Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Operating Revenues $ 45,754 $ 43,004 $ 38,655
Cost of goods sold 18,520 18,000 15,357
Gross Profit 27,234 25,004 23,298
Selling, general and administrative expenses 13,972 12,880 12,144
Other operating charges 1,951 1,215 846
Operating Income 11,311 10,909 10,308
Interest income 907 449 276
Interest expense 1,527 882 1,597
Equity income (loss) — net 1,691 1,472 1,438
Other income (loss) — net 570 (262) 2,000
Income Before Income Taxes 12,952 11,686 12,425
Income taxes 2,249 2,115 2,621
Consolidated Net Income 10,703 9,571 9,804
Net Income (Loss) Attributable to Noncontrolling Interest (11) 29 33
Net Income Attributable to Shareowners of The Coca-Cola Company $ 10,714 $ 9,542 $ 9,771
Basic Net Income Per Share1 $ 2.48 $ 2.20 $ 2.26
Diluted Net Income Per Share1 $ 2.47 $ 2.19 $ 2.25
Average Shares Outstanding — Basic 4,323 4,328 4,315
Effect of dilutive securities 16 22 25
Average Shares Outstanding — Diluted 4,339 4,350 4,340