Income Statement
Quarterly Data
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.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
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Coca-Cola Co., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27).
- Net Operating Revenues
- The net operating revenues show fluctuations across the quarters, with a general uptrend from 2020 into 2024. Notable increases were observed in early 2021 and mid-2023, followed by some declines toward the end of 2024, suggesting variability likely influenced by market conditions or seasonal factors.
- Cost of Goods Sold (COGS)
- COGS generally increased over the period, with sporadic declines. There is a marked rise in mid-2022, which aligns with increases in revenues, implying higher production or raw material costs. The fluctuations could reflect supply chain challenges or changes in commodity prices impacting overall cost structure.
- Gross Profit
- Gross profit trends generally follow revenue patterns, showing growth up to early 2023 before some moderation later in 2023 and 2024. Despite some variability, gross profit margins appear relatively stable, indicating effective cost management relative to revenue changes.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses increased steadily over the quarters, particularly rising sharply from late 2022 through 2024. This increase may suggest higher marketing, administrative, or operational expenditures, which could impact profitability if not matched by revenue growth.
- Other Operating Charges
- Other operating charges exhibited considerable volatility, including several quarters with significant negative values, especially in 2022 and 2023. These fluctuations indicate variable non-recurring or exceptional expenses affecting operating income during certain periods.
- Operating Income
- Operating income fluctuated considerably, reflecting the combined effects of revenue, cost, and operating expense changes. Noteworthy peaks in operating income occurred in early 2022 and early 2023, whereas some quarters, such as late 2021 and parts of 2023, exhibited declines, suggesting cyclical operating performance.
- Interest Income and Expense
- Interest income showed a gradual increase over time, indicating improved yields or higher cash balances. Conversely, interest expense was variable without a clear trend, though some peaks suggest periods of increased debt or financing costs. The net effect on financial income appears somewhat neutral across the timeline.
- Equity Income, Net
- Equity income generally trended upward with occasional dips, reflecting variations in earnings from associated or joint ventures. The increase over the analyzed period supports a growing contribution from equity investments to overall profitability.
- Other Income (Loss), Net
- This metric is highly volatile, featuring large positive spikes in some quarters and substantial losses in others. Such variability may be driven by non-operational transactions, gains or losses on assets, or other one-time items, adding unpredictability to net income.
- Income Before Income Taxes
- The income before taxes broadly followed operating income trends but with amplified variability due to non-operating items. There were significant highs in early 2023 and late 2024, and periodic declines that suggest irregular influences beyond core operations.
- Income Taxes
- Income tax expenses fluctuated in alignment with pre-tax profits, with some quarters showing relatively lower tax impacts. The variability might result from tax planning strategies or changes in applicable tax rates, affecting net income.
- Consolidated Net Income
- Consolidated net income showed substantial variability but exhibited recovery and growth phases, especially in early 2023 and throughout 2024. Lower values in certain quarters indicate earnings pressures likely related to operating and non-operating expense spikes, tax changes, and other income fluctuations.
- Net Income Attributable to Shareowners
- This figure closely mirrors consolidated net income, with similar fluctuation patterns reflecting the aggregate effect of operational dynamics, cost management, investment income, and tax impacts on shareholder returns.