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

	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	Dec 31, 2020	Sep 25, 2020	Jun 26, 2020	Mar 27, 2020
Cash and cash equivalents	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)	6,795)	11,385)	10,037)	13,561)
Short-term investments	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)	1,771)	7,347)	7,551)	1,713)
Cash, cash equivalents and short-term investments	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)	8,566)	18,732)	17,588)	15,274)
Marketable securities	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)	2,348)	2,396)	2,228)	2,392)
Trade accounts receivable, less allowances	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)	3,144)	3,827)	3,849)	4,430)
Inventories	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)	3,266)	3,264)	3,501)	3,558)
Prepaid expenses and other current assets	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)	1,916)	2,191)	2,205)	2,580)
Current assets	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)	19,240)	30,410)	29,371)	28,234)
Equity method investments	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)	19,273)	18,875)	18,189)	18,020)
Other investments	—)	—)	—)	44)	167)	147)	118)	104)	158)	337)	501)	582)	655)	788)	818)	897)	945)	806)	812)	712)	746)	652)
Deferred income tax assets	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)	2,460)	2,439)	2,366)	2,275)
Property, plant and equipment, less accumulated depreciation	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)	10,777)	10,667)	10,695)	10,993)
Trademarks with indefinite lives	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)	10,395)	10,333)	10,172)	10,457)
Goodwill	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)	17,506)	16,887)	16,617)	16,673)
Other intangible assets	—)	—)	—)	461)	471)	492)	516)	528)	572)	614)	635)	649)	707)	754)	785)	496)	538)	588)	649)	700)	658)	708)
Intangible assets	32,278)	31,758)	31,440)	32,745)	32,305)	32,234)	33,223)	32,885)	33,486)	33,575)	33,631)	32,946)	33,888)	34,740)	34,613)	28,400)	28,906)	28,790)	28,550)	27,920)	27,447)	27,838)
Other noncurrent assets	13,958)	13,669)	13,403)	12,904)	7,274)	7,291)	7,162)	7,031)	6,592)	6,324)	6,189)	6,130)	6,470)	6,392)	6,731)	6,490)	6,553)	6,494)	6,184)	6,161)	5,875)	6,001)
Noncurrent assets	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)	68,056)	66,774)	65,318)	65,779)
Total assets	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)	87,296)	97,184)	94,689)	94,013)

The financial data over the reported quarters reveals several noteworthy trends in liquidity, asset composition, and overall asset growth.

Liquidity Position: Cash and cash equivalents display considerable volatility, with a notable trough in December 2020 followed by a fluctuating recovery reaching peaks in mid-2024. Short-term investments exhibit an initial increase into mid-2020, a decline into early 2022, and then a subsequent recovery with some variability. The combined measure of cash, cash equivalents, and short-term investments generally trends upward from early 2022 onward, reaching its highest levels in mid-2024. This pattern suggests a strengthening liquidity position in recent periods after some periods of contraction.
Marketable Securities and Trade Receivables: Marketable securities hold steady with minor fluctuations, mostly ranging between approximately US$1 billion to US$2.5 billion, without a clear long-term upward or downward trend. Trade accounts receivable show a cyclical pattern with peaks in the first quarters of several years (e.g., early 2022, early 2023, early 2024) followed by troughs later in the year, reflecting seasonality in receivables collection.
Inventory and Other Current Assets: Inventories have been gradually increasing throughout the periods, with a more noticeable rise starting mid-2022, peaking in 2025 at over US$5 billion. This trend could indicate growing stock levels or preparation for anticipated demand. Prepaid expenses and other current assets also trend higher, particularly from late 2022 onward, indicating increased upfront payments or accruals. These increases contribute modestly to total current assets, which show an upward trajectory starting from early 2022, highlighting an improved current asset base.
Equity Method and Other Investments: Equity method investments remain relatively stable with minor fluctuations, trending slightly downward after 2021 but rebounding by mid-2024. Other investments demonstrate a declining trend over the earlier periods with some missing data in the most recent quarters, indicating potential divestitures or reclassifications.
Deferred Income Tax Assets: Deferred income tax assets gradually decline over the entire reported period, suggesting either utilization of tax benefits or changes in tax planning strategies.
Property, Plant, and Equipment (PP&E): Net PP&E shows moderate fluctuations with a general downward trend until about 2023, followed by a recovery and gradual increase into 2025. This may reflect asset disposals or depreciation exceeding investments initially, then a phase of capital expenditure or asset acquisitions restoring asset levels.
Intangible Assets and Goodwill: Trademarks with indefinite lives remain relatively stable, with some fluctuations but no clear directional change. Goodwill shows a slight increase through 2021, a decrease across 2022 and 2023, and stable to slightly increasing levels thereafter. Other intangible assets have a declining trend, with some missing data in the latest quarters, potentially indicating amortization or impairment. Overall intangible assets mirror the patterns in goodwill and trademarks, suggesting stable long-term intangible asset holdings with minor downward pressure.
Other Noncurrent Assets: Other noncurrent assets grow significantly from early 2024 onward, more than doubling compared to prior periods. This substantial increase may signal acquisitions, asset reclassifications, or expansion in long-term investments.
Aggregate Asset Position: The total assets largely increase from around US$87 billion at the end of 2020 to over US$104 billion in mid-2025, representing a steady growth trend. This growth is driven predominantly by increases in current assets and other noncurrent assets, partially offset by declines or flattening in some fixed and intangible asset categories. This overall expansion reflects strengthening of the asset base and potential business growth or strategic investments.

In summary, the data indicates a recovering and strengthening liquidity position, growth in inventories and prepaid assets, stable equity and intangible investments, and notable expansion in other noncurrent assets contributing to a rising total asset base over the period. The firm appears to be managing its asset composition dynamically, balancing short-term liquidity needs with long-term investment and asset growth strategies.

Assets: Selected Items

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Current Assets: Selected Items

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Coca-Cola Co. (NYSE:KO)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data