Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Coca-Cola Co., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net operating revenues	45,754)	43,004)	38,655)	33,014)	37,266)
Cost of goods sold	(18,520)	(18,000)	(15,357)	(13,433)	(14,619)
Gross profit	27,234)	25,004)	23,298)	19,581)	22,647)
Selling, general and administrative expenses	(13,972)	(12,880)	(12,144)	(9,731)	(12,103)
Other operating charges	(1,951)	(1,215)	(846)	(853)	(458)
Operating income	11,311)	10,909)	10,308)	8,997)	10,086)
Interest income	907)	449)	276)	370)	563)
Interest expense	(1,527)	(882)	(1,597)	(1,437)	(946)
Equity income, net	1,691)	1,472)	1,438)	978)	1,049)
Other income (loss), net	570)	(262)	2,000)	841)	34)
Income before income taxes	12,952)	11,686)	12,425)	9,749)	10,786)
Income taxes	(2,249)	(2,115)	(2,621)	(1,981)	(1,801)
Consolidated net income	10,703)	9,571)	9,804)	7,768)	8,985)
Net (income) loss attributable to noncontrolling interests	11)	(29)	(33)	(21)	(65)
Net income attributable to shareowners of The Coca-Cola Company	10,714)	9,542)	9,771)	7,747)	8,920)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Net operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Coca-Cola Co. net operating revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Coca-Cola Co. operating income increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Coca-Cola Co. income before income taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income attributable to shareowners of The Coca-Cola Company	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Coca-Cola Co. net income attributable to shareowners of The Coca-Cola Company decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Coca-Cola Co. (NYSE:KO)

Income Statement