KO Q1 2022 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

Q1 2022 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$10.5B	—	$9.0B	—	16.3%
Op. Income	$3.4B	—	$2.7B	—	25.1%
Gross Margin	61.0%	—	61.1%	—	-0.1pp
Net Margin	26.5%	—	24.9%	—	1.6pp
EPS (Diluted)	$0.64	—	$0.52	—	23.1%
Free Cash Flow	$406M	—	$1.4B	—	-71.4%

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.4B
R&D Expenses	$0
Selling & Marketing	$980M
General & Administrative	$1.9B
SG&A Expenses	$2.9B
Other Expenses	$98M
Operating Expenses	$3.0B
Cost & Expenses	$7.1B
OPERATING INCOME	$3.4B
Interest Income	$78M
Interest Expense	$182M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$665M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$324M
EBIT	$3.6B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.4B
R&D Expenses	$0
Selling & Marketing	$980M
General & Administrative	$1.9B
SG&A Expenses	$2.9B
Other Expenses	$98M
Operating Expenses	$3.0B
Cost & Expenses	$7.1B
OPERATING INCOME	$3.4B
Interest Income	$78M
Interest Expense	$182M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$665M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$324M
EBIT	$3.6B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$324M
Stock-Based Compensation	$87M
Deferred Income Tax	$41M
Other Non-Cash Items	-$154M
Change in Working Capital	-$2.5B
OPERATING CASH FLOW	$623M
Capital Expenditure	-$217M
Acquisitions (Net)	$213M
Purchases of Investments	-$835M
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$338M
NET CASH FROM INVESTING	$146M
Net Debt Issuance	$7M
Common Stock Repurchased	-$546M
Common Dividends Paid	-$1.9B
Other Financing Activities	-$979M
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$406M
Net Change in Cash	-$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.7B
Short-Term Investments	$2.7B
Net Receivables	$4.6B
Inventory	$3.7B
Other Current Assets	$3.4B
TOTAL CURRENT ASSETS	$22.2B
PP&E (Net)	$9.8B
Goodwill	$19.6B
Intangible Assets	$15.1B
Long-Term Investments	$19.0B
Tax Assets	$2.0B
Other Non-Current Assets	$6.4B
TOTAL NON-CURRENT ASSETS	$71.9B
TOTAL ASSETS	$94.1B
Account Payables	$13.3B
Short-Term Debt	$4.6B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$18.8B
Long-Term Debt	$37.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.1B
Other Non-Current Liabilities	$8.3B
TOTAL NON-CURRENT LIABILITIES	$48.4B
TOTAL LIABILITIES	$67.2B
Common Stock	$1.8B
Additional Paid-In Capital	$18.4B
Retained Earnings	$70.0B
Treasury Stock	-$51.9B
Accum. Other Comp. Income	-$13.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$24.8B
Minority Interest	$2.0B
TOTAL EQUITY	$26.8B
TOTAL LIABILITIES & EQUITY	$94.1B
Total Debt	$41.7B
Net Debt	$34.0B