Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Coca-Cola Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net operating revenues 38,655 33,014 37,266 31,856 35,410
Cost of goods sold (15,357) (13,433) (14,619) (11,770) (13,256)
Gross profit 23,298 19,581 22,647 20,086 22,154
Selling, general and administrative expenses (12,144) (9,731) (12,103) (10,307) (12,496)
Other operating charges (846) (853) (458) (1,079) (2,157)
Operating income 10,308 8,997 10,086 8,700 7,501
Interest income 276 370 563 682 677
Interest expense (1,597) (1,437) (946) (919) (841)
Equity income, net 1,438 978 1,049 1,008 1,071
Other income (loss), net 2,000 841 34 (1,121) (1,666)
Income from continuing operations before income taxes 12,425 9,749 10,786 8,350 6,742
Income taxes from continuing operations (2,621) (1,981) (1,801) (1,623) (5,560)
Net income from continuing operations 9,804 7,768 8,985 6,727 1,182
Income (loss) from discontinued operations, net of income taxes (251) 101
Consolidated net income 9,804 7,768 8,985 6,476 1,283
Net income attributable to noncontrolling interests (33) (21) (65) (42) (35)
Net income attributable to shareowners of The Coca-Cola Company 9,771 7,747 8,920 6,434 1,248

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Net operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Coca-Cola Co. net operating revenues decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Coca-Cola Co. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. income from continuing operations before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 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. net income attributable to shareowners of The Coca-Cola Company decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.