Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 5,307 4,602 3,517 3,804 2,498
Accrued marketing expenses 2,778 2,830 1,930 2,059 1,787
Accrued compensation 1,087 1,051 609 1,021 894
Variable consideration payable 934 1,118 1,137 979
Other accrued expenses 5,643 5,018 3,952 3,449 3,753
Accounts payable and accrued expenses 15,749 14,619 11,145 11,312 8,932
Loans and notes payable 2,373 3,307 2,183 10,994 13,194
Current maturities of long-term debt 399 1,338 485 4,253 4,997
Accrued income taxes 1,203 686 788 414 378
Liabilities held for sale, discontinued operations 1,722
Current liabilities 19,724 19,950 14,601 26,973 29,223
Long-term debt, excluding current maturities 36,377 38,116 40,125 27,516 25,364
Other noncurrent liabilities 7,922 8,607 9,453 8,510 7,638
Deferred income tax liabilities 2,914 2,821 1,833 2,284 1,933
Noncurrent liabilities 47,213 49,544 51,411 38,310 34,935
Total liabilities 66,937 69,494 66,012 65,283 64,158
Common stock, $0.25 par value 1,760 1,760 1,760 1,760 1,760
Capital surplus 18,822 18,116 17,601 17,154 16,520
Reinvested earnings 71,019 69,094 66,555 65,855 63,234
Accumulated other comprehensive loss (14,895) (14,330) (14,601) (13,544) (12,814)
Treasury stock, at cost (52,601) (51,641) (52,016) (52,244) (51,719)
Equity attributable to shareowners of The Coca-Cola Company 24,105 22,999 19,299 18,981 16,981
Equity attributable to noncontrolling interests 1,721 1,861 1,985 2,117 2,077
Total equity 25,826 24,860 21,284 21,098 19,058
Total liabilities and equity 92,763 94,354 87,296 86,381 83,216

Based on: 10-K (reporting date: 2022-12-31), 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Coca-Cola Co. current liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Coca-Cola Co. noncurrent liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Coca-Cola Co. total liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Equity attributable to shareowners of The Coca-Cola Company Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Coca-Cola Co. equity attributable to shareowners of The Coca-Cola Company increased from 2020 to 2021 and from 2021 to 2022.