Stock Analysis on Net
Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Common-Size Income Statement

Coca-Cola Co., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net operating revenues 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -40.48 -41.86 -39.73 -40.69 -39.23
Gross profit 59.52% 58.14% 60.27% 59.31% 60.77%
Selling, general and administrative expenses -30.54 -29.95 -31.42 -29.48 -32.48
Other operating charges -4.26 -2.83 -2.19 -2.58 -1.23
Operating income 24.72% 25.37% 26.67% 27.25% 27.06%
Interest income 1.98 1.04 0.71 1.12 1.51
Interest expense -3.34 -2.05 -4.13 -4.35 -2.54
Equity income, net 3.70 3.42 3.72 2.96 2.81
Other income (loss), net 1.25 -0.61 5.17 2.55 0.09
Income before income taxes 28.31% 27.17% 32.14% 29.53% 28.94%
Income taxes -4.92 -4.92 -6.78 -6.00 -4.83
Consolidated net income 23.39% 22.26% 25.36% 23.53% 24.11%
Net (income) loss attributable to noncontrolling interests 0.02 -0.07 -0.09 -0.06 -0.17
Net income attributable to shareowners of The Coca-Cola Company 23.42% 22.19% 25.28% 23.47% 23.94%

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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co. operating income as a percentage of net operating revenues decreased 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 as a percentage of net operating revenues decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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 as a percentage of net operating revenues decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.