Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	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	10,270)	12,732)	9,590)	8,417)	10,828)	13,938)	13,708)	10,443)	9,366)	11,883)	12,564)	12,004)	9,519)	10,127)	8,976)	7,681)	9,684)	11,301)	9,188)	8,484)
Short-term investments	3,602)	1,142)	2,658)	3,579)	2,020)	2,439)	3,691)	4,760)	2,997)	2,332)	1,867)	1,166)	1,043)	1,120)	776)	736)	1,242)	1,844)	2,079)	1,871)
Cash, cash equivalents and short-term investments	13,872)	13,874)	12,248)	11,996)	12,848)	16,377)	17,399)	15,203)	12,363)	14,215)	14,431)	13,170)	10,562)	11,247)	9,752)	8,417)	10,926)	13,145)	11,267)	10,355)
Marketable securities	1,934)	1,907)	2,049)	1,791)	1,723)	1,787)	1,594)	1,716)	1,300)	1,220)	1,263)	1,125)	1,069)	1,973)	1,867)	1,939)	1,699)	1,724)	1,775)	2,234)
Trade accounts receivable, less allowances	3,038)	3,946)	4,168)	4,091)	3,569)	4,233)	4,545)	4,244)	3,410)	3,495)	3,970)	4,599)	3,487)	3,994)	4,494)	4,641)	3,512)	3,889)	4,036)	3,762)
Inventories	4,425)	4,802)	5,082)	5,102)	4,728)	4,714)	4,763)	4,961)	4,424)	4,252)	4,646)	4,727)	4,233)	3,708)	3,621)	3,741)	3,414)	3,182)	3,281)	3,356)
Prepaid expenses and other current assets	2,433)	2,718)	3,062)	3,198)	3,129)	3,177)	3,298)	3,338)	5,235)	4,685)	3,281)	3,259)	3,240)	3,217)	3,407)	3,418)	2,994)	2,300)	2,122)	2,225)
Assets held for sale	5,342)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	31,044)	27,247)	26,609)	26,178)	25,997)	30,288)	31,599)	29,462)	26,732)	27,867)	27,591)	26,880)	22,591)	24,139)	23,141)	22,156)	22,545)	24,240)	22,481)	21,932)
Equity method investments	20,235)	20,323)	19,379)	18,369)	18,087)	18,993)	18,940)	19,495)	19,671)	19,256)	19,262)	18,744)	18,264)	17,723)	17,720)	18,198)	17,598)	18,284)	18,471)	18,966)
Deferred income tax assets	1,206)	1,267)	1,325)	1,311)	1,319)	1,428)	1,409)	1,457)	1,561)	1,575)	1,661)	1,696)	1,746)	1,708)	1,833)	2,006)	2,129)	2,237)	2,291)	2,332)
Property, plant and equipment, less accumulated depreciation	9,613)	10,902)	10,784)	10,431)	10,303)	9,864)	9,508)	9,306)	9,236)	8,860)	9,706)	9,848)	9,841)	9,243)	9,462)	9,784)	9,920)	10,058)	10,547)	10,673)
Trademarks with indefinite lives	12,531)	13,515)	13,615)	13,425)	13,301)	13,598)	13,510)	13,532)	14,349)	14,213)	14,369)	14,283)	14,214)	13,968)	14,271)	14,388)	14,465)	10,449)	10,675)	10,584)
Goodwill	15,491)	18,662)	18,663)	18,333)	18,139)	18,686)	18,324)	18,210)	18,358)	18,144)	18,545)	18,678)	18,782)	18,329)	18,910)	19,598)	19,363)	17,455)	17,693)	17,618)
Other noncurrent assets	14,696)	14,129)	13,958)	13,669)	13,403)	13,409)	7,912)	7,930)	7,796)	7,663)	7,322)	7,275)	7,325)	7,361)	7,832)	7,934)	8,334)	7,883)	8,036)	7,888)
Noncurrent assets	73,772)	78,798)	77,724)	75,538)	74,552)	75,978)	69,603)	69,930)	70,971)	69,711)	70,865)	70,524)	70,172)	68,332)	70,028)	71,908)	71,809)	66,366)	67,713)	68,061)
Total assets	104,816)	106,045)	104,333)	101,716)	100,549)	106,266)	101,202)	99,392)	97,703)	97,578)	98,456)	97,404)	92,763)	92,471)	93,169)	94,064)	94,354)	90,606)	90,194)	89,993)

The company’s total assets exhibited a generally stable pattern over the observed period, ranging from approximately 90.2 billion to 106.3 billion US dollars. While fluctuations occurred, a clear upward trend in total assets is discernible, particularly from late 2023 into the first half of 2025. A significant increase in assets is noted in the September 2024 quarter, followed by a decrease in the December 2024 quarter, before resuming an upward trajectory.

Liquidity – Cash, Cash Equivalents, and Short-Term Investments: The combined value of cash, cash equivalents, and short-term investments demonstrated considerable volatility. Initially, a rise is observed from April 2021 to October 2021, peaking at 13.1 billion US dollars. Subsequently, a decline occurred through December 2022, followed by another increase reaching 17.4 billion US dollars in June 2024. A decrease is then observed through December 2025, settling at 13.9 billion US dollars. This suggests active management of liquid assets, potentially tied to operational needs or investment strategies.
Current Assets: Current assets generally increased over the period, moving from approximately 21.9 billion US dollars in April 2021 to 31.0 billion US dollars in December 2025. The most substantial increase occurred between March 2024 and June 2024. A notable spike in current assets is observed in December 2025, largely attributable to the inclusion of "Assets held for sale" at 5.3 billion US dollars, which were not present in prior periods. Excluding this one-time item, the trend remains positive but less dramatic.
Receivables and Inventory: Trade accounts receivable exhibited fluctuations, generally remaining within a range of 3.5 billion to 4.7 billion US dollars. Inventory levels showed a gradual increase from 3.4 billion US dollars in April 2021 to 4.4 billion US dollars in December 2023, before decreasing to 4.4 billion US dollars in December 2025. These movements likely reflect changes in sales volume and supply chain dynamics.
Long-Term Assets: Noncurrent assets, comprising the majority of total assets, displayed a relatively stable pattern. Goodwill and trademarks with indefinite lives represent significant portions of these assets, remaining consistently high throughout the period. Equity method investments also contributed substantially, fluctuating between 17.7 billion and 20.3 billion US dollars. Property, plant, and equipment remained relatively stable, with a slight increase observed towards the end of the period. Other noncurrent assets experienced a notable increase in September 2024, continuing into December 2025.

Overall, the asset composition suggests a company with substantial long-term investments and brand value. The fluctuations in short-term liquid assets and current assets indicate active financial management. The inclusion of "Assets held for sale" in the final period warrants further investigation to understand the strategic implications of this change.

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data