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, 2022
Dec. 31, 2021
Dec. 31, 2020
Net Operating Revenues $ 43,004 $ 38,655 $ 33,014
Cost of goods sold 18,000 15,357 13,433
Gross Profit 25,004 23,298 19,581
Selling, general and administrative expenses 12,880 12,144 9,731
Other operating charges 1,215 846 853
Operating Income 10,909 10,308 8,997
Interest income 449 276 370
Interest expense 882 1,597 1,437
Equity income (loss) — net 1,472 1,438 978
Other income (loss) — net (262) 2,000 841
Income Before Income Taxes 11,686 12,425 9,749
Income taxes 2,115 2,621 1,981
Consolidated Net Income 9,571 9,804 7,768
Net Income (Loss) Attributable to Noncontrolling Interest 29 33 21
Net Income Attributable to Shareowners of The Coca-Cola Company $ 9,542 $ 9,771 $ 7,747
Basic Net Income Per Share1 $ 2.20 $ 2.26 $ 1.80
Diluted Net Income Per Share1 $ 2.19 $ 2.25 $ 1.79
Average Shares Outstanding — Basic 4,328 4,315 4,295
Effect of dilutive securities 22 25 28
Average Shares Outstanding — Diluted 4,350 4,340 4,323