Stock Analysis on Net

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.

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

US$ in millions

Microsoft Excel
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 16,499 21,715 23,820 21,909 19,425 15,485 16,837 16,483 15,593 15,749 16,103 14,213 13,272 14,619 12,830 12,124 10,929 11,145 12,750 11,668 12,640
Loans and notes payable 5,418 1,499 2,203 3,793 6,054 4,557 3,915 4,828 5,455 2,373 3,396 4,358 3,610 3,307 1,866 1,867 1,933 2,183 5,857 9,423 13,657
Current maturities of long-term debt 163 648 1,067 1,939 1,392 1,960 2,080 1,171 811 399 729 788 1,039 1,338 448 337 2,880 485 7,508 5,181 5,642
Accrued income taxes 1,728 1,387 1,479 1,622 1,485 1,569 1,577 1,633 1,498 1,203 1,211 1,172 866 686 846 971 744 788 776 576 458
Current liabilities 23,808 25,249 28,569 29,263 28,356 23,571 24,409 24,115 23,357 19,724 21,439 20,531 18,787 19,950 15,990 15,299 16,486 14,601 26,891 26,848 32,397
Long-term debt, excluding current maturities 43,530 42,375 42,994 38,085 35,104 35,547 34,176 35,626 36,134 36,377 35,462 36,755 37,052 38,116 39,394 39,804 40,170 40,125 39,502 37,729 31,094
Other noncurrent liabilities 4,313 4,084 4,257 4,077 5,465 8,466 8,427 8,449 7,874 7,922 8,010 8,046 8,252 8,607 8,401 8,350 8,558 9,453 8,530 8,954 8,832
Deferred income tax liabilities 2,311 2,469 2,292 2,366 2,521 2,639 2,733 2,714 3,171 2,914 3,124 3,034 3,132 2,821 2,688 2,486 2,447 1,833 1,945 1,969 1,856
Noncurrent liabilities 50,154 48,928 49,543 44,528 43,090 46,652 45,336 46,789 47,179 47,213 46,596 47,835 48,436 49,544 50,483 50,640 51,175 51,411 49,977 48,652 41,782
Total liabilities 73,962 74,177 78,112 73,791 71,446 70,223 69,745 70,904 70,536 66,937 68,035 68,366 67,223 69,494 66,473 65,939 67,661 66,012 76,868 75,500 74,179
Common stock, $0.25 par value 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760 1,760
Capital surplus 19,873 19,801 19,710 19,468 19,321 19,209 19,081 18,993 18,889 18,822 18,687 18,581 18,388 18,116 17,929 17,781 17,630 17,601 17,463 17,367 17,312
Reinvested earnings 77,189 76,054 75,946 75,189 74,868 73,782 73,793 72,695 72,137 71,019 70,893 69,970 69,969 69,094 68,494 67,838 67,009 66,555 66,863 66,888 66,870
Accumulated other comprehensive loss (16,482) (16,843) (15,536) (15,458) (14,504) (14,275) (14,815) (14,017) (14,322) (14,895) (15,869) (14,801) (13,340) (14,330) (14,250) (13,299) (14,133) (14,601) (15,446) (16,460) (15,696)
Treasury stock, at cost (56,138) (55,916) (55,362) (55,106) (55,016) (54,535) (53,494) (53,418) (53,247) (52,601) (52,666) (52,505) (51,932) (51,641) (51,754) (51,831) (51,911) (52,016) (52,033) (52,071) (52,088)
Equity attributable to shareowners of The Coca-Cola Company 26,202 24,856 26,518 25,853 26,429 25,941 26,325 26,013 25,217 24,105 22,805 23,005 24,845 22,999 22,179 22,249 20,355 19,299 18,607 17,484 18,158
Equity attributable to noncontrolling interests 1,552 1,516 1,636 1,558 1,517 1,539 1,508 1,539 1,651 1,721 1,631 1,798 1,996 1,861 1,954 2,006 1,977 1,985 1,709 1,705 1,676
Total equity 27,754 26,372 28,154 27,411 27,946 27,480 27,833 27,552 26,868 25,826 24,436 24,803 26,841 24,860 24,133 24,255 22,332 21,284 20,316 19,189 19,834
Total liabilities and equity 101,716 100,549 106,266 101,202 99,392 97,703 97,578 98,456 97,404 92,763 92,471 93,169 94,064 94,354 90,606 90,194 89,993 87,296 97,184 94,689 94,013

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).


Accounts Payable and Accrued Expenses
The figures show variability over the periods with a general upward trend from early 2020 to late 2024, peaking near the last quarter of 2024 before slightly declining. This fluctuation indicates changing operational expenses or payment cycles.
Loans and Notes Payable
There is a general decline from March 2020 through the end of 2021, followed by intermittent increases and decreases. The item notably decreased again toward the end of 2024, which may suggest efforts to reduce short-term borrowings.
Current Maturities of Long-Term Debt
Values fluctuate significantly, with peaks in some quarters such as April 2021 and September 2023. This irregular pattern could indicate refinancing or restructuring of debt schedules.
Accrued Income Taxes
A gradual upward trend is observed from March 2020 through mid-2023, showing increasing tax obligations, with some fluctuations in the most recent quarters but remaining at a relatively higher level compared to the start of the period.
Current Liabilities
A notable decrease is observed in December 2020; however, from 2021 onwards, there is a steady increase reaching the highest values in early 2024 before a slight decline into 2025, indicating growing short-term obligations overall.
Long-Term Debt, Excluding Current Maturities
This liability generally increased sharply from March 2020 through the end of 2020 and remained relatively stable with minor fluctuations afterward. An increase is notable towards the end of 2024, possibly reflecting new long-term borrowing or deferred repayments.
Other Noncurrent Liabilities
The values decrease notably from early 2024 compared to prior periods, exhibiting a reduction of this liability category, which may imply payments or settlements of certain obligations.
Deferred Income Tax Liabilities
These liabilities increased from 2020 up to early 2022, followed by a general downward trend in later years. This suggests changes in tax timing differences or adjustments in tax positions.
Noncurrent Liabilities
The aggregate shows a rising trajectory throughout 2020, peaking around 2020-2021, then a gradual decline with a dip in mid-2023, but it rose again in late 2024, implying periodic debt management or reclassification of liabilities.
Total Liabilities
The total liabilities trend mirrors the noncurrent and current liabilities trends, showing an increase in early years with some dips, and peaking in 2024 before adjusting down, reflecting overall liability management dynamics.
Common Stock
The value remains constant at $1760 million throughout the entire period, indicating no new issuance or retirement of common stock.
Capital Surplus
A consistent and steady increase is noted in capital surplus, reflecting ongoing contributions or retained earnings in excess of par value across the periods.
Reinvested Earnings
There is a gradual upward trend in reinvested earnings, indicating profitability and retention of earnings for reinvestment over time, albeit with minor fluctuations in recent quarters.
Accumulated Other Comprehensive Loss
This figure fluctuates with no clear trend, showing alternating increases and decreases. The loss magnitude remains significant, suggesting volatility in comprehensive income components such as foreign currency translation or unrealized gains/losses.
Treasury Stock
An increasing negative balance reflects ongoing repurchases of shares over the entire period, leading to a larger treasury stock holding at cost.
Equity Attributable to Shareowners
Equity shows a general increase from early 2020 to late 2023, peaking around September 2023, with slight decreases in some subsequent quarters. This indicates strengthening shareholder equity, despite fluctuations.
Equity Attributable to Noncontrolling Interests
This component remains relatively stable with minor fluctuations, indicating consistent minority interests in subsidiaries without material shifts.
Total Equity
Total equity increases steadily from March 2020 to late 2023, reaching a high before slight decreases into early 2025. This reflects growth in net assets and retained earnings, offset slightly by comprehensive losses and treasury stock activity.
Total Liabilities and Equity
The combined total shows growth from 2020 through 2024, indicating expansion in the balance sheet size, followed by some consolidation in early 2025, signifying overall growth in the company's financial base.