THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues:
Year Ended | ||||
December 31, 2016 | ||||
Reported (GAAP) | $ | 41,863 | ||
Items Impacting Comparability: | ||||
Other Items | (9) | |||
Comparable (Non-GAAP) | $ | 41,854 |
Year Ended | ||||
December 31, 2015 | ||||
Reported (GAAP) | $ | 44,294 | ||
Items Impacting Comparability: | ||||
Other Items | (37) | |||
Comparable (Non-GAAP) | $ | 44,257 |
Year Ended | |
December 31, 2016 | |
% Change - Reported (GAAP) | (5) |
% Currency Impact | (3) |
% Change - Currency Neutral (Non-GAAP) | (3) |
% Acquisitions, Divestitures and Structural Items | (6) |
% Change - Organic Revenues (Non-GAAP) | 3 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
1
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues:
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||
March 31, 2017 | June 30, 2017 | September 29, 2017 | December 31, 2017 | ||||||||||||||||
Reported (GAAP) | $ | 9,118 | $ | 9,702 | $ | 9,078 | $ | 7,512 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||
Other Items | 14 | 7 | (15) | - | |||||||||||||||
Comparable (Non-GAAP) | $ | 9,132 | $ | 9,709 | $ | 9,063 | $ | 7,512 |
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||
April 1, 2016 | July 1, 2016 | September 30, 2016 | December 31, 2016 | ||||||||||||||||
Reported (GAAP) | $ | 10,282 | $ | 11,539 | $ | 10,633 | $ | 9,409 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||
Other Items | 47 | (15) | (7) | (34) | |||||||||||||||
Comparable (Non-GAAP) | $ | 10,329 | $ | 11,524 | $ | 10,626 | $ | 9,375 |
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||
March 31, 2017 | June 30, 2017 | September 29, 2017 | December 31, 2017 | ||||
% Change - Reported (GAAP) | (11) | (16) | (15) | (20) | |||
% Currency Impact | (1) | (2) | 0 | 0 | |||
% Change - Currency Neutral (Non-GAAP) | (10) | (14) | (14) | (20) | |||
% Acquisitions, Divestitures and Structural Items | (10) | (17) | (18) | (26) | |||
% Change - Organic Revenues (Non-GAAP) | 0 | 3 | 4 | 6 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
2
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Net Operating Revenues:
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||
March 30, 2018 | June 29, 2018 | September 28, 2018 | December 31, 2018 | ||||||||||||||||
Reported (GAAP) | $ | 7,626 | $ | 8,927 | $ | 8,245 | $ | 7,058 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||
Other Items | (2) | (24) | 18 | (1) | |||||||||||||||
Comparable (Non-GAAP) | $ | 7,624 | $ | 8,903 | $ | 8,263 | $ | 7,057 |
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||
March 31, 2017 | June 30, 2017 | September 29, 2017 | December 31, 2017 | ||||||||||||||||
Reported (GAAP) | $ | 9,118 | $ | 9,702 | $ | 9,078 | $ | 7,512 | |||||||||||
Items Impacting Comparability: | |||||||||||||||||||
Other Items | 14 | 7 | (15) | - | |||||||||||||||
Comparable (Non-GAAP) | $ | 9,132 | $ | 9,709 | $ | 9,063 | $ | 7,512 |
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||
March 30, 2018 | June 29, 2018 | September 28, 2018 | December 31, 2018 | ||||
% Change - Reported (GAAP) | (16) | (8) | (9) | (6) | |||
% Currency Impact | 2 | 1 | (3) | (5) | |||
% Change - Currency Neutral (Non-GAAP) | (19) | (8) | (6) | (1) | |||
% Acquisitions, Divestitures and Structural Items | (26) | (15) | (13) | (8) | |||
% Impact of Accounting Changes1 | 3 | 2 | 2 | 2 | |||
% Change - Organic Revenues (Non-GAAP) | 5 | 5 | 6 | 5 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
1 Impact of adoption of new revenue recognition accounting standard
3
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED) | ||||
(In millions) | ||||
Net Operating Revenues: | ||||
Three Months Ended | ||||
March 29, 2019 | ||||
Reported (GAAP) | $ | 8,020 | ||
Items Impacting Comparability: | ||||
Other Items | 4 | |||
Comparable (Non-GAAP) | $ | 8,024 | ||
Three Months Ended | ||||
March 30, 2018 | ||||
Reported (GAAP) | $ | 7,626 | ||
Items Impacting Comparability: | ||||
Other Items | (2) | |||
Comparable (Non-GAAP) | $ | 7,624 | ||
Three Months Ended | ||||
March 29, 2019 | ||||
% Change - Reported (GAAP) | ||||
5 | ||||
% Currency Impact | (6) | |||
% Change - Currency Neutral (Non-GAAP) | 12 | |||
% Acquisitions, Divestitures and Structural Items | 5 | |||
% Change - Organic Revenues (Non-GAAP) | 6 |
Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.
4
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED) | |||
(In millions) | |||
Free Cash Flow and Adjusted Free Cash Flow Conversion Ratio: | |||
Year Ended | |||
December 31, 2018 | |||
Net Cash Provided by Operating Activities | $7,320 | ||
Purchases of Property, Plant and Equipment | (1,347) | ||
Free Cash Flow (Non-GAAP) | 5,973 | ||
Plus: Cash Payments for Pension Plan Contributions | - | ||
Adjusted Free Cash Flow (Non-GAAP) | $5,973 | ||
Net Income from Continuing Operations | $6,727 | ||
Noncash Items Impacting Comparability: | |||
Asset Impairments | 925 | ||
Equity Investees | 120 | ||
Transaction Gains/Losses | 479 | ||
Other Items | 335 | ||
Certain Tax Matters | (92) | ||
Adjusted Net Income from Continuing Operations (Non-GAAP) | $8,494 | ||
Cash Flow Conversion Ratio 1 | 109% | ||
Adjusted Free Cash Flow Conversion Ratio (Non-GAAP)2 | 70% |
- Cash flow conversion ratio is calculated by dividing net cash provided by operating activities by net income from continuing operations.
- Adjusted free cash flow conversion ratio is calculated by dividing adjusted free cash flow by adjusted net income from continuing operations.
5
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The Coca-Cola Company published this content on 12 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2019 10:23:02 UTC