KO financial statements

The full income statement, balance sheet, and cash-flow statement for Coca-Cola Company (KO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 4.31B2024-06 4.31B2024-09 4.31B2024-12 4.30B2025-03 4.30B2025-06 4.30B2025-09 4.30B2025-12 4.30B2026-04 4.30B-0.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	47.9B YoY+1.9%	47.1B YoY+2.9%	45.8B YoY+6.4%	43.0B YoY+11.3%	38.7B YoY+17.1%
	29.5B YoY+2.8%	28.7B YoY+5.5%	27.2B YoY+8.9%	25.0B YoY+7.3%	23.3B YoY+19.0%
Cost of revenue	18.4B YoY+0.4%	18.3B YoY-1.1%	18.5B YoY+2.9%	18.0B YoY+17.2%	15.4B YoY+14.3%
Selling, general & administrative	14.5B YoY-0.4%	14.6B YoY+4.4%	14.0B YoY+8.5%	12.9B YoY+6.1%	12.1B YoY+24.8%
Restructuring	—	—	—	38.0M	—
Amortization of intangibles	—	—	94.0M YoY-21.7%	120M YoY-27.3%	165M YoY-18.7%
Operating income	13.8B YoY+37.7%	9.99B YoY-11.7%	11.3B YoY+3.7%	10.9B YoY+5.8%	10.3B YoY+14.6%
Interest expense	1.65B YoY-0.1%	1.66B YoY+8.4%	1.53B YoY+73.1%	882M YoY-44.8%	1.60B YoY+11.1%
Interest & investment income	786M YoY-20.4%	988M YoY+8.9%	907M YoY+102.0%	449M YoY+62.7%	276M YoY-25.4%
Other non-operating income	1.07B YoY-46.1%	1.99B YoY+249.5%	570M YoY+317.6%	-262M YoY-113.1%	2.00B YoY+137.8%
Equity-method income	2.03B YoY+14.7%	1.77B YoY+4.7%	1.69B YoY+14.9%	1.47B YoY+2.4%	1.44B YoY+47.0%
Gain (loss) on equity securities	431M YoY+33.4%	323M YoY-12.9%	371M YoY+257.2%	-236M YoY-146.4%	509M YoY+248.6%
Pre-tax income	16.0B YoY+22.3%	13.1B YoY+1.0%	13.0B YoY+10.8%	11.7B YoY-5.9%	12.4B YoY+27.4%
Income tax	2.86B YoY+17.4%	2.44B YoY+8.4%	2.25B YoY+6.3%	2.12B YoY-19.3%	2.62B YoY+32.3%
	13.1B YoY+23.3%	10.6B YoY-0.8%	10.7B YoY+12.3%	9.54B YoY-2.3%	9.77B YoY+26.1%
Net income to non-controlling interest	30.0M YoY+66.7%	18.0M YoY+263.6%	-11.0M YoY-137.9%	29.0M YoY-12.1%	33.0M YoY+57.1%
	$3.04 YoY+23.6%	$2.46 YoY-0.4%	$2.47 YoY+12.8%	$2.19 YoY-2.7%	$2.25 YoY+25.7%
EPS (basic)	$3.05 YoY+23.5%	$2.47 YoY-0.4%	$2.48 YoY+12.7%	$2.20 YoY-2.7%	$2.26 YoY+25.6%
	4.30B YoY-0.1%	4.31B YoY-0.3%	4.32B YoY-0.1%	4.33B YoY+0.3%	4.32B YoY+0.5%
	4.31B YoY-0.2%	4.32B YoY-0.4%	4.34B YoY-0.3%	4.35B YoY+0.2%	4.34B YoY+0.4%
Dividends per share	$2.04 YoY+5.2%	$1.94 YoY+5.4%	$1.84 YoY+4.5%	$1.76 YoY+4.8%	$1.68 YoY+2.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	31.0B YoY+19.4%	26.0B YoY-2.7%	26.7B YoY+18.3%	22.6B YoY+0.2%	22.5B YoY+17.2%
Cash & equivalents	10.3B YoY-5.2%	10.8B YoY+15.6%	9.37B YoY-1.6%	9.52B YoY-1.7%	9.68B YoY+42.5%
Cash & short-term investments	13.9B YoY+8.0%	12.8B YoY+3.9%	12.4B YoY+17.1%	10.6B YoY-3.3%	10.9B YoY+27.6%
Accounts receivable	3.04B YoY-14.9%	3.57B YoY+4.7%	3.41B YoY-2.2%	3.49B YoY-0.7%	3.51B YoY+11.7%
Inventory	4.42B YoY-6.4%	4.73B YoY+6.9%	4.42B YoY+4.5%	4.23B YoY+24.0%	3.41B YoY+4.5%
Prepaid expenses	2.43B YoY-18.8%	3.00B YoY-42.7%	5.24B YoY+61.6%	3.24B YoY+8.2%	2.99B YoY+56.3%
	105B YoY+4.2%	101B YoY+2.9%	97.7B YoY+5.3%	92.8B YoY-1.7%	94.4B YoY+8.1%
Property, plant & equipment	9.61B YoY-6.7%	10.3B YoY+11.6%	9.24B YoY-6.1%	9.84B YoY-0.8%	9.92B YoY-8.0%
Operating lease right-of-use	1.70B YoY+43.6%	1.18B YoY-11.0%	1.33B YoY-5.5%	1.41B YoY-0.8%	1.42B YoY-8.4%
Goodwill	15.5B YoY-14.6%	18.1B YoY-1.2%	18.4B YoY-2.3%	18.8B YoY-3.0%	19.4B YoY+10.6%
Intangible assets	—	—	355M YoY-22.8%	460M YoY-19.9%	574M YoY+35.4%
Deferred tax assets	1.21B YoY-8.6%	1.32B YoY-15.5%	1.56B YoY-10.6%	1.75B YoY-18.0%	2.13B YoY-13.5%
Other non-current assets	14.7B YoY+9.6%	13.4B YoY+71.9%	7.80B YoY+26.0%	6.19B YoY-8.1%	6.73B YoY+8.8%
	21.3B YoY-15.7%	25.2B YoY+7.1%	23.6B YoY+19.5%	19.7B YoY-1.1%	19.9B YoY+36.6%
Accounts payable	5.65B YoY+3.3%	5.47B YoY-2.2%	5.59B YoY+5.3%	5.31B YoY+15.3%	4.60B YoY+30.9%
Accrued liabilities	14.8B YoY-31.8%	21.7B YoY+40.2%	15.5B YoY-1.7%	15.7B YoY+7.7%	14.6B YoY+31.2%
Short-term & current debt	1.82B YoY+181.2%	648M YoY-66.9%	1.96B YoY+391.2%	399M YoY-70.2%	1.34B YoY+175.9%
Current lease liability	321M YoY+10.7%	290M YoY-19.7%	361M YoY+5.9%	341M YoY+10.0%	310M YoY-3.7%
Long-term debt	42.1B YoY-0.6%	42.4B YoY+19.2%	35.5B YoY-2.3%	36.4B YoY-4.6%	38.1B YoY-5.0%
Non-current lease liability	1.40B YoY+51.8%	923M YoY-7.8%	1.00B YoY-10.1%	1.11B YoY-4.1%	1.16B YoY-10.7%
Operating lease liability (total)	1.72B YoY+42.0%	1.21B YoY-10.9%	1.36B YoY-6.3%	1.45B YoY-1.2%	1.47B YoY-9.3%
Deferred tax liabilities	2.41B YoY-2.6%	2.47B YoY-6.4%	2.64B YoY-9.4%	2.91B YoY+3.3%	2.82B YoY+53.9%
Other non-current liabilities	4.74B YoY+15.9%	4.08B YoY-51.8%	8.47B YoY+6.9%	7.92B YoY-8.0%	8.61B YoY-8.9%
	32.2B YoY+29.4%	24.9B YoY-4.2%	25.9B YoY+7.6%	24.1B YoY+4.8%	23.0B YoY+19.2%
Common stock	1.76B YoY+0.0%	1.76B YoY+0.0%	1.76B YoY+0.0%	1.76B YoY+0.0%	1.76B YoY+0.0%
Additional paid-in capital	20.6B YoY+3.9%	19.8B YoY+3.1%	19.2B YoY+2.1%	18.8B YoY+3.9%	18.1B YoY+2.9%
Retained earnings	80.4B YoY+5.7%	76.1B YoY+3.1%	73.8B YoY+3.9%	71.0B YoY+2.8%	69.1B YoY+3.8%
Treasury stock	56.4B YoY+0.9%	55.9B YoY+2.5%	54.5B YoY+3.7%	52.6B YoY+1.9%	51.6B YoY-0.7%
Accumulated other comprehensive income	-14.1B YoY+16.1%	-16.8B YoY-18.0%	-14.3B YoY+4.2%	-14.9B YoY-3.9%	-14.3B YoY+1.9%
Non-controlling interest	2.11B YoY+38.9%	1.52B YoY-1.5%	1.54B YoY-10.6%	1.72B YoY-7.5%	1.86B YoY-6.2%
Total equity incl. non-controlling	34.3B YoY+30.0%	26.4B YoY-4.0%	27.5B YoY+6.4%	25.8B YoY+3.9%	24.9B YoY+16.8%
Total liabilities & equity	105B YoY+4.2%	101B YoY+2.9%	97.7B YoY+5.3%	92.8B YoY-1.7%	94.4B YoY+8.1%
	7.04B YoY+0.0%	7.04B YoY+0.0%	7.04B YoY+0.0%	7.04B YoY+0.0%	7.04B YoY+0.0%
	4.30B YoY+0.0%	4.30B YoY-0.1%	4.31B YoY-0.5%	4.33B YoY+0.1%	4.33B YoY+0.5%
	4.30B YoY-0.0%	4.30B YoY-0.3%	4.31B YoY-0.3%	4.33B YoY-0.2%	4.34B YoY+0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	7.41B YoY+8.9%	6.80B YoY-41.3%	11.6B YoY+5.3%	11.0B YoY-12.7%	12.6B YoY+28.3%
Depreciation & amortization	1.05B YoY-2.3%	1.07B YoY-4.7%	1.13B YoY-10.5%	1.26B YoY-13.2%	1.45B YoY-5.5%
Intangible amortization	—	—	94.0M YoY-21.7%	120M YoY-27.3%	165M YoY-18.7%
Share-based compensation	279M YoY-2.4%	286M YoY+12.6%	254M YoY-28.7%	356M YoY+5.6%	337M YoY+167.5%
Deferred income taxes	517M YoY+4800.0%	-11.0M YoY-450.0%	-2.00M YoY+98.4%	-122M YoY-113.6%	894M YoY+5066.7%
Change in receivables	-334M YoY-213.2%	295M YoY+14650.0%	2.00M YoY-97.1%	69.0M YoY-69.3%	225M YoY+125.5%
Change in inventory	154M YoY-70.4%	520M YoY-12.9%	597M YoY-37.8%	960M YoY+611.1%	135M YoY+236.4%
Other operating activities	1.05B YoY-73.7%	4.00B YoY+129.8%	1.74B YoY+60.3%	1.09B YoY+114.6%	506M YoY-9.0%
	-67.0M YoY-102.7%	2.52B YoY+175.4%	-3.35B YoY-338.9%	-763M YoY+72.4%	-2.77B YoY-87.2%
Capital expenditure	2.11B YoY+2.3%	2.06B YoY+11.4%	1.85B YoY+24.8%	1.48B YoY+8.6%	1.37B YoY+16.1%
Free cash flow	5.30B YoY+11.7%	4.74B YoY-51.4%	9.75B YoY+2.2%	9.53B YoY-15.3%	11.3B YoY+29.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Proceeds from sale of PP&E	13.0M YoY-67.5%	40.0M YoY-45.9%	74.0M YoY-1.3%	75.0M YoY-30.6%	108M YoY-42.9%
Other investing activities	-91.0M YoY+53.1%	-194M YoY-397.4%	-39.0M YoY+94.5%	-706M YoY-1284.3%	-51.0M YoY+58.2%
	-8.14B YoY-17.8%	-6.91B YoY+16.8%	-8.31B YoY+18.9%	-10.3B YoY-51.0%	-6.79B YoY+15.9%
Long-term debt issued	4.98B YoY-58.7%	12.1B YoY+75.0%	6.89B YoY+73.5%	3.97B YoY-69.7%	13.1B YoY-51.4%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	313M YoY-58.1%	747M YoY+38.6%	539M YoY-35.6%	837M YoY+19.2%	702M YoY+8.5%
Common stock repurchased	746M YoY-58.4%	1.79B YoY-21.6%	2.29B YoY+61.4%	1.42B YoY+1177.5%	111M YoY-5.9%
Dividends paid	8.78B YoY+5.0%	8.36B YoY+5.1%	7.95B YoY+4.4%	7.62B YoY+5.0%	7.25B YoY+2.9%
Other financing activities	-279M YoY-800.0%	-31.0M YoY+93.3%	-465M YoY+57.5%	-1.09B YoY-210.2%	-353M YoY-213.9%
FX effect on cash	321M YoY+151.5%	-623M YoY-753.4%	-73.0M YoY+64.4%	-205M YoY-28.9%	-159M YoY-309.2%
Net change in cash	-478M YoY-126.6%	1.80B YoY+1450.4%	-133M YoY+33.5%	-200M YoY-106.9%	2.92B YoY+681.5%
Interest paid	1.72B YoY+3.3%	1.67B YoY+18.0%	1.42B YoY+66.9%	848M YoY+14.9%	738M YoY-21.1%
Income taxes paid	2.87B YoY-11.9%	3.26B YoY+26.4%	2.58B YoY+7.4%	2.40B YoY+10.8%	2.17B YoY+71.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	301B YoY+12.3%	268B YoY+5.1%	255B YoY-7.4%	275B YoY+7.2%	257B YoY+8.6%
P/E	22.9× YoY-8.9%	25.2× YoY+6.5%	23.7× YoY-14.7%	27.7× YoY+5.5%	26.3× YoY-13.9%
P/S	6.3× YoY+10.2%	5.7× YoY+0.6%	5.7× YoY-12.9%	6.5× YoY-2.2%	6.6× YoY-7.2%
P/B	9.3× YoY-13.2%	10.8× YoY+11.3%	9.7× YoY-19.8%	12.1× YoY+8.1%	11.2× YoY-8.9%
P/FCF	56.8× YoY+0.5%	56.5× YoY+125.5%	25.1× YoY-8.5%	27.4× YoY+20.1%	22.8× YoY-16.4%
	4.4% YoY+9.8%	4.0% YoY-6.1%	4.2% YoY+17.2%	3.6% YoY-5.2%	3.8% YoY+16.1%
	1.8% YoY-0.5%	1.8% YoY-55.6%	4.0% YoY+9.3%	3.7% YoY-16.7%	4.4% YoY+19.6%
	2.9% YoY-6.4%	3.1% YoY-0.2%	3.1% YoY+12.8%	2.8% YoY-2.5%	2.8% YoY-5.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: KO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KO filings on SEC EDGAR → Not investment advice.