COCA COLA CO
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 47,941 | 47,061 | +1.9% |
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| Concentrate operations | 28,462 | 27,725 | +2.7% |
| Concentrate operations · Non Us | 19,506 | 18,912 | +3.1% |
| Concentrate operations · US | 8,956 | 8,813 | +1.6% |
| Finished product operations | 19,479 | 19,336 | +0.7% |
| Finished product operations · Non Us | 9,308 | 9,787 | -4.9% |
| Finished product operations · US | 10,171 | 9,549 | +6.5% |
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| Asia Pacific · Operating Segments | 5,638 | 5,594 | +0.8% |
| Bottling Investments · Operating Segments | 5,735 | 6,223 | -7.8% |
| EMEA · Operating Segments | 11,513 | 10,958 | +5.1% |
| Latin America · Operating Segments | 6,334 | 6,471 | -2.1% |
| North America · Operating Segments | 19,586 | 18,869 | +3.8% |
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| Non Us | 28,814 | 28,699 | +0.4% |
| US | 19,127 | 18,362 | +4.2% |
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| Consolidation Eliminations | -1,009 | -1,164 | +13.3% |
| Corporate Non Segment | 144 | 110 | +30.9% |
| Material Reconciling Items | 48,806 | 48,115 | +1.4% |
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| Equity Method Investment Nonconsolidated Investee Other | 102,800 | 99,043 | +3.8% |
| Cost of Revenue | 18,397 | 18,324 | +0.4% |
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| Asia Pacific · Operating Segments | 1,788 | 1,689 | +5.9% |
| Bottling Investments · Operating Segments | 3,948 | 4,251 | -7.1% |
| EMEA · Operating Segments | 3,294 | 3,083 | +6.8% |
| Latin America · Operating Segments | 1,109 | 1,099 | +0.9% |
| North America · Operating Segments | 9,438 | 9,595 | -1.6% |
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| Consolidation Eliminations | -1,009 | -1,164 | +13.3% |
| Corporate Non Segment | -171 | -229 | +25.3% |
| Material Reconciling Items | 19,577 | 19,717 | -0.7% |
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| Equity Method Investment Nonconsolidated Investee Other | 60,622 | 58,527 | +3.6% |
| Gross Profit | 29,544 | 28,737 | +2.8% |
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| Equity Method Investment Nonconsolidated Investee Other | 42,178 | 40,516 | +4.1% |
| Selling, General & Administrative | 14,521 | 14,582 | -0.4% |
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| Asia Pacific · Operating Segments | 1,767 | 1,749 | +1.0% |
| Bottling Investments · Operating Segments | 1,361 | 1,476 | -7.8% |
| EMEA · Operating Segments | 3,921 | 3,620 | +8.3% |
| Latin America · Operating Segments | 1,439 | 1,454 | -1.0% |
| North America · Operating Segments | 4,118 | 3,958 | +4.0% |
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| Corporate Non Segment | 1,915 | 2,325 | -17.6% |
| Material Reconciling Items | 12,606 | 12,257 | +2.8% |
| Other Selling General And Administrative Expense | 1,261 | 4,163 | -69.7% |
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| Asia Pacific · Operating Segments | 41 | — | — |
| Latin America · Operating Segments | 44 | 126 | -65.1% |
| North America · Operating Segments | 960 | 760 | +26.3% |
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| Divested Entities | 12 | 9 | +33.3% |
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| Corporate Non Segment | 216 | 3,277 | -93.4% |
| Material Reconciling Items | 1,045 | 886 | +17.9% |
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| Indemnification Guarantee | 35 | 13 | +169.2% |
| Operating Income | 13,762 | 9,992 | +37.7% |
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| Asia Pacific · Operating Segments | 2,042 | 2,156 | -5.3% |
| Bottling Investments · Operating Segments | 426 | 496 | -14.1% |
| EMEA · Operating Segments | 4,298 | 4,255 | +1.0% |
| Latin America · Operating Segments | 3,742 | 3,792 | -1.3% |
| North America · Operating Segments | 5,070 | 4,556 | +11.3% |
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| Corporate Non Segment | -1,816 | -5,263 | +65.5% |
| Material Reconciling Items | 15,578 | 15,255 | +2.1% |
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| Equity Method Investment Nonconsolidated Investee Other | 13,426 | 12,536 | +7.1% |
| Interest Income | 786 | 988 | -20.4% |
| Interest Expense | 1,654 | 1,656 | -0.1% |
| Income Loss From Equity Method Investments | 2,031 | 1,770 | +14.7% |
| Other Non-Operating Income (Expense) | 1,073 | 1,992 | -46.1% |
| Income Before Taxes | 15,998 | 13,086 | +22.3% |
| Income Tax Expense (Benefit) | 2,861 | 2,437 | +17.4% |
| Net Income | 13,137 | 10,649 | +23.4% |
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| Equity Method Investment Nonconsolidated Investee Other | 9,355 | 8,439 | +10.9% |
| Net Income Loss Attributable To Noncontrolling Interest | 30 | 18 | +66.7% |
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| Noncontrolling Interest | 30 | 18 | +66.7% |
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| Equity Method Investment Nonconsolidated Investee Other | 153 | 98 | +56.1% |
| Net Income | 13,107 | 10,631 | +23.3% |
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| Retained Earnings | 13,107 | 10,631 | +23.3% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Other | 9,202 | 8,341 | +10.3% |
| EPS (Basic) | 3.05 | 2.47 | +23.5% |
| EPS (Diluted) | 3.04 | 2.46 | +23.6% |
| Wtd Avg Shares (Basic) | 4,303 | 4,309 | -0.1% |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 10 | 11 | -9.1% |
| Wtd Avg Shares (Diluted) | 4,313 | 4,320 | -0.2% |
| Comprehensive Income | 15,819 | 8,063 | +96.2% |
| Other Comprehensive Income | 2,712 | -2,568 | +205.6% |
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| Accumulated Other Comprehensive Income | 2,712 | -2,568 | +205.6% |
| Interest Expense | 1,654 | 1,656 | -0.1% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | -499 | 307 | -262.5% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 10,270 | 10,828 | -5.2% |
| Other Short Term Investments | 3,602 | 2,020 | +78.3% |
| Cash Cash Equivalents And Short Term Investments | 13,872 | 12,848 | +8.0% |
| Marketable Securities | 1,934 | 1,723 | +12.2% |
| Accounts Receivable | 3,038 | 3,569 | -14.9% |
| Inventory | 4,425 | 4,728 | -6.4% |
| Prepaid Expenses & Other Current Assets | 2,433 | 2,998 | -18.8% |
| Assets Of Disposal Group Including Discontinued Operation | 5,342 | 131 | +3977.9% |
| Total Current Assets | 31,044 | 25,997 | +19.4% |
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| Equity Method Investment Nonconsolidated Investee Other | 35,272 | 33,720 | +4.6% |
| Non-Current Assets | |||
| Deferred Tax Assets | 1,206 | 1,319 | -8.6% |
| Property, Plant & Equipment | 9,613 | 10,303 | -6.7% |
Show Geography breakouts |
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| Non Us | 4,788 | 5,939 | -19.4% |
| US | 4,825 | 4,364 | +10.6% |
| Goodwill | 15,491 | 18,139 | -14.6% |
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| Asia Pacific | 409 | 407 | +0.5% |
| Bottling Investments | 34 | 2,999 | -98.9% |
| EMEA | 3,843 | 3,540 | +8.6% |
| Latin America | 227 | 215 | +5.6% |
| North America | 10,978 | 10,978 | 0.0% |
| Other Non-Current Assets | 14,696 | 13,403 | +9.6% |
| Total Assets | 104,816 | 100,549 | +4.2% |
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| Equity Method Investment Nonconsolidated Investee Other | 115,098 | 105,759 | +8.8% |
| Operating Lease Right-of-Use Assets | 1,697 | 1,182 | +43.6% |
| Other Assets | |||
| Equity Method Investments | 20,235 | 18,087 | +11.9% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Coca-Cola Bottlers Japan Holdings Inc. | 459 | — | — |
| Coca-Cola Europacific Partners plc | 3,926 | — | — |
| Coca-Cola FEMSA, S.A.B. de C.V. | 2,236 | — | — |
| Coca-Cola HBC AG | 1,391 | — | — |
| Coca-Cola İçecek A.Ş. | 288 | — | — |
| Embotelladora Andina S.A. | 106 | — | — |
| Monster Beverage Corporation | 5,593 | — | — |
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| Exchange Traded | 13,999 | — | — |
| Indefinite Lived Trademarks | 12,531 | 13,301 | -5.8% |
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| BodyArmor | 2,440 | — | — |
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| Trademark in Latin America | 42 | — | — |
| Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current | 14,813 | 21,712 | -31.8% |
| Notes And Loans Payable | 1,551 | 1,499 | +3.5% |
| Long Term Debt And Capital Lease Obligations Current | 1,822 | 648 | +181.2% |
| Accrued Income Taxes Current | 525 | 1,387 | -62.1% |
| Liabilities Of Disposal Group Including Discontinued Operation | 2,570 | 3 | +85566.7% |
| Total Current Liabilities | 21,281 | 25,249 | -15.7% |
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| Equity Method Investment Nonconsolidated Investee Other | 29,933 | 26,959 | +11.0% |
| Commercial Paper | 1,495 | 1,139 | +31.3% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 4,735 | 4,084 | +15.9% |
| Deferred Tax Liabilities | 2,406 | 2,469 | -2.6% |
| Long-Term Debt (Q) | — | — | — |
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| Euro notes due 2026-2053 | 15,470 | 13,619 | +13.6% |
| Swiss franc notes due 2028 | 726 | 635 | +14.3% |
| U.S. dollar debentures due 2026-2098 | 767 | 778 | -1.4% |
| U.S. dollar notes due 2027-2093 | 26,945 | 26,931 | +0.1% |
| Operating Lease Liabilities | 1,401 | 923 | +51.8% |
| Total Liabilities (Q) | — | — | — |
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| Equity Method Investment Nonconsolidated Investee Other | 64,339 | 59,963 | +7.3% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 42,119 | 42,375 | -0.6% |
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| Other, due through 2098 | 651 | 1,845 | -64.7% |
| Minority Interest | 2,106 | 1,516 | +38.9% |
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| Equity Method Investment Nonconsolidated Investee Other | 1,792 | 1,501 | +19.4% |
| Stockholders' Equity | |||
| Common Stock | 1,760 | 1,760 | 0.0% |
| Additional Paid In Capital Common Stock | 20,581 | 19,801 | +3.9% |
| Retained Earnings | 80,382 | 76,054 | +5.7% |
| Accumulated Other Comprehensive Income | -14,131 | -16,843 | +16.1% |
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| Parent | -14,131 | -16,843 | +16.1% |
| Treasury Stock Value | -56,423 | -55,916 | -0.9% |
| Total Stockholders' Equity | 32,169 | 24,856 | +29.4% |
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| Accumulated Other Comprehensive Income | -14,131 | -16,843 | +16.1% |
| Additional Paid In Capital | 20,581 | 19,801 | +3.9% |
| Common Stock | 1,760 | 1,760 | 0.0% |
| Parent | 32,169 | 24,856 | +29.4% |
| Retained Earnings | 80,382 | 76,054 | +5.7% |
| Treasury Stock Common | -56,423 | -55,916 | -0.9% |
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| Equity Method Investment Nonconsolidated Investee Other | 48,967 | 44,295 | +10.5% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 34,275 | 26,372 | +30.0% |
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| Equity Method Investment Nonconsolidated Investee Other | 50,759 | 45,796 | +10.8% |
| Total Liabilities & Equity | 104,816 | 100,549 | +4.2% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 1,050 | 1,075 | -2.3% |
Show Business Segments breakouts |
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| Asia Pacific · Operating Segments | 47 | 45 | +4.4% |
| Bottling Investments · Operating Segments | 313 | 319 | -1.9% |
| EMEA · Operating Segments | 173 | 181 | -4.4% |
| Latin America · Operating Segments | 32 | 29 | +10.3% |
| North America · Operating Segments | 326 | 325 | +0.3% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 159 | 176 | -9.7% |
| Material Reconciling Items | 891 | 899 | -0.9% |
| Stock-Based Compensation | 279 | 286 | -2.4% |
| Deferred Income Taxes | 517 | -11 | +4800.0% |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | -1,038 | -802 | -29.4% |
| Foreign Currency Transaction Gain Loss Before Tax | 191 | -110 | +273.6% |
| Gain Loss On Sale Of Other Assets | -713 | -1,737 | +59.0% |
| Other Operating Activities Cash Flow Statement | 1,052 | 4,000 | -73.7% |
| Other Non-Cash Items | 141 | -311 | +145.3% |
| Increase Decrease In Operating Capital | -7,208 | -6,234 | -15.6% |
| Net Cash from Operations | 7,408 | 6,805 | +8.9% |
| Change in Accounts Receivable | 334 | -295 | +213.2% |
| Change in Inventory | -154 | -520 | +70.4% |
| Change in Prepaid & Other Assets | -388 | -5,667 | +93.2% |
| Change in Other Liabilities | 170 | -63 | +369.8% |
| Investing Activities | |||
| Purchasesof Investments | -6,160 | -5,640 | -9.2% |
| Proceeds From Disposals Of Investments | 4,665 | 6,589 | -29.2% |
| Acquisitions Of Businesses Equity Method Investments And Nonmarketable Securities | -461 | -315 | -46.3% |
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| Equity method investee in Japan | -120 | — | — |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| PAM Investments | -306 | -226 | -35.4% |
| Proceeds From Disposals Of Businesses Equity Method Investments And Nonmarketable Securities | 3,567 | 3,485 | +2.4% |
| Capital Expenditures | -2,112 | -2,064 | -2.3% |
| Proceeds From Sale Of Property Plant And Equipment | 13 | 40 | -67.5% |
| Collateral Paid Received Associated With Hedging Activities Net | 330 | 235 | +40.4% |
| Other Investing Activities | 91 | 194 | -53.1% |
| Net Cash from Investing | -67 | 2,524 | -102.7% |
| Financing Activities | |||
| Proceeds From Issuance Of Debt | 4,980 | 12,061 | -58.7% |
| Repayments Of Debt And Capital Lease Obligations | -4,967 | -9,533 | +47.9% |
| Proceeds From Issuance Of Common Stock | 313 | 747 | -58.1% |
| Share Repurchases | -746 | -1,795 | +58.4% |
| Payments Of Dividends | -8,779 | -8,359 | -5.0% |
| Proceeds From Minority Shareholders | 1,338 | — | — |
| Proceeds From Payments For Other Financing Activities | -279 | -31 | -800.0% |
| Net Cash from Financing | -8,140 | -6,910 | -17.8% |
| Supplemental | |||
| Income Taxes Paid | 2,873 | 3,262 | -11.9% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 321 | -623 | +151.5% |
| Net Change in Cash | -478 | 1,796 | -126.6% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 11,010 | 11,488 | -4.2% |
| Restricted Cash And Cash Equivalents | 740 | 660 | +12.1% |
Values in millions USD. Source: SEC EDGAR 10-K filing.