Summary
The Coca-Cola Company's 2009 10-K report, filed in early 2010, details a year characterized by resilience in unit case volume despite challenging macroeconomic conditions. Key financial highlights for 2009 include a 3% decrease in net operating revenues to $30.99 billion, influenced by unfavorable currency fluctuations partially offset by global volume growth. Net income attributable to shareowners saw a significant increase of 18% to $6.82 billion, or $2.93 per diluted share, driven by lower operating expenses and a favorable tax rate. The company continued to return value to shareholders through dividends, which increased by 8% to $1.64 per share, and share repurchases, with $1.5 billion in stock repurchased during the year. Looking ahead, Coca-Cola announced a significant transaction to acquire Coca-Cola Enterprises' North American operations, signaling strategic moves to strengthen its core business and market position.
Financial Highlights
55 data points| Revenue | $30.99B |
| Cost of Revenue | $11.09B |
| Gross Profit | $19.90B |
| SG&A Expenses | $11.36B |
| Operating Income | $8.23B |
| Interest Expense | $355.00M |
| Net Income | $6.82B |
| EPS (Basic) | $1.48 |
| EPS (Diluted) | $1.47 |
| Shares Outstanding (Basic) | 4.63B |
| Shares Outstanding (Diluted) | 4.66B |
Key Highlights
- 1Net operating revenues decreased by 3% to $30.99 billion in 2009, primarily due to unfavorable currency fluctuations, partially offset by global unit case volume growth.
- 2Net income attributable to shareowners increased by 18% to $6.82 billion ($2.93 per diluted share), driven by improved cost management and a lower effective tax rate.
- 3Worldwide unit case volume grew by 3% in 2009, with strong performance in the Pacific and Latin America segments, though North America experienced a 2% decline.
- 4The company continued its commitment to shareholder returns by increasing dividends by 8% to $1.64 per share and repurchasing $1.5 billion of its stock.
- 5Coca-Cola announced a significant agreement to acquire Coca-Cola Enterprises' North American operations, expected to close in late 2010.
- 6Significant investments were made in productivity initiatives, with $107 million incurred in 2009, aiming for $500 million in annualized savings by 2011.
- 7The company highlighted its strong liquidity position, with $7.02 billion in cash and cash equivalents and $2.13 billion in short-term investments at year-end 2009.