Financial Annalysis

Financial Annalysis - Horizontal Coca-Cola Balance sheet...

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Horizontal Coca-Cola Balance sheet 2009 2008 Dollar Change Percent Change ASSETS CURRENT ASSETS Cash and cash equivalents $7,021 $4,701 $2,320 49.4% Short-term investments 2,130 ---- 2,130 ---- TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 9,151 4,701 4450 94.7 Marketable securities 62 278 $(216) -77.7 Trade accounts receivable, less allowances of $55 and $51, repectively 3,758 3,090 668 21.6 Inventories 2,354 2,187 167 7.6 Prepaid expenses and other assets 2,226 1,920 306 15.9 TOTAL CURRENT ASSETS 17,551 12,176 5,375 44.1 EQUITY METHOD INVESTMENTS 6,217 5,316 901 16.9 OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES 538 463 75 16.2 OTHER ASSETS 1,976 1,733 243 14 PROPERTY, PLANT AND EQUIPTMENT - net 9,561 8,326 1235 14.8 TRADEMARKS WITH INDEFINITE LIVES 6,183 6,059 124 2 GOODWILL 4,224 4,029 195 4.8 OTHER INTANGIBLE ASSETS 2,421 2,417 4 0.2 TOTAL ASSETS $48,671 $40,519 $8,152 20.1% LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $6,657 $6,205 452 7.3 Loans and notes payable 6,749 6,066 683 11.3 Current maturities of long-term debt 51 465 $(414) -89 Accrued income taxes 264 252 12 4.8 TOTAL CURRENT LIABILITIES 13,721 12,988 733 5.6 LONG-TERM DEBT 5,059 2,781 2,278 81.9 OTHER LIABILITIES 2,965 3,011 $(46) -1.5 DEFERRED INCOME TAXES 1,580 877 703 80.2 THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; Authorized - 5,600 shares; Issued - 3,520 and 3,519 shares, respectively 880 880 0 0 Capital surplus 8,537 7,966 571 7.2 Reinvested earnings 41,537 38,513 3,024 8 Accumulated other comprehensive income (loss) $(757) $(2,674) 1917 71.7 Tresury stock, at cost - 1,217 and 1,207 shares, respectively $(25,398) $(24,213) $(1,185) -4.9% EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPAN 24,799 20,472 4,327 21.1 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 547 390 157 40.3 TOTAL EQUITY 25,346 20,862 4,484 22 TOTAL LIABILITIES AND EQUITY $48,671 $40,519 $8,152 20.1%
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Horizontal 2009 2008 Dollar Change Percent Change NET OPERATING REVENUES $30,990 $31,944 $(954) -3.0% Cost of goods sold 11,088 11,374 $(286) -2.5 GROSS PROFIT 19,902 20,570 $(668) -3.2 Selling, general and administrative expenses 11,358 11,774 $(416) -3.5 Other operating charges 313 350 $(37) -10.6 OPERATING INCOME 8,231 8,446 $(215) -2.5 Interest income 249 333 $(84) -25.2 Interest expense 355 438 $(83) -18.9 Equity income (loss) - net 781 $(874) 1,655 189.4 Other income (loss) - net 40 39 1 2.6 INCOME BEFORE INCOME TAXES 8,946 7,506 1,440 19.2 Income taxes 2,040 1,632 408 25.0 CONSOLIDATED NET INCOME 6,906 5,874 1,032 17.6 Less: Net income attributable to noncontrolling interests 82 67 15 22.4 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPAN $6,824 $5,807 $1,017 17.5% BASIC NET INCOME PER SHARE
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This note was uploaded on 01/18/2012 for the course ACC 151 taught by Professor Franklin during the Fall '08 term at Syracuse.

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Financial Annalysis - Horizontal Coca-Cola Balance sheet...

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