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    Coca-Cola 10-K Item 06

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    junerubin
    This document summarizes selected financial data for the company from 2006 to 2002. Some key details include: - Net operating revenues increased from $19.4 billion in 2002 to $24.1 billion in 2006. - Gross profit increased from $12.3 billion to $15.9 billion between 2002 and 2006. - Net income before changes in accounting principles increased from $4.3 billion to $5.1 billion from 2003 to 2006. - Total assets increased from $24.5 billion in 2002 to $30 billion in 2006.

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    Coca-Cola 10-K Item 06

    Uploaded by

    junerubin
    29 views1 page
    This document summarizes selected financial data for the company from 2006 to 2002. Some key details include: - Net operating revenues increased from $19.4 billion in 2002 to $24.1 billion in 2006. - Gross profit increased from $12.3 billion to $15.9 billion between 2002 and 2006. - Net income before changes in accounting principles increased from $4.3 billion to $5.1 billion from 2003 to 2006. - Total assets increased from $24.5 billion in 2002 to $30 billion in 2006.

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    This document summarizes selected financial data for the company from 2006 to 2002. Some key details include: - Net operating revenues increased from $19.4 billion in 2002 to $24.1 billion in 2006. - Gross profit increased from $12.3 billion to $15.9 billion between 2002 and 2006. - Net income before changes in accounting principles increased from $4.3 billion to $5.1 billion from 2003 to 2006. - Total assets increased from $24.5 billion in 2002 to $30 billion in 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views1 page

    Coca-Cola 10-K Item 06

    Uploaded by

    junerubin
    This document summarizes selected financial data for the company from 2006 to 2002. Some key details include: - Net operating revenues increased from $19.4 billion in 2002 to $24.1 billion in 2006. - Gross profit increased from $12.3 billion to $15.9 billion between 2002 and 2006. - Net income before changes in accounting principles increased from $4.3 billion to $5.1 billion from 2003 to 2006. - Total assets increased from $24.5 billion in 2002 to $30 billion in 2006.

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    of 1

    ITEM 6.

    SELECTED FINANCIAL DATA


    The following selected financial data should be read in conjunction with ‘‘Item 7. Management’s Discussion
    and Analysis of Financial Condition and Results of Operations’’ and consolidated financial statements and notes
    thereto contained in ‘‘Item 8. Financial Statements and Supplementary Data’’ of this report.
    Year Ended December 31, 20061 20052 20042,3 2003 20024,5
    (In millions except per share data)
    SUMMARY OF OPERATIONS
    Net operating revenues $ 24,088 $ 23,104 $ 21,742 $ 20,857 $ 19,394
    Cost of goods sold 8,164 8,195 7,674 7,776 7,118
    Gross profit 15,924 14,909 14,068 13,081 12,276
    Selling, general and administrative expenses 9,431 8,739 7,890 7,287 6,818
    Other operating charges 185 85 480 573 —
    Operating income 6,308 6,085 5,698 5,221 5,458
    Interest income 193 235 157 176 209
    Interest expense 220 240 196 178 199
    Equity income — net 102 680 621 406 384
    Other income (loss) — net 195 (93) (82) (138) (353)
    Gains on issuances of stock by equity investees — 23 24 8 —
    Income before income taxes and changes in accounting
    principles 6,578 6,690 6,222 5,495 5,499
    Income taxes 1,498 1,818 1,375 1,148 1,523
    Net income before changes in accounting principles $ 5,080 $ 4,872 $ 4,847 $ 4,347 $ 3,976
    Net income $ 5,080 $ 4,872 $ 4,847 $ 4,347 $ 3,050
    Average shares outstanding 2,348 2,392 2,426 2,459 2,478
    Average shares outstanding assuming dilution 2,350 2,393 2,429 2,462 2,483
    PER SHARE DATA
    Net income before changes in accounting principles — basic $ 2.16 $ 2.04 $ 2.00 $ 1.77 $ 1.60
    Net income before changes in accounting principles — diluted 2.16 2.04 2.00 1.77 1.60
    Basic net income 2.16 2.04 2.00 1.77 1.23
    Diluted net income 2.16 2.04 2.00 1.77 1.23
    Cash dividends 1.24 1.12 1.00 0.88 0.80
    Market price on December 31 48.25 40.31 41.64 50.75 43.84
    TOTAL MARKET VALUE OF COMMON STOCK $ 111,857 $ 95,504 $ 100,325 $ 123,908 $ 108,328
    BALANCE SHEET DATA
    Cash, cash equivalents and current marketable securities $ 2,590 $ 4,767 $ 6,768 $ 3,482 $ 2,345
    Property, plant and equipment — net 6,903 5,831 6,091 6,097 5,911
    Depreciation 763 752 715 667 614
    Capital expenditures 1,407 899 755 812 851
    Total assets 29,963 29,427 31,441 27,410 24,470
    Long-term debt 1,314 1,154 1,157 2,517 2,701
    Shareowners’ equity 16,920 16,355 15,935 14,090 11,800
    NET CASH PROVIDED BY OPERATING ACTIVITIES $ 5,957 $ 6,423 $ 5,968 $ 5,456 $ 4,742

    Certain prior year amounts have been reclassified to conform to the current year presentation.
    1
    In 2006, we adopted SFAS No.158, ‘‘Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans—an
    amendment of FASB Statements No. 87, 88, 106, and 132(R).’’
    2
    We adopted FSP No. 109-2, ‘‘Accounting and Disclosure Guidance for the Foreign Earnings Repatriation Provision within the
    American Jobs Creation Act of 2004’’ in 2004. FSP No. 109-2 allowed the Company to record the tax expense associated with the
    repatriation of foreign earnings in 2005 when the previously unremitted foreign earnings were actually repatriated.
    3
    We adopted FASB Interpretation No. 46 (revised December 2003), ‘‘Consolidation of Variable Interest Entities,’’ effective
    April 2, 2004.
    4
    In 2002, we adopted SFAS No. 142, ‘‘Goodwill and Other Intangible Assets.’’
    5
    In 2002, we adopted the fair value method provisions of SFAS No. 123, ‘‘Accounting for Stock-Based Compensation,’’ and we adopted
    SFAS No. 148, ‘‘Accounting for Stock-Based Compensation—Transition and Disclosure.’’

    31

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