Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 31,856 $ 35,410 $ 41,863
Cost of Goods and Services Sold 11,770 13,255 16,465
GROSS PROFIT 20,086 22,155 25,398
Selling, General and Administrative Expense 10,307 12,654 15,370
Other Cost and Expense, Operating 1,079 1,902 1,371
OPERATING INCOME 8,700 7,599 8,657
Interest income 682 677 642
Interest expense 919 841 733
Equity income (loss) - net 1,008 1,071 835
Other income (loss) - net (1,121) (1,764) (1,265)
INCOME BEFORE INCOME TAXES 8,350 6,742 8,136
Income taxes 1,623 5,560 1,586
NET INCOME FROM CONTINUING OPERATIONS 6,727 1,182 6,550
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (251) 101 0
CONSOLIDATED NET INCOME 6,476 1,283 6,550
Net Income (Loss) Attributable to Noncontrolling Interest 42 35 23
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 6,434 $ 1,248 $ 6,527
Income (Loss) from Continuing Operations, Per Basic Share $ 1.58 $ 0.28 $ 1.51
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share (0.07) 0.02 0.00
BASIC NET INCOME PER SHARE (in dollars per share) 1.51 0.29 1.51
Income (Loss) from Continuing Operations, Per Diluted Share 1.57 0.27 1.49
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share (0.07) 0.02 0.00
DILUTED NET INCOME PER SHARE (in dollars per share) $ 1.50 $ 0.29 $ 1.49
AVERAGE SHARES OUTSTANDING (in shares) 4,259 4,272 4,317
Effect of dilutive securities (in shares) 40 52 50
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,299 4,324 4,367