Coca-Cola (KO) FY2022 results: revenue $43.0 billion, up 11.3% on the year
Coca-Cola Co. (KO) reported revenue of $43.0 billion for fiscal 2022, the year ended 31 December 2022, up 11.3% on the year before. Net income was $9.5 billion, down 2.3%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$43.0 billion
+11.3% on the year
FY2015FY2022
Operating margin
25.4%
26.7% a year earlier
FY2015FY2022
Net income
$9.5 billion
-2.3% on the year
FY2015FY2022
Diluted EPS
$2.19
-2.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
11,018
12,625
9,844
-12.7%
Capital expenditure
1,484
1,367
1,177
+8.6%
Free cash flow
9,534
11,258
8,667
-15.3%
Free cash flow margin
22.2%
29.1%
26.3%
Cash from investing
-763
-2,765
-1,477
Cash from financing
-10,250
-6,786
-8,070
Depreciation and amortisation
1,260
1,452
1,536
-13.2%
Share-based compensation
356
337
126
+5.6%
Buybacks
1,418
111
118
+1,177.5%
Dividends paid
7,616
7,252
7,047
+5.0%
Dividend per share
$1.76
$1.68
$1.64
+4.8%
Diluted shares, weighted
4,350m
4,340m
4,323m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,105
22,999
19,299
+4.8%
Non-controlling interest
1,721
1,861
1,985
-7.5%
Debt
39,149
42,761
42,793
-8.4%
Operating lease liabilities
1,113
1,161
1,300
-4.1%
Other liabilities
26,675
25,572
21,919
+4.3%
Total liabilities and equity
92,763
94,354
87,296
-1.7%
Fixed assets
9,841
9,920
10,777
-0.8%
Goodwill
18,782
19,363
17,506
-3.0%
Intangible assets
460
574
424
-19.9%
Investments
n/a
n/a
2,348
Securities held for sale or to maturity
944
1,549
n/a
-39.1%
Trading assets
n/a
n/a
2,374
Cash and equivalents
9,519
9,684
6,795
-1.7%
Receivables
3,487
3,512
3,144
-0.7%
Inventory
4,233
3,414
3,266
+24.0%
Other assets
45,497
46,338
40,662
-1.8%
Total assets
92,763
94,354
87,296
-1.7%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.