KO FY 2023 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

FY 2023 Earnings

Reported February 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$45.8B	—	$43.0B	—	6.4%
Op. Income	$11.3B	—	$10.9B	—	3.7%
Gross Margin	59.5%	—	58.1%	—	1.4pp
Net Margin	23.4%	—	22.2%	—	1.2pp
EPS (Diluted)	$2.47	—	$2.19	—	12.8%
Free Cash Flow	$9.7B	—	$9.5B	—	2.2%

Revenue Flow

Item	Amount
REVENUE	$45.8B
Cost of Revenue	$18.5B
GROSS PROFIT	$27.2B
R&D Expenses	$0
Selling & Marketing	$5.0B
General & Administrative	$9.0B
SG&A Expenses	$14.0B
Other Expenses	$1.9B
Operating Expenses	$15.9B
Cost & Expenses	$34.4B
OPERATING INCOME	$11.3B
Interest Income	$907M
Interest Expense	$1.5B
Other Income/Expenses	$1.6B
INCOME BEFORE TAX	$13.0B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$10.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.7B
D&A	$1.1B
EBIT	$14.5B
EBITDA	$15.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$45.8B
Cost of Revenue	$18.5B
GROSS PROFIT	$27.2B
R&D Expenses	$0
Selling & Marketing	$5.0B
General & Administrative	$9.0B
SG&A Expenses	$14.0B
Other Expenses	$1.9B
Operating Expenses	$15.9B
Cost & Expenses	$34.4B
OPERATING INCOME	$11.3B
Interest Income	$907M
Interest Expense	$1.5B
Other Income/Expenses	$1.6B
INCOME BEFORE TAX	$13.0B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$10.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.7B
D&A	$1.1B
EBIT	$14.5B
EBITDA	$15.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$10.7B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$254M
Deferred Income Tax	-$2M
Other Non-Cash Items	$351M
Change in Working Capital	-$846M
OPERATING CASH FLOW	$11.6B
Capital Expenditure	-$1.9B
Acquisitions (Net)	$442M
Purchases of Investments	-$6.7B
Sales/Maturities of Investments	$4.4B
Other Investing Activities	$405M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$2.3B
Common Dividends Paid	-$8.0B
Other Financing Activities	-$465M
NET CASH FROM FINANCING	-$8.3B
FREE CASH FLOW	$9.7B
Net Change in Cash	-$133M

Balance Sheet

Item	Amount
Cash & Equivalents	$9.4B
Short-Term Investments	$4.3B
Net Receivables	$3.4B
Inventory	$4.4B
Other Current Assets	$5.2B
TOTAL CURRENT ASSETS	$26.7B
PP&E (Net)	$9.2B
Goodwill	$18.4B
Intangible Assets	$14.9B
Long-Term Investments	$19.8B
Tax Assets	$1.6B
Other Non-Current Assets	$7.2B
TOTAL NON-CURRENT ASSETS	$71.0B
TOTAL ASSETS	$97.7B
Account Payables	$5.6B
Short-Term Debt	$6.9B
Deferred Revenue	$0
Other Current Liabilities	$8.1B
TOTAL CURRENT LIABILITIES	$23.6B
Long-Term Debt	$35.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$7.5B
TOTAL NON-CURRENT LIABILITIES	$46.7B
TOTAL LIABILITIES	$70.2B
Common Stock	$1.8B
Additional Paid-In Capital	$19.2B
Retained Earnings	$73.8B
Treasury Stock	-$54.5B
Accum. Other Comp. Income	-$14.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$25.9B
Minority Interest	$1.5B
TOTAL EQUITY	$27.5B
TOTAL LIABILITIES & EQUITY	$97.7B
Total Debt	$43.4B
Net Debt	$34.1B