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THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY 2010 2009 2008 2,303 (49) 38 2.292 550 2312 (26) 17 2303 880 2,318 (15) 12 2312 $ 5 $ 7966 339 7370 324 8,337 888 237 48 380 10,087 (6) 238 8,537 (0 208 7,966 41.37 38,513 11.09 (468) 49,248 6R24 (3 800) 41.537 36,235 (6) 5801 (3.521) 18,513 Year Ended December 31 (In millions except per share data) EQUITY AT TRIISUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY NUMBER OF COMMON SHARES OUTSTANDING Balance at beginning of year Purchases of treasury stock Treasury stack issued to enployees exercising stock options Balance at end of year COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employecs related to stock compensation plans Replacement share used awards issued in connection with an acquisition The benefit (charge) from employees' stock option and restricted stock plans Stock-based compensation Balance at end of year REINVESTED EARNINGS Balance at heginning of year Cumulative effect of the adoption of new accounting guidance for persion and other postretirement plares Net income attributable to shareowners of The Coca-Cola Company Dividends (per share --- $1.76, S1,64 and 51.52 in 2010, 2009 and 2006, respectively) Balance at end of year ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Balance at beginning of year Net foreign curency translation adjustsent Net pain (s) on derivatives Net change in unrealised gain on available-for-sale securities Net change in pension liability Net other comprehensive income (low) Balance at end of year TREASURY STOCK Balance at beginning of year Stock Issued to employees related to stock compensation plans Purchases of treasury stock Balance at end of year TOTAL EQUITY ATTRIBUTABLE TO STAREOWNERS OF THE COCA COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS Balance at beginning of year Net Income attributable to noncontrolling interests Net foreign currency translation adjustment Dividends paid to noncontrolling interests Contributions by non controlling Interests Increase due to business binations Deconolidation of certain vailable interesteauties TOTAL EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS COMPREHENSIVE INCOME Consolidated net income Consolidated net other comprehensive Income (los) CONSOLIDATED COMIREHENSIVE INCOME 026 (2,285) (737) (935) (120) 102 260 (683) (1.450) (2674) 1824 34 (52) 111 1917 (757) (44) (972) (3,300) (2,674) (25,398) (3,188) (27,762) $ 31,000 (24213) (23,375) 333 243 (1518) (1,081) (25398) (24,210) 24.799 20,473 $ $ $ 347 so (12) (12) 390 82 49 342 67 = | (253) 314 (5) 390 547 $ 11,99 (785) $ 11,154 6.006 1966 58872 $ 5,874 (3,325) $ 2,549 The following is an example of a cash flow statement (Coca-Cola's cash flow statement for the year ending December 31, 2010): THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS 2010 2009 2008 380 11849 $ 6,906 $ 5,874 1:443 1,236 1,228 241 266 617 353 (360) 1671 (359) 1,128 151 1615 (43) (130) 4,713) 264 134 209 177 221 153 370 (566) (755) 9,532 &186 7571 Year Ended December 31. (In million) OPERATING ACTIVITIES Consolidated net income Depreciation and amortization Stock-based compensation expense Deferred income tares Equity (income) loss act of dividends Foreign currency adjustments Significant (gains) losses on sales of assets net Other significant (gains) losses - net Other operating charges Other items Net change in operating assets and liabilities Net cash provided by operating activities INVESTING ACTIVITIES Purchases of short-term investments Proceeds from disposals of short-term investment Acquisitions and investments Purchases of other investments Proceeds from disposals o bottling companies and other investments Purchases of property, plant and equipment Proceeds from disposals of property, plant and equipment Other investing actirities Net cash provided by used in) investing activities FINANCING ACTIVITIES Issuances of debt Payments of debt Issuances of stock Purchases of stock for treasury Dividends Other financing activities Net cash provided by used in) financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS Net increase (decrease) during the year Balance at beginning of year Balance at end of year (4.579 4032 2.511 (132) 972 2215 134 2130) (300) (22) 240 (1,993) 104 (48) (4,149) (759) (240) 479 (1968) 120 (4) (2,363) 4.405 15251 (13,463 1666 2.4.1 (4518 50 14,689 4,337 (12,326) (4,308) 664 595 (1,518) (1,079) (3,800) (3,521) (2) (9) (2,293) (3,985) 576 (615) (345 (166 1.496 2,320 608 7021 4701 4,093 8.517 5 7,021 $ 4701 S THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2010 2009 $ 8,517 $ 7,021 2.682 2,130 11,199 9,151 138 62 4,430 3,758 2,650 2,354 3,162 2,226 21,579 17,551 6,954 6,217 631 538 2,121 1,976 14,727 9,561 6,356 6,183 7,511 1,953 11.665 4,224 1,377 468 $ 72,921 $ 48,671 December 31 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of S18 and , respectively Inventories Prepaid expenses and other assets TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT -net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, S0.25 par value; Authorized - 5.600 shares; Issued - 3,520 and 3,520 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost - 1,228 and 1,217 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $ 8.859 8,100 1,276 273 18,508 14,041 4,794 4,261 6,657 6,749 51 264 13,721 5,059 2,965 1,580 880 880 10,037 8,537 49,278 41,537 (1,450) (757) (27,762) (25,398) 31,003 24,799 314 547 31,317 25,346 $ 72,921 $ 48,671 The following is an example of an income statement (Coca-Cola's income statement for the year ending December 31, 2010): THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2010 2009 2008 Year Ended December 31. (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling, general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (loss) - net Other income (loss) - net INCOME BEFORE INCOME TAXES Income taxes CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE! DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING Effect of dilutive securities AVERAGE SHARES OUTSTANDING ASSUMING DILUTION $ 35,119 $ 30,990 $ 31,944 12,693 11,088 11,374 22,426 19,902 20,570 13,158 11,358 11,774 819 313 350 8,449 8,231 8,446 317 249 333 733 355 438 1,025 781 (874) 5,185 40 39 14,243 8,946 7506 2,384 2,040 1.632 11,859 6,906 5,874 50 82 67 $ 11,809 $ 6,824 $ 5,807 $ 5.12 $ 2.95 $ 2.51 $ 5.06 $ 2.93 $ 2.49 2,308 2.314 2,315 25 15 21 2,329 2,336 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2010 2009 2005 (874) Year Ended December 31 (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (los) - net Other income (los)-net INCOME BEFORE INCOME TAXES Income taxes CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE! DILUTED NET INCOME PER SHARE! AVERAGE SHARES OUTSTANDING Effect of dilutive securities AVERAGE SHARES OUTSTANDING ASSUMING DILUTION $ 35,119 $ 30,990 $ 31,944 12,693 11,088 11,374 22.426 19,902 20,570 13.158 11,358 11,774 819 313 350 8,449 8,231 8,446 317 249 333 733 355 438 1,023 781 5,185 40 39 14,243 8,946 7,506 2,384 2,040 1,632 11.859 6,906 5,874 SO 82 67 $ 11,809 $ 6,824 $ 5,807 $ 5.12 $ 2.95 S 2.51 5 3.06 $ 2.93 s 2.49 2,308 2,314 2,315 25 15 21 2.333 2.329 2,336 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY 2010 2009 2008 2,303 (49) 38 2.292 550 2312 (26) 17 2303 880 2,318 (15) 12 2312 $ 5 $ 7966 339 7370 324 8,337 888 237 48 380 10,087 (6) 238 8,537 (0 208 7,966 41.37 38,513 11.09 (468) 49,248 6R24 (3 800) 41.537 36,235 (6) 5801 (3.521) 18,513 Year Ended December 31 (In millions except per share data) EQUITY AT TRIISUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY NUMBER OF COMMON SHARES OUTSTANDING Balance at beginning of year Purchases of treasury stock Treasury stack issued to enployees exercising stock options Balance at end of year COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employecs related to stock compensation plans Replacement share used awards issued in connection with an acquisition The benefit (charge) from employees' stock option and restricted stock plans Stock-based compensation Balance at end of year REINVESTED EARNINGS Balance at heginning of year Cumulative effect of the adoption of new accounting guidance for persion and other postretirement plares Net income attributable to shareowners of The Coca-Cola Company Dividends (per share --- $1.76, S1,64 and 51.52 in 2010, 2009 and 2006, respectively) Balance at end of year ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Balance at beginning of year Net foreign curency translation adjustsent Net pain (s) on derivatives Net change in unrealised gain on available-for-sale securities Net change in pension liability Net other comprehensive income (low) Balance at end of year TREASURY STOCK Balance at beginning of year Stock Issued to employees related to stock compensation plans Purchases of treasury stock Balance at end of year TOTAL EQUITY ATTRIBUTABLE TO STAREOWNERS OF THE COCA COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS Balance at beginning of year Net Income attributable to noncontrolling interests Net foreign currency translation adjustment Dividends paid to noncontrolling interests Contributions by non controlling Interests Increase due to business binations Deconolidation of certain vailable interesteauties TOTAL EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS COMPREHENSIVE INCOME Consolidated net income Consolidated net other comprehensive Income (los) CONSOLIDATED COMIREHENSIVE INCOME 026 (2,285) (737) (935) (120) 102 260 (683) (1.450) (2674) 1824 34 (52) 111 1917 (757) (44) (972) (3,300) (2,674) (25,398) (3,188) (27,762) $ 31,000 (24213) (23,375) 333 243 (1518) (1,081) (25398) (24,210) 24.799 20,473 $ $ $ 347 so (12) (12) 390 82 49 342 67 = | (253) 314 (5) 390 547 $ 11,99 (785) $ 11,154 6.006 1966 58872 $ 5,874 (3,325) $ 2,549 The following is an example of a cash flow statement (Coca-Cola's cash flow statement for the year ending December 31, 2010): THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS 2010 2009 2008 380 11849 $ 6,906 $ 5,874 1:443 1,236 1,228 241 266 617 353 (360) 1671 (359) 1,128 151 1615 (43) (130) 4,713) 264 134 209 177 221 153 370 (566) (755) 9,532 &186 7571 Year Ended December 31. (In million) OPERATING ACTIVITIES Consolidated net income Depreciation and amortization Stock-based compensation expense Deferred income tares Equity (income) loss act of dividends Foreign currency adjustments Significant (gains) losses on sales of assets net Other significant (gains) losses - net Other operating charges Other items Net change in operating assets and liabilities Net cash provided by operating activities INVESTING ACTIVITIES Purchases of short-term investments Proceeds from disposals of short-term investment Acquisitions and investments Purchases of other investments Proceeds from disposals o bottling companies and other investments Purchases of property, plant and equipment Proceeds from disposals of property, plant and equipment Other investing actirities Net cash provided by used in) investing activities FINANCING ACTIVITIES Issuances of debt Payments of debt Issuances of stock Purchases of stock for treasury Dividends Other financing activities Net cash provided by used in) financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS Net increase (decrease) during the year Balance at beginning of year Balance at end of year (4.579 4032 2.511 (132) 972 2215 134 2130) (300) (22) 240 (1,993) 104 (48) (4,149) (759) (240) 479 (1968) 120 (4) (2,363) 4.405 15251 (13,463 1666 2.4.1 (4518 50 14,689 4,337 (12,326) (4,308) 664 595 (1,518) (1,079) (3,800) (3,521) (2) (9) (2,293) (3,985) 576 (615) (345 (166 1.496 2,320 608 7021 4701 4,093 8.517 5 7,021 $ 4701 S THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2010 2009 $ 8,517 $ 7,021 2.682 2,130 11,199 9,151 138 62 4,430 3,758 2,650 2,354 3,162 2,226 21,579 17,551 6,954 6,217 631 538 2,121 1,976 14,727 9,561 6,356 6,183 7,511 1,953 11.665 4,224 1,377 468 $ 72,921 $ 48,671 December 31 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of S18 and , respectively Inventories Prepaid expenses and other assets TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS, PRINCIPALLY BOTTLING COMPANIES OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT -net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, S0.25 par value; Authorized - 5.600 shares; Issued - 3,520 and 3,520 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost - 1,228 and 1,217 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $ 8.859 8,100 1,276 273 18,508 14,041 4,794 4,261 6,657 6,749 51 264 13,721 5,059 2,965 1,580 880 880 10,037 8,537 49,278 41,537 (1,450) (757) (27,762) (25,398) 31,003 24,799 314 547 31,317 25,346 $ 72,921 $ 48,671 The following is an example of an income statement (Coca-Cola's income statement for the year ending December 31, 2010): THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2010 2009 2008 Year Ended December 31. (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling, general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (loss) - net Other income (loss) - net INCOME BEFORE INCOME TAXES Income taxes CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE! DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING Effect of dilutive securities AVERAGE SHARES OUTSTANDING ASSUMING DILUTION $ 35,119 $ 30,990 $ 31,944 12,693 11,088 11,374 22,426 19,902 20,570 13,158 11,358 11,774 819 313 350 8,449 8,231 8,446 317 249 333 733 355 438 1,025 781 (874) 5,185 40 39 14,243 8,946 7506 2,384 2,040 1.632 11,859 6,906 5,874 50 82 67 $ 11,809 $ 6,824 $ 5,807 $ 5.12 $ 2.95 $ 2.51 $ 5.06 $ 2.93 $ 2.49 2,308 2.314 2,315 25 15 21 2,329 2,336 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2010 2009 2005 (874) Year Ended December 31 (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (los) - net Other income (los)-net INCOME BEFORE INCOME TAXES Income taxes CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE! DILUTED NET INCOME PER SHARE! AVERAGE SHARES OUTSTANDING Effect of dilutive securities AVERAGE SHARES OUTSTANDING ASSUMING DILUTION $ 35,119 $ 30,990 $ 31,944 12,693 11,088 11,374 22.426 19,902 20,570 13.158 11,358 11,774 819 313 350 8,449 8,231 8,446 317 249 333 733 355 438 1,023 781 5,185 40 39 14,243 8,946 7,506 2,384 2,040 1,632 11.859 6,906 5,874 SO 82 67 $ 11,809 $ 6,824 $ 5,807 $ 5.12 $ 2.95 S 2.51 5 3.06 $ 2.93 s 2.49 2,308 2,314 2,315 25 15 21 2.333 2.329 2,336