Coca-Cola Co. (KO)
Analysis of Revenues
Revenue Recognition Accounting Policy
Effective January 1, 2018, Coca-Cola adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"). Revenue is recognized when performance obligations under the terms of the contracts with Coca-Cola’s customers are satisfied. Prior to the adoption of ASC 606, Coca-Cola recognized revenue when persuasive evidence of an arrangement existed, delivery of products had occurred, the sales price was fixed or determinable and collectibility was reasonably assured.
Source: 10-K (filing date: 2019-02-21).
Revenues as Reported
Coca-Cola Co., Income Statement, Revenues
US$ in millions
|12 months ended||Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Europe, Middle East & Africa|
|Net operating revenues, third party|
|Net operating revenues, third party||Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).||Coca-Cola Co.’s net operating revenues, third party declined from 2016 to 2017 and from 2017 to 2018.|