Essay, Research Paper: Financial Analysis

Created by EDGAR Online, Inc.
COCA COLA CO
Income Statement2
Period End: Dec 31, 1999
Date Filed: Mar 9, 2000
Values in this worksheet are in millions, except where noted.
1 YE 12/31/99 1 YE 12/31/98 1 YE 12/31/97
(In millions except per share data)
NET OPERATING REVENUES $19,805 $18,813 $18,868
Cost of goods sold 6,009 5,562 6,015
GROSS PROFIT 13,796 13,251 12,853

Selling, administrative and general expenses 9,001 8,211 7,792
Other Operating Charges 813 73 60
Total Expenses 9814 8284 7852
OPERATING INCOME 3,982 4,967 5,001

Interest income 260 219 211
Interest expense 337 277 258
Equity income (loss) (184) 32 155
Other income-net 98 230 583
Gains on issuances of stock by equity investees -- 27 363
INCOME BEFORE INCOME TAXES 3,819 5,198 6,055
Income taxes 1,388 1,665 1,926
NET INCOME $2,431 $3,533 $4,129
BASIC NET INCOME PER SHARE $0.98 $1.43 $1.67
DILUTED NET INCOME PER SHARE $0.98 $1.42 $1.64
AVERAGE SHARES OUTSTANDING 2,469 2,467 2,477
Dilutive effect of stock options 18 29 38
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,487 2,496 2,515
See Notes to Consolidated Financial Statements
Created by EDGAR Online, Inc.
PEPSICO INC
Income Statement
Period End: Dec 25, 1999
Date Filed: Mar 21, 2000
Values in this worksheet are in millions, except where noted.
1 YE 12/25/99 1 YE 12/25/98 1 YE 12/25/97
Net Sales
New PepsiCo $18,244 $14,686 $13,655
Bottling operations 2,123 7,662 7,262
Total Net Sales 20,367 22,348 20,917
Costs
Cost of sales 8,198 9,330 8,525
Gross Profit 12,169 13,018 12,392

Expenses
Selling, general and administrative expenses 9,103 9,924 9,241
Amortization of intangible assets 183 222 199
Impairment and restructuring charges 65 288 290
Total Costs and Expenses 9,351 10,434 9,730
Operating Profit
New PepsiCo 2,765 2,460 2,252
Bottling operations and equity investments 53 124 410
Total Operating Profit 2,818 2,584 2,662
Bottling equity income, net 83 -- --
Gain on bottling transactions 1,000 -- --
Interest expense (363) (395) (478)
Interest income 118 74 125
Income from Continuing Operations
Before Income Taxes 3,656 2,263 2,309
Provision for Income Taxes 1,606 270 818
Income from Continuing Operations 2,050 1,993 1,491
Income from Discontinued Operations, net of tax -- -- 651
Net Income $2,050 $1,993 $2,142

Income Per Share - Basic
Continuing Operations $1.40 $1.35 $0.98
Discontinued Operations -- -- 0.42
Net Income $1.40 $1.35 $1.40
Average shares outstanding 1,466 1,480 1,528
Income Per Share - Assuming Dilution
Continuing Operations $1.37 $1.31 $0.95
Discontinued Operations -- -- 0.41
Net Income $1.37 $1.31 $1.36
Average shares outstanding 1,496 1,519 1,570


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