KO FY 2021 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$38.7B	—	$33.0B	—	17.1%
Op. Income	$10.3B	—	$9.0B	—	14.6%
Gross Margin	60.3%	—	59.3%	—	1.0pp
Net Margin	25.3%	—	23.5%	—	1.8pp
EPS (Diluted)	$2.25	—	$1.79	—	25.7%
Free Cash Flow	$11.3B	—	$8.7B	—	29.9%

Revenue Flow

Item	Amount
REVENUE	$38.7B
Cost of Revenue	$15.4B
GROSS PROFIT	$23.3B
R&D Expenses	$0
Selling & Marketing	$4.0B
General & Administrative	$7.9B
SG&A Expenses	$11.9B
Other Expenses	$1.1B
Operating Expenses	$13.0B
Cost & Expenses	$28.3B
OPERATING INCOME	$10.3B
Interest Income	$276M
Interest Expense	$1.6B
Other Income/Expenses	$2.1B
INCOME BEFORE TAX	$12.4B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$9.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.8B
D&A	$1.5B
EBIT	$14.0B
EBITDA	$15.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$38.7B
Cost of Revenue	$15.4B
GROSS PROFIT	$23.3B
R&D Expenses	$0
Selling & Marketing	$4.0B
General & Administrative	$7.9B
SG&A Expenses	$11.9B
Other Expenses	$1.1B
Operating Expenses	$13.0B
Cost & Expenses	$28.3B
OPERATING INCOME	$10.3B
Interest Income	$276M
Interest Expense	$1.6B
Other Income/Expenses	$2.1B
INCOME BEFORE TAX	$12.4B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$9.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.8B
D&A	$1.5B
EBIT	$14.0B
EBITDA	$15.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9.8B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$337M
Deferred Income Tax	$894M
Other Non-Cash Items	-$1.2B
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$12.6B
Capital Expenditure	-$1.4B
Acquisitions (Net)	-$2.6B
Purchases of Investments	-$6.0B
Sales/Maturities of Investments	$7.1B
Other Investing Activities	$159M
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$228M
Common Stock Repurchased	-$111M
Common Dividends Paid	-$7.3B
Other Financing Activities	-$353M
NET CASH FROM FINANCING	-$6.8B
FREE CASH FLOW	$11.3B
Net Change in Cash	$2.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.7B
Short-Term Investments	$2.9B
Net Receivables	$3.5B
Inventory	$3.4B
Other Current Assets	$3.0B
TOTAL CURRENT ASSETS	$22.5B
PP&E (Net)	$9.9B
Goodwill	$19.4B
Intangible Assets	$15.3B
Long-Term Investments	$18.4B
Tax Assets	$2.1B
Other Non-Current Assets	$6.7B
TOTAL NON-CURRENT ASSETS	$71.8B
TOTAL ASSETS	$94.4B
Account Payables	$4.6B
Short-Term Debt	$5.0B
Deferred Revenue	$0
Other Current Liabilities	$8.7B
TOTAL CURRENT LIABILITIES	$19.9B
Long-Term Debt	$38.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$7.4B
TOTAL NON-CURRENT LIABILITIES	$49.5B
TOTAL LIABILITIES	$69.5B
Common Stock	$1.8B
Additional Paid-In Capital	$18.1B
Retained Earnings	$69.1B
Treasury Stock	-$51.6B
Accum. Other Comp. Income	-$14.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.0B
Minority Interest	$1.9B
TOTAL EQUITY	$24.9B
TOTAL LIABILITIES & EQUITY	$94.4B
Total Debt	$44.2B
Net Debt	$34.5B