COKE FY 2022 Earnings Report — Coca-Cola Consolidated, Inc. Revenue & Financial Results | Market Cap Arena

Coca-Cola Consolidated, Inc.COKE

FY 2022 Earnings

Reported February 22, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$6.2B	—	$5.6B	—	11.5%
Op. Income	$641M	—	$439M	—	46.0%
Gross Margin	36.7%	—	35.1%	—	1.6pp
Net Margin	6.9%	—	3.4%	—	3.5pp
EPS (Diluted)	$4.57	—	$2.02	—	126.2%
Free Cash Flow	$225M	—	$366M	—	-38.5%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.9B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.6B
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$575M
Income Tax Expense	$145M
Net Income from Continuing Ops	$430M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$430M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$430M
D&A	$172M
EBIT	$600M
EBITDA	$771M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.9B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.6B
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$575M
Income Tax Expense	$145M
Net Income from Continuing Ops	$430M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$430M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$430M
D&A	$172M
EBIT	$600M
EBITDA	$771M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$430M
Depreciation & Amortization	$172M
Stock-Based Compensation	$10M
Deferred Income Tax	-$10M
Other Non-Cash Items	$29M
Change in Working Capital	-$76M
OPERATING CASH FLOW	$555M
Capital Expenditure	-$329M
Acquisitions (Net)	-$3M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$3M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$325M
Net Debt Issuance	-$128M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	-$37M
NET CASH FROM FINANCING	-$174M
FREE CASH FLOW	$225M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$0
Net Receivables	$606M
Inventory	$348M
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.3B
Goodwill	$166M
Intangible Assets	$851M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$116M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.7B
Account Payables	$352M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$159M
TOTAL CURRENT LIABILITIES	$905M
Long-Term Debt	$599M
Deferred Revenue NC	$103M
Deferred Tax Liabilities	$150M
Other Non-Current Liabilities	$710M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.6B
Common Stock	$13M
Additional Paid-In Capital	$136M
Retained Earnings	$1.1B
Treasury Stock	-$61M
Accum. Other Comp. Income	-$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$755M
Net Debt	$557M