Coca Cola 2014 Annual Report Download - page 71
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69
Overview of Financial Position
The following table illustrates the change in the individual line items of the Company’s consolidated balance sheet (in millions):
December 31,
2014
2013
Increase
(Decrease)
Percent
Change
Cash and cash equivalents
$
8,958 $ 10,414 $ (1,456
)
(14)%
Short-term investments 9,052 6,707 2,345 35
Marketable securities 3,665 3,147 518 16
Trade accounts receivable — net 4,466 4,873 (407
)
(8)
Inventories 3,100 3,277 (177
)
(5)
Prepaid expenses and other assets 3,066 2,886 180 6
Assets held for sale 679 — 679
100
Equity method investments 9,947 10,393 (446
)
(4)
Other investments 3,678 1,119 2,559
229
Other assets 4,407 4,661 (254
)
(5)
Property, plant and equipment — net 14,633 14,967 (334
)
(2)
Trademarks with indefinite lives 6,533 6,744 (211
)
(3)
Bottlers’ franchise rights with indefinite lives 6,689 7,415 (726
)
(10)
Goodwill 12,100 12,312 (212
)
(2)
Other intangible assets 1,050 1,140 (90
)
(8
)
Total assets
$
92,023 $ 90,055 $ 1,968 2
%
Accounts payable and accrued expenses
$
9,234 $ 9,577 $ (343
)
(4)%
Loans and notes payable 19,130 16,901 2,229 13
Current maturities of long-term debt 3,552 1,024 2,528 247
Accrued income taxes 400 309 91 29
Liabilities held for sale 58 — 58
100
Long-term debt 19,063 19,154 (91
)
—
Other liabilities 4,389 3,498 891 25
Deferred income taxes 5,636 6,152 (516
)
(8)
Total liabilities
$
61,462 $ 56,615 $ 4,847 9
%
Net assets
$
30,561 $ 33,440 $ (2,879
)1
(9
)
%
1 Includes a decrease in net assets of $2,382 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 $1,407 million, or 7 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.
• Trade accounts receivable — net decreased $407 million, or 8 percent, primarily due to the write-down of concentrate sales
receivables from our bottling partner in Venezuela.
• Assets held for sale increased $679 million and liabilities held for sale increased $58 million due primarily to certain North
American territories, our South African bottling operations and related investments, and the assets held by the Company’s
global energy drink business being classified as held for sale. Refer to Note 2 of Notes to Consolidated Financial Statements for
additional information on these transactions.