Coca Cola 2005 Annual Report Download - page 117

THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 20: OPERATING SEGMENTS (Continued)
Information about our Company’s operations by operating segment is as follows (in millions):
East, South North Asia,
North Asia and European Latin Eurasia and
America Africa Pacific Rim Union America Middle East Corporate Consolidated
2005
Net operating revenues $ 6,676 $ 1,263 $ 1,258 $ 6,803 $ 2,527 $ 4,4941$ 83 $ 23,104
Operating income (loss)21,554 415 20132,247 1,207 1,709 (1,248)46,085
Interest income 235 235
Interest expense 240 240
Depreciation and amortization 348 29 75 245 40 61 134 932
Equity income — net 10 13 70 2 207 59 319 5680
Income (loss) before income taxes21,559 414 3033,6 2,191 1,429 1,749 (955)4,5 6,690
Identifiable operating assets 4,621 758 761 4,71171,622 1,140 8,892 822,505
Investments9124 161 1,099 36 1,853 784 2,865 6,922
Capital expenditures 265 40 45 217 57 126 149 899
2004
Net operating revenues $ 6,423 $ 1,067 $ 1,276 $ 6,570 $ 2,123 $ 4,1821$ 101 $ 21,742
Operating income (loss)10 1,606 340 344 1,812 1,069 1,629 (1,102)11 5,698
Interest income 157 157
Interest expense 196 196
Depreciation and amortization 345 28 60 234 42 84 100 893
Equity income — net 11 12 72 1 185 12 26 314 621
Income (loss) before income taxes10 1,629 337 429 1,747 1,270 12 1,641 (831)11,13 6,222
Identifiable operating assets 4,731 789 753 5,14471,405 1,108 11,259 825,189
Investments9116 162 1,097 67 1,580 493 2,737 6,252
Capital expenditures 247 28 41 225 38 59 117 755
2003
Net operating revenues $ 6,157 $ 827 $ 1,331 $ 6,086 $ 2,042 $ 4,3211$ 93 $ 20,857
Operating income (loss)14 1,282 249 367 1,897 970 1,487 (1,031)15 5,221
Interest income 176 176
Interest expense 178 178
Depreciation and amortization 305 27 53 220 52 81 112 850
Equity income — net 13 13 59 3 (5)16 18 305 406
Income (loss) before income taxes14 1,326 249 423 1,847 975 16 1,483 (808)15 5,495
Identifiable operating assets 4,953 721 887 5,11871,440 1,051 7,702 821,872
Investments9109 156 1,015 71 1,348 547 2,292 5,538
Capital expenditures 309 13 91 188 35 67 109 812
Intercompany transfers between operating segments are not material and are eliminated.
Certain prior year amounts have been reclassified to conform to the current year presentation.
1Net operating revenues in Japan represented approximately 66 percent of total North Asia, Eurasia and Middle East operating segment net operating
revenues in 2005, 72 percent in 2004 and 82 percent in 2003.
2Operating income (loss) and income (loss) before income taxes were reduced by approximately $12 million for North America, $3 million for Africa,
$3 million for East, South Asia and Pacific Rim, $3 million for European Union, $4 million for Latin America, $3 million for North Asia, Eurasia and
Middle East and $22 million for Corporate as a result of accelerated amortization of stock-based compensation expense due to a change in our
estimated service period for retirement-eligible participants. Refer to Note 14.
3Operating income (loss) and income (loss) before income taxes were reduced by approximately $85 million and $89 million, respectively, for East, South
Asia and Pacific Rim related to the Philippines impairment charges. Refer to Note 17.
4Operating income (loss) and income (loss) before income taxes benefited by approximately $47 million for Corporate related to the settlement of a class
action lawsuit related to HFCS purchases. Refer to Note 17.
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