Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 26, 2025 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
Accounts payable and accrued expenses
Loans and notes payable
Current maturities of long-term debt
Accrued income taxes
Current liabilities
Long-term debt, excluding current maturities
Other noncurrent liabilities
Deferred income tax liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.25 par value
Capital surplus
Reinvested earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Equity attributable to shareowners of The Coca-Cola Company
Equity attributable to noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 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).


Current Liabilities
Current liabilities experienced notable volatility over the periods. Starting at $32,397 million, there was a marked decline to $14,601 million by the end of 2020, followed by fluctuations mostly in the range of $15,000 million to $24,000 million in subsequent quarters. The peak was observed in early 2023 at $24,409 million, after which there was a moderate decline towards the end of the data, ending at around $22,499 million.
Accounts Payable and Accrued Expenses
The amounts for accounts payable and accrued expenses showed a general upward trend with fluctuations. Initial values around $12,640 million decreased slightly mid-2020 but rose sharply thereafter, reaching a high of $23,820 million in late 2024. Some retracements occurred in 2025, ending near $17,692 million.
Loans and Notes Payable
Loans and notes payable showed a strong reduction from $13,657 million in Q1 2020 to below $2,000 million by early 2021, indicating significant debt repayment or refinancing. Following this trough, the figures fluctuated between approximately $2,200 million and $6,000 million, with no clear directional trend to the end of the period, ending near $2,319 million.
Current Maturities of Long-Term Debt
Current maturities of long-term debt were initially high at $5,642 million in early 2020 but declined sharply by Q4 2020 to $485 million. Afterward, the values fluctuated, generally moving within $400 million to $2,000 million, with peaks in late 2023 and late 2025, suggesting varying scheduled debt repayments across periods.
Accrued Income Taxes
Accrued income taxes generally increased over time, starting from $458 million and peaking at approximately $1,728 million in mid-2025. There was some volatility, including a significant drop towards mid-2025, but overall the trend suggests increasing tax liabilities correlating with company profitability.
Long-Term Debt (Excluding Current Maturities)
Long-term debt excluding current portions rose significantly from about $31,094 million in early 2020 to a peak near $45,330 million by mid-2025. The trend was mostly upward, with some dips around 2021 and early 2023, reflecting ongoing long-term financing activities and possible debt restructuring.
Other Noncurrent Liabilities
Other noncurrent liabilities decreased gradually from $8,832 million to the $4,000–5,000 million range by the end of the period, signaling a reduction in additional non-debt long-term obligations.
Deferred Income Tax Liabilities
Deferred income tax liabilities fluctuated modestly between approximately $1,800 million and $3,100 million without a clear trend, indicating stable but varying deferred tax positions.
Total Liabilities
Total liabilities showed a peak near $76,868 million in late 2020, then declined to roughly $66,000 million in the following year, before increasing again to reach about $78,112 million in late 2024. The liabilities slightly tapered off afterward, ending around $72,778 million.
Equity
Equity attributable to shareowners experienced steady growth from $18,158 million in early 2020 to over $31,247 million by Q3 2025. Total equity, including noncontrolling interests, rose from $19,834 million to $33,267 million over the same period, reflecting consistent profitability and retained earnings.
Key Equity Components
Capital surplus increased gradually from $17,312 million to $20,489 million, while reinvested earnings steadily rose from $66,870 million to $80,305 million, underscoring internal capital generation. Accumulated other comprehensive loss fluctuated but generally deepened, indicating fluctuating unrealized losses or adjustments. Treasury stock cost expanded modestly, reflecting ongoing share repurchase activity.
Total Liabilities and Equity
The combined total of liabilities and equity shows a steady overall increase from approximately $94,013 million in early 2020 to $106,045 million by late 2025, signifying growth in the company's balance sheet and asset base.