Financial Statement Analysis of Coca Cola Company

THE COCA-COLA COMPANY
CONSOLIDATED INCOME STATEMENT
YEAR ENDED 31 DECEMBER 2009, 2008

Analysis of Consolidated Statements of Income Percent Change
Year Ended December 31, 2009 2008 2009 vs. 2008
(In millions except percentages and per share data) $ $ %
NET OPERATING REVENUES 30,990 31,944 (2.99)%
Cost of goods sold 11,088 11,374 (2.51)__
GROSS PROFIT 19,902 20,570 (3.24)
GROSS PROFIT MARGIN 64.2% 64.4%
Selling, general and administrative expenses 11,358 11,774 (3.53)
Other operating charges 313 350 *
OPERATING INCOME 8,231 8,446 (2.55)
OPERATING MARGIN 26.6% 26.4%
Interest income 249 333 (25.23)
Interest expense 355 438 (18.95)
Equity income (loss) — net 781 (874) *