Balance Sheet Coca-Cola Consolidated, Inc.

Equities

COKE

US1910981026

Non-Alcoholic Beverages

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-09 pm EDT			5-day change	1st Jan Change
1,350.83 ^USD	+1.57%		+0.63%	+45.50%

Aug. 20	Coca-Cola Consolidated Increases Quarterly Dividend to $2.50 per Share; Launches $1 Billion Share Buyback Plan	MT
Aug. 20	Coca-Cola Consolidated, Inc. announces an Equity Buyback for $1,000 million worth of its shares.	CI

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Published financial data: COCA-COLA CONSOLIDATED, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.83B	5.01B	5.56B	6.2B	6.65B
Total Revenues	4.83B	5.01B	5.56B	6.2B	6.65B
Cost of Goods Sold, Total	3.15B	3.23B	3.6B	3.92B	4.05B
Gross Profit	1.68B	1.77B	1.96B	2.28B	2.6B
Selling General & Admin Expenses, Total	1.49B	1.46B	1.52B	1.64B	1.77B
Depreciation & Amortization - (IS)	4.55M	-	-	-	-
Other Operating Expenses	-3.54M	-791K	-1.77M	-427K	2.28M
Other Operating Expenses, Total	1.49B	1.46B	1.52B	1.64B	1.77B
Operating Income	184M	314M	443M	635M	829M
Interest Expense, Total	-46.35M	-37.11M	-32.71M	-24.79M	-
Interest And Investment Income	-	-	-	-	918K
Net Interest Expenses	-46.35M	-37.11M	-32.71M	-24.79M	918K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	156K	-	-	-2.38M	532K
EBT, Excl. Unusual Items	138M	277M	410M	608M	831M
Restructuring Charges	-10.58M	-4.39M	-8.49M	-606K	-1.3M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-92.79M	-31.21M	-146M	-32.3M	-272M
EBT, Incl. Unusual Items	34.22M	241M	255M	575M	557M
Income Tax Expense	15.66M	58.94M	65.57M	145M	149M
Earnings From Continuing Operations	18.56M	182M	190M	430M	408M
Net Income to Company	18.56M	182M	190M	430M	408M
Minority Interest	-7.18M	-9.6M	-	-	-
Net Income - (IS)	11.38M	172M	190M	430M	408M
Net Income to Common Incl Extra Items	11.38M	172M	190M	430M	408M
Net Income to Common Excl. Extra Items	11.38M	172M	190M	430M	408M
Per Share Items
Net EPS - Basic	1.21	18.4	20.23	45.89	43.56
Basic EPS - Continuing Operations	1.21	18.4	20.23	45.89	43.56
Basic Weighted Average Shares Outstanding	9.37M	9.37M	9.37M	9.37M	9.37M
Net EPS - Diluted	1.21	18.3	20.17	45.74	43.48
Diluted EPS - Continuing Operations	1.21	18.3	20.17	45.74	43.48
Diluted Weighted Average Shares Outstanding	9.42M	9.43M	9.4M	9.4M	9.39M
Normalized Basic EPS	8.41	17.42	27.34	40.54	55.4
Normalized Diluted EPS	8.37	17.32	27.26	40.4	55.29
Dividend Per Share	1	1	1	1	2
Payout Ratio	82.36	5.43	4.94	2.18	11.48
Supplemental Items
EBITDA	356M	486M	618M	804M	1B
EBITA	207M	337M	466M	659M	853M
EBIT	184M	314M	443M	635M	829M
EBITDAR	388M	526M	661M	849M	1.05B
Effective Tax Rate - (Ratio)	45.77	24.45	25.7	25.2	26.75
Current Domestic Taxes	11.68M	50.21M	74.75M	136M	198M
Total Current Taxes	11.68M	50.21M	74.75M	136M	198M
Deferred Domestic Taxes	3.99M	8.74M	-9.18M	8.98M	-49.02M
Total Deferred Taxes	3.99M	8.74M	-9.18M	8.98M	-49.02M
Normalized Net Income	78.81M	163M	256M	380M	519M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	2.71M	1.73M	2.3M	884K	447K
Non-Cash Pension Expense	5.72M	1.98M	1.8M	6.49M	116M
Supplemental Operating Expense Items
Selling and Marketing Expenses	623M	622M	674M	757M	780M
General and Administrative Expenses	2.3M	2.5M	2.9M	2.4M	2.8M
Net Rental Expense, Total	32.42M	40.13M	43.63M	45.55M	48.95M
Imputed Operating Lease Interest Expense	10.41M	10.25M	10.9M	10.67M	-
Imputed Operating Lease Depreciation	22.01M	29.88M	32.73M	34.88M	-
Stock-Based Comp., SG&A Exp. (Total)	12.9M	9.2M	9.8M	10.1M	10.3M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	12.9M	9.2M	9.8M	10.1M	10.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.61M	54.79M	142M	198M	635M
Total Cash And Short Term Investments	9.61M	54.79M	142M	198M	635M
Accounts Receivable, Total	482M	453M	513M	552M	592M
Other Receivables	47.45M	37.08M	33.88M	54.63M	67.53M
Total Receivables	530M	490M	547M	606M	659M
Inventory	226M	226M	303M	348M	322M
Prepaid Expenses	30.28M	38.27M	36.67M	46.97M	40.16M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	34.82M	42.31M	48.28M	47.29M	48.43M
Total Current Assets	830M	851M	1.08B	1.25B	1.71B
Gross Property Plant And Equipment	2.09B	2.18B	2.24B	2.44B	2.61B
Accumulated Depreciation	-961M	-956M	-1.01B	-1.11B	-1.16B
Net Property Plant And Equipment	1.13B	1.23B	1.23B	1.33B	1.45B
Long-term Investments	41.9M	41.4M	43.6M	46.3M	60.2M
Goodwill	166M	166M	166M	166M	166M
Other Intangibles, Total	891M	867M	848M	851M	825M
Other Long-Term Assets, Total	71.37M	70.38M	76.89M	69.59M	85.01M
Total Assets	3.13B	3.22B	3.45B	3.71B	4.29B
Liabilities
Accounts Payable, Total	296M	325M	465M	515M	523M
Accrued Expenses, Total	235M	239M	272M	288M	320M
Current Portion of Leases	24.43M	25.63M	28.11M	29.94M	28.68M
Current Income Taxes Payable	1.65M	-	-	-	-
Other Current Liabilities	64.75M	57.52M	70.26M	72.87M	219M
Total Current Liabilities	622M	647M	835M	905M	1.09B
Long-Term Debt	1.03B	940M	723M	599M	599M
Long-Term Leases	115M	190M	187M	126M	107M
Pension & Other Post Retirement Benefits	256M	257M	241M	198M	214M
Deferred Tax Liability Non Current	125M	139M	136M	150M	128M
Other Non Current Liabilities	527M	535M	611M	616M	713M
Total Liabilities	2.68B	2.71B	2.73B	2.59B	2.85B
Common Stock, Total	13.06M	13.06M	13.06M	13.06M	13.06M
Additional Paid In Capital	129M	136M	136M	136M	136M
Retained Earnings	381M	544M	724M	1.11B	1.35B
Treasury Stock	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M
Comprehensive Income and Other	-115M	-119M	-100M	-84.84M	-4.28M
Total Common Equity	347M	513M	712M	1.12B	1.44B
Minority Interest	104M	-	-	-	-
Total Equity	451M	513M	712M	1.12B	1.44B
Total Liabilities And Equity	3.13B	3.22B	3.45B	3.71B	4.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.37M	9.37M	9.37M	9.37M	9.37M
ECS Total Common Shares Outstanding	9.37M	9.37M	9.37M	9.37M	9.37M
Book Value / Share	37.01	54.73	75.93	118.99	153.15
Tangible Book Value	-710M	-519M	-302M	98.28M	445M
Tangible Book Value Per Share	-75.71	-55.42	-32.2	10.49	47.48
Total Debt	1.17B	1.16B	939M	755M	735M
Net Debt	1.16B	1.1B	796M	557M	99.87M
Debt Equivalent of Unfunded Proj. Benefit Obligation	55.6M	48.55M	31.22M	8.2M	-1.2M
Debt Equivalent Oper. Leases	259M	321M	349M	364M	392M
Minority Interest, Total (Incl. Fin. Div)	104M	-	-	-	-
Equity Method Investments, Total	41.9M	41.4M	43.6M	46.3M	60.2M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	83.56M	85.68M	121M	136M	114M
Inventories - Finished Goods, Total	142M	140M	182M	211M	208M
Land - (BS)	76.86M	81.98M	80.26M	88.18M	99.86M
Buildings, Total	224M	240M	265M	352M	391M
Machinery, Total	1.35B	1.4B	1.44B	1.52B	1.67B
Full Time Employees	14.8K	14K	14.1K	15K	15K
Part Time Employees	2.1K	1.8K	1.9K	2K	2K
Assets under Capital Lease - Gross	17.96M	69.87M	64.21M	6.43M	4.78M
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	10.18M	18.02M	14.34M	13.12M	11.56M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	11.38M	172M	190M	430M	408M
Depreciation & Amortization - CF	149M	149M	152M	145M	152M
Amortization of Goodwill and Intangible Assets - (CF)	23.03M	23.08M	23.24M	23.63M	23.49M
Depreciation & Amortization, Total	172M	172M	175M	169M	175M
Amortization of Deferred Charges, Total - (CF)	9.01M	7.75M	6.66M	4.01M	2.69M
(Gain) Loss From Sale Of Asset	6.5M	5.19M	5.92M	5.64M	7.18M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	8.8M	8.03M	3.2M	-	-
Stock-Based Compensation (CF)	2.04M	-	-	-	-
Other Operating Activities, Total	104M	50.62M	118M	22.54M	223M
Change In Accounts Receivable	-9.52M	21.32M	-55.36M	-37.83M	-40.04M
Change In Inventories	-15.89M	169K	-77.09M	-44.69M	25.61M
Change In Accounts Payable	29.75M	29.86M	123M	40.53M	-6.19M
Change in Other Net Operating Assets	-28.02M	26.72M	31.87M	-34.44M	14.66M
Cash from Operations	290M	494M	522M	555M	811M
Capital Expenditure	-171M	-202M	-156M	-299M	-282M
Sale of Property, Plant, and Equipment	4.06M	3.38M	5.27M	7.37M	695K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-4.65M	-	-8.99M	-30.65M	-
Investment in Marketable and Equity Securities, Total	-1.71M	-1.77M	-2.53M	-3.09M	-13.74M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-174M	-200M	-162M	-325M	-295M
Long-Term Debt Issued, Total	615M	235M	125M	-	-
Total Debt Issued	615M	235M	125M	-	-
Long-Term Debt Repaid, Total	-699M	-331M	-347M	-128M	-2.3M
Total Debt Repaid	-699M	-331M	-347M	-128M	-2.3M
Common Dividends Paid	-9.37M	-9.37M	-9.37M	-9.37M	-46.87M
Common & Preferred Stock Dividends Paid	-9.37M	-9.37M	-9.37M	-9.37M	-46.87M
Other Financing Activities, Total	-27.6M	-144M	-40.64M	-36.82M	-28.55M
Cash from Financing	-121M	-249M	-272M	-174M	-77.72M
Net Change in Cash	-3.93M	45.18M	87.52M	55.33M	438M
Supplemental Items
Cash Interest Paid	43.4M	-	-	-	-
Cash Income Tax Paid (Refund)	6.31M	55.76M	70.99M	141M	201M
Levered Free Cash Flow	71.85M	208M	331M	190M	590M
Unlevered Free Cash Flow	99.51M	230M	350M	204M	589M
Change In Net Working Capital	32.14M	-47.88M	-47.41M	45.34M	-166M
Net Debt Issued / Repaid	-83.66M	-95.86M	-222M	-128M	-2.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.74	6.18	8.3	11.1	12.96
Return on Total Capital	7.14	11.92	16.67	22.55	25.66
Return On Equity %	4.1	37.78	30.96	47.08	32.02
Return on Common Equity	3.23	40.12	30.96	47.08	32.02
Margin Analysis
Gross Profit Margin %	34.73	35.43	35.27	36.74	39.08
SG&A Margin	30.9	29.18	27.34	26.51	26.57
EBITDA Margin %	7.38	9.71	11.11	12.96	15.1
EBITA Margin %	4.28	6.73	8.38	10.62	12.82
EBIT Margin %	3.81	6.27	7.96	10.24	12.47
Income From Continuing Operations Margin %	0.38	3.64	3.41	6.94	6.14
Net Income Margin %	0.24	3.44	3.41	6.94	6.14
Net Avail. For Common Margin %	0.24	3.44	3.41	6.94	6.14
Normalized Net Income Margin	1.63	3.26	4.61	6.13	7.8
Levered Free Cash Flow Margin	1.49	4.15	5.94	3.06	8.87
Unlevered Free Cash Flow Margin	2.06	4.6	6.29	3.29	8.85
Asset Turnover
Asset Turnover	1.57	1.58	1.67	1.73	1.66
Fixed Assets Turnover	4.51	4.25	4.52	4.83	4.79
Receivables Turnover (Average Receivables)	10.11	10.71	11.52	11.65	11.64
Inventory Turnover (Average Inventory)	14.45	14.32	13.62	12.06	12.11
Short Term Liquidity
Current Ratio	1.33	1.32	1.29	1.38	1.56
Quick Ratio	0.87	0.84	0.83	0.89	1.19
Operating Cash Flow to Current Liabilities	0.47	0.76	0.62	0.61	0.74
Days Sales Outstanding (Average Receivables)	36.01	34.36	31.68	31.33