COCA COLA CO (KO) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
North America	13,190	11,477	11,915	11,768	10,750	10,325	9,840	4,975
EMEA	7,193	6,057	7,058	7,702	7,374	7,278	7,587	7,574
Asia Pacific	5,291	4,722	5,327	5,197	5,176	5,294	5,252	5,257
Latin America	4,143	3,499	4,118	4,014	4,029	3,819	4,074	4,597
Other	8,838	7,259	8,848	3,175	8,081	15,147	17,541	23,595
Total revenues	38,655	33,014	37,266	31,856	35,410	41,863	44,294	45,998
Revenue growth [+]	17.1%	-11.4%	17.0%	-10.0%	-15.4%	-5.5%	-3.7%	-1.8%
North America	14.9%	-3.7%	1.2%	9.5%	4.1%	4.9%	97.8%	-76.9%
EMEA	18.8%	-14.2%	-8.4%	4.4%	1.3%	-4.1%	0.2%
Asia Pacific	12.0%	-11.4%	2.5%	0.4%	-2.2%	0.8%	-0.1%	-2.1%
Latin America	18.4%	-15.0%	2.6%	-0.4%	5.5%	-6.3%	-11.4%	-3.2%
Bottling Investments	15.0%	-15.8%	97.3%	-63.9%	-47.0%	-14.4%	-1.7%	208.8%
Cost of goods sold	15,357	13,433	14,619	11,770	13,255	16,465	17,482	17,889
Gross profit	23,298	19,581	22,647	20,086	22,155	25,398	26,812	28,109
Gross margin	60.3%	59.3%	60.8%	63.1%	62.6%	60.7%	60.5%	61.1%
Selling, general and administrative	12,144	9,731	12,103	10,307	12,654	15,370	16,427	17,218
Equity in earnings	1,438	978	1,049	1,008	1,071	835	489	769
Other operating expenses	846	853	458	1,079	1,460	1,371	1,657	1,147
EBITDA [+]	13,198	11,511	12,500	10,794	10,372	11,279	11,187	12,489
EBITDA growth	14.7%	-7.9%	15.8%	4.1%	-8.0%	0.8%	-10.4%	-2.5%
EBITDA margin	34.1%	34.9%	33.5%	33.9%	29.3%	26.9%	25.3%	27.2%
Depreciation	1,287	1,333	1,245	1,037	1,192	1,648	1,814	1,808
EBITA	11,911	10,178	11,255	9,757	9,180	9,631	9,373	10,681
EBITA margin	30.8%	30.8%	30.2%	30.6%	25.9%	23.0%	21.2%	23.2%
Amortization of intangibles	165	203	120	49	68	139	156	168
EBIT [+]	11,746	9,975	11,135	9,708	9,112	9,492	9,217	10,513
EBIT growth	17.8%	-10.4%	14.7%	6.5%	-4.0%	3.0%	-12.3%	-2.9%
EBIT margin	30.4%	30.2%	29.9%	30.5%	25.7%	22.7%	20.8%	22.9%
Non-recurring items [+]					442			36
Asset impairment					442
Interest expense, net [+]	1,321	1,067	383	237	164	91	243	-111
Interest expense	1,597	1,437	946	919	841	733	856	483
Interest income	276	370	563	682	677	642	613	594
Other income (expense), net	2,000	841	34	-1,121	-1,764	-1,265	631	-1,263
Pre-tax income	12,425	9,749	10,786	8,350	6,742	8,136	9,605	9,325
Income taxes	2,621	1,981	1,801	1,623	5,560	1,586	2,239	2,201
Tax rate	21.1%	20.3%	16.7%	19.4%	82.5%	19.5%	23.3%	23.6%
Minority interest	33	21	65	42	35	23	15	26
Earnings from continuing ops	9,771	7,747	8,920	13,412	1,147	6,527	7,351	7,098
Earnings from discontinued ops				-251	101
Net income	9,771	7,747	8,920	13,161	1,248	6,527	7,351	7,098
Net margin	25.3%	23.5%	23.9%	41.3%	3.5%	15.6%	16.6%	15.4%

Basic EPS [+]	$2.26	$1.80	$2.09	$3.15	$0.27	$1.51	$1.69	$1.62
Growth	25.5%	-13.5%	-33.8%	1072.9%	-82.2%	-10.5%	4.4%	-16.4%
Diluted EPS [+]	$2.25	$1.79	$2.07	$3.12	$0.27	$1.49	$1.67	$1.60
Growth	25.6%	-13.3%	-33.7%	1076.1%	-82.3%	-10.4%	4.6%	-16.2%

Dividends per share [+]	$1.68	$1.64	$1.60	$1.56	$1.48	$1.40	$1.32	$1.22
Growth	2.4%	2.5%	2.6%	5.4%	5.7%	6.1%	8.2%	8.9%

Shares outstanding (basic) [+]	4,315	4,295	4,276	4,259	4,272	4,317	4,352	4,387
Growth	0.5%	0.4%	0.4%	-0.3%	-1.0%	-0.8%	-0.8%	-1.1%
Shares outstanding (diluted) [+]	4,340	4,323	4,314	4,299	4,324	4,367	4,405	4,450
Growth	0.4%	0.2%	0.3%	-0.6%	-1.0%	-0.9%	-1.0%	-1.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.