THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
Gross Margin:
Three Months Ended | Three Months Ended | Basis Point | |
October 1, 2021 | September 25, 2020 | Growth | |
Reported Gross Margin (GAAP) | 60.39% | 59.88% | 51 |
Items Impacting Comparability (Non-GAAP) | (0.70%) | 0.44% | |
Comparable Gross Margin (Non-GAAP) | 61.09% | 59.44% | 165 |
Note Regarding Forward-LookingNon-GAAP Financial Measures in the Earnings Call:
The 2021 outlook information discussed in the earnings call includes forward-lookingnon-GAAP financial measures, which management uses in measuring performance. The company is not able to reconcile full year 2021 projected dividend payout to free cash flow ratio (non- GAAP) to full year 2021 projected dividend payout to net cash provided by operating activities ratio or full year 2021 projected free cash flow conversion (non-GAAP) to full year 2021 projected net cash provided by operating activities conversion without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the exact amount of dividend payouts for 2021 and the exact timing and amount of items impacting comparability throughout 2021. The unavailable information could have a significant impact on the company's full year 2021 reported financial results.
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The Coca-Cola Company published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 12:37:03 UTC.