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.
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- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Coca-Cola Co., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data over the five-year span reveals several noteworthy trends concerning liquidity, asset composition, and overall asset growth.
- Liquidity Position
- Cash and cash equivalents increased steadily from 6,795 million USD in 2020 to 10,828 million USD in 2024, reflecting an improvement in immediate liquidity. Short-term investments fluctuated, declining from 1,771 million USD in 2020 to 1,043 million USD in 2022, then increasing sharply to 2,997 million USD in 2023 before moderating to 2,020 million USD in 2024. Consequently, combined cash, cash equivalents, and short-term investments rose overall from 8,566 million USD in 2020 to 12,848 million USD in 2024, indicating enhanced short-term financial flexibility.
- Marketable Securities
- There is a visible decline in marketable securities from 2,348 million USD in 2020 to a low of 1,069 million USD in 2022, followed by a recovery to 1,723 million USD by 2024. This suggests some portfolio adjustments or reallocation within financial investments during the period.
- Trade Accounts Receivable
- Trade accounts receivable remained relatively stable, with minor fluctuations around the 3,100 to 3,500 million USD range, culminating in an increase to 3,569 million USD in 2024. This stability denotes consistent credit sales and receivables management.
- Inventories
- Inventories have shown a marked and continuous increase from 3,266 million USD in 2020 to 4,728 million USD in 2024. This upward trend may imply growing production or stockpiling, possibly in response to anticipated demand or supply chain considerations.
- Prepaid Expenses and Other Current Assets
- These assets rose sharply from 1,916 million USD in 2020 to a peak of 5,235 million USD in 2023 before declining to 3,129 million USD in 2024. This pattern suggests timing differences or shifts in expense prepayments or other short-term asset management strategies.
- Current Assets
- Total current assets increased overall from 19,240 million USD in 2020 to a peak of 26,732 million USD in 2023, then slightly decreased to 25,997 million USD in 2024, indicating a general build-up of short-term resources.
- Equity Method Investments
- There was a decline from 19,273 million USD in 2020 to 17,598 million USD in 2021, followed by modest fluctuations around this level, ending at 18,087 million USD in 2024. This suggests relative stability in equity investments with minor reassessments or changes in affiliates' valuations.
- Deferred Income Tax Assets
- These assets decreased consistently from 2,460 million USD in 2020 to 1,319 million USD in 2024, possibly reflecting changes in tax positions or reduced temporary differences.
- Property, Plant and Equipment, Net
- This category showed a declining trend from 10,777 million USD in 2020 down to 9,236 million USD in 2023, followed by a recovery to 10,303 million USD in 2024, indicating possible asset retirements or lower capital expenditures earlier, with renewed investment or revaluation later.
- Trademarks with Indefinite Lives
- Trademarks increased significantly from 10,395 million USD in 2020 to 14,465 million USD in 2021, then stabilized around 14,000 million USD before reducing to 13,301 million USD in 2024. This might reflect goodwill or brand valuation adjustments.
- Goodwill
- Goodwill values rose from 17,506 million USD in 2020 to 19,363 million USD in 2021 and subsequently declined gradually to 18,139 million USD by 2024, indicating potential impairment or revaluation activities.
- Other Noncurrent Assets
- Other noncurrent assets increased generally, from 7,645 million USD in 2020 with a dip to 7,325 million USD in 2022, then spiked substantially to 13,403 million USD in 2024, hinting at asset acquisitions or reclassifications occurring towards the end of the period.
- Noncurrent Assets
- Total noncurrent assets fluctuated mildly, moving from 68,056 million USD in 2020 to 74,552 million USD in 2024, reflecting overall asset growth through capital investments and intangible asset valuations.
- Total Assets
- Total assets showed a steady growth trajectory, going from 87,296 million USD in 2020 to over 100,000 million USD by 2024, indicating overall expansion in asset base and resource availability.
Overall, the data indicates a generally improving liquidity position alongside steady asset growth. There are notable increases in inventory and certain intangible assets, while some asset categories such as deferred tax assets and goodwill show declines. Variations in noncurrent assets and other categories suggest active asset management and investment strategies throughout the observed period.