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bapp02 - Appendix B S PECIMEN FINANCIAL STATEMENTS The...

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SPECIMEN FINANCIAL STATEMENTS: The Coca-Cola Company Appendix B B1 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, 2007 2006 2005 (In millions except per share data) NET OPERATING REVENUES $ 28,857 $ 24,088 $ 23,104 Cost of goods sold 10,406 8,164 8,195 GROSS PROFIT 18,451 15,924 14,909 Selling, general and administrative expenses 10,945 9,431 8,739 Other operating charges 254 185 85 OPERATING INCOME 7,252 6,308 6,085 Interest income 236 193 235 Interest expense 456 220 240 Equity income—net 668 102 680 Other income (loss)—net 173 195 (93) Gains on issuances of stock by equity method investees 23 INCOME BEFORE INCOME TAXES 7,873 6,578 6,690 Income taxes 1,892 1,498 1,818 NET INCOME $ 5,981 $ 5,080 $ 4,872 BASIC NET INCOME PER SHARE $ 2.59 $ 2.16 $ 2.04 DILUTED NET INCOME PER SHARE $ 2.57 $ 2.16 $ 2.04 AVERAGE SHARES OUTSTANDING 2,313 2,348 2,392 Effect of dilutive securities 18 2 1 AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,331 2,350 2,393 Refer to Notes to Consolidated Financial Statements. The financial information herein is reprinted with permission from The Coca-Cola Company 2007 Annual Report. The accompanying Notes are an integral part of the consolidated financial state- ments. The complete financial statements are available through a link at the book’s companion website. PDF Watermark Remover DEMO : Purchase from www.PDFWatermarkRemover.com to remove the watermark
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B2 Appendix B Specimen Financial Statements: The Coca-Cola Company THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31, 2007 2006 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents $ 4,093 $ 2,440 Marketable securities 215 150 Trade accounts receivable, less allowances of $56 and $63, respectively 3,317 2,587 Inventories 2,220 1,641 Prepaid expenses and other assets 2,260 1,623 TOTAL CURRENT ASSETS 12,105 8,441 INVESTMENTS Equity method investments: Coca-Cola Enterprises Inc. 1,637 1,312 Coca-Cola Hellenic Bottling Company S.A.
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