Coca Cola 2013 Annual Report Download - page 76

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31, 2013 2012 2011
(In millions except per share data)
NET OPERATING REVENUES $ 46,854 $ 48,017 $ 46,542
Cost of goods sold 18,421 19,053 18,215
GROSS PROFIT 28,433 28,964 28,327
Selling, general and administrative expenses 17,310 17,738 17,422
Other operating charges 895 447 732
OPERATING INCOME 10,228 10,779 10,173
Interest income 534 471 483
Interest expense 463 397 417
Equity income (loss) — net 602 819 690
Other income (loss) — net 576 137 529
INCOME BEFORE INCOME TAXES 11,477 11,809 11,458
Income taxes 2,851 2,723 2,812
CONSOLIDATED NET INCOME 8,626 9,086 8,646
Less: Net income attributable to noncontrolling interests 42 67 62
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 8,584 $ 9,019 $ 8,584
BASIC NET INCOME PER SHARE1$ 1.94 $ 2.00 $ 1.88
DILUTED NET INCOME PER SHARE1$ 1.90 $ 1.97 $ 1.85
AVERAGE SHARES OUTSTANDING 4,434 4,504 4,568
Effect of dilutive securities 75 80 78
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 4,509 4,584 4,646
1Calculated based on net income attributable to shareowners of The Coca-Cola Company.
Refer to Notes to Consolidated Financial Statements.
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