KO FY 2008 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

FY 2008 Earnings

Reported February 26, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$31.9B	—	$28.9B	—	10.7%
Op. Income	$8.4B	—	$7.3B	—	16.5%
Gross Margin	64.4%	—	63.9%	—	0.5pp
Net Margin	18.2%	—	20.7%	—	-2.5pp
EPS (Diluted)	$1.25	—	$1.29	—	-3.1%
Free Cash Flow	$5.6B	—	$5.5B	—	1.8%

Revenue Flow

Item	Amount
REVENUE	$31.9B
Cost of Revenue	$11.4B
GROSS PROFIT	$20.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$11.8B
Other Expenses	$350M
Operating Expenses	$12.1B
Cost & Expenses	$23.5B
OPERATING INCOME	$8.4B
Interest Income	$333M
Interest Expense	$438M
Other Income/Expenses	-$940M
INCOME BEFORE TAX	$7.5B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.8B
D&A	$1.2B
EBIT	$7.9B
EBITDA	$9.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$31.9B
Cost of Revenue	$11.4B
GROSS PROFIT	$20.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$11.8B
Other Expenses	$350M
Operating Expenses	$12.1B
Cost & Expenses	$23.5B
OPERATING INCOME	$8.4B
Interest Income	$333M
Interest Expense	$438M
Other Income/Expenses	-$940M
INCOME BEFORE TAX	$7.5B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.8B
D&A	$1.2B
EBIT	$7.9B
EBITDA	$9.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5.8B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$266M
Deferred Income Tax	-$360M
Other Non-Cash Items	$1.3B
Change in Working Capital	-$688M
OPERATING CASH FLOW	$7.6B
Capital Expenditure	-$2.0B
Acquisitions (Net)	-$759M
Purchases of Investments	-$240M
Sales/Maturities of Investments	$479M
Other Investing Activities	$125M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$29M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$3.5B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$5.6B
Net Change in Cash	$608M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.7B
Short-Term Investments	$278M
Net Receivables	$3.1B
Inventory	$2.2B
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$12.2B
PP&E (Net)	$8.3B
Goodwill	$4.0B
Intangible Assets	$8.5B
Long-Term Investments	$5.8B
Tax Assets	$877M
Other Non-Current Assets	$856M
TOTAL NON-CURRENT ASSETS	$28.3B
TOTAL ASSETS	$40.5B
Account Payables	$1.4B
Short-Term Debt	$6.5B
Deferred Revenue	$0
Other Current Liabilities	$4.3B
TOTAL CURRENT LIABILITIES	$13.0B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$877M
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$20.0B
Common Stock	$880M
Additional Paid-In Capital	$8.0B
Retained Earnings	$38.5B
Treasury Stock	-$24.2B
Accum. Other Comp. Income	-$2.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.5B
Minority Interest	$0
TOTAL EQUITY	$20.5B
TOTAL LIABILITIES & EQUITY	$40.5B
Total Debt	$9.3B
Net Debt	$4.6B