explain the income statement in words

 

Coca Cola CO. (KO): NYSE Marjani Addison

1.

*(in millions)	Net Sales	Cost of Goods Sold	Gross Profit
2022	16,084	18,000	25,004
2021	14,471	15,357	23,298
2020	13,041	13,433	19,581

2. Corporate Income Tax Rate

2022: 18.1%

2021: 21.1%

2020: 20.3%

3. Accumulated Other Expense Income (Loss)

2022: $14,895 million

2021: $14,330 million

4. Items under Other Comprehensive Income Loss

• Net foreign currency translation adjustments
• Net gain (losses) on derivatives
• Net change in unrealized gains (losses) on available-for-sale-debt securities
• Net change in pension and other post retirement benefit liabilities

5. Total Comprehensive Income Attributable to Shareowners of the Coco-cola company

2022: $8977 million

2021: $10,042 million

2020: $6,690 million