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)

 

		1Q05		2Q05		3Q05		4Q05
North America		0		1		3		3
Africa		10		8		6		1
East, South Asia and Pacific Rim		(4	)	(4	)	(5	)	(1	)
European Union		(4	)	4		1		(1	)
Latin America		6		9		5		5
North Asia, Eurasia and Middle East		12		15		17		17
International Operations - Total		4		7		6		4
Worldwide		3		5		5		4
Bottling Investments (2)		12		1		4		10

 

Reported Unit Case Volume Growth Rate (3)

 

		1Q05		2Q05		3Q05		4Q05		FY05
North America		(2	)	1		3		3		2
Africa		7		8		6		2		6
East, South Asia and Pacific Rim		(6	)	(4	)	(5	)	1		(4	)
European Union		(6	)	4		1		0		0
Latin America		4		9		5		6		6
North Asia, Eurasia and Middle East		9		15		17		18		15
International Operations - Total		1		7		6		6		5
Worldwide		0		5		5		5		4
Bottling Investments (2)		9		1		4		11		6

 

Gallon Sales Growth Rate (4)

 

		1Q05		2Q05		3Q05		4Q05		FY05
North America		(2	)	(2	)	4		2		1
Africa		5		11		7		4		7
East, South Asia and Pacific Rim		(9	)	(8	)	(5	)	(1	)	(6	)
European Union		(9	)	1		(1	)	8		0
Latin America		8		11		7		9		9
North Asia, Eurasia and Middle East		13		6		12		12		10
International Operations - Total		2		5		5		8		5
Worldwide		0		2		5		4		3
Bottling Investments		N/A		N/A		N/A		N/A		N/A

 

Reclassified Operating Segment Data reflect changes in the Company’s operating structure which became effective January 1, 2006.

 

For additional information about our sales volume, refer to page 41 of our 2005 Annual Report on Form 10-K filed on February 28, 2006.

 

(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) Bottling Investments segment data reflect unit case volume growth for consolidated bottling operations only. Geographic segment data reflect unit case volume growth for all bottlers in the applicable geographic areas, both consolidated and unconsolidated.

 

(3) Reported unit case volume growth is computed by comparing the actual unit cases shipped in the period to the actual unit cases shipped in the prior-year corresponding period. In the first quarter of 2005 these amounts are less than the amounts computed on an average daily sales basis because of two fewer shipping days in the first quarter of 2005 as compared to the first quarter of 2004. This difference in days was partially offset in the fourth quarter of 2005.

 

(4) 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

 

		1Q04			2Q04			3Q04			4Q04			FY04			1Q05			2Q05			3Q05			4Q05			FY05
Net Operating Revenues - Third Party
North America		$	1,544		$	1,753		$	1,617		$	1,509		$	6,423		$	1,528		$	1,775		$	1,745		$	1,628		$	6,676
Africa		224			195			235			307			961			266			230			257			354			1,107
East, South Asia and Pacific Rim		171			197			171			167			706			164			193			180			182			719
European Union		881			1,078			1,028			926			3,913			888			1,207			1,118			891			4,104
Latin America		427			434			443			474			1,778			477			506			527			554			2,064
North Asia, Eurasia and Middle East		836			1,069			1,069			911			3,885			902			1,146			1,088			953			4,089
Bottling Investments		924			1,161			1,003			887			3,975			960			1,228			1,103			971			4,262
Corporate		21			27			30			23			101			21			25			19			18			83
		$	5,028		$	5,914		$	5,596		$	5,204		$	21,742		$	5,206		$	6,310		$	6,037		$	5,551		$	23,104
Net Operating Revenues - Intersegment
North America		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Africa		—			3			4			3			10			2			4			5			2			13
East, South Asia and Pacific Rim		28			34			18			29			109			22			21			9			8			60
European Union		209			227			178			159			773			211			225			196			175			807
Latin America		15			16			16			22			69			18			19			20			37			94
North Asia, Eurasia and Middle East		13			35			25			23			96			30			46			30			24			130
		$	265		$	315		$	241		$	236		$	1,057		$	283		$	315		$	260		$	246		$	1,104
Net Operating Revenues - Total
North America		$	1,544		$	1,753		$	1,617		$	1,509		$	6,423		$	1,528		$	1,775		$	1,745		$	1,628		$	6,676
Africa		224			198			239			310			971			268			234			262			356			1,120
East, South Asia and Pacific Rim		199			231			189			196			815			186			214			189			190			779
European Union		1,090			1,305			1,206			1,085			4,686			1,099			1,432			1,314			1,066			4,911
Latin America		442			450			459			496			1,847			495			525			547			591			2,158
North Asia, Eurasia and Middle East		849			1,104			1,094			934			3,981			932			1,192			1,118			977			4,219
Bottling Investments		924			1,161			1,003			887			3,975			960			1,228			1,103			971			4,262
Corporate		21			27			30			23			101			21			25			19			18			83
Eliminations		(265		)	(315		)	(241		)	(236		)	(1,057		)	(283		)	(315		)	(260		)	(246		)	(1,104		)
		$	5,028		$	5,914		$	5,596		$	5,204		$	21,742		$	5,206		$	6,310		$	6,037		$	5,551		$	23,104
Operating Income (Loss)
North America		$	353		$	496		$	377		$	380		$	1,606		$	313		$	460		$	414		$	366		$	1,553
Africa		82			72			76			106			336			90			75			96			135			396
East, South Asia and Pacific Rim		112			134			108			85			439			88			113			8			75			284
European Union		526			597			497			506			2,126			512			685			564			458			2,219
Latin America		256			255			262			280			1,053			277			299			297			303			1,176
North Asia, Eurasia and Middle East		374			505			427			365			1,671			409			532			375			419			1,735
Bottling Investments		(4		)	37			(380		)	(107		)	(454		)	(55		)	53			5			(40		)	(37		)
Corporate		(248		)	(293		)	(270		)	(268		)	(1,079		)	(275		)	(245		)	(267		)	(454		)	(1,241		)
		$	1,451		$	1,803		$	1,097		$	1,347		$	5,698		$	1,359		$	1,972		$	1,492		$	1,262		$	6,085
Income (Loss) Before Income Taxes
North America		$	354		$	494		$	375		$	392		$	1,615		$	315		$	459		$	408		$	367		$	1,549
Africa		79			68			74			101			322			86			73			93			130			382
East, South Asia and Pacific Rim		112			134			108			86			440			88			113			8			74			283
European Union		526			599			496			504			2,125			514			685			566			460			2,225
Latin America		262			256			261			280			1,059			276			298			298			303			1,175
North Asia, Eurasia and Middle East		374			503			427			363			1,667			406			537			380			425			1,748
Bottling Investments		79			244			(204		)	12			131			34			299			182			75			590
Corporate		(274		)	(245		)	(302		)	(316		)	(1,137		)	(271		)	(248		)	(282		)	(461		)	(1,262		)
		$	1,512		$	2,053		$	1,235		$	1,422		$	6,222		$	1,448		$	2,216		$	1,653		$	1,373		$	6,690

 

Reclassified Operating Segment Data reflect changes in the Company’s operating structure which became effective January 1, 2006.

 

(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

 

2004

 

In the second quarter of 2004, the Company recorded the following transactions which impacted results:

 

•                  An approximate $37 million benefit to equity income for Bottling Investments as a result of a favorable tax settlement related to Coca-Cola FEMSA, one of our equity method investees.

 

•                  Impairment charges of approximately $18 million for North America, $12 million for Bottling Investments and $58 million for Corporate, primarily related to write-downs of certain manufacturing investments and an intangible asset.

 

•                  Approximately $49 million for Corporate of noncash pretax gains on issuances of stock by Coca-Cola Enterprises Inc. (CCE), one of our equity method investees.

 

In the third quarter of 2004, the Company recorded the following transactions which impacted results:

 

•                  Impairment charges of approximately $386 million for Bottling Investments primarily related to franchise rights at Coca-Cola Erfrischungsgetraenke AG (CCEAG) and $6 million for Corporate.

 

In the fourth quarter of 2004, the Company recorded the following transactions which impacted results:

 

•                  The receipt of $75 million for Corporate for an insurance settlement related to the class action lawsuit settled in 2000.  The Company subsequently donated $75 million to The Coca-Cola Foundation.

 

•                  Approximately $25 million for Corporate of noncash pretax losses to adjust the amount of the gain recognized in the second quarter of 2004 on issuances of stock by CCE.

 

2005

 

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

 

•                  Approximately $23 million for Corporate due to noncash pretax gains on issuances of stock primarily by Coca-Cola Amatil, one of our equity method investees.

 

•                  Approximately $12 million for North America, $3 million for Africa, $3 million for East, South Asia and Pacific Rim, $3 million for European Union, $4 million for Latin America, $3 million for North Asia, Eurasia and Middle East 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 to equity income for Bottling Investments for our proportionate share of CCE’s HFCS lawsuit settlement.

 

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

 

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

 

•                  An approximate $5 million reduction to equity income for Bottling Investments due to a noncash pretax charge 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 reduction to equity income for Bottling Investments due to our proportionate share of CCE’s tax expense related to repatriation of previously unremitted foreign earnings under the American Jobs Creation Act 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.