Coca Cola 2005 Annual Report Download - page 118

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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 20: OPERATING SEGMENTS (Continued)
5Equity income—net and income (loss) before income taxes were impacted by approximately $33 million for Corporate primarily related to our
proportionate share of the tax liability recorded as a result of CCE’s repatriation of unremitted foreign earnings under the Jobs Creation Act,
restructuring charges, offset by CCE’s HFCS lawsuit settlement proceeds, and changes in certain of CCE’s state and provincial tax rates. Refer to Note
17.
6Income (loss) before income taxes benefited by approximately $22 million for East, South Asia and Pacific Rim due to issuances of stock by Coca-Cola
Amatil, one of our equity method investees. Refer to Note 3.
7Identifiable operating assets in Germany represented approximately 48 percent of total European Union identifiable operating assets in 2005, 48
percent in 2004 and 51 percent in 2003.
8Principally cash and cash equivalents, marketable securities, finance subsidiary receivables, goodwill, trademarks and other intangible assets and
property, plant and equipment.
9Principally equity and cost method investments in bottling companies.
10 Operating income (loss) and income (loss) before income taxes were reduced by approximately $18 million for North America, $15 million for East,
South Asia and Pacific Rim, $368 million for European Union, $6 million for Latin America, $9 million for North Asia, Eurasia and Middle East and
$64 million for Corporate as a result of other operating charges recorded for asset impairments. Refer to Note 17.
11 Operating income (loss) and income (loss) before income taxes for Corporate were impacted as a result of the Company’s receipt of a $75 million
insurance settlement related to the class action lawsuit settled in 2000. The Company subsequently donated $75 million to The Coca-Cola Foundation.
12 Equity income—net and income (loss) before income taxes for Latin America were increased by approximately $37 million as a result of a favorable tax
settlement related to Coca-Cola FEMSA, one of our equity method investees. Refer to Note 2.
13 Income (loss) before income taxes was increased by approximately $24 million for Corporate due to noncash pre-tax gains that were recognized on the
issuances of stock by CCE, one of our equity method investees. Refer to Note 3.
14 Operating income (loss) and income (loss) before income taxes were reduced by approximately $273 million for North America, $12 million for Africa,
$11 million for East, South Asia and Pacific Rim, $157 million for European Union, $8 million for Latin America, $33 million for North Asia, Eurasia
and Middle East and $67 million for Corporate as a result of streamlining charges. Refer to Note 18.
15 Operating income (loss) and income (loss) before income taxes were increased by approximately $52 million for Corporate as a result of the Company’s
receipt of a settlement related to a vitamin antitrust litigation matter. Refer to Note 17.
16 Equity income—net and income (loss) before income taxes for Latin America were reduced by approximately $102 million primarily for a charge related
to one of our equity method investees. Refer to Note 2.
Five-Year Compound Growth Rates
Net
Operating Operating
Five Years Ended December 31, 2005 Revenues Income
Consolidated 6.2% 10.5%
North America 4.2% 1.8%
Africa 15.4% 21.3%
East, South Asia and Pacific Rim 3.7% *%
European Union 15.6% 13.7%
Latin America 4.4% 5.5%
North Asia, Eurasia and Middle East (0.2)% 6.9%
Corporate **
* Calculation is not meaningful.
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