Coca-Cola Industries
CONSOLIDATED STATEMENTS OF INCOME
| | | | | | | | | | |
Year Ended December 31, | | | 2010 | | | 2009 | | | 2008 | |
(In millions except per share data) | |
NET OPERATING REVENUES | | | $ 35,119 | | | $ 30,990 | | | $ 31,944 | |
Cost of goods sold | | | 12,693 | | | 11,088 | | | 11,374 | |
| |
GROSS PROFIT | | | 22,426 | | | 19,902 | | | 20,570 | |
Selling, general and administrative expenses | | | 13,158 | | | 11,358 | | | 11,774 | |
Other operating charges | | | 819 | | | 313 | | | 350 | |
| |
OPERATING INCOME | | | 8,449 | | | 8,231 | | | 8,446 | |
Interest income | | | 317 | | | 249 | | | 333 | |
Interest expense | | | 733 | | | 355 | | | 438 | |
Equity income (loss) — net | | | 1,025 | | | 781 | | | (874 | ) |
Other income (loss) — net | | | 5,185 | | | 40 | | | 39 | |
| |
INCOME BEFORE INCOME TAXES | | | 14,243 | | | 8,946 | | | 7,506 | |
Income taxes | | | 2,384 | | | 2,040 | | | 1,632 | | | |
CONSOLIDATED NET INCOME | | | 11,859 | | | 6,906 | | | 5,874 | |
Less: Net income attributable to noncontrolling interests | | | 50 | | | 82 | | | 67 | |
| |
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY | | | $ 11,809 | | | $ 6,824 | | | $ 5,807 | |
| |
BASIC NET INCOME PER SHARE1 | | | $ 5.12 | | | $ 2.95 | | | $ 2.51 | |
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DILUTED NET INCOME PER SHARE1 | | | $ 5.06 | | | $ 2.93 | | | $ 2.49 | |
| |
AVERAGE SHARES OUTSTANDING | | | 2,308 | | | 2,314 | | | 2,315 | |
Effect of dilutive securities | | | 25 | | | 15 | | | 21 | |
| |
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION | | |2,333 | | | 2,329 | | | 2,336 | |
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1 Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of The Coca-Cola Company. | |
Refer to Notes to Consolidated Financial Statements.
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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
| | | | | | | | | |
December 31, | | | 2010 | | | 2009 | |
(In millions except par value) | |
ASSETS | | | | | | | |
CURRENT ASSETS | | | | | | | |
Cash and cash equivalents | | | $ 8,517 | | | $ 7,021 | |
Short-term investments | | | 2,682 | | | 2,130 | |
| |
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | | |11,199 | | | 9,151 | |
| |
Marketable securities | | | 138 | | | 62 | |
Trade accounts receivable, less allowances of $48 and $55, respectively | | | 4,430 | | | 3,758 | |
Inventories | | | 2,650 | | | 2,354 | |
Prepaid expenses and other assets | | | 3,162 | | | 2,226 | |
| |
TOTAL CURRENT ASSETS| | | 21,579 | | | 17,551 | |
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EQUITY METHOD INVESTMENTS | | | 6,954 | | | 6,217 | |
OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES | | | 631 | | | 538 | |
OTHER ASSETS | | | 2,121 | | | 1,976 | |
PROPERTY, PLANT AND EQUIPMENT — net | | | 14,727 | | | 9,561 | |
TRADEMARKS WITH INDEFINITE LIVES | | |6,356 | | | 6,183 | |
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES | | | 7,511 | | | 1,953 | |
GOODWILL | | | 11,665 | | | 4,224 | |
OTHER INTANGIBLE ASSETS | | | 1,377 | | | 468 | |
| |
TOTAL ASSETS | | | $ 72,921 | | | $ 48,671 | |
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LIABILITIES AND EQUITY | | | | | | | |...
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