Wiki source code of The Coca-Cola Company
Last modified by Md. Touhidul Islam on 2023/02/16 08:50
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1.1 | 1 | {{box cssClass="floatinginfobox" title="**Contents**"}} |
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1.2 | 5 | = Summary = |
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2.3 | 7 | * The Coca-Cola Company (NYSE:KO) is a total beverage company originated in 1886 as a drink by an Atlanta pharmacist John S. Pemberton. |
| 8 | * The company has its reach in as many as 200 countries around the world. It employs 700,000+ employees across the company and bottling partners. | ||
| 9 | * Net revenues of The Coca-Cola Company reported for the fourth quarter of 2022 is $10.12 billion, up 7% from $9.46 billion during the same period a year earlier. Consolidated net income of the company for the fourth quarter of 2022 is $2.05 billion, down 16% from $2.45 billion during the same period a year earlier. | ||
| 10 | * Net revenues of The Coca-Cola Company reported for the year ended on December 31, 2022 is $43.00 billion, up 11% from $38.65 billion a year earlier. Consolidated net income of the company in 2022 is $9.57 billion, down 2% from $9.80 billion a year earlier. | ||
| 11 | * The Coca-Cola Company operates throughout the world via its independent bottling partners, distributors and wholesalers. | ||
| 12 | * Products of The Coca-Cola Company includes 'concentrates', 'syrups', 'fountain syrups', 'Company Trademark Beverages' and 'Trademark Coca-Cola Beverages'. | ||
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1.2 | 13 | |
| 14 | = Brief Company Overview = | ||
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5.2 | 16 | [[image:Coca-Cola_logo.svg||alt="coca cola logo" height="94" style="float:left" width="287"]]The Coca-Cola Company (NYSE:KO) is a total beverage company originated in 1886 as a drink by an Atlanta pharmacist John S. Pemberton. The company owns or licenses and markets numerous beverage brands. The grouped brand names are - Trademark Coca-Cola; sparkling flavors; hydration, sports, coffee and tea; nutrition, juice, dairy and plant-based beverages; and emerging beverages. The company owns and makes five of top six nonalcoholic sparkling soft drink brands in the world - Coca-Cola, Sprite, Fanta, Diet Coke and Coca-Cola Zero Sugar. |
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1.2 | 17 | |
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5.2 | 18 | (% style="text-align:center" %) |
| 19 | [[image:coca cola cover photo.webp||alt="coca-cola cover photo"]] | ||
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1.102 | 21 | The Coca-Cola Company sells more than 1.9 billion drinks everyday. The company has its reach in as many as 200 countries around the world. It employs 700,000+ employees across the company and bottling partners. The company has 225+ bottling partners across the globe and approximately 900 bottling plants across the globe. |
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1.2 | 22 | |
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1.168 | 23 | The Coca-Cola Company is helmed currently by James Robert B. Quincey as Chairman & CEO. Stock of the company is listed in the NYSE with symbol 'KO'. |
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1.2 | 24 | |
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1.137 | 25 | = Financial Highlights = |
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1.2 | 26 | |
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1.137 | 27 | == Q4'22 Financial Highlights == |
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1.2 | 28 | |
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1.228 | 29 | Net revenues of The Coca-Cola Company reported for the fourth quarter of 2022 is $10.12 billion, up 7% from $9.46 billion during the same period a year earlier. Cost of goods sold of the company during the year is $4.51 billion and $4.08 billion for the quarters, respectively. Thus, gross profit of the company during the quarters are $5.61 billion $5.37 billion, respectively. Operating income of the company is up 24% from $1.67 billion to $2.07 billion in the fourth quarter of 2022. Consolidated net income of the company for the fourth quarter of 2022 is $2.05 billion, down 16% from $2.45 billion during the same period a year earlier. The decrease is due to decrease in other incomes from $1.08 billion to $0.25 billion. Basic earnings per share in the fourth quarter of 2022 is $0.47, as compared to $0.56 during the same period a year earlier. |
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1.2 | 30 | |
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1.137 | 31 | == Annual Performance Highlights == |
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1.3 | 32 | |
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1.228 | 33 | Net revenues of The Coca-Cola Company reported for the year ended on December 31, 2022 is $43.00 billion, up 11% from $38.65 billion a year earlier. Cost of goods sold of the company during this year is $18 billion and $15.36 billion for the year earlier, respectively. Thus, gross profit of the company during the years are $25.00 billion $23.3 billion, respectively. Operating income of the company is up 6% from $10.91 billion to $10.31 billion. Consolidated net income of the company in 2022 is $9.57 billion, down 2% from $9.80 billion a year earlier. The decrease is due to decrease in other incomes from $2.00 billion to negative $0.26 billion. Basic earnings per share in 2022 is $2.20, as compared to $2.26 during a year earlier. |
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1.137 | 34 | |
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1.236 | 35 | The Coca-Cola Company has reported cash and cash equivalents of $9.52 billion in 2022, down from $9.68 a year earlier. Total current assets stand at $22.59 billion, slightly up from $22.54 billion a year earlier. The company holds equity method investments of $18.26 billion as of December 31, 2022, which was $17.54 billion a year earlier. Total current liabilities of the company at the end of 2022 stand at $19.72 billion, as compared to $19.95 billion a year earlier. |
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1.137 | 36 | |
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1.240 | 37 | Net cash provided by operating activities during 2022 is $11.02 billion, slightly down from $12.63 billion of the previous year. Net cash used in investing activities is $0.76 billion, which was $2.76 billion a year earlier. Net cash used in financing activities is $10.25 billion, which was $6.78 billion a year earlier. The increase is due to increased purchase of stock for treasury. |
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1.137 | 38 | |
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1.167 | 39 | = Business Overview = |
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1.4 | 40 | |
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1.103 | 41 | The Coca-Cola Company operates throughout the world via its independent bottling partners, distributors and wholesalers. The primary way that the products reach the marketplace starts with Coca-Cola, which manufactures and sells concentrates, beverage bases and syrups to bottling operations. Coca-Cola also owns the brands and is responsible for consumer brand marketing initiatives. The bottler partners manufacture, package, merchandise and distribute final branded beverages to the customers and vending partners, who then sell the products to consumers. |
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1.4 | 42 | |
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2.3 | 43 | (% style="text-align:center" %) |
| 44 | [[image:infographic-coca-cola-system-2021.webp||alt="brief business overview coca-cola company"]] | ||
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1.104 | 46 | The Coca-Cola Company generates its revenue by manufacturing and selling beverage concentrates and syrups, as well as finished beverages including sparkling soft drinks, water and sports drinks, juice, dairy and plant-based drinks, tea and coffee.{{footnote}}https://www.coca-colacompany.com/company/coca-cola-system{{/footnote}} |
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1.4 | 47 | |
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1.104 | 48 | In January 2006, the company-owned bottling operations were brought together to form the Bottling Investments Group, or BIG. BIG was created to ensure those bottling operations receive the appropriate investments and expertise to ensure their long term success. |
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1.103 | 49 | |
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1.120 | 50 | The business of the company operates through six operating segments. |
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1.103 | 51 | |
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1.120 | 52 | * Europe, Middle East and Africa |
| 53 | * Latin America | ||
| 54 | * North America | ||
| 55 | * Asia Pacific | ||
| 56 | * Global Ventures | ||
| 57 | * Bottling Investments | ||
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1.103 | 58 | |
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1.120 | 59 | The operating structure also includes Corporate, which consists of two components: (1) a center focusing on strategic initiatives, policy, governance and scaling global initiatives; and (2) a platform services organization supporting the operating units, global marketing category leadership teams and the center by providing efficient and scaled global services and capabilities including, but not limited to, transactional work, data management, consumer analytics, digital commerce and social/digital hubs. |
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1.103 | 60 | |
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1.120 | 61 | = Products and Brands = |
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| 63 | Products of The Coca-Cola Company includes 'concentrates', 'syrups', 'fountain syrups', 'Company Trademark Beverages' and 'Trademark Coca-Cola Beverages'. “Concentrates” means flavorings and other ingredients which, when combined with water and, depending on the product, sweeteners (nutritive or non-nutritive) are used to prepare syrups or finished beverages, and includes powders/minerals for purified water products; “syrups” means intermediate products in the beverage manufacturing process produced by combining concentrates with water and, depending on the product, sweeteners (nutritive or non-nutritive); “fountain syrups” means syrups that are sold to fountain retailers, such as restaurants and convenience stores, which use dispensing equipment to mix the syrups with sparkling or still water at the time of purchase to produce finished beverages that are served in cups or glasses for immediate consumption; “Company Trademark Beverages” means beverages bearing company trademarks and certain other beverages bearing trademarks licensed to The Coca-Cola Company by third parties for which the company provides marketing support and from the sale of which it derives an economic benefit. | ||
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5.2 | 65 | (% style="text-align:center" %) |
| 66 | [[image:Business segments.png||alt="business segments coca-cola"]] | ||
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1.120 | 68 | "Trademark Coca-Cola Beverages" are the brands that the company uses. |
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1.4 | 70 | **Sparkling** |
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1.18 | 72 | * Coca-Cola |
| 73 | * Fanta | ||
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1.133 | 74 | * Diet Coke/Coca-Cola Light |
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1.18 | 75 | * Sprite |
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1.133 | 76 | * Coca-Cola Zero Sugar |
| 77 | * Fresca | ||
| 78 | * Schweppes | ||
| 79 | * Thumps Up | ||
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1.4 | 80 | |
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1.133 | 81 | **Hydration, Sports, Coffee and Tea** |
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1.4 | 82 | |
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1.18 | 83 | * AHA |
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1.133 | 84 | * Aquarius |
| 85 | * Ayataka | ||
| 86 | * BODYARMOR | ||
| 87 | * Ciel | ||
| 88 | * doğadan | ||
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1.18 | 89 | * Powerade |
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1.133 | 90 | * Georgia |
| 91 | * glacéau smartwater | ||
| 92 | * glacéau vitaminwater | ||
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1.18 | 93 | * smartwater |
| 94 | * Dasani | ||
| 95 | * Topo Chico | ||
| 96 | * Costa Coffee | ||
| 97 | * Gold Peak Tea | ||
| 98 | * FuzeTea | ||
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1.133 | 99 | * Ice Dew |
| 100 | * I LOHAS | ||
| 101 | * Powerade | ||
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1.18 | 102 | * Peace Tea |
| 103 | |||
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1.133 | 104 | **Nutrition, Juices & Dairy** |
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1.18 | 105 | |
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1.133 | 106 | * AdeS |
| 107 | * Del Valle | ||
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1.18 | 108 | * Fairlife |
| 109 | * Minute Maid | ||
| 110 | * innocent | ||
| 111 | * Simply | ||
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1.133 | 112 | * Minute Maid Pulpy |
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1.18 | 113 | |
| 114 | **Alcohol ** | ||
| 115 | |||
| 116 | * Fresca Mixed | ||
| 117 | * Simply Spiked | ||
| 118 | * Topo Chico Hard Seltzer | ||
| 119 | * Jack Daniel's & Coca-Cola | ||
| 120 | |||
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1.133 | 121 | Certain Coca-Cola system bottlers distribute certain brands of Monster Beverage Corporation (“Monster”), primarily Monster Energy. |
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1.148 | 123 | = Risk Factors = |
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| 125 | * COVID-19 related risks | ||
| 126 | * Increased competition can hurt the business of The Coca-Cola Company. | ||
| 127 | * The business is exposed to vulnerabilities related to changes in the retail landscape and general consumer taste. | ||
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1.172 | 128 | * Dependence of the company on electricity, natural gas, and other energy sources for operation and distribution purposes can give rise to increased cost, disruption in supply, shortages of energy and so on. |
| 129 | * Increases in the cost, disruption of supply or shortages of ingredients, other raw materials, packaging materials, aluminum cans and other containers could harm the operation of the business. | ||
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1.174 | 130 | * Products of the company cannot be adjusted for price easily to offset inflationary pressure in different parts of the world. |
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1.177 | 131 | * If the third-party business partners, such as the bottlers, and distributors, fail to keep up to their commitments satisfactorily, the business of The Coca-Cola Company could suffer. |
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1.182 | 132 | * The growing concern of the consumers about obesity and other health-related problems may reduce demand for some of the company products. |
| 133 | * Public debate and concern about perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in the beverage products or packaging materials, may reduce demand for the beverage products. | ||
| 134 | * Increases in income tax rates, changes in income tax laws, regulations or unfavorable resolutions of tax matters could have a material adverse impact on our financial results. | ||
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1.187 | 135 | * Changes in law regarding, packaging, disposal, additional labeling and waring requirements can affect the business. |
| 136 | * Failure to adequately protect, or disputes relating to, trademarks, formulas and other intellectual property rights could harm the business. | ||
| 137 | * Fluctuations in foreign currency exchange rates could have a material adverse effect on financial results of the company. | ||
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1.191 | 138 | * Increasing concerns about the environmental impact of plastic bottles and other packaging materials could result in reduced demand for the beverage products and increased production and distribution costs. |
| 139 | * Adverse weather condition and concerns over climate change can negatively affect the business. | ||
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1.148 | 140 | |
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1.102 | 141 | = Company History{{footnote}}https://www.coca-colacompany.com/content/dam/journey/us/en/our-company/history/coca-cola-a-short-history-125-years-booklet.pdf{{/footnote}} = |
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1.18 | 142 | |
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1.65 | 143 | (% style="margin-right:auto" summary="History of The Coca-Cola Company" %) |
| 144 | |=(% style="width: 122px;" %)Year|=(% style="width: 434px;" %)Particular | ||
| 145 | |(% style="width:122px" %)1886|(% style="width:434px" %)On May 8, Coca‑Cola is created by John S. Pemberton and served at Jacobs’ Pharmacy. Nine drinks a day are sold during this year. The name is chosen by the pharmacy accountant Frank Robinson. | ||
| 146 | |(% style="width:122px" %)1887|(% style="width:434px" %)John Pemberton registers his “Coca‑Cola Syrup and Extract” label as a copyright with the U.S. Patent Office. | ||
| 147 | |(% style="width:122px" %)1888|(% style="width:434px" %)Asa Candler begins to acquire personal control of the Coca‑Cola formula and patents from John Pemberton and his partners. | ||
| 148 | |(% style="width:122px" %)1892|(% style="width:434px" %)Asa Candler finalizes the purchase and incorporates The Coca‑Cola Company as a Georgia Corporation. | ||
| 149 | |(% style="width:122px" %)1893|(% style="width:434px" %)Company's second annual meeting and first dividend paid | ||
| 150 | |(% style="width:122px" %)1895|(% style="width:434px" %)Asa Candler declares in the Annual Report that Coca‑Cola is sold and drunk in every state and territory in the United States. | ||
| 151 | |(% style="width:122px" %)1901|(% style="width:434px" %)The advertising budget surpasses $100,000 for the first time. | ||
| 152 | |(% style="width:122px" %)1904|(% style="width:434px" %)Annual sales of Coca‑Cola hit the 1 million-gallon mark. | ||
| 153 | |(% style="width:122px" %)1906|(% style="width:434px" %)Bottling operations begin in Canada, Cuba and Panama, becoming the first three countries outside the United States to bottle Coca‑Cola | ||
| 154 | |(% style="width:122px" %)1911|(% style="width:434px" %)The annual advertising budget for The Coca‑Cola Company surpasses $1 million for the first time. | ||
| 155 | |(% style="width:122px" %)1912|(% style="width:434px" %)Bottling operation started in Philippines, first presence into Asia. | ||
| 156 | |(% style="width:122px" %)1916|(% style="width:434px" %)Asa Candler retires from the company. | ||
| 157 | |(% style="width:122px" %)1919|(% style="width:434px" %)The Coca‑Cola Company is purchased by a group of investors led by Ernest Woodruff for $25 million. | ||
| 158 | |(% style="width:122px" %)1920|(% style="width:434px" %)The Coca‑Cola Company moves to its current location on North Avenue in Atlanta. | ||
| 159 | |(% style="width:122px" %)1923|(% style="width:434px" %)Robert W. Woodruff is elected President of The Coca‑Cola Company, beginning more than six decades of leadership in the business. | ||
| 160 | |(% style="width:122px" %)1930|(% style="width:434px" %)The Coca‑Cola Export Corporation is created to market Coca‑Cola outside the United States. | ||
| 161 | |(% style="width:122px" %)1936|(% style="width:434px" %)The company celebrates its 50th birthday. | ||
| 162 | |(% style="width:122px" %)1938|(% style="width:434px" %)Coca‑Cola enters Australia, Austria, Norway and South Africa. | ||
| 163 | |(% style="width:122px" %)1939|(% style="width:434px" %)Robert Woodruff becomes Chairman of the Board. He serves until 1942. He later serves from 1952 to 1954. He serves as President of the Company from 1923 to 1939. | ||
| 164 | |(% style="width:122px" %)1941|(% style="width:434px" %)The first paper cups for Coca‑Cola are introduced. | ||
| 165 | |(% style="width:122px" %)1945|(% style="width:434px" %)“Coke” becomes a registered trademark of The Coca‑Cola Company. | ||
| 166 | |(% style="width:122px" %)1948|(% style="width:434px" %)Coca‑Cola is introduced in Egypt. | ||
| 167 | |(% style="width:122px" %)1950|(% style="width:434px" %)Coca‑Cola becomes the first product to appear on the cover of Time magazine. First television advertising for the company in the same year. | ||
| 168 | |(% style="width:122px" %)1955|(% style="width:434px" %)Fanta Orange is introduced in Naples, Italy, the first new product to be distributed by the Company. The Fanta line of flavored beverages comes to the United States in 1960. | ||
| 169 | |(% style="width:122px" %)1959|(% style="width:434px" %)Coca‑Cola is now distributed by a network of 1,700 bottlers, operating in more than 100 countries | ||
| 170 | |(% style="width:122px" %)1960|(% style="width:434px" %)The Coca‑Cola Company acquires The Minute Maid Corporation, adding a line of juice products to its portfolio. | ||
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1.67 | 171 | |(% style="width:122px" %)1961|(% style="width:434px" %)The company celebrates its 75th anniversary. |
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1.68 | 172 | |(% style="width:122px" %)1961|(% style="width:434px" %)Sprite, a lemon-lime beverage, is introduced on February 1. |
| 173 | |(% style="width:122px" %)1963|(% style="width:434px" %)TaB, the first diet drink produced by the Company, is launched. | ||
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1.70 | 174 | |(% style="width:122px" %)1966|(% style="width:434px" %)Fresca, a citrus-flavored sugar-free soft drink, makes its debut. |
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1.71 | 175 | |(% style="width:122px" %)1968|(% style="width:434px" %)Bottling begins in Hungary, the Somali Republic and Yugoslavia. |
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1.72 | 176 | |(% style="width:122px" %)1969|(% style="width:434px" %)A new graphic look for the Coca‑Cola system is introduced, featuring a red-and-white color scheme and logo. |
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1.74 | 177 | |(% style="width:122px" %)1979|(% style="width:434px" %)The North Avenue Tower headquarters building is first occupied. |
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1.75 | 178 | |(% style="width:122px" %)1981|(% style="width:434px" %)The first bottling plant opens in China. By 2010, the Company had opened more than 40 bottling plants in the country. |
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1.82 | 179 | |(% style="width:122px" %)1985|(% style="width:434px" %)Bottling operations begin in Russia; the formula for Coca‑Cola is changed for the first time in 99 years. The product, popularly dubbed “New Coke,” generated consumer protest nationwide. Product made with the original formula, renamed “Coca‑Cola Classic,” is returned to the market 79 days later |
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1.80 | 180 | |(% style="width:122px" %)1999|(% style="width:434px" %)The Coca‑Cola Company acquires Peruvian soft drink Inca Kola and Schweppes beverages in many markets around the world. |
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1.82 | 181 | |(% style="width:122px" %)2001|(% style="width:434px" %)The Coca‑Cola Company and Nestlé create a new company, Beverage Partners Worldwide, to market readyto-serve coffee and tea beverages; the Coca‑Cola Company acquires Odwalla Inc., a producer of premium refrigerated fruit beverages. |
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1.84 | 182 | |(% style="width:122px" %)2007|(% style="width:434px" %)The Coca‑Cola Company acquires Energy Brands Inc. (glacéau), maker of vitaminwater and smartwater. |
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1.86 | 183 | |(% style="width:122px" %)2011|(% style="width:434px" %)The Coca‑Cola Company celebrates 125 years of brand Coca‑Cola. |
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1.88 | 184 | |(% style="width:122px" %)2013|(% style="width:434px" %)The first EKOCENTER is established. EKOCENTER is a modular community market that is run by local woman entrepreneurs and provides safe drinking water, wireless communication, electricity and other functionality to jump-start entrepreneurship opportunities and community development. |
| 185 | |(% style="width:122px" %)2017|(% style="width:434px" %)In 2017, Forbes ranked Coca-Cola as one of the top five most valuable brands worldwide. | ||
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1.102 | 186 | |(% style="width:122px" %)2021|(% style="width:434px" %)((( |
| 187 | In February, as a plan to combat plastic waste, Coca-Cola said that it would start selling its sodas in bottles made from 100% recycled plastic material in the United States, and by 2030 planned to recycle one bottle or can for each one it sold. | ||
| 188 | ))) | ||
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1.18 | 189 | |
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7.2 | 190 | {{putFootnotes/}} |
