Coca Cola 2008 Annual Report Download - page 141

THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 21: OPERATING SEGMENTS (Continued)
Information about our Company’s operations by operating segment for the years ended December 31, 2008,
2007 and 2006, is as follows (in millions):
Eurasia & Latin North Bottling
Africa Europe America America Pacific Investments Corporate Eliminations Consolidated
2008
Net operating revenues:
Third party $ 2,135 $ 4,785 $ 3,623 $ 8,205 $ 4,3581$ 8,731 $ 107 $ — $ 31,944
Intersegment 192 1,016 212 75 337 200 — (2,032) —
Total net revenues 2,327 5,801 3,835 8,280 4,695 8,931 107 (2,032) 31,944
Operating income (loss) 83423,175 2,09921,58421,858 2642(1,368)2— 8,446
Interest income — — — — — — 333 — 333
Interest expense — — — — — — 438 — 438
Depreciation and
amortization 26 169 42 376 78 409 128 — 1,228
Equity income (loss) — net (14) (4)36(2)
3(19) (844)33 — (874)
Income (loss) before income
taxes 81123,18232,08221,5872,3,4 1,836 (625)2,3,4,5 (1,434)2,4,5 — 7,439
Identifiable operating assets6956 3,01271,849 10,845 1,444 7,93578,699 — 34,740
Investments8395 179 199 4 72 4,873 57 — 5,779
Capital expenditures 67 76 58 493 177 818 279 — 1,968
2007
Net operating revenues:
Third party $ 1,941 $ 4,447 $ 3,069 $ 7,761 $ 3,9971$ 7,570 $ 72 $ — $ 28,857
Intersegment 168 845 175 75 409 125 — (1,797) —
Total net revenues 2,109 5,292 3,244 7,836 4,406 7,695 72 (1,797) 28,857
Operating income (loss) 66792,77591,74991,69691,69991539(1,487)9— 7,252
Interest income — — — — — — 236 — 236
Interest expense — — — — — — 456 — 456
Depreciation and
amortization 23 141 41 359 82 388 129 — 1,163
Equity income (loss) — net 37 11 1 4 (14) 63010 (1) — 668
Income (loss) before income
taxes 69692,79691,75291,70091,66597619,10 (1,497)9,11 — 7,873
Identifiable operating assets61,023 2,99771,989 10,510 1,468 8,96278,543 — 35,492
Investments8386 111 245 18 23 6,949 45 — 7,777
Capital expenditures 74 79 47 344 191 645 268 — 1,648
2006
Net operating revenues:
Third party $ 1,680 $ 3,874 $ 2,484 $ 7,013 $ 3,9901$ 4,954 $ 93 $ — $ 24,088
Intersegment 124 703 132 16 128 89 — (1,192) —
Total net revenues 1,804 4,577 2,616 7,029 4,118 5,043 93 (1,192) 24,088
Operating income (loss) 59212 2,36112 1,438 1,683 1,65012 1812 (1,434)12,13 — 6,308
Interest income — — — — — — 193 — 193
Interest expense — — — — — — 220 — 220
Depreciation and
amortization 23 101 25 361 60 278 90 — 938
Equity income (loss) — net 38 11 (2) 9 (10) 5614 — — 102
Income (loss) before income
taxes 61912 2,38012 1,433 1,690 1,63312 6712,14 (1,244)12,13,15 — 6,578
Identifiable operating assets6853 2,59071,516 4,778 1,120 5,95376,370 — 23,180
Investments8328 97 1 17 16 6,302 22 — 6,783
Capital expenditures 42 94 44 421 133 418 255 — 1,407
Certain prior year amounts have been revised to conform to the current year presentation.
1Net operating revenues in Japan represented approximately 9 percent of total consolidated net operating revenues in 2008, 9 percent in 2007 and
11 percent in 2006.
2Operating income (loss) and income (loss) before income taxes were reduced by approximately $1 million for Eurasia and Africa, $1 million for Latin
America, $56 million for North America, $46 million for Bottling Investments and $246 million for Corporate, primarily as a result of restructuring
charges, contract termination fees, expenses related to productivity initiatives and asset impairments. Refer to Note 18 and Note 19.
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