Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Common-Size Income Statement 

Coca-Cola Co., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net operating revenues 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -39.73 -40.69 -39.23 -36.95 -37.44
Gross profit 60.27% 59.31% 60.77% 63.05% 62.56%
Selling, general and administrative expenses -31.42 -29.48 -32.48 -32.35 -35.29
Other operating charges -2.19 -2.58 -1.23 -3.39 -6.09
Operating income 26.67% 27.25% 27.06% 27.31% 21.18%
Interest income 0.71 1.12 1.51 2.14 1.91
Interest expense -4.13 -4.35 -2.54 -2.88 -2.38
Equity income, net 3.72 2.96 2.81 3.16 3.02
Other income (loss), net 5.17 2.55 0.09 -3.52 -4.70
Income from continuing operations before income taxes 32.14% 29.53% 28.94% 26.21% 19.04%
Income taxes from continuing operations -6.78 -6.00 -4.83 -5.09 -15.70
Net income from continuing operations 25.36% 23.53% 24.11% 21.12% 3.34%
Income (loss) from discontinued operations, net of income taxes 0.00 0.00 0.00 -0.79 0.29
Consolidated net income 25.36% 23.53% 24.11% 20.33% 3.62%
Net income attributable to noncontrolling interests -0.09 -0.06 -0.17 -0.13 -0.10
Net income attributable to shareowners of The Coca-Cola Company 25.28% 23.47% 23.94% 20.20% 3.52%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co. operating income as a percentage of net operating revenues increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
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. income from continuing operations before income taxes as a percentage of net operating revenues increased from 2019 to 2020 and from 2020 to 2021.
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. net income attributable to shareowners of The Coca-Cola Company as a percentage of net operating revenues decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.