KO Q2 2017 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

Q2 2017 Earnings

Reported July 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$9.7B	$9.1B	$11.5B	6.4%	-15.9%
Op. Income	$2.0B	$2.0B	$2.9B	3.8%	-28.8%
Gross Margin	62.3%	61.5%	61.3%	0.8pp	1.0pp
Net Margin	14.1%	13.0%	29.9%	1.2pp	-15.8pp
EPS (Diluted)	$0.32	$0.27	$0.79	18.5%	-59.5%
Free Cash Flow	$2.2B	$346M	$2.7B	539.6%	-17.0%

Revenue Flow

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$3.7B
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$985M
General & Administrative	$2.2B
SG&A Expenses	$3.1B
Other Expenses	$867M
Operating Expenses	$4.0B
Cost & Expenses	$7.7B
OPERATING INCOME	$2.0B
Interest Income	$165M
Interest Expense	$231M
Other Income/Expenses	$587M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$301M
EBIT	$2.9B
EBITDA	$3.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$3.7B
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$985M
General & Administrative	$2.2B
SG&A Expenses	$3.1B
Other Expenses	$867M
Operating Expenses	$4.0B
Cost & Expenses	$7.7B
OPERATING INCOME	$2.0B
Interest Income	$165M
Interest Expense	$231M
Other Income/Expenses	$587M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$301M
EBIT	$2.9B
EBITDA	$3.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$301M
Stock-Based Compensation	$59M
Deferred Income Tax	$654M
Other Non-Cash Items	$126M
Change in Working Capital	$91M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$390M
Acquisitions (Net)	$442M
Purchases of Investments	-$6.5B
Sales/Maturities of Investments	$4.2B
Other Investing Activities	$20M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$893M
Common Dividends Paid	-$1.6B
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$738M
FREE CASH FLOW	$2.2B
Net Change in Cash	-$402M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.7B
Short-Term Investments	$15.5B
Net Receivables	$4.0B
Inventory	$2.8B
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$39.0B
PP&E (Net)	$8.7B
Goodwill	$9.4B
Intangible Assets	$7.7B
Long-Term Investments	$22.0B
Tax Assets	$4.3B
Other Non-Current Assets	-$12M
TOTAL NON-CURRENT ASSETS	$52.2B
TOTAL ASSETS	$91.1B
Account Payables	$10.4B
Short-Term Debt	$17.8B
Deferred Revenue	$0
Other Current Liabilities	$283M
TOTAL CURRENT LIABILITIES	$28.8B
Long-Term Debt	$31.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.3B
Other Non-Current Liabilities	$4.1B
TOTAL NON-CURRENT LIABILITIES	$40.2B
TOTAL LIABILITIES	$69.1B
Common Stock	$1.8B
Additional Paid-In Capital	$15.5B
Retained Earnings	$64.9B
Treasury Stock	-$49.6B
Accum. Other Comp. Income	-$10.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$22.0B
Minority Interest	$88M
TOTAL EQUITY	$22.1B
TOTAL LIABILITIES & EQUITY	$91.1B
Total Debt	$49.6B
Net Debt	$37.9B