THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

(In millions)

Net Operating Revenues:

Reported (GAAP)

Items Impacting Comparability: Other Items

Comparable (Non-GAAP)

Year Ended December 31, 2018

Year Ended December 31, 2015

$31,856

$44,294

(9) $31,847

(37) $44,257

Operating Income:

Reported (GAAP)

Items Impacting Comparability: Asset Impairments Productivity and Reinvestment Transaction Gains/Losses Other Items

Comparable (Non-GAAP)

Year Ended December 31, 2018

Year Ended December 31, 2015

$8,700

$8,787

450

440

158

58

$9,806

292

515

448

214

$10,256

Operating Margin:

Reported Operating Margin (GAAP)

Items Impacting Comparability (Non-GAAP)

Comparable Operating Margin (Non-GAAP)

Year Ended December 31, 2018

Year Ended December 31, 2015

Basis Point

Growth

27.31% (3.48%) 30.79%

19.84% (3.33%) 23.17%

747

762

1

#

THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

(In millions)

Net Operating Revenues:

Reported (GAAP)

Items Impacting Comparability: Other Items

Comparable (Non-GAAP)

Reported (GAAP)

Items Impacting Comparability: Other Items

Comparable (Non-GAAP)

  • % Change - Reported (GAAP)

  • % Currency Impact

  • % Change - Currency Neutral (Non-GAAP)

  • % Acquisitions, Divestitures and Structural Items

  • % Impact of Accounting Changes1

  • % Change - Organic Revenues (Non-GAAP)

Year Ended

Year Ended

Year Ended

December 31, 2018

December 31, 2017

December 31, 2016

$

31,856

$

35,410

$

41,863

(9)

6

(9)

$

31,847

$

35,416

$

41,854

Year Ended

Year Ended

Year Ended

$

35,410

$

41,863

$

44,294

6

(9)

(37)

$

35,416

$

41,854

$

44,257

Year Ended

Year Ended

Year Ended

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided. 1 Impact of adoption of new revenue recognition accounting standard

2

#

THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

(In millions)

Operating Income:

Reported (GAAP)

Items Impacting Comparability: Asset Impairments Productivity and Reinvestment Transaction Gains/Losses Other Items

Comparable (Non-GAAP)

Year Ended December 31, 2018

Year Ended December 31, 2017

$8,700

$7,599

450

440

158

58

$9,806

737

534

302

368

$9,540

Year Ended December 31, 2018

  • % Change - Reported (GAAP)

    14

  • % Currency Impact

    (6)

  • % Change - Currency Neutral (Non-GAAP)

    20

  • % Structural Impact

    (5)

  • % Change - Currency Neutral (Adjusted for Structural Items) (Non-GAAP)

    25

  • % Impact of Accounting Changes1

    0

  • % Change - Currency Neutral (Adjusted for Structural Items and Accounting Changes) (Non-GAAP)

    26

  • % Impact of Items Impacting Comparability (Non-GAAP)

    12

  • % Change - Comparable (Non-GAAP)

    3

  • % Comparable Currency Impact (Non-GAAP)

    (5)

  • % Change - Comparable Currency Neutral (Non-GAAP)

    7

  • % Comparable Structural Impact (Non-GAAP)

    (4)

  • % Change - Comparable Currency Neutral (Adjusted for Structural Items) (Non-GAAP)

    11

  • % Comparable Impact of Accounting Changes (Non-GAAP)1

    0

  • % Change - Comparable Currency Neutral (Adjusted for Structural Items and Accounting Changes) (Non-GAAP)

11

Note: Certain columns may not add due to rounding.

1 Impact of adoption of new revenue recognition accounting standard.

3

THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

Diluted Net Income Per Share from Continuing Operations:

Reported (GAAP)

Items Impacting Comparability: Asset Impairments Productivity and Reinvestment Equity Investees

Transaction Gains/Losses Other Items

Certain Tax Matters

Comparable (Non-GAAP)

Year Ended December 31, 2018

Year Ended December 31, 2017

$1.57

$0.27

0.22

0.09

0.03

0.12

0.08

(0.02)

$2.08

0.15

0.10

0.02

0.49

0.06

0.83

$1.91

Year Ended

December 31, 2018

% Change - Reported (GAAP)

474

% Currency Impact

(33)

% Change - Currency Neutral (Non-GAAP)

506

% Impact of Items Impacting Comparability (Non-GAAP)

465

% Change - Comparable (Non-GAAP)

9

% Comparable Currency Impact (Non-GAAP)

(4)

% Change - Comparable Currency Neutral (Non-GAAP)

13

Note: Certain columns may not add due to rounding.

4

THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

(In millions)

Net Operating Revenues:

Reported (GAAP)

Items Impacting Comparability: Other Items

Comparable (Non-GAAP)

Three Months Ended

Three Months Ended

Three Months Ended

Three Months Ended

March 31, 2017

June 30, 2017

September 29, 2017

December 31, 2017

$

9,118

$

9,702

$

9,078

$

7,512

14

7

(15)

-

$

9,132

$

9,709

$

9,063

$

7,512

Reported (GAAP)

Items Impacting Comparability: Other Items

Comparable (Non-GAAP)

Three Months Ended

Three Months Ended

Three Months Ended

Three Months Ended

April 1, 2016

July 1, 2016

September 30, 2016

December 31, 2016

$

10,282

$

11,539

$

10,633

$

9,409

47

(15)

(7)

(34)

$

10,329

$

11,524

$

10,626

$

9,375

  • % Change - Reported (GAAP)

  • % Currency Impact

  • % Change - Currency Neutral (Non-GAAP)

  • % Acquisitions, Divestitures and Structural Items

  • % Change - Organic Revenues (Non-GAAP)

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

5

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The Coca-Cola Company published this content on 25 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 March 2019 18:59:11 UTC