Coca Cola 2010 Annual Report Download - page 90
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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31, 2010 2009 2008
(In millions except per share data)
NET OPERATING REVENUES $ 35,119 $ 30,990 $ 31,944
Cost of goods sold 12,693 11,088 11,374
GROSS PROFIT 22,426 19,902 20,570
Selling, general and administrative expenses 13,158 11,358 11,774
Other operating charges 819 313 350
OPERATING INCOME 8,449 8,231 8,446
Interest income 317 249 333
Interest expense 733 355 438
Equity income (loss) — net 1,025 781 (874)
Other income (loss) — net 5,185 40 39
INCOME BEFORE INCOME TAXES 14,243 8,946 7,506
Income taxes 2,384 2,040 1,632
CONSOLIDATED NET INCOME 11,859 6,906 5,874
Less: Net income attributable to noncontrolling interests 50 82 67
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 11,809 $ 6,824 $ 5,807
BASIC NET INCOME PER SHARE1$ 5.12 $ 2.95 $ 2.51
DILUTED NET INCOME PER SHARE1$ 5.06 $ 2.93 $ 2.49
AVERAGE SHARES OUTSTANDING 2,308 2,314 2,315
Effect of dilutive securities 25 15 21
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,333 2,329 2,336
1Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of
The Coca-Cola Company.
Refer to Notes to Consolidated Financial Statements.
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