Coca-Cola (KO) FY2024 results: revenue $47.1 billion, up 2.9% on the year
Coca-Cola Co. (KO) reported revenue of $47.1 billion for fiscal 2024, the year ended 31 December 2024, up 2.9% on the year before. Net income was $10.6 billion, down 0.8%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$47.1 billion
+2.9% on the year
FY2017FY2024
Operating margin
21.2%
24.7% a year earlier
FY2017FY2024
Net income
$10.6 billion
-0.8% on the year
FY2017FY2024
Diluted EPS
$2.46
-0.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,805
11,599
11,018
-41.3%
Capital expenditure
2,064
1,852
1,484
+11.4%
Free cash flow
4,741
9,747
9,534
-51.4%
Free cash flow margin
10.1%
21.3%
22.2%
Cash from investing
2,524
-3,349
-763
Cash from financing
-6,910
-8,310
-10,250
Depreciation and amortisation
1,075
1,128
1,260
-4.7%
Share-based compensation
286
254
356
+12.6%
Buybacks
1,795
2,289
1,418
-21.6%
Dividends paid
8,359
7,952
7,616
+5.1%
Dividend per share
$1.94
$1.84
$1.76
+5.4%
Diluted shares, weighted
4,320m
4,339m
4,350m
-0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
24,856
25,941
24,105
-4.2%
Non-controlling interest
1,516
1,539
1,721
-1.5%
Debt
44,522
42,064
39,149
+5.8%
Operating lease liabilities
923
1,001
1,113
-7.8%
Other liabilities
28,732
27,158
26,675
+5.8%
Total liabilities and equity
100,549
97,703
92,763
+2.9%
Fixed assets
10,303
9,236
9,841
+11.6%
Goodwill
18,139
18,358
18,782
-1.2%
Intangible assets
n/a
355
460
Securities held for sale or to maturity
1,631
1,134
944
+43.8%
Cash and equivalents
10,828
9,366
9,519
+15.6%
Receivables
3,569
3,410
3,487
+4.7%
Inventory
4,728
4,424
4,233
+6.9%
Other assets
51,351
51,420
45,497
-0.1%
Total assets
100,549
97,703
92,763
+2.9%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.