Income Statement

Coca-Cola Co., Consolidated Income Statement

USD $ in millions

 
12 months ended Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009
Net operating revenues 46,854  48,017  46,542  35,119  30,990 
Cost of goods sold (18,421) (19,053) (18,216) (12,693) (11,088)
Gross profit 28,433  28,964  28,326  22,426  19,902 
Selling, general and administrative expenses (17,310) (17,738) (17,440) (13,158) (11,358)
Other operating charges (895) (447) (732) (819) (313)
Operating income 10,228  10,779  10,154  8,449  8,231 
Interest income 534  471  483  317  249 
Interest expense (463) (397) (417) (733) (355)
Equity income, net 602  819  690  1,025  781 
Other income (loss), net 576  137  529  5,185  40 
Income before income taxes 11,477  11,809  11,439  14,243  8,946 
Income taxes (2,851) (2,723) (2,805) (2,384) (2,040)
Consolidated net income 8,626  9,086  8,634  11,859  6,906 
Net income attributable to noncontrolling interests (42) (67) (62) (50) (82)
Net income attributable to shareowners of The Coca-Cola Company 8,584  9,019  8,572  11,809  6,824 
Source: Coca-Cola Co., Annual Reports
Item Description The company
Net operating revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Coca-Cola Co.'s net operating revenues increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co.'s operating income increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.
Income before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Coca-Cola Co.'s income before income taxes increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.
Consolidated net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Coca-Cola Co.'s consolidated net income increased from 2011 to 2012 but then declined significantly from 2012 to 2013.
Net income attributable to shareowners of The Coca-Cola Company The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Coca-Cola Co.'s net income attributable to shareowners of The Coca-Cola Company increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.

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