Coca-Cola Philippines

Two-Year Statement of Income Statement

For the year 2021-2022
2022 2021
Total Revenue 43,004.00 38,655.00
Revenue 43,004.00 38,655.00
Other Revenue, Total - -
Cost of Revenue, Total 18,000.00 15,357.00
Gross Profit 25,004.00 23,298.00

Total Operating Expense 30,754.00 27,217.00

Selling/General/Admin. Exmepenses, Total 12,662.00 11,867.00
Research & Development - -
Depreciation/Amortization 2 10
Interest Expense (Income) - Net Operating (882.00) (1,597.00)
Unusual Expenses (Income) - 236
Other Operating Expenses, Total 972 1,580.00
Operating Income 12,250.00 11,438.00
Interest Income (Expense), Net Non-Operating - 1,246.00
Gain (loss) on Sale of Assets -491 2,110.00
Other, Net 1,055.00 -3,097.00
Net Income Before Taxes 11,686.00 12,425.00
Provision for Income Taxes 2,115.00 2,621.00
Net Income After Taxes 9,571.00 9,804.00
Minority Interest 1,721.00 1,861.00
Net Income Before Extraordinary Items 9,542.00 9,771.00
Total Extraordinary Items - -
Net Income 9,542.00 9,771.00
Income Available to Common Excluding Extraordinary Items 9,542.00 9,771.00
Dilution Adjustment 15.1 -
Diluted Net Income 9,526.50 9,771.00
Diluted Weighted Average Shares 4,350.00 4,340.00
Diluted EPS Excluding Extraordinary Items 2.19 2.25
DPS - Common Stock Primary Issue 1.76 1.67
Diluted Normalized EPS 1.9 2.29
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Coca-Cola Philippines
Two-Year Statement of Income Statement
For the year 2020-2021

2021 2020
Net Operating Revenue $ 38,655 33,014
Cost of Good Sold 15,357 13,433
Gross Profit 23,298 19,581
Selling, general and administrative expenses 12,144 9,731
Other operating charges 846 853
Operating Income 10,308 8,997
Interest income 276 370
Interest expense 1,597 1,437
Equity income (loss) - net 1,438 978
Other income (loss) - net 2,000 841
Income Before Income Taxes 12,425 9,749
Income Taxes 2,621 1,981
Consolidated Net Income 9,804 7,768
Less: Net income (loss) attributable to noncontrolling interests 33 21
Net Income Attributable to Shareowners of The Coca-Cola Company $ 9,771 7,747
Basic Net Income Per Share $ 2.26 1.8
Diluted Net Income Per Share $ 2.25 1.79
Average Shares Outstanding - Basic 4,315 4,295
Effect of dilutive securities 25 28
Average Shares Outstanding - Diluted 4,340 4,323
Coca-Cola Philippines
Two-Year Statement of Balance Sheet
For the year 2021-2022

2022 2021
Current Assets
Cash and cash equivalents $ 9,684 6,795
Short-term investments 1,242 1,771
Total Cash, Cash Equivalents and Short-Term Investments 10,926 8,566
Marketable securities 1,699 2,348
Trade accounts receivable, less allowances of $516 and $526, respectively 3,512 3,144
Inventories 3,414 3,266
Prepaid expenses and other current assets 2,994 1,916
Total Current Assets 22,545 19,240
Equity method investments 17,598 19,273
Other investments 818 812
Other noncurrent assets 6,731 6,184
Deferred income tax assets 2,129 2,460
Property, plant and equipment - net 9,920 10,777
Trademarks with indefinite lives 14,465 10,395
Goodwill 19,363 17,506
Other intangible assets 785 649
Total Assets $ 94,354 87,296

Current Liabilities
Accounts payable and accrued expenses $ 14,619 11,145
Loans and notes payable 3,307 2,183
Current maturities of long-term debt 1,338 485
Accrued income taxes 686 788
Total Current Liabilities $ 19,950 14,601
Coca-Cola Philippines Coca-Cola Philippines
Two-Year Statement of Income Statement Two-Year Statement of Balance Sheet
For the year 2021-2022 For the year 2021-2022
(in millions) (in millions)
2022 2021 2022 2021
Revenues P 43004 38,655 Cash 9,519 9,684
Cost of Good Sold 18,000 15,357 Short-Term Investments 2,112 2,941
Gross Profit 25,004 23,298 Accounts Receivable 3,487 3,512
Inventory 4,233 3,414
Selling in General & Administrative 12,880 12,144 Other
Depreciation 1,260 1,452 Current Assets 22,591 22,545
Research and Development Net Property, Plant and Equipment 9,481 9,920
Other 1,215 846 Goodwill 18,782 19,363
Total Operating Expenses 15,355 14,442
EBIT 10,909 14,022 Total Assets 92,763 94,354
Other Income
Interest Expense 882 1,597 Accounts Payable 15,749 14,619
Earnings Before Tax 11,686 12,425 Accrued Expense
Taxes 2,115 2,621 Accrued Taxes 1,203 686
Net Income 9,571 9,804 Notes Payable 2,373 3,307
Long-Term Debt - Current 399 1,338
Total Current Liabilities 19,724 19,950

Long-Term Debt 36,377 38,116

Total Liabilities 66,937 69,494

Common Stock 20,582 19,876

Treasury 52,601 51,641
Retained Earnings 71,019 69,094
Total Equity 25,826 24,860

Total Equity & Liability 92,763 94,354