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Common-Size Income Statement

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Coca-Cola Co., Common-Size Consolidated Income Statement

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12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Net operating revenues 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -37.44 -39.33 -39.47 -38.89 -39.32
Gross profit 62.56% 60.67% 60.53% 61.11% 60.68%
Selling, general and administrative expenses -35.29 -36.46 -37.09 -37.43 -36.94
Other operating charges -6.09 -3.61 -3.74 -2.57 -1.91
Operating income 21.18% 20.61% 19.70% 21.11% 21.83%
Interest income 1.91 1.53 1.38 1.29 1.14
Interest expense -2.38 -1.75 -1.93 -1.05 -0.99
Equity income, net 3.02 1.99 1.10 1.67 1.28
Other income (loss), net -4.70 -2.95 1.42 -2.75 1.23
Income from continuing operations before income taxes 19.04% 19.43% 21.68% 20.27% 24.50%
Income taxes from continuing operations -15.70 -3.79 -5.05 -4.78 -6.08
Net income from continuing operations 3.34% 15.65% 16.63% 15.49% 18.41%
Income from discontinued operations, net of income taxes 0.29 0.00 0.00 0.00 0.00
Consolidated net income 3.62% 15.65% 16.63% 15.49% 18.41%
Net income attributable to noncontrolling interests -0.10 -0.05 -0.03 -0.06 -0.09
Net income attributable to shareowners of The Coca-Cola Company 3.52% 15.59% 16.60% 15.43% 18.32%

Based on: 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-27).

Item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co.'s operating income as a percentage of net operating revenues increased from 2015 to 2016 and from 2016 to 2017.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Coca-Cola Co.'s income from continuing operations before income taxes as a percentage of net operating revenues declined from 2015 to 2016 and from 2016 to 2017.
Net income attributable to shareowners of The Coca-Cola Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Coca-Cola Co.'s net income attributable to shareowners of The Coca-Cola Company as a percentage of net operating revenues declined from 2015 to 2016 and from 2016 to 2017.