Coca Cola 2011 Annual Report Download - page 30

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ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data should be read in conjunction with ‘‘Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations’’ and consolidated financial statements and notes thereto contained in ‘‘Item 8.
Financial Statements and Supplementary Data’’ of this report.
Year Ended December 31, 2011 201012009 2008 2007
(In millions except per share data)
SUMMARY OF OPERATIONS
Net operating revenues $ 46,542 $ 35,119 $ 30,990 $ 31,944 $ 28,857
Net income attributable to shareowners of The Coca-Cola Company 8,572 11,809 6,824 5,807 5,981
PER SHARE DATA
Basic net income $ 3.75 $ 5.12 $ 2.95 $ 2.51 $ 2.59
Diluted net income 3.69 5.06 2.93 2.49 2.57
Cash dividends 1.88 1.76 1.64 1.52 1.36
BALANCE SHEET DATA
Total assets $ 79,974 $ 72,921 $ 48,671 $ 40,519 $ 43,269
Long-term debt 13,656 14,041 5,059 2,781 3,277
1Includes the impact of the Company’s acquisition of CCE’s North American business and the sale of our Norwegian and Swedish bottling operations
to New CCE. Both of these transactions occurred on October 2, 2010. This information also includes the impact of the deconsolidation of certain
entities, primarily bottling operations, on January 1, 2010, as a result of the Company’s adoption of new accounting guidance issued by the Financial
Accounting Standards Board (‘‘FASB’’). Refer to Note 1 and Note 2 of Notes to Consolidated Financial Statements.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
Overview
The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (‘‘MD&A’’) is intended to
help the reader understand The Coca-Cola Company, our operations and our present business environment. MD&A is provided
as a supplement to — and should be read in conjunction with — our consolidated financial statements and the accompanying
notes thereto contained in ‘‘Item 8. Financial Statements and Supplementary Data’’ of this report. This overview summarizes the
MD&A, which includes the following sections:
•Our Business — a general description of our business and the nonalcoholic beverage segment of the commercial beverage
industry, our objective, our strategic priorities, our core capabilities, and challenges and risks of our business.
•Critical Accounting Policies and Estimates — a discussion of accounting policies that require critical judgments and
estimates.
•Operations Review — an analysis of our Company’s consolidated results of operations for the three years presented in our
consolidated financial statements. Except to the extent that differences among our operating segments are material to an
understanding of our business as a whole, we present the discussion in the MD&A on a consolidated basis.
•Liquidity, Capital Resources and Financial Position — an analysis of cash flows; off-balance sheet arrangements and
aggregate contractual obligations; foreign exchange; an overview of financial position; and the impact of inflation and
changing prices.
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