firm to Interest Expense	16.94	20.00	20.80	13.95	7.22	5.74	11.30	4.75	-8.48	-6.84
Operating Cash Flow to Interest Expense	17.79	9.70	0.43	11.95	11.68	6.46	1.38	8.58	-2.96	9.17
Operating Cash Flow Less CapEx to Interest Expense	16.39	7.47	-0.26	11.09	10.66	4.47	0.45	7.58	-4.04	7.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.46	0.45	0.46	0.47	0.48	0.47	0.47	0.45	0.47
Accounts Receivable Turnover	10.74	12.29	9.41	10.43	12.03	13.27	10.42	10.91	12.00	13.49
Inventory Turnover	5.10	4.71	4.30	4.43	4.62	4.28	3.81	3.90	4.09	4.00
Fixed Asset Turnover	4.39	4.35	4.43	4.61	4.97	4.80	4.81	4.84	4.95	4.82
Accounts Payable Turnover	1.21	1.19	1.26	1.19	1.12	1.19	1.05	0.96	0.90	0.99
Days Sales Outstanding (DSO)	33.98	29.70	38.77	35.00	30.35	27.51	35.03	33.44	30.42	27.06
Days Inventory Outstanding (DIO)	71.55	77.53	84.79	82.41	78.96	85.31	95.89	93.64	89.20	91.15
Days Payable Outstanding (DPO)	300.44	307.90	289.03	305.99	326.73	307.79	346.61	382.08	404.46	370.50
Cash Conversion Cycle (CCC)	-194.92	-200.66	-165.47	-188.58	-217.43	-194.97	-215.69	-254.99	-284.85	-252.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,102	32,206	30,437	29,235	29,294	31,653	27,881	29,335	35,014	36,737
Invested Capital Turnover	1.43	1.25	1.32	1.43	1.54	1.43	1.58	1.59	1.44	1.38
Increase / (Decrease) in Invested Capital	-823	-4,374	-5,153	-3,117	192	-553	-2,556	100	5,720	5,084
Enterprise Value (EV)	235,867	266,867	263,309	255,565	237,784	252,940	263,922	277,683	317,901	280,084
Market Capitalization	229,570	258,766	258,089	252,343	234,815	247,228	262,470	274,201	309,405	268,203
Book Value per Share	$5.27	$5.57	$5.83	$6.02	$6.09	$6.00	$6.13	$6.00	$6.15	$5.77
Tangible Book Value per Share	($2.34)	($2.20)	($1.93)	($1.73)	($1.52)	($1.57)	($1.35)	($1.50)	($1.44)	($1.53)
Total Capital	60,627	62,602	63,813	64,349	64,089	64,987	64,442	67,435	72,215	69,395
Total Debt	36,191	36,776	36,945	36,797	36,256	37,507	36,496	40,024	44,061	43,023
Total Long-Term Debt	35,462	36,377	36,134	35,626	34,176	35,547	35,104	38,085	42,994	42,375
Net Debt	4,666	6,380	3,569	1,683	1,461	4,173	-65	1,924	6,860	10,365
Capital Expenditures (CapEx)	276	679	255	322	378	823	356	415	457	796
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9,791	-8,365	-9,961	-11,047	-9,897	-8,542	-14,421	-14,718	-15,378	-13,175
Debt-free Net Working Capital (DFNWC)	3,429	3,266	4,334	4,647	5,538	5,121	2,498	4,275	2,786	1,396
Net Working Capital (NWC)	2,700	2,867	3,523	3,476	3,458	3,161	1,106	2,336	1,719	748
Net Nonoperating Expense (NNE)	-292	-350	-527	-419	-233	-167	-1,424	-314	-734	-77
Net Nonoperating Obligations (NNO)	4,666	6,380	3,569	1,683	1,461	4,173	-65	1,924	6,860	10,365
Total Depreciation and Amortization (D&A)	307	307	286	281	290	271	262	269	268	276
Debt-free, Cash-free Net Working Capital to Revenue	-23.12%	-19.45%	-22.90%	-25.03%	-21.98%	-18.67%	-31.30%	-31.68%	-33.17%	-28.00%
Debt-free Net Working Capital to Revenue	8.10%	7.59%	9.96%	10.53%	12.30%	11.19%	5.42%	9.20%	6.01%	2.97%
Net Working Capital to Revenue	6.38%	6.67%	8.10%	7.87%	7.68%	6.91%	2.40%	5.03%	3.71%	1.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	$0.47	$0.72	$0.59	$0.71	$0.46	$0.74	$0.56	$0.66	$0.51
Adjusted Weighted Average Basic Shares Outstanding	4.33B	4.33B	4.33B	4.33B	4.32B	4.32B	4.31B	4.31B	4.31B	4.31B
Adjusted Diluted Earnings per Share	$0.65	$0.46	$0.72	$0.59	$0.71	$0.45	$0.74	$0.56	$0.66	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	4.35B	4.35B	4.35B	4.34B	4.34B	4.34B	4.32B	4.32B	4.32B	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.32B	4.33B	4.32B	4.32B	4.32B	4.31B	4.31B	4.31B	4.31B	4.30B
Normalized Net Operating Profit after Tax (NOPAT)	2,530	1,706	2,586	2,102	2,850	1,819	1,761	2,087	2,116	2,136
Normalized NOPAT Margin	22.87%	16.85%	23.55%	17.56%	23.85%	16.76%	15.59%	16.88%	17.85%	18.51%
Pre Tax Income Margin	31.13%	24.69%	36.91%	24.06%	29.59%	22.88%	34.27%	24.49%	28.51%	24.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.33	7.64	10.70	6.66	8.53	5.49	9.57	6.30	7.06	6.25
NOPAT to Interest Expense	12.78	5.61	6.95	5.62	7.75	4.40	4.61	4.99	4.98	4.96
EBIT Less CapEx to Interest Expense	13.93	5.40	10.02	5.80	7.51	3.50	8.63	5.31	5.99	4.41
NOPAT Less CapEx to Interest Expense	11.39	3.38	6.27	4.76	6.72	2.41	3.68	4.00	3.90	3.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.45%	79.57%	58.75%	56.08%	72.25%	74.30%	73.78%	75.52%	78.18%	78.50%
Augmented Payout Ratio	71.69%	94.39%	76.14%	68.37%	83.38%	95.68%	93.67%	95.04%	100.48%	95.35%

Frequently Asked Questions About Coca-Cola's Financials

When does Coca-Cola's fiscal year end?

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

How has Coca-Cola's net income changed over the last 9 years?

Coca-Cola's net income appears to be on an upward trend, with a most recent value of $10.65 billion in 2024, rising from $7.37 billion in 2015. The previous period was $10.70 billion in 2023.

What is Coca-Cola's operating income?

Coca-Cola'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 Coca-Cola revenue changed over the last 9 years?

Over the last 9 years, Coca-Cola's total revenue changed from $44.29 billion in 2015 to $47.06 billion in 2024, a change of 6.2%.

How much debt does Coca-Cola have?

Coca-Cola's total liabilities were at $74.18 billion at the end of 2024, a 5.6% increase from 2023, and a 15.5% increase since 2015.

How much cash does Coca-Cola have?

In the past 9 years, Coca-Cola'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 Coca-Cola's book value per share changed over the last 9 years?

Over the last 9 years, Coca-Cola's book value per share changed from 5.88 in 2015 to 5.77 in 2024, a change of -1.8%.

Related Companies

This page (NYSE:KO) was last updated on 4/26/2025 by MarketBeat.com Staff

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Coca-Cola (KO) Financials

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Coca-Cola (KO) Financials

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