THE COCA-COLA COMPANY THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues:
Year Ended | Year Ended | ||||||||
December 31, 2018 | December 31, 2015 | ||||||||
Reported (GAAP) | $ | 34,300 | $ | 44,294 | |||||
Items Impacting Comparability: | |||||||||
Other Items | (9) | (37) | |||||||
Comparable (Non-GAAP) | $ | 34,291 | $ | 44,257 | |||||
Operating Income: | |||||||||
Year Ended | Year Ended | ||||||||
December 31, 2018 | December 31, 2015 | ||||||||
Reported (GAAP) | $ | 9,152 | $ | 8,787 | |||||
Items Impacting Comparability: | |||||||||
Asset Impairments | 450 | 292 | |||||||
Productivity and Reinvestment | 440 | 515 | |||||||
Transaction Gains/Losses | 158 | 448 | |||||||
Coca-Cola Beverages Africa ("CCBA") Unrecognized | |||||||||
Depreciation and Amortization | (372) | - | |||||||
Other Items | 58 | 214 | |||||||
Comparable (Non-GAAP) | $ | 9,886 | $ | 10,256 | |||||
Operating Margin: | |||||||||
Year Ended | Year Ended | Basis Point | |||||||
December 31, 2018 | December 31, 2015 | Growth | |||||||
Reported Operating Margin (GAAP) | 26.68% | 19.84% | 684 | ||||||
Items Impacting Comparability (Non-GAAP) | (2.15%) | (3.33%) | |||||||
Comparable Operating Margin (Non-GAAP) | 28.83% | 23.17% | 566 |
1
THE COCA-COLA COMPANY AND SUBSIDIARIES | |||||
Reconciliation of GAAP and Non-GAAP Financial Measures | |||||
(UNAUDITED) | |||||
(In millions) | |||||
Net Operating Revenues: | |||||
Year Ended | |||||
December 31, 2018 | |||||
Reported (GAAP) | $ | 34,300 | |||
Items Impacting Comparability: | |||||
Other Items | (9) | ||||
Comparable (Non-GAAP) | $ | 34,291 | |||
Year Ended | |||||
December 31, 2017 | |||||
Reported (GAAP) | $ | 36,212 | |||
Items Impacting Comparability: | |||||
Other Items | 6 | ||||
Comparable (Non-GAAP) | $ | 36,218 | |||
Year Ended | |||||
December 31, 2018 | |||||
% Change - Reported (GAAP) | (5) | ||||
% Currency Impact | (1) | ||||
% Change - Currency Neutral (Non-GAAP) | (4) | ||||
% Acquisitions, Divestitures and Structural Items | (11) | ||||
% Impact of Accounting Changes1 | 2 | ||||
% Change - Organic Revenues (Non-GAAP) | 5 |
Note: Certain columns may not add due to rounding. Certain percentages 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:
Year Ended | Year Ended | |||||||
December 31, 2018 | December 31, 2017 | |||||||
Reported (GAAP) | $ | 9,152 | $ | 7,755 | ||||
Items Impacting Comparability: | ||||||||
Asset Impairments | 450 | 737 | ||||||
Productivity and Reinvestment | 440 | 534 | ||||||
Transaction Gains/Losses | 158 | 302 | ||||||
CCBA Unrecognized Depreciation and Amortization | (372) | (90) | ||||||
Other Items | 58 | 368 | ||||||
Comparable (Non-GAAP) | $ | 9,886 | $ | 9,606 | ||||
Year Ended | ||||||||
December 31, 2018 | ||||||||
% Change - Reported (GAAP) | 18 | |||||||
% Currency Impact | (5) | |||||||
% Change - Currency Neutral (Non-GAAP) | 23 | |||||||
% Structural Impact | (2) | |||||||
% 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) | 15 | |||||||
% 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) | 12 |
Note: Certain columns may not add due to rounding. Certain percentages may not recalculate using the rounded dollar amounts provided.
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:
Year Ended | Year Ended | |||||||
December 31, 2018 | December 31, 2017 | |||||||
Reported (GAAP) | $ | 1.50 | $ | 0.29 | ||||
Items Impacting Comparability: | ||||||||
Asset Impairments | 0.22 | 0.15 | ||||||
Productivity and Reinvestment | 0.09 | 0.10 | ||||||
Equity Investees | 0.03 | 0.02 | ||||||
Transaction Gains/Losses | 0.24 | 0.49 | ||||||
CCBA Unrecognized Depreciation and Amortization | (0.04) | (0.01) | ||||||
Other Items | 0.08 | 0.06 | ||||||
Certain Tax Matters | (0.02) | 0.83 | ||||||
Comparable (Non-GAAP) | $ | 2.08 | $ | 1.92 | ||||
Year Ended | ||||||||
December 31, 2018 | ||||||||
% Change - Reported (GAAP) | 419 | |||||||
% Impact of Items Impacting Comparability (Non-GAAP) | 410 | |||||||
% Change - Comparable (Non-GAAP) | 9 |
Note: Certain columns may not add due to rounding. Certain percentages may not recalculate using the rounded dollar amounts provided.
4
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues:
Year Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||
December 31, 2016 | March 31, 2017 | June 30, 2017 | September 29, 2017 | December 31, 2017 | |||||||||||||||||
Reported (GAAP) | $ | 41,863 | $ | 9,118 | $ | 9,702 | $ | 9,078 | $ | 8,314 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||||
Other Items | (9) | 14 | 7 | (15) | - | ||||||||||||||||
Comparable (Non-GAAP) | $ | 41,854 | $ | 9,132 | $ | 9,709 | $ | 9,063 | $ | 8,314 | |||||||||||
Year Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||
December 31, 2015 | April 1, 2016 | July 1, 2016 | September 30, 2016 | December 31, 2016 | |||||||||||||||||
Reported (GAAP) | $ | 44,294 | $ | 10,282 | $ | 11,539 | $ | 10,633 | $ | 9,409 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||||
Other Items | (37) | 47 | (15) | (7) | (34) | ||||||||||||||||
Comparable (Non-GAAP) | $ | 44,257 | $ | 10,329 | $ | 11,524 | $ | 10,626 | $ | 9,375 | |||||||||||
Year Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | |||||||||||||||||
December 31, 2016 | March 31, 2017 | June 30, 2017 | September 29, 2017 | December 31, 2017 | |||||||||||||||||
% Change - Reported (GAAP) | (5) | (11) | (16) | (15) | (12) | ||||||||||||||||
% Currency Impact | (3) | (1) | (2) | 0 | 0 | ||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | (3) | (10) | (14) | (14) | (12) | ||||||||||||||||
% Acquisitions, Divestitures and Structural Items | (6) | (10) | (17) | (18) | (18) | ||||||||||||||||
% Change - Organic Revenues (Non-GAAP) | 3 | 0 | 3 | 4 | 6 | ||||||||||||||||
Note: Certain columns may not add due to rounding. | Certain percentages may not recalculate using the rounded dollar amounts provided. |
5
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The Coca-Cola Company published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 18:56:02 UTC
