Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
NET OPERATING REVENUES $ 46,542 $ 35,119 $ 30,990
Cost of goods sold 18,216 12,693 11,088
GROSS PROFIT 28,326 22,426 19,902
Selling, general and administrative expenses 17,440 13,158 11,358
Other operating charges 732 819 313
OPERATING INCOME 10,154 8,449 8,231
Interest income 483 317 249
Interest expense 417 733 355
Equity income (loss) - net 690 1,025 781
Other income (loss) - net 529 5,185 40
INCOME BEFORE INCOME TAXES 11,439 14,243 8,946
Income taxes 2,805 2,384 2,040
CONSOLIDATED NET INCOME 8,634 11,859 6,906
Less: Net income attributable to noncontrolling interests 62 50 82
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 8,572 $ 11,809 $ 6,824
BASIC NET INCOME PER SHARE (in dollars per share) $ 3.75 [1] $ 5.12 [1] $ 2.95 [1]
DILUTED NET INCOME PER SHARE (in dollars per share) $ 3.69 [1] $ 5.06 [1] $ 2.93 [1]
AVERAGE SHARES OUTSTANDING (in shares) 2,284 2,308 2,314
Effect of dilutive securities (in shares) 39 25 15
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 2,323 2,333 2,329
[1] 1 Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners ofThe Coca-Cola Company.