Coca Cola 2005 Annual Report Download - page 66

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31, 2005 2004 2003
(In millions except per share data)
NET OPERATING REVENUES $ 23,104 $ 21,742 $ 20,857
Cost of goods sold 8,195 7,674 7,776
GROSS PROFIT 14,909 14,068 13,081
Selling, general and administrative expenses 8,739 7,890 7,287
Other operating charges 85 480 573
OPERATING INCOME 6,085 5,698 5,221
Interest income 235 157 176
Interest expense 240 196 178
Equity income — net 680 621 406
Other loss — net (93) (82) (138)
Gains on issuances of stock by equity investees 23 24 8
INCOME BEFORE INCOME TAXES 6,690 6,222 5,495
Income taxes 1,818 1,375 1,148
NET INCOME $ 4,872 $ 4,847 $ 4,347
BASIC NET INCOME PER SHARE $ 2.04 $ 2.00 $ 1.77
DILUTED NET INCOME PER SHARE $ 2.04 $ 2.00 $ 1.77
AVERAGE SHARES OUTSTANDING 2,392 2,426 2,459
Effect of dilutive securities 133
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,393 2,429 2,462
Refer to Notes to Consolidated Financial Statements.
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