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