Coca Cola 2014 Annual Report Download - page 31

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29
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, 2014 201312012 2011 20102
(In millions except per share data)
SUMMARY OF
OPER
A
TIONS
Net operating revenues $45,998 $46,854 $48,017 $46,542 $35,119
Net income attributable to shareowners of The Coca-Cola Company 7,098 8,584 9,019 8,584 11,787
PER SHARE DATA
Basic net income $1.62 $1.94 $2.00 $1.88 $2.55
Diluted net income 1.60 1.90 1.97 1.85 2.53
Cash
dividends
1.22 1.12 1.02 0.94 0.88
BALANCE SHEET DATA
Total assets $92,023 $90,055 $86,174 $79,974 $72,921
Long-term debt 19,063 19,154 14,736 13,656 14,041
1 Includes the impact of the deconsolidation of the Brazilian and Philippine bottling operations. Refer to Note 2 of Notes to Consolidated Financial
Statements.
2 On October 2, 2010, the Company acquired CCE’s former North America business and sold our Norwegian and Swedish bottling operations to
New CCE.
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; the impact of inflation and changing prices; and an overview of financial position.