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Coca-Cola Co. (NYSE:KO)

Common-Size Balance Sheet: Assets
Quarterly Data

Coca-Cola Co., common-size consolidated balance sheet: assets (quarterly data)

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Jul 3, 2026 Apr 3, 2026 Dec 31, 2025 Sep 26, 2025 Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021
Cash and cash equivalents 11.96 10.15 9.80 12.01 9.19 8.28 10.77 13.12 13.55 10.51 9.59 12.18 12.76 12.32 10.26 10.95 9.63 8.17 10.26 12.47 10.19 9.43
Short-term investments 0.58 0.49 3.44 1.08 2.55 3.52 2.01 2.30 3.65 4.79 3.07 2.39 1.90 1.20 1.12 1.21 0.83 0.78 1.32 2.04 2.31 2.08
Cash, cash equivalents and short-term investments 12.54% 10.63% 13.23% 13.08% 11.74% 11.79% 12.78% 15.41% 17.19% 15.30% 12.65% 14.57% 14.66% 13.52% 11.39% 12.16% 10.47% 8.95% 11.58% 14.51% 12.49% 11.51%
Marketable securities 2.63 2.63 1.85 1.80 1.96 1.76 1.71 1.68 1.58 1.73 1.33 1.25 1.28 1.15 1.15 2.13 2.00 2.06 1.80 1.90 1.97 2.48
Trade accounts receivable, less allowances 3.46 3.53 2.90 3.72 3.99 4.02 3.55 3.98 4.49 4.27 3.49 3.58 4.03 4.72 3.76 4.32 4.82 4.93 3.72 4.29 4.47 4.18
Inventories 4.31 4.54 4.22 4.53 4.87 5.02 4.70 4.44 4.71 4.99 4.53 4.36 4.72 4.85 4.56 4.01 3.89 3.98 3.62 3.51 3.64 3.73
Prepaid expenses and other current assets 2.49 2.83 2.32 2.56 2.93 3.14 3.11 2.99 3.26 3.36 5.36 4.80 3.33 3.35 3.49 3.48 3.66 3.63 3.17 2.54 2.35 2.47
Assets held for sale 5.04 5.00 5.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 30.46% 29.16% 29.62% 25.69% 25.50% 25.74% 25.86% 28.50% 31.22% 29.64% 27.36% 28.56% 28.02% 27.60% 24.35% 26.10% 24.84% 23.55% 23.89% 26.75% 24.93% 24.37%
Equity method investments 19.26 19.58 19.31 19.16 18.57 18.06 17.99 17.87 18.72 19.61 20.13 19.73 19.56 19.24 19.69 19.17 19.02 19.35 18.65 20.18 20.48 21.07
Deferred income tax assets 1.01 1.09 1.15 1.19 1.27 1.29 1.31 1.34 1.39 1.47 1.60 1.61 1.69 1.74 1.88 1.85 1.97 2.13 2.26 2.47 2.54 2.59
Property, plant and equipment, less accumulated depreciation 8.93 9.14 9.17 10.28 10.34 10.26 10.25 9.28 9.40 9.36 9.45 9.08 9.86 10.11 10.61 10.00 10.16 10.40 10.51 11.10 11.69 11.86
Trademarks with indefinite lives 11.58 11.96 11.96 12.74 13.05 13.20 13.23 12.80 13.35 13.61 14.69 14.57 14.59 14.66 15.32 15.11 15.32 15.30 15.33 11.53 11.84 11.76
Goodwill 14.32 14.79 14.78 17.60 17.89 18.02 18.04 17.58 18.11 18.32 18.79 18.59 18.84 19.18 20.25 19.82 20.30 20.83 20.52 19.26 19.62 19.58
Other noncurrent assets 14.44 14.28 14.02 13.32 13.38 13.44 13.33 12.62 7.82 7.98 7.98 7.85 7.44 7.47 7.90 7.96 8.41 8.43 8.83 8.70 8.91 8.77
Noncurrent assets 69.54% 70.84% 70.38% 74.31% 74.50% 74.26% 74.14% 71.50% 68.78% 70.36% 72.64% 71.44% 71.98% 72.40% 75.65% 73.90% 75.16% 76.45% 76.11% 73.25% 75.07% 75.63%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-07-03), 10-Q (reporting date: 2026-04-03), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02).

The asset composition demonstrates a gradual shift from noncurrent toward current assets over the analyzed period. Current assets, which fluctuated between 23.55% and 31.22%, showed a general upward trajectory, peaking in mid-2024 before stabilizing around 30% by July 2026. Conversely, noncurrent assets declined from a high of 76.45% in April 2022 to 69.54% by the end of the period.

Liquidity and Working Capital
Cash, cash equivalents, and short-term investments exhibited significant volatility, reaching a peak of 17.19% of total assets in June 2024. While there was a notable dip in early 2022 to 8.95%, the overall trend indicates an increased liquidity position in the latter half of the period. Inventories remained relatively stable but showed a slight increase from approximately 3.5% in 2021 to a range of 4.3% to 5.0% between 2023 and 2026, suggesting a marginal increase in the scale of stock relative to total assets.
Intangible Assets and Goodwill
A consistent downward trend is observed in the proportion of intangible assets. Goodwill decreased from a peak of 20.83% in April 2022 to 14.32% by July 2026. Similarly, trademarks with indefinite lives, which peaked at 15.33% in late 2021, declined to 11.58% by July 2026. This contraction suggests either an increase in other asset classes or potential impairment adjustments over time.
Fixed Assets and Investments
Property, plant, and equipment (PP&E) showed a gradual decline as a percentage of total assets, moving from 11.86% in April 2021 to 8.93% by July 2026. Equity method investments remained the most stable noncurrent component, consistently oscillating between 17.87% and 21.07% throughout the duration of the period.
Strategic Asset Shifts
A significant change occurred in the final quarters of the analysis. Other noncurrent assets rose sharply from approximately 8% to over 14% starting in late 2024. Additionally, assets held for sale appeared in late 2025, maintaining a consistent presence at approximately 5% of total assets through July 2026, indicating a strategic move toward divestiture of specific business segments or assets.

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