Coca Cola 2014 Annual Report Download - page 75

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73
THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31, 2014 2013 2012
(In millions except per share data)
NET OPERATING REVENUES $ 45,998 $ 46,854 $ 48,017
Cost of goods sold 17,889 18,421 19,053
GROSS PROFIT 28,109 28,433 28,964
Selling, general and administrative
expenses
17,218 17,310 17,738
Other operating
charges
1,183 895 447
OPERATING INCOME 9,708 10,228 10,779
Interest
income
594 534 471
Interest
e
xpense 483 463 397
Equity income (loss) —
net
769 602 819
Other income (loss) —
net
(1,263) 576 137
INCOME BEFORE INCOME TAXES 9,325 11,477 11,809
Income
taxes
2,201 2,851 2,723
CONSOLIDATED NET INCOME 7,124 8,626 9,086
Less: Net income attributable to noncontrolling
interests
26 42 67
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 7,098 $ 8,584 $ 9,019
BASIC NET INCOME PER SHARE1$ 1.62 $ 1.94 $ 2.00
DILUTED NET INCOME PER SHARE1$ 1.60 $ 1.90 $ 1.97
AVERAGE SHARES OUTSTANDING 4,387 4,434 4,504
Effect of dilutive
securities
63 75 80
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 4,450 4,509 4,584
1 Calculated based on net income attributable to shareowners of The Coca-Cola Company.
Refer to Notes to Consolidated Financial Statements.