COCA-COLA CO INCOME STATEMENT

Fiscal year ends in December. USD in millions except per

share data.

2011-12

Revenue
Sales
Cost of revenue (COGS)
Gross profit
Operating expenses
Sales, General and administrative
Other operating expenses
Total operating expenses
Operating income
Interest Expense
Other income (expense)
Income before taxes (EBT)
Provision for income taxes
Net income from continuing operations
Other
Net income
Net income available to common shareholders
Earnings per share
Basic
Diluted
Weighted average shares outstanding
Basic
Diluted
EBITDA

2012-12

2013-12

2014-12

2015-12

46,542
18,216
28,326

48,017
19,053
28,964

46,854
18,421
28,433

45,998
17,889
28,109

44,294
17,482
26,812

17,440
732
18,172
10,154
417
1,702
11,439

17,738
447
18,185
10,779
397
1,427
11,809

17,310
895
18,205
10,228
463
1,712
11,477

17,218
1,183
18,401
9,708
483
100
9,325

10,237
7,847
18,084
8,728
856
1,733
9,605

2,805
8,634
62 8,572
8,572

2,723
9,086
67 9,019
9,019

2,851
8,626
42 8,584
8,584

2,201
7,124
26 7,098
7,098

2,239
7,366
15
7,351
7,351

1.88
1.84

2.00
1.97

1.94
1.90

1.62
1.60

1.69
1.67

4,568
4,646
13,810

4,504
4,584
14,188

4,434
4,509
13,917

4,387
4,450
11,784

4,352
4,405
12,431

Ratio

2011-12 2012-12 2013-12 2014-12 2015-12

Gross Margin

60.96%

62.13%

61.15%

60.00%

59.17%

Operating Margin

21.82%

22.45%

21.83%

21.11%

19.70%

Pretax Margin (EBT Margin)

24.58%

24.59%

24.50%

20.27%

21.68%

Net Profit Margin

18.42%

18.78%

18.32%

15.43%

16.60%

28.43

30.75%

25.79%

20.31%

12.22%

Interest Coverage

Chart 1- KO

TTM
42,454
16,725
25,729
9,629
7,311
16,940
8,789
628
998
9,159

1,920
7,239
25
7,214
7,214

$60,000

$50,000
46,542

46,854

45,9

28,964

28,433

28,1

10,779

10,228

9,7

9,019

8,584

2012-12

2013-12

$40,000

28,326
$30,000

$20,000

10,154
$10,000

1.67
1.65

48,017

8,572

7,0

$0

4,326
4,378
11,637

2011-12

Date Range

2014

$0

2011-12

2012-12

2013-12

2014

Date Range

TTM

Explanation

Gross Margin is the percent of money that

Coca-Cola retains after their COGS. Meaning
that Coca-Cola's expenses are less than the
60.10% money they bring in.
Op. Margin is the remaining percentage of the
revenue that Coca-Cola retains after the
operating income is subtracted. Coca-Colas
operating margin is normally low, which is
good because it means that they are retaining
20.70% a lot of the revenue they make.
Pretax Margin is Coca-Cola's percentage of
earnings before Tax out of its revenue. This
helps us know the profitability of Coca-Cola
because the higher the percentage the more
profitable. We can see here that Coca-Cola's
21.57% profitability averages around 23ish percent
Net Profit Margin is the amount of revenue left
over after all the expenses have been
subtracted. This shows the exact amount of
Profit that Coca Cola is able to extract for it's
16.99% sale.
The interest coverage shows Coca-Cola how
many times it could pay it's debts with it's
earnings. Coca-Cola has been decreasing over
the years of the available earnings that they
could use to pay. Basically, their safety has
15.58% decreased.

C
70.00%
60.96%
60.00%

62.13%

50.00%

40.00%

30.00%
21.82%

22.45%

20.00%
18.42%
10.00%

0.00%

18.78%

1- KO

45,998

44,294

Sales
Gross Profit
28,109

9,708

26,812

8,728

7,098

7,351

2014-12

2015-12

Operating Income
Net Income

13%

45%

78%

2014-12

2015-12

Chart 2- KO
61.15%

60.00%

59.17%

Gross Margin
Operating Margin
Net Profit Margin

21.83%

21.11%

18.32%
15.43%

19.70%
16.60%

COCA-COLA BALANCE SHEET

Fiscal year ends in December. USD in millions except per
share data.

Assets
Current assets
Cash
Cash and cash equivalents
Short-term investments
Total cash
Receivables
Inventories
Prepaid expenses
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Gross property, plant and equipment
Accumulated Depreciation
Net property, plant and equipment
Equity and other investments
Goodwill
Intangible assets
Other long-term assets
Total non-current assets
Total assets
Liabilities and stockholders' equity
Liabilities
Current liabilities
Short-term debt
Accounts payable

2011-12

2012-12

12803
1232
14035
4920
3092
3450

2013-12

10414
9854
20268
4873
3277
2886

25497

8442
8109
16551
4759
3264
2781
2973
30328

23151
-8212
14939
8374
12219
15450
3495
54477
79974

23486
-9010
14476
10448
12255
15082
3585
55846
86174

25032
-10065
14967
11512
12312
15299
4661
58751
90055

14912
2172

17874
1969

17925
1933

31304

Taxes payable
Accrued liabilities
Other current liabilities
Total current liabilities
Non-current liabilities
Long-term debt
Deferred taxes liabilities
Minority interest
Other long-term liabilities
Total non-current liabilities
Total liabilities
Stockholders' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated other comprehensive income
Total stockholders' equity
Total liabilities and stockholders' equity

Ratio

Current Ratio

362
6837
24283

471
6711
796
27821

27811

13656
4694
286
5420
24056
48339

14736
4981
378
5468
25563
53384

19154
6152
267
3498
29071
56882

880
11212
53550
-31304
-2703
31635
79974

1760
11379
58045
-35009
-3385
32790
86174

1760
12276
61660
-39091
-3432
33173
90055

2011-12

2012-12

1.05

309
7644

2013-12

1.09

1.13

Quick Ratio

0.92

0.97

1.01

Debt-To-Equity Ratio

1.53

1.63

1.71

Return on Equity

27.10%

27.51%

25.88%

Return on Assets

10.72%

10.47%

9.53%

15.05

14.71

14.30

Inventory Turnover

T
2014-12

2015-12

8958
12717
21675
4466
3100
3066
679
32986

7309
12591
19900
3941
2902
2752
3900
33395

25258
-10625
14633
13625
12100
14272
4407
59037
92023

22354
-9783
12571
15788
11289
12843
4207
56698
90093

22682
2089

15806
2795

400
7145
58
32374

331
6865
1133
26930

19063
5636
241
4389
29329
61703

28407
4691
210
4301
37609
64539

1760
13154
63408
-42225
-5777
30320
92023

1760
14016
65018
-45066
-10174
25554
90093

2014-12

2015-12

1.02

Sales
Net Income

Explanation
The current ratio indicates Coca-Cola's ability to
pay off their liabilities. A company under 1
means that they would not be able to pay off
their liabilities. Here you can see that Coca-Cola
is above a 1 in all the years from 11-15 and so
they are able to pay off their liabilities when
1.24 they need to.

46,542
8,572

0.92

The quick ratio indicates Coca-Cola's ability to

convert assets to quick cash if they needed to
liquidate. Coca-Cola's ability to liquidate for
quick cash and cover it's costs is lower than
1.13 current ratio.

2.04

Debt-to-Equity shows the Coca-Cola's financial

leverage and calculates whether the company
pays equity through debt or vice-versa. CocaCola's percentages over the years shows that
they have taken on little debt and has a small
2.53 amount of risk.

23.41%

The percentage shows how much money the

shareholder's investments have returned in
profit. For a shareholder to get almost 30% back
in profit, like Coca-Cola, on their shares is very
28.77% good.

7.71%

ROA shows how efficient the company is at

using its assets to generate Revenue. Coca-Cola
has a smaller return on its investments, but it
doesn't mean that it doesn't have a specific
8.16% reason why they have those assets.

14.84

Inventory turnover shows how many times

Coca-Cola has to purchase inventory in a year.
Coca-Cola has to purchase and replace
inventory more 1-2 times every month. And
15.26 they are consistent with it over the years.

48,017
9,019

46,854
8,584

45,998
7,098

44,294
7,351

42,454
7,214

Company ($1000)
Coca-Cola (KO)
PepsiCo (NYSE: PEP)
Monster Beverage (NASDAQ: MNST)

Shares Bought Shares

23
23
23

Value
$963.01
$990.61
$981.10

Stock Market Performance

(10/15/2015-10/14/2016)
left over of $1000 Buying
$36.99
$9.39
$18.90

Price Selling Price Dividend/Share

41.87
41.67
1.38
98.11
106.83
0
43.07
48.36
2.91

arket Performance

15/2015-10/14/2016)
Over all Earnings Per Share Shares Outstanding Worth of Investment At Sale
1.18
4,310,000,000
$1,027.14
8.72
1,430,000,000
$2,466.48
8.20
570,980,000
$1,198.16

ROI %
P/E Ratio Per Share Market Capitalization
6.66%
35.31
179,597,700,000
148.99%
12.25
152,766,900,000
22.12%
5.90
27,612,592,800