THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME

year Ending DECEMBER 31 2,020 2,019 Absulate change

Net Operating Revenues 33,014 37,266 4,252
Cost of goods sold 13,433 14,619 1,186
Gross Profit 19,581 22,647 3,066
Selling, general and administrative expenses 9,731 12,103 2,372
Other operating charges 853 458 -395
Operating Income 8,997 10,086 1,089
Interest income 370 563 193
Interest expense 1,437 946 -491
Equity income (loss) — net 978 1,049 71
Other income (loss) — net 841 34 -807
Income Before Income Taxes 9,749 10,786 1,037
Income taxes 1,981 1,801 -180
Consolidated Net Income 7,768 8,985 1,217
Less: Net income (loss) attributable to noncontrolling interests 21 65 44
Net Income Attributable to Shareowners of The Coca-Cola Company 7,747 8,920 1,173
Basic Net Income Per Share 1.8 2.09 0
Diluted Net Income Per Share 1.79 2.07 0
Average Shares Outstanding — Basic 4,295 4,276 -19
Effect of dilutive securities 28 38 10
Average Shares Outstanding — Diluted 4,323 4,314 -9
 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME

persantage change 0
12.879384503544
8.82900320107199
15.6580358510801
24.3757065049841
-46.3071512309496
12.1040346782261
52.1621621621622
-34.1684064022269
7.25971370143149
-95.9571938168847
10.6369884090676
-9.08632004038364
15.6668383110196
209.52380952381
15.1413450367884
16.1111111111111
15.6424581005587
-0.44237485448196
35.7142857142857
-0.20818875780708
THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
December 31, 2020 2019
ASSETS
Current Assets
Cash and cash equivalents 6795 6,480
Short-term investments 1,771 1,467
Total Cash, Cash Equivalents and Short-Term Investments 8,566 7,947
Marketable securities 2,348 3,228
Trade accounts receivable, less allowances of $526 and $524, respectively 3,144 3,971
Inventories 3,266 3,379
Prepaid expenses and other assets 1,916 1,886
Total Current Assets 19,240 20,411
Other investments 812 854
Other assets 6,184 6,075
Deferred income tax assets 2,460 2,412
Other intangible assets 649 736
Total Assets 87,296 86,381
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable and accrued expenses 11,145 11,312
Accounts payable and accrued expenses 2,183 10,994
Current maturities of long-term debt 485 4,253
Accrued income taxes 788 414
Total Current Liabilities 14,601 26,973
Long-term debt 40,125 27,516
Other liabilities 9,453 8,510
Deferred income tax liabilities 1,833 2,284
The Coca-Cola Company Shareowners' Equity
Common stock, $0.25 par value; authorized — 11,200 shares; issued — 7,040 shar 1,760 1,760
Capital surplus 17,601 17,154
Reinvested earnings 66,555 65,855
Accumulated other comprehensive income (loss) -14,601 -13,544
Equity Attributable to Shareowners of The Coca-Cola Company 19,299 18,981
Total Equity 21,284 21,098
Total Liabilities and Equity 87,296 86,381
BALANCE SHEETS
Absulate change persantage change

-315 -4.63576158940397
-304 -17.1654432523998
-619 -7.22624328741536
880 37.4787052810903
827 26.3040712468193
113 3.45988977342315
-30 -1.56576200417537
1,171 6.08627858627859
42 5.17241379310345
-109 -1.76261319534282
-48 -1.95121951219512
87 13.4052388289676
-915 -1.04815799120235
0
0
167 1.49842978914311
8,811 403.618873110399
3,768 776.907216494845
-374 -47.4619289340102
12,372 84.7339223340867
-12,609 -31.4242990654206
-943 -9.97566909975669
451 24.6044735406438
0
0 0
-447 -2.53962843020283
-700 -1.05176170084892
1,057 -7.23923018971303
-318 -1.64775376962537
-186 -0.87389588423229
-915 -1.04815799120235
THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS