Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Income Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Sep 25, 2020 Jun 26, 2020 Mar 27, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019
Net operating revenues 11,854 12,363 11,300 10,849 11,953 11,972 10,980 10,125 11,063 11,325 10,491 9,464 10,042 10,129 9,020 8,611 8,652 7,150 8,601 9,068 9,507 9,997 8,694
Cost of goods sold (4,664) (4,812) (4,235) (4,634) (4,657) (4,912) (4,317) (4,513) (4,566) (4,830) (4,091) (4,088) (3,977) (3,787) (3,505) (3,578) (3,471) (3,013) (3,371) (3,566) (3,767) (3,921) (3,365)
Gross profit 7,190 7,551 7,065 6,215 7,296 7,060 6,663 5,612 6,497 6,495 6,400 5,376 6,065 6,342 5,515 5,033 5,181 4,137 5,230 5,502 5,740 6,076 5,329
Selling, general and administrative expenses (3,636) (3,549) (3,351) (3,799) (3,667) (3,321) (3,185) (3,431) (3,279) (3,203) (2,967) (3,336) (3,122) (3,017) (2,669) (2,589) (2,511) (1,983) (2,648) (3,224) (3,116) (2,996) (2,767)
Other operating charges (1,044) (1,370) (1,573) (143) (359) (1,338) (111) (106) (130) (951) (28) (368) (45) (309) (124) (106) (372) (173) (202) (114) (125) (92) (127)
Operating income 2,510 2,632 2,141 2,273 3,270 2,401 3,367 2,075 3,088 2,341 3,405 1,672 2,898 3,016 2,722 2,338 2,298 1,981 2,380 2,164 2,499 2,988 2,435
Interest income 263 275 246 267 248 224 168 143 128 100 78 71 68 71 66 76 82 100 112 135 153 142 133
Interest expense (425) (418) (382) (413) (368) (374) (372) (304) (198) (198) (182) (165) (210) (780) (442) (310) (660) (274) (193) (235) (230) (236) (245)
Equity income, net 541 537 354 361 517 538 275 339 479 392 262 302 455 402 279 204 431 176 167 241 346 329 133
Other income (loss), net 491 2 1,513 (6) (130) 91 615 247 (53) (351) (105) 1,080 (127) 909 138 53 30 214 544 115 324 (174) (231)
Income before income taxes 3,380 3,028 3,872 2,482 3,537 2,880 4,053 2,500 3,444 2,284 3,458 2,960 3,084 3,618 2,763 2,361 2,181 2,197 3,010 2,420 3,092 3,049 2,225
Income taxes (530) (627) (687) (496) (454) (359) (940) (444) (622) (384) (665) (510) (609) (994) (508) (887) (441) (438) (215) (355) (503) (421) (522)
Consolidated net income 2,850 2,401 3,185 1,986 3,083 2,521 3,113 2,056 2,822 1,900 2,793 2,450 2,475 2,624 2,255 1,474 1,740 1,759 2,795 2,065 2,589 2,628 1,703
Net (income) loss attributable to noncontrolling interests (2) 10 (8) (13) 4 26 (6) (25) 3 5 (12) (36) (4) 17 (10) (18) (3) 20 (20) (23) 4 (21) (25)
Net income attributable to shareowners of The Coca-Cola Company 2,848 2,411 3,177 1,973 3,087 2,547 3,107 2,031 2,825 1,905 2,781 2,414 2,471 2,641 2,245 1,456 1,737 1,779 2,775 2,042 2,593 2,607 1,678

Based on: 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).

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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co. operating income increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 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 decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.