Coca Cola 2013 Annual Report Download - page 72

Overview of Financial Position
The following table illustrates the change in the individual line items of the Company’s consolidated balance sheet (in millions):
Increase Percent
December 31, 2013 2012 (Decrease) Change
Cash and cash equivalents $ 10,414 $ 8,442 $ 1,972 23%
Short-term investments 6,707 5,017 1,690 34
Marketable securities 3,147 3,092 55 2
Trade accounts receivable — net 4,873 4,759 114 2
Inventories 3,277 3,264 13 —
Prepaid expenses and other assets 2,886 2,781 105 4
Assets held for sale — 2,973 (2,973) (100)
Equity method investments 10,393 9,216 1,177 13
Other investments, principally bottling companies 1,119 1,232 (113) (9)
Other assets 4,661 3,585 1,076 30
Property, plant and equipment — net 14,967 14,476 491 3
Trademarks with indefinite lives 6,744 6,527 217 3
Bottlers’ franchise rights with indefinite lives 7,415 7,405 10 —
Goodwill 12,312 12,255 57 —
Other intangible assets 1,140 1,150 (10) (1)
Total assets $ 90,055 $ 86,174 $ 3,881 5%
Accounts payable and accrued expenses $ 9,577 $ 8,680 $ 897 10%
Loans and notes payable 16,901 16,297 604 4
Current maturities of long-term debt 1,024 1,577 (553) (35)
Accrued income taxes 309 471 (162) (34)
Liabilities held for sale — 796 (796) (100)
Long-term debt 19,154 14,736 4,418 30
Other liabilities 3,498 5,468 (1,970) (36)
Deferred income taxes 6,152 4,981 1,171 24
Total liabilities $ 56,615 $ 53,006 $ 3,609 7%
Net assets $ 33,440 $ 33,168 $ 27211%
1Includes a decrease in net assets of $1,190 million resulting from foreign currency translation adjustments in various balance sheet accounts.
The table above includes the impact of the following transactions and events:
• Cash and cash equivalents, short-term investments and marketable securities increased $3,717 million, or 22 percent, as a
combined group. This increase reflects the Company’s overall cash management strategy. A majority of the Company’s
consolidated cash and cash equivalents, short-term investments and marketable securities are held by foreign subsidiaries.
• Assets held for sale decreased $2,973 million, or 100 percent, and liabilities held for sale decreased $796 million, or
100 percent, due to the Company completing the deconsolidation of its Philippine and Brazilian bottling operations in
January 2013 and July 2013, respectively. Refer to Note 2 of Notes to Consolidated Financial Statements for additional
information on these transactions.
• Equity method investments increased $1,177 million, or 13 percent, primarily due to the sale of a majority ownership
interest in our previously consolidated Philippine bottling operations in January 2013 and the deconsolidation of our
Brazilian bottling operations in July 2013, partially offset by the consolidation of innocent which had previously been
accounted for under the equity method of accounting. The Company now accounts for our ownership interests in the
70