Coca-Cola_Item8_2010_10k

Coca-Cola_Item8_2010_10k - ITEM 8. FINANCIAL STATEMENTS AND...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS Page Consolidated Statements of Income . ........................................................ 88 Consolidated Balance Sheets . ............................................................. 89 Consolidated Statements of Cash Flows . ..................................................... 90 Consolidated Statements of Shareowners’ Equity. ............................................... 91 Notes to Consolidated Financial Statements . .................................................. 92 Report of Management. ................................................................. 154 Report of Independent Registered Public Accounting Firm . ....................................... 156 Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting . ..... 157 Quarterly Data (Unaudited). .............................................................. 158 87
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, 2010 2009 2008 (In millions except per share data) NET OPERATING REVENUES $ 35,119 $ 30,990 $ 31,944 Cost of goods sold 12,693 11,088 11,374 GROSS PROFIT 22,426 19,902 20,570 Selling, general and administrative expenses 13,158 11,358 11,774 Other operating charges 819 313 350 OPERATING INCOME 8,449 8,231 8,446 Interest income 317 249 333 Interest expense 733 355 438 Equity income (loss) — net 1,025 781 (874) Other income (loss) — net 5,185 40 39 INCOME BEFORE INCOME TAXES 14,243 8,946 7,506 Income taxes 2,384 2,040 1,632 CONSOLIDATED NET INCOME 11,859 6,906 5,874 Less: Net income attributable to noncontrolling interests 50 82 67 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 11,809 $ 6,824 $ 5,807 BASIC NET INCOME PER SHARE 1 $ 5.12 $ 2.95 $ 2.51 DILUTED NET INCOME PER SHARE 1 $ 5.06 $ 2.93 $ 2.49 AVERAGE SHARES OUTSTANDING 2,308 2,314 2,315 Effect of dilutive securities 25 15 21 AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,333 2,329 2,336 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. 88
Background image of page 2
THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31, 2010 2009 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents $ 8,517 $ 7,021 Short-term investments 2,682 2,130 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 11,199 9,151 Marketable securities 138 62 Trade accounts receivable, less allowances of $48 and $55, respectively 4,430 3,758 Inventories 2,650 2,354 Prepaid expenses and other assets 3,162 2,226 TOTAL CURRENT ASSETS 21,579 17,551 EQUITY METHOD INVESTMENTS 6,954 6,217 OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES 631 538 OTHER ASSETS 2,121 1,976 PROPERTY, PLANT AND EQUIPMENT — net 14,727 9,561 TRADEMARKS WITH INDEFINITE LIVES 6,356 6,183 BOTTLERS’ FRANCHISE RIGHTS WITH INDEFINITE LIVES 7,511 1,953 GOODWILL 11,665 4,224 OTHER INTANGIBLE ASSETS 1,377 468 TOTAL ASSETS $ 72,921 $ 48,671 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 8,859 $ 6,657 Loans and notes payable 8,100 6,749 Current maturities of long-term debt 1,276 51 Accrued income taxes 273 264 TOTAL CURRENT LIABILITIES 18,508 13,721 LONG-TERM DEBT 14,041 5,059 OTHER LIABILITIES 4,794 2,965 DEFERRED INCOME TAXES 4,261 1,580 THE COCA-COLA COMPANY SHAREOWNERS’ EQUITY Common stock, $0.25 par value; Authorized — 5,600 shares; Issued — 3,520 and 3,520 shares, respectively 880 880 Capital surplus 10,057 8,537 Reinvested earnings 49,278 41,537 Accumulated other comprehensive income (loss) (1,450) (757) Treasury stock, at cost — 1,228 and 1,217 shares, respectively (27,762) (25,398) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 31,003 24,799 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 314 547 TOTAL EQUITY 31,317 25,346 TOTAL LIABILITIES AND EQUITY $ 72,921 $ 48,671 Refer to Notes to Consolidated Financial Statements.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 75

Coca-Cola_Item8_2010_10k - ITEM 8. FINANCIAL STATEMENTS AND...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online