Form: 8-K

Current report filing

April 2, 2007

Documents


                                                                                                             Exhibit 99.1
The Coca-Cola Company and Subsidiaries
Reclassified Operating Segment Data
Unaudited
 
Unit Case Volume Growth Rate Based on Average Daily Sales (1)
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
% of Unit Case Volume
  
 
  
1Q05
  
2Q05
  
3Q05
  
4Q05
  
FY05
  
1Q06
  
2Q06
  
3Q06
  
4Q06
  
FY06
  
FY05
  
FY06
  
Africa
    
10
   
8
   
6
   
1
   
6
   
(2
)
  
7
   
5
   
6
   
4
       
6
        
6
  
Eurasia
    
4
   
10
   
17
   
22
   
13
   
15
   
11
   
16
   
14
   
14
       
8
        
9
  
European Union
    
(4
)
  
4
   
1
   
(1
)
  
0
   
1
   
3
   
10
   
7
   
6
       
16
        
16
  
Latin America
    
6
   
9
   
5
   
5
   
6
   
7
   
7
   
7
   
7
   
7
       
25
        
26
  
North America
    
0
   
1
   
3
   
3
   
2
   
2
   
2
   
(1
)
  
(2
)
  
0
       
28
        
27
  
Pacific
    
5
   
6
   
7
   
4
   
5
   
7
   
(2
)
  
1
   
0
   
1
       
17
        
16
  
 
                                                          
Worldwide
    
3
   
5
   
5
   
4
   
4
   
5
   
4
   
5
   
4
   
4
       
100
        
100
  
 
                                                          
Gallon Sales Growth Rate (2)
                                                          
 
                                                          
 
    
1Q05  
    
2Q05
    
3Q05
    
4Q05
    
FY05
    
1Q06
    
2Q06
    
3Q06
    
4Q06
    
FY06
                
Africa
    
5
    
11
    
7
    
4
    
7
    
2
   
8
   
6
   
(3
)
  
3
                 
Eurasia
    
6
    
(2
 )   
18
    
17
    
8
    
7
   
14
   
12
   
6
   
10
                 
European Union
    
(9
 )  
1
    
(1
 )   
8
    
0
    
(1
)
  
4
   
13
   
0
   
4
                 
Latin America
    
6
    
9
    
4
    
6
    
6
    
5
   
7
   
7
   
9
   
7
                 
North America
    
(2
 )   
(2
 )   
4
    
2
    
1
    
3
   
4
   
(2
)
  
(4
)
  
0
                 
Pacific
    
3
    
2
    
2
    
2
    
2
    
4
   
(8
)
  
(1
)
  
3
   
(1
)
                
 
                                                          
Worldwide
    
0
    
2
    
5
    
4
    
3
    
4
   
5
   
4
   
3
   
4
                 
 
                                                          
 

Reclassified Operating Segment Data reflect changes in the Company's operating structure which became effective January 1, 2007.   
 
Certain prior year amounts have been reclassified to conform to the current year presentation.      
 
For additional information about our sales volume, refer to page 43 of our 2006 Annual Report on Form 10-K filed on February 21, 2007. 
 
                
            
(1) Unit case volume growth based on average daily sales is computed by comparing the average daily sales in each of the corresponding quarters. Average daily sales for each quarter are the actual unit cases shipped during the quarter divided by the number of days in the quarter.   
 
(2) Unit case volume and gallon sales growth rates are not necessarily equal during any given period. Items such as seasonality, bottlers' inventory practices, supply point changes, timing of price increases and new product introductions and changes in product mix can impact unit case volume and gallon sales and can create differences between unit case volume and gallon sales growth rates.
 
 
 
The Coca-Cola Company and Subsidiaries
Reclassified Operating Segment Data (1)
Unaudited
In Millions

 
    
1Q05 
    
2Q05
    
3Q05
    
4Q05
    
FY05
    
1Q06
    
2Q06
    
3Q06
    
4Q06
    
FY06
  
 
                                          
Net Operating Revenues - Third Party
                                         
Africa
  
$
266
  
$
230
  
$
257
  
$
354
  
$
1,107
  
$
269
  
$
243
  
$
274
  
$
317
  
$
1,103
  
Eurasia
    
126
   
209
   
173
   
142
   
650
   
158
   
270
   
203
   
160
   
791
 
European Union
    
888
   
1,207
   
1,118
   
891
   
4,104
   
691
   
1,032
   
983
   
799
   
3,505
 
Latin America
    
477
   
506
   
527
   
554
   
2,064
   
572
   
593
   
624
   
695
   
2,484
 
North America
    
1,528
   
1,775
   
1,745
   
1,628
   
6,676
   
1,645
   
1,909
   
1,809
   
1,650
   
7,013
 
Pacific
    
940
   
1,130
   
1,095
   
993
   
4,158
   
869
   
1,065
   
1,108
   
948
   
3,990
 
Bottling Investments
    
960
   
1,228
   
1,103
   
971
   
4,262
   
1,002
   
1,342
   
1,429
   
1,336
   
5,109
 
Corporate
    
21
   
25
   
19
   
18
   
83
   
20
   
22
   
24
   
27
   
93
 
 
  
$
5,206
  
$
6,310
  
$
6,037
  
$
5,551
  
$
23,104
  
$
5,226
  
$
6,476
  
$
6,454
  
$
5,932
  
$
24,088
  
 
                                          
Net Operating Revenues - Intersegment
                                         
Africa
  
$
2
  
$
4
  
$
5
  
$
2
  
$
13
  
$
7
  
$
8
  
$
14
  
$
8
  
$
37
  
Eurasia
    
25
   
28
   
13
   
9
   
75
   
18
   
31
   
21
   
16
   
86
 
European Union
    
211
   
225
   
196
   
175
   
807
   
182
   
229
   
245
   
203
   
859
 
Latin America
    
18
   
19
   
20
   
37
   
94
   
31
   
29
   
30
   
42
   
132
 
North America
    
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
16
   
16
 
Pacific
    
27
   
39
   
26
   
23
   
115
   
17
   
14
   
26
   
71
   
128
 
Bottling Investments
    
-
   
-
   
-
   
-
   
-
   
12
   
27
   
35
   
15
   
89
 
 
  
$
283
  
$
315
  
$
260
  
$
246
  
$
1,104
  
$
267
  
$
338
  
$
371
  
$
371
  
$
1,347
  
 
                                          
Net Operating Revenues - Total
                                          
Africa
  
$
268
  
$
234
  
$
262
  
$
356
  
$
1,120
  
$
276
  
$
251
  
$
288
  
$
325
  
$
1,140
  
Eurasia
    
151
   
237
   
186
   
151
   
725
   
176
   
301
   
224
   
176
   
877
 
European Union
    
1,099
   
1,432
   
1,314
   
1,066
   
4,911
   
873
   
1,261
   
1,228
   
1,002
   
4,364
 
Latin America
    
495
   
525
   
547
   
591
   
2,158
   
603
   
622
   
654
   
737
   
2,616
 
North America
    
1,528
   
1,775
   
1,745
   
1,628
   
6,676
   
1,645
   
1,909
   
1,809
   
1,666
   
7,029
 
Pacific
    
967
   
1,169
   
1,121
   
1,016
   
4,273
   
886
   
1,079
   
1,134
   
1,019
   
4,118
 
Bottling Investments
    
960
   
1,228
   
1,103
   
971
   
4,262
   
1,014
   
1,369
   
1,464
   
1,351
   
5,198
 
Corporate
    
21
   
25
   
19
   
18
   
83
   
20
   
22
   
24
   
27
   
93
 
Eliminations
    
(283
)
  
(315
)
  
(260
)
  
(246
)
  
(1,104
)
  
(267
)
  
(338
)
  
(371
)
  
(371
)
  
(1,347
)
 
  
$
5,206
  
$
6,310
  
$
6,037
  
$
5,551
  
$
23,104
  
$
5,226
  
$
6,476
  
$
6,454
  
$
5,932
  
$
24,088
  
 
                                          
Operating Income (Loss)
                                          
Africa
  
$
90
  
$
75
  
$
96
  
$
135
  
$
396
  
$
103
  
$
87
  
$
97
  
$
137
  
$
424
  
Eurasia
    
49
   
89
   
34
   
26
   
198
   
64
   
126
   
49
   
36
   
275
 
European Union
    
512
   
685
   
564
   
458
   
2,219
   
455
   
687
   
632
   
480
   
2,254
 
Latin America
    
277
   
299
   
297
   
303
   
1,176
   
349
   
346
   
353
   
390
   
1,438
 
North America
    
313
   
460
   
414
   
366
   
1,553
   
388
   
493
   
383
   
419
   
1,683
 
Pacific
    
448
   
556
   
349
   
468
   
1,821
   
363
   
492
   
421
   
374
   
1,650
 
Bottling Investments
    
(55
)
  
53
   
5
   
(40
)
  
(37
)
  
(57
)
  
87
   
47
   
(59
)
  
18
 
Corporate
    
(275
)
  
(245
)
  
(267
)
  
(454
)
  
(1,241
)
  
(270
)
  
(279
)
  
(320
)
  
(565
)
  
(1,434
)
 
  
$
1,359
  
$
1,972
  
$
1,492
  
$
1,262
  
$
6,085
  
$
1,395
  
$
2,039
  
$
1,662
  
$
1,212
  
$
6,308
  
 
                                          
Income (Loss) Before Income Taxes
                                         
Africa
  
$
86
  
$
73
  
$
93
  
$
130
  
$
382
  
$
101
  
$
84
  
$
94
  
$
134
  
$
413
  
Eurasia
    
48
   
95
   
42
   
32
   
217
   
72
   
133
   
52
   
45
   
302
 
European Union
    
514
   
685
   
566
   
460
   
2,225
   
457
   
689
   
632
   
480
   
2,258
 
Latin America
    
276
   
298
   
298
   
303
   
1,175
   
349
   
346
   
350
   
389
   
1,434
 
North America
    
315
   
459
   
408
   
367
   
1,549
   
388
   
492
   
383
   
418
   
1,681
 
Pacific
    
446
   
555
   
346
   
467
   
1,814
   
365
   
490
   
419
   
370
   
1,644
 
Bottling Investments
    
34
   
299
   
182
   
75
   
590
   
18
   
330
   
253
   
(534
)
  
67
 
Corporate
    
(271
)
  
(248
)
  
(282
)
  
(461
)
  
(1,262
)
  
(275
)
  
(173
)
  
(357
)
  
(416
)
  
(1,221
)
 
  
$
1,448
  
$
2,216
  
$
1,653
  
$
1,373
  
$
6,690
  
$
1,475
  
$
2,391
  
$
1,826
  
$
886
  
$
6,578
  
 
                                          
 
Reclassified Operating Segment Data reflect changes in the Company's operating structure which became effective January 1, 2007.
 
(1) Refer to the Items Impacting Comparability Schedule which follows for additional information.
The Coca-Cola Company and Subsidiaries
Reclassified Operating Segment Data
Items Impacting Comparability Schedule
Unaudited

2005

In the first quarter of 2005, the Company recorded the following transactions which impacted results:

·  
An approximate $23 million benefit for Corporate as a result of a noncash pretax gain on issuances of stock by
Coca-Cola Amatil in connection with the acquisition of SPC Ardmona Pty. Ltd., an Australian fruit company.

·  
Charges of approximately $3 million for Africa, $3 million for Eurasia, $3 million for European Union, $4 million for Latin America, $12 million for North America, $3 million for Pacific and $22 million for Corporate as a result of accelerated amortization of stock-based compensation expense due to a change in our estimated service period for retirement-eligible participants.

In the second quarter of 2005, the Company recorded the following transactions which impacted results:

·  
The receipt of approximately $42 million for Corporate related to the settlement of a class action lawsuit concerning the purchase of high fructose corn syrup (“HFCS”).

·  
An approximate $21 million benefit for Bottling Investments for our proportionate share of the HFCS lawsuit settlement related to Coca-Cola Enterprises Inc., (“CCE”).

In the third quarter of 2005, the Company recorded the following transactions which impacted results:

·  
Impairment charges of approximately $85 million for Pacific and $4 million for Bottling Investments primarily related to intangible assets (mainly trademark beverages sold in the Philippines market).

·  
A noncash pretax charge of approximately $5 million for Bottling Investments for our proportionate share of CCE's restructuring charges.

In the fourth quarter of 2005, the Company recorded the following transactions which impacted results:

·  
The receipt of approximately $5 million for Corporate related to the settlement of a class action lawsuit concerning the purchase of HFCS.

·  
An approximate $49 million charge for Bottling Investments for our proportionate share of CCE's tax expense related to repatriation of previously unremitted foreign earnings under the American Jobs Creation Act of 2004 and restructuring charges recorded by CCE, partially offset by changes in certain of CCE's state and provincial tax rates and additional proceeds from CCE's HFCS lawsuit settlement.

2006
 
In the first quarter of 2006, the Company recorded the following transactions which impacted results:

·  
An approximate $42 million charge for Bottling Investments primarily related to the impairment of certain assets and investments.

·  
An approximate $3 million charge for Pacific primarily related to restructuring costs.

·  
An approximate $9 million charge for Bottling Investments for our proportionate share of CCE’s restructuring costs.

In the second quarter of 2006, the Company recorded the following transactions which impacted results:

·  
An approximate $123 million net gain for Corporate related to the sale of a portion of our investment in Coca-Cola Icecek in an initial public offering.

·  
Charges of approximately $27 million for European Union, $2 million for Pacific and $2 million for Bottling Investments primarily related to costs associated with production capacity efficiencies and other restructuring costs.

·  
An approximate $21 million benefit for Bottling Investments for our proportionate share of favorable changes in certain of CCE's state and Canadian federal and provincial tax rates.

In the third quarter of 2006, the Company recorded the following transactions which impacted results:

·  
Charges of approximately $1 million for Africa, $7 million for European Union, $15 million for Pacific and $16 million for Bottling Investments primarily related to the impairment of certain intangible assets and investments in certain bottling operations, and costs to rationalize production and other restructuring costs.

·  
An approximate $3 million charge for Bottling Investments for our proportionate share of items impacting equity method investees.

In the fourth quarter of 2006, the Company recorded the following transactions which impacted results:

·  
An approximate $615 million charge for Bottling Investments for our proportionate share of CCE’s impairment charges and restructuring charges recorded by other equity method investees, partially offset by changes in certain of CCE’s state and Canadian federal and provincial tax rates.

·  
Charges of approximately $2 million for Africa, $2 million for European Union, $42 million for Pacific, $27 million for Bottling Investments and $1 million for Corporate primarily related to restructuring costs and asset impairments.

·  
A $100 million charge for Corporate related to a donation made to The Coca-Cola Foundation.

·  
An approximate $175 million net gain for Corporate related to the sale of Coca-Cola FEMSA, S.A.B de C.V. shares.