12_Coca-Cola_Item8 - ITEM 8. FINANCIAL STATEMENTS AND...

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS Page Consolidated Statements of Income . ........................................................ 67 Consolidated Balance Sheets . ............................................................. 68 Consolidated Statements of Cash Flows . ..................................................... 69 Consolidated Statements of Shareowners’ Equity. ............................................... 70 Notes to Consolidated Financial Statements . .................................................. 71 Report of Management. ................................................................. 122 Report of Independent Registered Public Accounting Firm . ....................................... 123 Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting . ..... 124 Quarterly Data (Unaudited). .............................................................. 125 66
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THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, 2009 2008 2007 (In millions except per share data) NET OPERATING REVENUES $ 30,990 $ 31,944 $ 28,857 Cost of goods sold 11,088 11,374 10,406 GROSS PROFIT 19,902 20,570 18,451 Selling, general and administrative expenses 11,358 11,774 10,945 Other operating charges 313 350 254 OPERATING INCOME 8,231 8,446 7,252 Interest income 249 333 236 Interest expense 355 438 456 Equity income (loss) — net 781 (874) 668 Other income (loss) — net 40 39 219 INCOME BEFORE INCOME TAXES 8,946 7,506 7,919 Income taxes 2,040 1,632 1,892 CONSOLIDATED NET INCOME 6,906 5,874 6,027 Less: Net income attributable to noncontrolling interests 82 67 46 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 6,824 $ 5,807 $ 5,981 BASIC NET INCOME PER SHARE 1 $ 2.95 $ 2.51 $ 2.59 DILUTED NET INCOME PER SHARE 1 $ 2.93 $ 2.49 $ 2.57 AVERAGE SHARES OUTSTANDING 2,314 2,315 2,313 Effect of dilutive securities 15 21 18 AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,329 2,336 2,331 1 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. Refer to Notes to Consolidated Financial Statements. 67
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THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31, 2009 2008 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents $ 7,021 $ 4,701 Short-term investments 2,130 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 9,151 4,701 Marketable securities 62 278 Trade accounts receivable, less allowances of $55 and $51, respectively 3,758 3,090 Inventories 2,354 2,187 Prepaid expenses and other assets 2,226 1,920 TOTAL CURRENT ASSETS 17,551 12,176 EQUITY METHOD INVESTMENTS 6,217 5,316 OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES 538 463 OTHER ASSETS 1,976 1,733 PROPERTY, PLANT AND EQUIPMENT — net 9,561 8,326 TRADEMARKS WITH INDEFINITE LIVES 6,183 6,059 GOODWILL 4,224 4,029 OTHER INTANGIBLE ASSETS 2,421 2,417 TOTAL ASSETS $ 48,671 $ 40,519 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 6,657 $ 6,205 Loans and notes payable 6,749 6,066 Current maturities of long-term debt 51 465 Accrued income taxes 264 252 TOTAL CURRENT LIABILITIES 13,721 12,988 LONG-TERM DEBT 5,059 2,781 OTHER LIABILITIES 2,965 3,011 DEFERRED INCOME TAXES 1,580 877 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 Capital surplus 8,537 7,966 Reinvested earnings 41,537 38,513 Accumulated other comprehensive income (loss) (757) (2,674) Treasury stock, at cost — 1,217 and 1,207 shares, respectively (25,398) (24,213) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 24,799 20,472 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 547 390 TOTAL EQUITY 25,346 20,862 TOTAL LIABILITIES AND EQUITY $ 48,671 $ 40,519 Refer to Notes to Consolidated Financial Statements.
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12_Coca-Cola_Item8 - ITEM 8. FINANCIAL STATEMENTS AND...

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