Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Coca-Cola Co., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 9,366 9,519 9,684 6,795 6,480
Short-term investments 2,997 1,043 1,242 1,771 1,467
Cash, cash equivalents and short-term investments 12,363 10,562 10,926 8,566 7,947
Marketable securities 1,300 1,069 1,699 2,348 3,228
Trade accounts receivable, less allowances 3,410 3,487 3,512 3,144 3,971
Inventories 4,424 4,233 3,414 3,266 3,379
Prepaid expenses and other current assets 5,235 3,240 2,994 1,916 1,886
Current assets 26,732 22,591 22,545 19,240 20,411
Equity method investments 19,671 18,264 17,598 19,273 19,025
Other investments 118 501 818 812 854
Other noncurrent assets 7,162 6,189 6,731 6,184 6,075
Deferred income tax assets 1,561 1,746 2,129 2,460 2,412
Property, plant and equipment, net 9,236 9,841 9,920 10,777 10,838
Trademarks with indefinite lives 14,349 14,214 14,465 10,395 9,266
Goodwill 18,358 18,782 19,363 17,506 16,764
Other intangible assets 516 635 785 649 736
Intangible assets 33,223 33,631 34,613 28,550 26,766
Noncurrent assets 70,971 70,172 71,809 68,056 65,970
Total assets 97,703 92,763 94,354 87,296 86,381

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Coca-Cola Co. current assets increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Coca-Cola Co. property, plant and equipment, net decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Coca-Cola Co. noncurrent assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Coca-Cola Co. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Coca-Cola Co. cash and cash equivalents decreased from 2021 to 2022 and from 2022 to 2023.
Marketable securities Amount of investment in marketable security, classified as current. Coca-Cola Co. marketable securities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Trade accounts receivable, less allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Coca-Cola Co. trade accounts receivable, less allowances decreased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Coca-Cola Co. inventories increased from 2021 to 2022 and from 2022 to 2023.