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What were some of the big changes? What drove these changes you will likely need tolook through their earnings release to find out more. Some

What were some of the big changes?

What drove these changes you will likely need tolook through their earnings release to find out more.

Some drivers of changes in revenuecan include: volume changes higher/lower shipments, price changes higher/lower per unitprices, mix changes selling higher margin projects or lower margin.

Changes in cost ofsales can include volume changes, input price changes i.e. labor costs, raw material cost, transportation costs, fuel costs, etc. Some companies include a waterfall or a comparisonand break out the changes to the income statement in an earnings presentation

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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions 12 Months Ended Dec. 31, 2021 Dec. 31, 2020 H.Analysis V. Analysis V. Analysis Difference %Difference Net Operating Revenues S 38,655.00 100.00% $ 33,014.00 1.00 $ 5,641.00 17.09% Cost of goods sold 15357 39.73% 13433 $ 0.41 $ 1,924.00 14.32% Gross Profit 23298 60.27% 19581 $ 0.59 $ 3,717.00 18.98% Selling, general and administrative expenses 12144 31.42% 9731 $ 0.29 $ 2,413.00 24.80% Other operating charges 846 2.19% 853 $ 0.03 $ (7.00) -0.82% Operating Income 10308 26.67% 8997 $ 0.27 1,311.00 14.57% Interest income 276 0.71% 370 $ 0.01 $ (94.00) -25.41% Interest expense 1597 4.13% 1437 $ 0.04 160.00 11.13% Equity income (loss) - net 1438 3.72% 978 $ 0.03 S 460.00 47.03% Other income (loss) - net 2000 5.17% 841 0.03 $ 1,159.00 137.81% Income Before Income Taxes 12425 32.14% 9749 $ 0.30 $ 2,676.00 27.45% Income taxes 2621 6.78% 1981 $ 0.06 640.00 32.31% Consolidated Net Income 9804 25.36% 7768 $ 0.24 $ 2,036.00 26.21% Less: Net income (loss) attributable to noncontrolling interests 33 0.09% 21 $ 0.00 $ 12.00 57.14% Net Income Attributable to Shareowners of The Coca-Cola Company S 9,771.00 25.28% $ 7,747.00 $ 0.23 $ 2,024.00 26.13% Basic Net Income Per Share1 2.26 0.01% $ 1.80 $ 0.00 0.46 25.56% Diluted Net Income Per Share1 2.25 0.01% $ 1.79 S 0.00 0.46 25.70% Average Shares Outstanding - Basic 4315 11.16% 4295 $ 0.13 20 0.47% Effect of dilutive securities 25 0.06% 28 $ 0.00 -3 -10.71% Average Shares Outstanding - Diluted 4340 11.23% 4323 $ 0.13 17 0.39%

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