Perform financial analysis of the financial statement of Coca Cola of years 2018 by applying different financial ratios and interpreting the results:

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Liquidity Ratio

Current ratio

Quick ratio

Leverage Ratio

Debt to total asset ratio

Debt to equity ratio

Long term debt to total ratio

Times interest earned ratio

Activity Ratios

Inventory turnover

Fixed Assets turnover

Total Assets turnover

Accounts Receivable turnover

Average Collection Period

Profitability Ratios

Gross Profit Margin

Operating Profit Margin

Net Profit Margin

Return on total Assets (ROA)

Return on Stockholders Equity (ROE)

Earnings Per Share (EPS)

Price-Earnings Ratio

Growth Ratios

Sales

Net Income

Earnings Per Share

Dividends Per Share

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY 2018 2017 2016 4,259 4,288 4.324 48 53 SO (39) (82) 4,268 4,259 4.288 $ 1,760 $ 1,760 $ 1,760 (86) 15,864 467 14,993 655 14,016 589 130 258 225 (36) 16.520 219 (3) 15,864 14,993 65,502 65,018 Year Ended December 31, (In millions except per share data) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY NUMBER OF COMMON SHARES OUTSTANDING Balance at beginning of year Treasury stock issued to employees related to stock compensation plans Purchases of stock for treasury Balance at end of year COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employees related to stock compensation plans Tax benefit (charge) from stock compensation plans Stock-based compensation expense Other activities Balance at end of year REINVESTED EARNINGS Balance at beginning of year Adoption of accounting standards Net income attributable to shareowners of The Coca-Cola Company Dividends (per share - $1.56, $1.48 and $1.40 in 2018, 2017 and 2016, respectively) Balance at end of year ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Balance at beginning of year Adoption of accounting standards! Net other comprehensive income (loss) Balance at end of year TREASURY STOCK Balance at beginning of year Treasury stock issued to employees related to stock compensation plans Purchases of stock for treasury Balance at end of year TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS 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 adjustments Dividends paid to noncontrolling interests Contributions by noncontrolling interests Business combinations Deconsolidation of certain entities Other activities TOTAL EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 60,430 3,014 6,434 (6,644) 63,234 1,248 (6,320) 60,430 6,527 (6,043) 65,502 (10,305) (11,205) (10,174) (409) (2.100) 900 (1,031) (12,814) (10,305) (11,205) (50,677) (47,988) (45,066) 704 909 811 (1,746) (3,598) (3,733) (51,719) (50,677) (47,988) $ 16,981 $ 17,072 $ 23,062 210 23 $ 1,905 $ 42 53 (31) 158S 35 38 (15) (13) (25) 1 (34) 101 1,805 (157) 7 41 $ 2,077 $1,905 $ 158 2018 2017 2016 219 (856) $ 6,476 $ 1,283 $ 6.550 251 (101) 6,727 1,182 6,550 1,086 1.200 1,787 225 258 (450) (1.256) (457) (628) (449) (38) 281 158 189 1,459 1,146 558 1,218 647 682 (269) (224) (1,202) 3,464 (225) 7,320 6,030 8,702 (838) CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, (In millions) OPERATING ACTIVITIES Consolidated net income (Income) loss from discontinued operations Net income from continuing operations Depreciation and amortization Stock-based compensation expense Deferred income taxes Equity (income) loss-net of dividends Foreign currency adjustments Significant (gains) losses on sales of assets-net Other operating charges Other items Net change in operating assets and liabilities Net cash provided by operating activities INVESTING ACTIVITIES Purchases of investments Proceeds from disposals of investments Acquisitions of businesses, equity method investments and nonmarketable securities Proceeds from disposals of businesses, equity method investments and nonmarketable securities Purchases of property, plant and equipment Proceeds from disposals of property, plant and equipment Other investing activities Net cash provided by (used in) investing activities FINANCING ACTIVITIES Istances of debe Payments of debt Issuances of stock Purchases of stock for treasury Dividends Other financing activities Net casla provided by (used in) financing activities CASH FLOWS FROM DISCONTINUED OPERATIONS Net cash provided by (used in) operating activities from discontinued operations Net cash provided by (used in) investing activities from discontinued operations Net cash provided by (used in) financing activities from discontinued operations Net cash provided by (used in) discontinued operations EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS CASH, CASH EQUIVALENTS, KESTRICTED CASH AND KESTKICTED CASH EQUIVALENTS Net increase (decrease) in cash, cash equivalents, restricted cash and restricted each equivalents during the year Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year Less: Restricted cash and restricted cash equivalents at end of year Cash and cash equivalents at end of year (7,789) (17.296) (16,626) 14,977 16,694 17,842 (1.040) (3.809) 1,362 3.821 1.035 (1.347) (1.675) (2.262) 245 104 150 (60) (93) (305) 6,348 (2.254) (1,004) 27.119 (30,568) 1.476 (1,912) (6,644) (243) (10,552) 29857 27,281 (28,768) (25615) 1,595 1,434 (3.682) (3,681) (6,320) (6,043) (91) 79 (7,409) (6,545) 307 (421) 205 91 111 (58) (38) 15 (262) 241 2,945 (2.477) 1.238 6,373 8.850 7.612 9,318 6,373 8.850 392 367 295 $ 8,926 $ 6,006 $ 8.555 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2018 2017 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 $489 and $477, respectively Inventories Prepaid expenses and other assets Assets held for sale Assets held for sale -- discontinued operations TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS DEFERRED INCOME TAX 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 noter payable Current maturities of long-term debt Accrued income taxes Liabilities held for sale Liabilities held for sale - discontinued operations TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAX LIABILITIES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; Authorized - 11,200 shares; Issued -7,040 and 7,040 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, al cost - 2,772 and 2.781 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $ 8,926 $ 6,006 2.025 9,352 10,951 15.358 5,013 5,317 3,667 2.766 2,655 1.962 2.000 219 6,546 7,329 30,634 36,545 19,407 20,856 867 1,096 4,139 4,230 2.667 330 8.232 8,203 6,682 6,729 51 138 10,263 9.401 368 $ 83,216 $ 87,896 274 $ 8,932 $ 8,748 13,194 13,205 4.997 3.298 378 410 37 1.722 1,496 29,223 27,194 25,364 31,182 8,021 1,933 2,522 7,638 1,760 16,520 63,234 (12,814) (51,719) 16,981 2.077 19,058 $ 83,216 1,760 15,864 60,430 (10,305) (50,677) 17,072 1,905 18,977 S 87,896 2018 2017 2016 $ 6,476 $1,283 $6,550 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Year Ended December 31, (In millions) CONSOLIDATED NET INCOME Other comprehensive income: Net foreign currency translation adjustments Net gains (losses) on derivatives Net unrealized gains (losses) on available-for-sale securities Net change in pension and other benefit liabilities TOTAL COMPREHENSIVE INCOME Less: Comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY Refer to Notes to Consolidated Financial Statements. (2,035) (7) (34) 29 4,429 95 861 (433) 188 322 2.221 73 (626) (382) 17 (53) 5.506 10 $ 4,334 $2,148 $5,496 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2018 2017 2016 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 FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes from continuing operations NET INCOME FROM CONTINUING OPERATIONS Income (loss) from discontinued operations (net of income taxes of $126, $47 and 80, respectively) CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 31,856 $ 35,410 $ 41,863 11,770 13,255 16.465 20,086 22,155 25,398 10,307 12,654 15.370 1,079 1,902 1.371 8,700 7,599 8.657 682 677 642 919 841 733 1,008 835 (1.121) (1,764) (1.265) 8,350 6,742 8.136 1.623 5,560 1.586 6,727 1,182 6.550 1,071 (251) 6,476 42 101 1,283 35 6.550 23 $ 6,434 $1,248 $ 6.527 $ 1.51 0.02 $ 1.51 $ 1.49 Basic net income per share from continuing operations! Basic net income (loss) per share from discontinued operations BASIC NET INCOME PER SHARE Diluted net income per share from continuing operations! Diluted net income (loss) per share from discontinued operations DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING - BASIC Effect of dilutive securities AVERAGE SHARES OUTSTANDING - DILUTED 1.58 $ 0.28 $ (0.07) 1.51 $ 0.29 $ 1.57 $ 0.27 (0.07) 0.02 1.50 $ 0.29 $ 4,259 4,272 40 52 4.299 $ 1.49 4,317 50 4.367 'Cakulated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling interests. Calculated based on net income (los) from discontinued operations less net income from discontinued operations attributable to noncontrolling interests. Per chare amants dental de to munding Refer to Notes to Consolidated Financial Statements