Coca Cola Income Statement - Excel

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Coca Cola Income Statement - Excel Powered By Docstoc
					The Coca-Cola Company and Subsidiaries
Condensed Consolidated Statements of Income
(UNAUDITED)
(In millions except per share data)


                                                                        Three Months Ended                Three Months Ended    Three Months Ended   Three Months Ended           Year Ended
                                                                          March 28, 2008                     June 27, 2008      September 26, 2008    December 31, 2008        December 31, 2008

NET OPERATING REVENUES                                                 $                 7,379           $             9,046    $            8,393   $            7,126    $               31,944

Cost of goods sold                                                                       2,624                         3,162                 3,020                2,568                    11,374

GROSS PROFIT                                                                             4,755                         5,884                 5,373                4,558                    20,570

Selling, general and administrative expenses                                             2,796                         3,095                 3,139                2,744                    11,774

Other operating charges                                                                     85                           110                    47                  108                       350

OPERATING INCOME                                                                         1,874                         2,679                 2,187                1,706                     8,446

Interest income                                                                             65                            69                   105                   94                       333

Interest expense                                                                           117                            89                   111                  121                       438

Equity income (loss) — net                                                                 137                          (843)                  272                 (440)                     (874)

Other income (loss) — net                                                                     -                          101                    17                  (79)                       39

INCOME BEFORE INCOME TAXES                                                               1,959                         1,917                 2,470                1,160                     7,506

Income taxes                                                                               448                           474                   555                  155                     1,632

CONSOLIDATED NET INCOME                                                                  1,511                         1,443                 1,915                1,005                     5,874

Less: Net income attributable to noncontrolling interests                                   11                            21                    25                   10                        67

NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF
 THE COCA-COLA COMPANY                                                 $                 1,500           $             1,422    $            1,890   $              995    $                5,807

BASIC NET INCOME PER SHARE *                                            $                 0.65            $             0.61    $             0.82   $             0.43    $                 2.51

DILUTED NET INCOME PER SHARE *                                          $                 0.64            $             0.61    $             0.81   $             0.43    $                 2.49

DIVIDENDS PER SHARE                                                     $                 0.38            $             0.38    $             0.38   $             0.38    $                 1.52

AVERAGE SHARES OUTSTANDING                                                               2,322                         2,316                 2,311                2,312                     2,315

Effect of dilutive securities                                                               29                            27                    18                    9                        21

AVERAGE SHARES OUTSTANDING ASSUMING DILUTION                                             2,351                         2,343                 2,329                2,321                     2,336


* Basic net income per share and diluted net income per share are calculated based on net income attributable
  to shareowners of The Coca-Cola Company.

Note 1:
Certain amounts have been revised to conform to the current year presentation.

Note 2:
The financial information included in this section should be read in conjunction with Management's Discussion
and Analysis of Financial Condition and Results of Operations and Notes to Consolidated Financial Statements
contained in our Company's 2008 and 2009 Quarterly Reports on Form 10-Q and 2008 Annual Report on Form 10-K.

				
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