Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 2018 20172016(In millions) OPERATING ACTIVITIES Consolidated net income $ 6,476 $

THE COCA-COLA COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31,201820172016(In millions)OPERATING ACTIVITIESConsolidated net income$ 6,476$ 1,283$ 6,550(Income) loss from discontinued operations251(101)Net income from continuing operations6,7271,1826,550Depreciation and amortization1,0861,2601,787Stock-based compensation expense225219258Deferred income taxes(450)(1,256)(856)Equity (income) loss net of dividends(457)(628)(449)Foreign currency adjustments(38)281158Significant (gains) losses on sales of assets net1891,4591,146Other operating charges5581,218647Other items682(269)(224)Net change in operating assets and liabilities(1,202)3,464(225)Net cash provided by operating activities7,3206,9308,792INVESTING ACTIVITIESPurchases of investments(7,789)(17,296)(16,626)Proceeds from disposals of investments14,97716,69417,842Acquisitions of businesses, equity method investments and nonmarketable securities(1,040)(3,809)(838)Proceeds from disposals of businesses, equity method investments and nonmarketable securities1,3623,8211,035Purchases of property, plant and equipment(1,347)(1,675)(2,262)Proceeds from disposals of property, plant and equipment245104150Other investing activities(60)(93)(305)Net cash provided by (used in) investing activities6,348(2,254)(1,004)FINANCING ACTIVITIESIssuances of debt27,33929,85727,281Payments of debt(30,568)(28,768)(25,615)Issuances of stock1,4761,5951,434Purchases of stock for treasury(1,912)(3,682)(3,681)Dividends(6,644)(6,320)(6,043)Other financing activities(243)(91)79Net cash provided by (used in) financing activities(10,552)(7,409)(6,545)CASH FLOWS FROM DISCONTINUED OPERATIONSNet cash provided by (used in) operating activities from discontinued operations307111Net cash provided by (used in) investing activities from discontinued operations(421)(58)Net cash provided by (used in) financing activities from discontinued operations205(38)Net cash provided by (used in) discontinued operations9115EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS,RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS(262)241(5)CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTSNet increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalentsduring the year2,945(2,477)1,238Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year6,3738,8507,612Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year9,3186,3738,850Less: Restricted cash and restricted cash equivalents at end of year392367295Cash and cash equivalents at end of year$ 8,926$ 6,006$ 8,555 Refer to Notes to Consolidated Financial Statements.

Refer to The Coca-Cola Company's consolidated statements of cash flows. What amount of depreciation and amortization did Coca-Cola record in 2018?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Managerial Accounting For Managers

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

5th Edition

1260570010, 9781260570014

More Books

Students also viewed these Accounting questions

Question

State the uses of job description.

Answered: 1 week ago

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago