THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues by Operating Segment and Corporate:
Year Ended December 31, 2021 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 7,193 | $ | 4,143 | $ | 13,190 | $ | 5,291 | $ | 2,805 | $ | 7,203 | $ | 85 | $ | (1,255) | $ | 38,655 | ||||||||||||
Items Impacting Comparability: | ||||||||||||||||||||||||||||||
Other Items | 6 | - | - | (3) | - | - | - | - | 3 | |||||||||||||||||||||
Comparable (Non-GAAP) | ||||||||||||||||||||||||||||||
$ | 7,199 | $ | 4,143 | $ | 13,190 | $ | 5,288 | $ | 2,805 | $ | 7,203 | $ | 85 | $ | (1,255) | $ | 38,658 |
Year Ended December 31, 2020 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 6,057 | $ | 3,499 | $ | 11,477 | $ | 4,722 | $ | 1,991 | $ | 6,265 | $ | 46 | $ | (1,043) | $ | 33,014 | |||||||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||||||||
Other Items | (9) | 1 | 1 | 1 | - | - | (9) | - | (15) | ||||||||||||||||||||||
Comparable (Non-GAAP) | |||||||||||||||||||||||||||||||
$ | 6,048 | $ | 3,500 | $ | 11,478 | $ | 4,723 | $ | 1,991 | $ | 6,265 | $ | 37 | $ | (1,043) | $ | 32,999 | ||||||||||||||
Europe, | |||||||||||||||||||||||||||||||
Middle East | Latin | North | Asia | Global | Bottling | ||||||||||||||||||||||||||
& Africa | America | America | Pacific | Ventures | Investments | Corporate | Eliminations Consolidated | ||||||||||||||||||||||||
% Change - Reported (GAAP) | 19 | 18 | 15 | 12 | 41 | 15 | 84 | (20) | 17 | ||||||||||||||||||||||
% Currency Impact | 1 | 0 | 0 | 3 | 7 | 2 | (17) | - | 1 | ||||||||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | 18 | 19 | 15 | 9 | 34 | 13 | 101 | - | 16 | ||||||||||||||||||||||
% Acquisitions, Divestitures and Structural Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | ||||||||||||||||||||||
% Change - Organic Revenues (Non-GAAP) | 18 | 19 | 14 | 9 | 34 | 13 | 101 | - | 16 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
1
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues by Operating Segment and Corporate:
Year Ended December 31, 2020 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 6,057 | $ | 3,499 | $ | 11,477 | $ | 4,722 | $ | 1,991 | $ | 6,265 | $ | 46 | $ | (1,043) | $ | 33,014 | ||||||||||||
Items Impacting Comparability: | ||||||||||||||||||||||||||||||
Other Items | (9) | 1 | 1 | 1 | - | - | (9) | - | (15) | |||||||||||||||||||||
Comparable (Non-GAAP) | ||||||||||||||||||||||||||||||
$ | 6,048 | $ | 3,500 | $ | 11,478 | $ | 4,723 | $ | 1,991 | $ | 6,265 | $ | 37 | $ | (1,043) | $ | 32,999 |
Year Ended December 31, 2019 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 7,058 | $ | 4,118 | $ | 11,915 | $ | 5,327 | $ | 2,562 | $ | 7,440 | $ | 94 | $ | (1,248) | $ | 37,266 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||||||
Other Items | - | - | - | - | - | - | 14 | - | 14 | ||||||||||||||||||||
Comparable (Non-GAAP) | $ | 7,058 | $ | 4,118 | $ | 11,915 | $ | 5,327 | $ | 2,562 | $ | 7,440 | $ | 108 | $ | (1,248) | $ | 37,280 | |||||||||||
Europe, | |||||||||||||||||||||||||||||
Middle East | Latin | North | Asia | Global | Bottling | ||||||||||||||||||||||||
& Africa | America | America | Pacific | Ventures | Investments | Corporate | Eliminations Consolidated | ||||||||||||||||||||||
% Change - Reported (GAAP) | (14) | (15) | (4) | (11) | (22) | (16) | (51) | 16 | (11) | ||||||||||||||||||||
% Currency Impact | (2) | (14) | 0 | 0 | 1 | (4) | 11 | - | (2) | ||||||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | (12) | (1) | (4) | (11) | (23) | (12) | (62) | - | (9) | ||||||||||||||||||||
% Acquisitions, Divestitures and Structural Changes | 0 | 0 | 2 | 0 | 0 | (2) | 0 | - | 0 | ||||||||||||||||||||
% Change - Organic Revenues (Non-GAAP) | (13) | (1) | (5) | (12) | (23) | (10) | (62) | - | (9) |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
2
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues by Operating Segment and Corporate:
Year Ended December 31, 2019 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 7,058 | $ | 4,118 | $ | 11,915 | $ | 5,327 | $ | 2,562 | $ | 7,440 | $ | 94 | $ | (1,248) | $ | 37,266 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||||||
Other Items | - | - | - | - | - | - | 14 | - | 14 | ||||||||||||||||||||
Comparable (Non-GAAP) | $ | 7,058 | $ | 4,118 | $ | 11,915 | $ | 5,327 | $ | 2,562 | $ | 7,440 | $ | 108 | $ | (1,248) | $ | 37,280 |
Year Ended December 31, 2018 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Eliminations Consolidated |
Reported (GAAP) | $ | 7,099 | $ | 4,010 | $ | 11,630 | $ | 5,185 | $ | 770 | $ | 6,787 | $ | 92 | $ | (1,273) | $ | 34,300 | ||||||||||||
Items Impacting Comparability: | ||||||||||||||||||||||||||||||
Other Items | - | - | - | - | - | - | (9) | - | (9) | |||||||||||||||||||||
Comparable (Non-GAAP) | ||||||||||||||||||||||||||||||
$ | 7,099 | $ | 4,010 | $ | 11,630 | $ | 5,185 | $ | 770 | $ | 6,787 | $ | 83 | $ | (1,273) | $ | 34,291 | |||||||||||||
Europe, | ||||||||||||||||||||||||||||||
Middle East | Latin | North | Asia | Global | Bottling | |||||||||||||||||||||||||
& Africa | America | America | Pacific | Ventures | Investments | Corporate | Eliminations Consolidated | |||||||||||||||||||||||
% Change - Reported (GAAP) | (1) | 3 | 2 | 3 | 233 | 10 | 3 | 2 | 9 | |||||||||||||||||||||
% Currency Impact | (9) | (10) | 0 | (1) | (16) | (5) | (11) | - | (4) | |||||||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | 8 | 13 | 3 | 4 | 248 | 15 | 14 | - | 13 | |||||||||||||||||||||
% Acquisitions, Divestitures and Structural Changes | 3 | 0 | 0 | (1) | 242 | 5 | 0 | - | 7 | |||||||||||||||||||||
% Change - Organic Revenues (Non-GAAP) | 5 | 13 | 3 | 5 | 7 | 9 | 14 | - | 6 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
3
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Operating Income (Loss) by Operating Segment and Corporate:
Year Ended December 31, 2021 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated |
Reported (GAAP) | $ | 3,735 | $ | 2,534 | $ | 3,331 | $ | 2,325 | $ | 293 | $ | 473 | $ | (2,383) | $ | 10,308 | ||||||||||||
Items Impacting Comparability: | ||||||||||||||||||||||||||||
Asset Impairments | 78 | - | - | - | - | - | - | 78 | ||||||||||||||||||||
Strategic Realignment | 63 | 11 | 14 | 12 | - | - | 46 | 146 | ||||||||||||||||||||
Productivity and Reinvestment | - | - | - | - | - | - | 115 | 115 | ||||||||||||||||||||
Transaction Gains/Losses | - | - | 21 | - | - | - | 472 | 493 | ||||||||||||||||||||
Other Items | 6 | - | (35) | (3) | (3) | (11) | 15 | (31) | ||||||||||||||||||||
Comparable (Non-GAAP) | ||||||||||||||||||||||||||||
$ | 3,882 | $ | 2,545 | $ | 3,331 | $ | 2,334 | $ | 290 | $ | 462 | $ | (1,735) | $ | 11,109 |
Year Ended December 31, 2020 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated |
Reported (GAAP) | $ | 3,313 | $ | 2,116 | $ | 2,471 | $ | 2,133 | $ | (123) | $ | 308 | $ | (1,221) | $ | 8,997 | |||||||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||||||
Asset Impairments | - | 10 | 215 | - | - | 13 | - | 238 | |||||||||||||||||||||
Strategic Realignment | 78 | 19 | 115 | 31 | 4 | 21 | 145 | 413 | |||||||||||||||||||||
Productivity and Reinvestment | (5) | - | - | - | - | - | 104 | 99 | |||||||||||||||||||||
Transaction Gains/Losses | - | - | - | - | - | - | 51 | 51 | |||||||||||||||||||||
Other Items | (9) | 1 | 1 | 1 | 6 | (17) | (11) | (28) | |||||||||||||||||||||
Comparable (Non-GAAP) | |||||||||||||||||||||||||||||
$ | 3,377 | $ | 2,146 | $ | 2,802 | $ | 2,165 | $ | (113) | $ | 325 | $ | (932) | $ | 9,770 | ||||||||||||||
Europe, | |||||||||||||||||||||||||||||
Middle East | Latin | North | Asia | Global | Bottling | ||||||||||||||||||||||||
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated | ||||||||||||||||||||||||
% Change - Reported (GAAP) | 13 | 20 | 35 | 9 | - | 53 | (95) | 15 | |||||||||||||||||||||
% Currency Impact | 2 | 1 | 0 | 4 | - | (1) | (1) | 2 | |||||||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | 11 | 19 | 35 | 5 | - | 55 | (94) | 13 | |||||||||||||||||||||
% Impact of Items Impacting Comparability (Non-GAAP) | |||||||||||||||||||||||||||||
(2) | 1 | 16 | 1 | - | 11 | (9) | 1 | ||||||||||||||||||||||
% Change - Comparable (Non-GAAP) | 15 | 19 | 19 | 8 | - | 42 | (86) | 14 | |||||||||||||||||||||
% Comparable Currency Impact (Non-GAAP) | 1 | 1 | 0 | 4 | - | (2) | 0 | 2 | |||||||||||||||||||||
% Change - Comparable Currency Neutral (Non-GAAP) | 13 | 18 | 19 | 4 | - | 43 | (86) | 12 |
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)
Operating Income (Loss) by Operating Segment and Corporate:
Year Ended December 31, 2020 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated |
Reported (GAAP) | $ | 3,313 | $ | 2,116 | $ | 2,471 | $ | 2,133 | $ | (123) | $ | 308 | $ | (1,221) | $ | 8,997 | |||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||
Asset Impairments | - | 10 | 215 | - | - | 13 | - | 238 | |||||||||||||||||
Strategic Realignment | 78 | 19 | 115 | 31 | 4 | 21 | 145 | 413 | |||||||||||||||||
Productivity and Reinvestment | (5) | - | - | - | - | - | 104 | 99 | |||||||||||||||||
Transaction Gains/Losses | - | - | - | - | - | - | 51 | 51 | |||||||||||||||||
Other Items | (9) | 1 | 1 | 1 | 6 | (17) | (11) | (28) | |||||||||||||||||
Comparable (Non-GAAP) | |||||||||||||||||||||||||
$ | 3,377 | $ | 2,146 | $ | 2,802 | $ | 2,165 | $ | (113) | $ | 325 | $ | (932) | $ | 9,770 |
Year Ended December 31, 2019 | |||||
Europe, | |||||
Middle East | Latin | North | Asia | Global | Bottling |
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated |
Reported (GAAP) | $ | 3,551 | $ | 2,375 | $ | 2,594 | $ | 2,282 | $ | 334 | $ | 358 | $ | (1,408) | $ | 10,086 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||||||||||
Asset Impairments | - | - | - | 42 | - | - | - | 42 | |||||||||||||||||||
Productivity and Reinvestment | 2 | 1 | 62 | - | - | 5 | 194 | 264 | |||||||||||||||||||
Transaction Gains/Losses | - | - | - | - | - | 95 | 54 | 149 | |||||||||||||||||||
CCBA Unrecognized Depreciation and Amortization | - | - | - | - | - | (148) | - | (148) | |||||||||||||||||||
Other Items | - | - | (4) | - | - | (6) | 26 | 16 | |||||||||||||||||||
Comparable (Non-GAAP) | |||||||||||||||||||||||||||
$ | 3,553 | $ | 2,376 | $ | 2,652 | $ | 2,324 | $ | 334 | $ | 304 | $ | (1,134) | $ | 10,409 | ||||||||||||
Europe, | |||||||||||||||||||||||||||
Middle East | Latin | North | Asia | Global | Bottling | ||||||||||||||||||||||
& Africa | America | America | Pacific | Ventures | Investments Corporate Consolidated | ||||||||||||||||||||||
% Change - Reported (GAAP) | (7) | (11) | (5) | (7) | - | (14) | 13 | (11) | |||||||||||||||||||
% Currency Impact | (3) | (21) | 0 | (1) | - | 1 | 1 | (6) | |||||||||||||||||||
% Change - Currency Neutral (Non-GAAP) | (3) | 11 | (5) | (6) | - | (15) | 12 | (5) | |||||||||||||||||||
% Impact of Items Impacting Comparability (Non-GAAP) | |||||||||||||||||||||||||||
(2) | (1) | (10) | 0 | - | (21) | (5) | (5) | ||||||||||||||||||||
% Change - Comparable (Non-GAAP) | (5) | (10) | 6 | (7) | - | 7 | 18 | (6) | |||||||||||||||||||
% Comparable Currency Impact (Non-GAAP) | (4) | (21) | 0 | (1) | - | 1 | (1) | (6) | |||||||||||||||||||
% Change - Comparable Currency Neutral (Non-GAAP) | (1) | 12 | 6 | (6) | - | 6 | 19 | 0 |
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 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 07:36:58 UTC.