Attached files
| file | filename |
|---|---|
| 8-K - 8-K - COCA COLA CO | a20120823form8-k.htm |
Exhibit 99.1
Supplemental Financial Information of The Coca-Cola Company
As previously announced, the shareowners of The Coca-Cola Company (the "Company") approved an amendment to the Company's certificate of incorporation to increase the number of authorized shares of common stock from 5.6 billion to 11.2 billion and effect a two-for-one stock split of the common stock. The record date for the stock split was July 27, 2012, and the additional shares were distributed on August 10, 2012. Each shareowner of record on the close of business on the record date received one additional share of common stock for each share held.
The following table sets forth, as supplemental information, adjusted share and per share data that reflects the impact of the Company's stock split (in millions except per share data):
20111 | 2012 | ||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | |||||||||||||||||||||
Net income attributable to shareowners of The Coca-Cola Company | $ | 1,903 | $ | 2,800 | $ | 2,224 | $ | 1,657 | $ | 8,584 | $ | 2,054 | $ | 2,788 | |||||||||||||
Basic net income per share | $ | 0.42 | $ | 0.61 | $ | 0.49 | $ | 0.37 | $ | 1.88 | $ | 0.45 | $ | 0.62 | |||||||||||||
Diluted net income per share | $ | 0.41 | $ | 0.60 | $ | 0.48 | $ | 0.36 | $ | 1.85 | $ | 0.45 | $ | 0.61 | |||||||||||||
Average shares outstanding | 4,585 | 4,580 | 4,571 | 4,536 | 4,568 | 4,525 | 4,511 | ||||||||||||||||||||
Effect of dilutive securities | 77 | 80 | 82 | 75 | 78 | 76 | 81 | ||||||||||||||||||||
Average shares outstanding assuming dilution | 4,662 | 4,660 | 4,653 | 4,611 | 4,646 | 4,601 | 4,592 | ||||||||||||||||||||
Note: Certain rows may not add due to rounding. Certain amounts may not recalculate using the rounded dollar amounts provided.
1 | Effective January 1, 2012, the Company elected to change our accounting methodology for determining the market-related value of assets for our U.S. qualified defined benefit pension plans. The Company's change in accounting methodology has been applied retrospectively, and we have adjusted all prior period financial information presented herein as required. |
The following table sets forth, as supplemental information, adjusted per share data after considering items impacting comparability (non-GAAP) that reflects the impact of the Company's stock split (in millions except per share data):
20111 | 2012 | ||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | |||||||||||||||||||||
Net income attributable to shareowners of The Coca-Cola Company after considering items impacting comparability (non-GAAP) | $ | 1,997 | $ | 2,725 | $ | 2,401 | $ | 1,821 | $ | 8,944 | $ | 2,048 | $ | 2,791 | |||||||||||||
Diluted net income per share after considering items impacting comparability (non-GAAP) | $ | 0.43 | $ | 0.58 | $ | 0.52 | $ | 0.39 | $ | 1.92 | $ | 0.44 | $ | 0.61 | |||||||||||||
Note: Certain rows may not add due to rounding. Certain amounts may not recalculate using the rounded dollar amounts provided.
1 | Effective January 1, 2012, the Company elected to change our accounting methodology for determining the market-related value of assets for our U.S. qualified defined benefit pension plans. The Company's change in accounting methodology has been applied retrospectively, and we have adjusted all prior period financial information presented herein as required. |
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The following tables set forth the items considered in the calculation of the adjusted per share data after considering items impacting comparability (non-GAAP) set forth in the table above as well as a reconciliation of adjusted per share data after considering items impacting comparability (non-GAAP) to the reported (GAAP) adjusted per share data (in millions except per share data):
20111 | 2012 | ||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | |||||||||||||||||||||
Net income attributable to shareowners of The Coca-Cola Company (GAAP) | $ | 1,903 | $ | 2,800 | $ | 2,224 | $ | 1,657 | $ | 8,584 | $ | 2,054 | $ | 2,788 | |||||||||||||
Items impacting comparability: | |||||||||||||||||||||||||||
Asset impairments/restructuring | 29 | 50 | 20 | 55 | 154 | 15 | 15 | ||||||||||||||||||||
Productivity and reinvestment | — | — | — | — | — | 40 | 34 | ||||||||||||||||||||
Productivity initiatives | 19 | 17 | 16 | 55 | 107 | (1 | ) | (1 | ) | ||||||||||||||||||
Equity investees | 3 | — | 31 | 11 | 45 | (40 | ) | — | |||||||||||||||||||
CCE transaction | 74 | 43 | 34 | 90 | 241 | — | — | ||||||||||||||||||||
Transaction gains | (66 | ) | (219 | ) | 6 | (38 | ) | (317 | ) | — | (59 | ) | |||||||||||||||
Certain tax matters | 3 | 16 | (4 | ) | (22 | ) | (7 | ) | (8 | ) | (25 | ) | |||||||||||||||
Other items | 32 | 18 | 74 | 13 | 137 | (12 | ) | 39 | |||||||||||||||||||
Net income attributable to shareowners of The Coca-Cola Company after considering items impacting comparability (non-GAAP) | $ | 1,997 | $ | 2,725 | $ | 2,401 | $ | 1,821 | $ | 8,944 | $ | 2,048 | $ | 2,791 | |||||||||||||
Average shares outstanding assuming dilution | 4,662 | 4,660 | 4,653 | 4,611 | 4,646 | 4,601 | 4,592 | ||||||||||||||||||||
Diluted net income per share after considering items impacting comparability (non-GAAP) | $ | 0.43 | $ | 0.58 | $ | 0.52 | $ | 0.39 | $ | 1.92 | $ | 0.44 | $ | 0.61 | |||||||||||||
Note: Certain rows may not add due to rounding. Certain amounts may not recalculate using the rounded dollar amounts provided.
1 | Effective January 1, 2012, the Company elected to change our accounting methodology for determining the market-related value of assets for our U.S. qualified defined benefit pension plans. The Company's change in accounting methodology has been applied retrospectively, and we have adjusted all prior period financial information presented herein as required. |
20111 | 2012 | ||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | |||||||||||||||||||||
Diluted net income per share (GAAP) | $ | 0.41 | $ | 0.60 | $ | 0.48 | $ | 0.36 | $ | 1.85 | $ | 0.45 | $ | 0.61 | |||||||||||||
Cumulative per share adjustment for items impacting comparability | $ | 0.02 | $ | (0.02 | ) | $ | 0.04 | $ | 0.03 | $ | 0.07 | $ | (0.01 | ) | $ | 0.00 | |||||||||||
Diluted net income per share after considering items impacting comparability (non-GAAP) | $ | 0.43 | $ | 0.58 | $ | 0.52 | $ | 0.39 | $ | 1.92 | $ | 0.44 | $ | 0.61 | |||||||||||||
Note: Certain rows may not add due to rounding. Certain amounts may not recalculate using the rounded dollar amounts provided.
1 | Effective January 1, 2012, the Company elected to change our accounting methodology for determining the market-related value of assets for our U.S. qualified defined benefit pension plans. The Company's change in accounting methodology has been applied retrospectively, and we have adjusted all prior period financial information presented herein as required. |
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