Stock Analysis on Net
Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Common-Size Income Statement
Quarterly Data

Beginner level

Coca-Cola Co., common-size consolidated income statement (quarterly data)

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3 months ended: Jun 26, 2020 Mar 27, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015
Net operating revenues 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
Cost of goods sold -42.14 -39.19 -39.33 -39.62 -39.22 -38.70 -38.55 -37.10 -36.43 -35.90 -35.80 -37.40 -37.71 -38.53 -40.32 -38.85 -38.75 -39.57 -40.54 -40.05 -39.06 -38.31
Gross profit 57.86% 60.81% 60.67% 60.38% 60.78% 61.30% 61.45% 62.90% 63.57% 64.10% 64.20% 62.60% 62.29% 61.47% 59.68% 61.15% 61.25% 60.43% 59.46% 59.95% 60.94% 61.69%
Selling, general and administrative expenses -27.73 -30.79 -35.55 -32.78 -29.97 -31.83 -35.96 -30.38 -30.50 -33.32 -37.75 -35.28 -32.39 -36.36 -38.05 -37.70 -33.90 -36.58 -39.37 -36.82 -34.58 -38.08
Other operating charges -2.42 -2.35 -1.26 -1.31 -0.92 -1.46 -2.31 -1.88 -2.52 -7.03 -8.87 -3.97 -8.48 -3.38 -7.23 -2.09 -2.57 -3.02 -4.91 -2.31 -5.50 -2.18
Operating income 27.71% 27.67% 23.86% 26.29% 29.89% 28.01% 23.18% 30.64% 30.55% 23.75% 17.59% 23.35% 21.42% 21.74% 14.40% 21.36% 24.78% 20.82% 15.18% 20.82% 20.85% 21.44%
Interest income 1.40 1.30 1.49 1.61 1.42 1.53 2.49 2.07 1.90 2.16 2.42 1.93 1.70 1.70 1.81 1.54 1.42 1.40 1.54 1.36 1.23 1.45
Interest expense -3.83 -2.24 -2.59 -2.42 -2.36 -2.82 -3.43 -2.50 -2.70 -3.02 -2.80 -2.29 -2.38 -2.11 -2.64 -1.71 -1.40 -1.37 -1.43 -1.21 -1.05 -4.17
Equity income, net 2.46 1.94 2.66 3.64 3.29 1.53 2.76 4.21 3.63 1.86 2.50 3.94 4.22 1.27 1.67 2.64 2.64 0.89 0.87 1.75 1.65 0.02
Other income (loss), net 2.99 6.32 1.27 3.41 -1.74 -2.66 -13.86 0.11 -1.09 -0.72 -7.24 -8.49 2.09 -6.08 -9.77 -10.40 9.82 -3.33 -0.78 -7.62 13.20 -0.23
Income from continuing operations before income taxes 30.73% 35.00% 26.69% 32.52% 30.50% 25.59% 11.15% 34.53% 32.30% 24.04% 12.47% 18.44% 27.05% 16.53% 5.47% 13.43% 37.26% 18.42% 15.38% 15.10% 35.88% 18.50%
Income taxes from continuing operations -6.13 -2.50 -3.91 -5.29 -4.21 -6.00 0.07 -6.40 -6.65 -6.64 -49.99 -2.53 -12.90 -3.54 0.34 -3.55 -7.27 -3.90 -3.02 -2.38 -10.28 -3.87
Net income from continuing operations 24.60% 32.50% 22.77% 27.23% 26.29% 19.59% 11.22% 28.13% 25.64% 17.40% -37.51% 15.91% 14.14% 12.99% 5.81% 9.87% 29.99% 14.52% 12.36% 12.72% 25.59% 14.62%
Income (loss) from discontinued operations, net of income taxes 0.00 0.00 0.00 0.00 0.00 0.00 1.91 -6.08 0.47 0.96 1.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Consolidated net income 24.60% 32.50% 22.77% 27.23% 26.29% 19.59% 13.13% 22.05% 26.11% 18.36% -36.17% 15.91% 14.14% 12.99% 5.81% 9.87% 29.99% 14.52% 12.36% 12.72% 25.59% 14.62%
Net (income) loss attributable to noncontrolling interests 0.28 -0.23 -0.25 0.04 -0.21 -0.29 -0.81 0.75 -0.17 -0.42 -0.47 0.03 -0.01 -0.02 0.03 -0.04 -0.10 -0.10 0.01 -0.04 -0.02 -0.08
Net income attributable to shareowners of The Coca-Cola Company 24.88% 32.26% 22.52% 27.27% 26.08% 19.30% 12.33% 22.80% 25.94% 17.94% -36.63% 15.94% 14.13% 12.96% 5.85% 9.84% 29.88% 14.42% 12.37% 12.68% 25.57% 14.54%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-02-24), 10-Q (filing date: 2019-10-24), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

Income statement 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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
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 increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.