Coca-Cola (KO) FY2012 results: revenue $48.0 billion, up 3.2% on the year
Coca-Cola Co. (KO) reported revenue of $48.0 billion for fiscal 2012, the year ended 31 December 2012, up 3.2% on the year before. Net income was $9.0 billion, up 5.2%, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$48.0 billion
+3.2% on the year
FY2007FY2012
Operating margin
22.4%
21.8% a year earlier
FY2007FY2012
Net income
$9.0 billion
+5.2% on the year
FY2007FY2012
Diluted EPS
$1.97
+6.8% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
48,017
46,542
35,119
+3.2%
Cost of revenue
19,053
18,216
12,693
+4.6%
Gross profit
28,964
28,326
22,426
+2.3%
Gross margin
60.3%
60.9%
63.9%
Selling, general and administrative
17,738
17,440
13,194
+1.7%
Operating income
10,779
10,154
8,413
+6.2%
Operating margin
22.4%
21.8%
24.0%
Interest expense
397
417
733
-4.8%
Pre-tax income
11,809
11,439
14,207
+3.2%
Income tax
2,723
2,812
2,370
-3.2%
Effective tax rate
23.1%
24.6%
16.7%
Net income
9,019
8,572
11,809
+5.2%
Net margin
18.8%
18.4%
33.6%
Diluted EPS
$1.97
$1.84
$2.53
+6.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
10,645
9,474
9,532
+12.4%
Capital expenditure
2,780
2,920
2,215
-4.8%
Free cash flow
7,865
6,554
7,317
+20.0%
Free cash flow margin
16.4%
14.1%
20.8%
Cash from investing
-11,404
-2,524
-4,405
Cash from financing
-3,347
-2,234
-3,465
Depreciation and amortisation
1,982
1,954
1,443
+1.4%
Share-based compensation
259
354
380
-26.8%
Buybacks
4,559
4,513
2,961
+1.0%
Dividends paid
4,595
4,300
4,068
+6.9%
Dividend per share
$1.02
$0.94
$0.88
+8.5%
Diluted shares, weighted
4,584m
4,646m
4,666m
-1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
32,790
31,635
31,003
+3.7%
Non-controlling interest
378
286
314
+32.2%
Debt
32,610
28,568
23,417
+14.1%
Other liabilities
20,396
19,485
18,187
+4.7%
Total liabilities and equity
86,174
79,974
72,921
+7.8%
Fixed assets
14,476
14,939
14,727
-3.1%
Goodwill
12,255
12,219
11,665
+0.3%
Intangible assets
1,039
1,137
1,264
-8.6%
Investments
3,092
144
138
+2,047.2%
Trading assets
266
211
209
+26.1%
Cash and equivalents
8,442
12,803
8,517
-34.1%
Receivables
4,759
4,920
4,430
-3.3%
Inventory
3,264
3,092
2,650
+5.6%
Other assets
38,581
30,509
29,321
+26.5%
Total assets
86,174
79,974
72,921
+7.8%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.