Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

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

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net operating revenues 47,061 45,754 43,004 38,655 33,014
Cost of goods sold (18,324) (18,520) (18,000) (15,357) (13,433)
Gross profit 28,737 27,234 25,004 23,298 19,581
Selling, general and administrative expenses (14,582) (13,972) (12,880) (12,144) (9,731)
Other operating charges (4,163) (1,951) (1,215) (846) (853)
Operating income 9,992 11,311 10,909 10,308 8,997
Interest income 988 907 449 276 370
Interest expense (1,656) (1,527) (882) (1,597) (1,437)
Equity income, net 1,770 1,691 1,472 1,438 978
Other income (loss), net 1,992 570 (262) 2,000 841
Income before income taxes 13,086 12,952 11,686 12,425 9,749
Income taxes (2,437) (2,249) (2,115) (2,621) (1,981)
Consolidated net income 10,649 10,703 9,571 9,804 7,768
Net (income) loss attributable to noncontrolling interests (18) 11 (29) (33) (21)
Net income attributable to shareowners of The Coca-Cola Company 10,631 10,714 9,542 9,771 7,747

Based on: 10-K (reporting date: 2024-12-31), 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).

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 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co. operating income increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.