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, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 33,014 $ 37,266 $ 34,300
Cost of Goods and Services Sold 13,433 14,619 13,067
GROSS PROFIT 19,581 22,647 21,233
Selling, General and Administrative Expense 9,731 12,103 11,002
Other Cost and Expense, Operating 853 458 1,079
OPERATING INCOME 8,997 10,086 9,152
Interest income 370 563 689
Interest expense 1,437 946 950
Equity income (loss) - net 978 1,049 1,008
Other income (loss) - net 841 34 (1,674)
INCOME BEFORE INCOME TAXES 9,749 10,786 8,225
Income taxes 1,981 1,801 1,749
CONSOLIDATED NET INCOME 7,768 8,985 6,476
Net Income (Loss) Attributable to Noncontrolling Interest 21 65 42
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 7,747 $ 8,920 $ 6,434
BASIC NET INCOME PER SHARE (in dollars per share) $ 1.80 $ 2.09 $ 1.51
DILUTED NET INCOME PER SHARE (in dollars per share) $ 1.79 $ 2.07 $ 1.50
AVERAGE SHARES OUTSTANDING (in shares) 4,295 4,276 4,259
Effect of dilutive securities (in shares) 28 38 40
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,323 4,314 4,299