Coca Cola 2011 Annual Report Download - page 80

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31, 2011 2010 2009
(In millions except per share data)
NET OPERATING REVENUES $ 46,542 $ 35,119 $ 30,990
Cost of goods sold 18,216 12,693 11,088
GROSS PROFIT 28,326 22,426 19,902
Selling, general and administrative expenses 17,440 13,158 11,358
Other operating charges 732 819 313
OPERATING INCOME 10,154 8,449 8,231
Interest income 483 317 249
Interest expense 417 733 355
Equity income (loss) — net 690 1,025 781
Other income (loss) — net 529 5,185 40
INCOME BEFORE INCOME TAXES 11,439 14,243 8,946
Income taxes 2,805 2,384 2,040
CONSOLIDATED NET INCOME 8,634 11,859 6,906
Less: Net income attributable to noncontrolling interests 62 50 82
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 8,572 $ 11,809 $ 6,824
BASIC NET INCOME PER SHARE1$ 3.75 $ 5.12 $ 2.95
DILUTED NET INCOME PER SHARE1$ 3.69 $ 5.06 $ 2.93
AVERAGE SHARES OUTSTANDING 2,284 2,308 2,314
Effect of dilutive securities 39 25 15
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,323 2,333 2,329
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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