COCA COLA CO

Listed Company

KOCIK 0000021344NYSELarge AcceleratedBeveragesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$47.94B

Net Income

$13.11B

Total Assets

$104.82B

Equity

$32.17B

Shares Out

4.30B

Op. Cash Flow

$7.41B

Business

COCA COLA CO is a total beverage company that develops, markets and sells nonalcoholic and select alcoholic ready-to-drink beverages worldwide. It offers concentrates, syrups, fountain syrups and finished beverages across categories including Trademark Coca‑Cola and other sparkling soft drinks, water/sports/coffee/tea, juice/value‑added dairy and plant‑based beverages, and emerging beverages. The company operates through concentrate operations and finished product operations and reports results across Europe, Middle East & Africa; Latin America; North America; Asia Pacific; Global Ventures; and Bottling Investments. Its products are sold in more than 200 countries and territories through independent bottling partners, distributors, wholesalers, retailers and consolidated bottling and distribution operations.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Operating Revenues	47,941	47,061	45,754	43,004	38,655
Cost of goods sold	18,397	18,324	18,520	18,000	15,357
Gross Profit	29,544	28,737	27,234	25,004	23,298
Selling, general and administrative expenses	14,521	14,582	13,972	12,880	12,144
Other operating charges	1,261	4,163	1,951	1,215	—
Operating Income	13,762	9,992	11,311	10,909	10,308
Interest income	786	988	907	449	276
Interest expense	1,654	1,656	1,527	882	—
Equity income (loss) net	2,031	1,770	1,691	1,472	1,438
Other income (loss) net	1,073	1,992	570	−262	2,000
Income Before Income Taxes	15,998	13,086	12,952	11,686	12,425
Income taxes	2,861	2,437	2,249	2,115	2,621
Consolidated Net Income	13,137	10,649	10,703	9,571	9,804
Net Income (Loss) Attributable to Noncontrolling Interest	30	18	−11	29	33
Net Income Attributable to Shareowners of The Coca-Cola Company	13,107	10,631	10,714	9,542	9,771
Basic Net Income Per Share1	3.05	2.47	2.48	2.2	2.26
Diluted Net Income Per Share1	3.04	2.46	2.47	2.19	2.25
Average Shares Outstanding Basic	4,303	4,309	4,323	4,328	4,315
Effect of dilutive securities	10	11	16	22	25
Average Shares Outstanding Diluted	4,313	4,320	4,339	4,350	4,340

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	10,270	10,828	9,366	9,519	9,684
Short-term investments	3,602	2,020	2,997	1,043	1,242
Total Cash, Cash Equivalents and Short-Term Investments	13,872	12,848	12,363	10,562	10,926
Marketable securities	1,934	1,723	1,300	1,069	1,699
Trade accounts receivable, less allowances of $495 and $506, respectively	3,038	3,569	3,410	3,487	3,512
Inventories	4,425	4,728	4,424	4,233	3,414
Prepaid expenses and other current assets	2,433	2,998	5,235	3,240	2,994
Assets held for sale	5,342	131	—	—	—
Total Current Assets	31,044	25,997	26,732	22,591	22,545
Equity method investments	20,235	18,087	19,671	18,264	17,598
Deferred income tax assets	1,206	1,319	1,561	1,746	2,129
Property, plant and equipment net	9,613	10,303	9,236	9,841	9,920
Trademarks with indefinite lives	12,531	13,301	14,349	14,214	14,465
Goodwill	15,491	18,139	18,358	18,782	19,363
Other noncurrent assets	14,696	13,403	7,796	6,189	6,731
Total Assets	104,816	100,549	97,703	92,763	94,354
Accounts payable and accrued expenses	14,813	21,712	15,485	15,749	14,619
Loans and notes payable	1,551	1,499	4,557	2,373	—
Current maturities of long-term debt	1,822	648	1,960	—	—
Accrued income taxes	525	1,387	1,569	1,203	686
Liabilities held for sale	2,570	3	—	—	—
Total Current Liabilities	21,281	25,249	23,571	19,724	19,950
Long-term debt	42,119	42,375	35,547	—	—
Other noncurrent liabilities	4,735	4,084	8,466	7,922	8,607
Deferred income tax liabilities	2,406	2,469	2,639	2,914	2,821
Common stock, $0.25 par value; authorized 11,200 shares; issued 7,040 shares	1,760	1,760	1,760	1,760	1,760
Capital surplus	20,581	19,801	19,209	18,822	18,116
Reinvested earnings	80,382	76,054	73,782	71,019	69,094
Accumulated other comprehensive income (loss)	−14,131	−16,843	−14,275	−14,895	−14,330
Treasury stock, at cost 2,738 and 2,738 shares, respectively	−56,423	−55,916	−54,535	−52,601	−51,641
Equity Attributable to Shareowners of The Coca-Cola Company	32,169	24,856	25,941	24,105	22,999
Equity Attributable to Noncontrolling Interests	2,106	1,516	1,539	1,721	1,861
Total Equity	34,275	26,372	27,480	25,826	24,860
Total Liabilities and Equity	104,816	100,549	97,703	92,763	94,354

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	1,050	1,075	1,128	1,260	1,452
Stock-based compensation expense	279	286	254	356	337
Deferred income taxes	517	−11	−2	−122	894
Equity (income) loss net of dividends	−1,038	−802	−1,019	−838	−615
Foreign currency adjustments	191	−110	175	203	—
Significant (gains) losses net	−713	−1,737	−492	−129	−1,365
Other operating charges	1,052	4,000	1,741	1,086	506
Other items	141	−311	−43	236	201
Net change in operating assets and liabilities	−7,208	−6,234	−846	−605	1,325
Net Cash Provided by Operating Activities	7,408	6,805	11,599	11,018	12,625
Purchases of investments	−6,160	−5,640	−6,698	−3,751	−6,030
Proceeds from disposals of investments	4,665	6,589	4,354	4,771	—
Acquisitions of businesses, equity method investments and nonmarketable securities	−461	−315	−62	−73	—
Proceeds from disposals of businesses, equity method investments and nonmarketable securities	3,567	3,485	430	458	—
Purchases of property, plant and equipment	−2,112	−2,064	−1,852	−1,484	−1,367
Proceeds from disposals of property, plant and equipment	13	40	74	75	108
Collateral (paid) received associated with hedging activities net	330	235	366	−1,465	0
Other investing activities	91	194	39	706	51
Net Cash Provided by (Used in) Investing Activities	−67	2,524	−3,349	−763	−2,765
Issuances of loans, notes payable and long-term debt	4,980	12,061	6,891	3,972	13,094
Payments of loans, notes payable and long-term debt	−4,967	−9,533	−5,034	−4,930	—
Issuances of stock	313	747	539	837	702
Purchases of stock for treasury	−746	−1,795	−2,289	−1,418	−111
Dividends	−8,779	−8,359	−7,952	−7,616	−7,252
Proceeds from Noncontrolling Interests	1,338	0	0	—	—
Other financing activities	−279	−31	−465	−1,095	−353
Net Cash Provided by (Used in) Financing Activities	−8,140	−6,910	−8,310	−10,250	−6,786
Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	321	−623	−73	−205	−159
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the year	−478	1,796	−133	−200	2,915

Filings

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