THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

  • Change - Reported (GAAP)
  • Estimated impact of cycling increased inventory levels in our Brazilian bottlers in the prior year and cycling the timing of certain deductions in the prior year
  • Change - Adjusted (Non-GAAP)

Note: Certain rows and columns may not add due to rounding.

Three Months Ended September 27, 2019

Concentrate

Organic Revenues

Sales

Price/Mix

(Non-GAAP)

(2)

6

5

(2)

2

0

1

4

5

Three Months Ended

Three Months Ended

Basis Point

September 27, 2019

September 28, 2018

Growth (Decline)

Reported Gross Margin (GAAP)

60.37%

61.87%

(150)

Items Impacting Comparability

(0.50%)

0.15%

Comparable Gross Margin (Non-GAAP)

60.87%

61.72%

(85)

Comparable Currency Impact (Non-GAAP)

(0.79%)

0.00%

Comparable Currency Neutral Gross Margin (Non-GAAP)

61.66%

61.72%

(6)

Impact of Acquisitions and Structural Charges on Comparable

Currency Neutral Gross Margin (Non-GAAP)

(1.62%)

(0.37%)

Underlying Gross Margin (Non-GAAP)

63.28%

62.09%

119

1

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Disclaimer

The Coca-Cola Company published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 16:29:09 UTC