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.