Coca-Cola Consolidated, Inc. COKE
Coca‑Cola Consolidated, Inc., a Delaware corporation (together with its majority-owned subsidiaries, "Coca‑Cola Consolidated," the "Company," "we," "us" or "our"), distributes, markets and manufactures nonalcoholic beverages in territories spanning 14 states and the District of Columbia. The Company was incorporated in 1980 and, together with its predecessors, has been in the nonalcoholic beverage manufacturing and distribution business since 1902. We are the largest Coca‑Cola bottler in the United States. Approximately 85% of our total bottle/can sales volume to retail customers consists of products of The Coca‑Cola Company, which include some of the most recognized and popular beverage brands in the world. We also distribute products for several other beverage companies, including Monster Energy Company ("Monster Energy") and Keurig Dr Pepper Inc. ("Dr Pepper"). Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.23B | $6.90B | $6.65B | $6.20B | $5.56B | $5.01B | $4.83B | $4.63B | $4.29B | $3.13B |
| Cost of revenue | $4.36B | $4.15B | $4.06B | $3.92B | $3.61B | $3.24B | $3.16B | $3.07B | $2.78B | $1.94B |
| Gross profit | $2.87B | $2.75B | $2.60B | $2.28B | $1.95B | $1.77B | $1.67B | $1.56B | $1.50B | $1.19B |
| SG&A | $1.92B | $1.83B | $1.76B | $1.64B | $1.52B | $1.46B | $1.49B | $1.50B | $1.40B | $1.06B |
| Operating income | $950.7M | $920.4M | $834.5M | $641.0M | $439.2M | $313.4M | $180.8M | $57.9M | $101.5M | $131.2M |
| Interest expense | — | — | $918.0K | $24.8M | $33.4M | $36.7M | $46.0M | $50.5M | $41.9M | $36.3M |
| Pre-tax income | $772.9M | $856.7M | $557.5M | $575.1M | $255.1M | $241.0M | $34.2M | -$13.3M | $63.0M | $92.7M |
| Income tax | $202.3M | $223.5M | $149.1M | $144.9M | $65.6M | $58.9M | $15.7M | $1.9M | $39.8M | $36.0M |
| Net income | $570.6M | $633.1M | $408.4M | $430.2M | $189.6M | $172.5M | $11.4M | -$19.9M | $96.5M | $50.1M |
| EPS, basic | — | — | — | — | — | — | 1.21 | -2.13 | 10.35 | 5.39 |
| EPS, diluted | — | — | — | — | — | — | 1.21 | -2.13 | 10.30 | 5.36 |
| Shares, diluted (wtd. avg.) | — | — | — | — | — | — | $9.4M | $9.3M | $9.4M | $9.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $281.9M | $1.14B | $635.3M | $197.6M | $142.3M | $54.8M | $9.6M | $13.5M | $16.9M | $21.9M |
| Short-term investments | $0 | $301.2M | $0 | — | — | — | — | — | — | — |
| Inventory | $336.4M | $330.4M | $321.9M | $347.5M | $302.9M | $225.8M | $225.9M | $210.0M | $183.6M | $143.6M |
| Total current assets | $1.43B | $2.55B | $1.71B | $1.25B | $1.08B | $851.2M | $830.3M | $797.4M | $794.5M | $593.8M |
| Property, plant and equipment | $1.60B | $1.51B | $1.32B | $1.18B | $1.03B | $1.02B | $997.4M | $990.5M | $1.03B | $813.0M |
| Goodwill | $165.9M | $165.9M | $165.9M | $165.9M | $165.9M | $165.9M | $165.9M | $165.9M | $169.3M | $144.6M |
| Other intangibles | — | — | — | — | — | — | — | — | — | $245.4M |
| Total assets | $4.30B | $5.31B | $4.29B | $3.71B | $3.45B | $3.22B | $3.13B | $3.01B | $3.07B | $2.45B |
| Short-term debt | $100.0M | $349.7M | $0 | — | — | — | — | — | — | — |
| Total current liabilities | $1.13B | $1.31B | $1.09B | $905.2M | $834.9M | $647.1M | $622.2M | $601.7M | $639.5M | $457.9M |
| Long-term debt | $2.69B | $1.44B | $599.2M | $598.8M | $723.4M | $940.5M | $1.03B | $1.10B | $1.09B | $907.3M |
| Total liabilities | $5.04B | $3.90B | $2.85B | $2.59B | $2.73B | $2.71B | $2.68B | $2.55B | $2.61B | $2.09B |
| Retained earnings | -$824.0M | $1.40B | $1.35B | $1.11B | $724.5M | $544.3M | $381.2M | $359.4M | $388.7M | $301.5M |
| Total equity | -$739.7M | $1.42B | $1.44B | $1.12B | $711.8M | $513.0M | $451.1M | $455.2M | $458.9M | $363.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $931.9M | $876.4M | $810.7M | $554.5M | $521.8M | $494.5M | $290.4M | $168.9M | $307.8M | $162.0M |
| Depreciation and amortisation | $195.1M | $170.3M | $153.5M | $171.6M | $157.3M | $155.9M | $156.9M | $164.5M | $150.4M | $111.6M |
| Stock-based compensation | — | — | — | — | $0 | $0 | $2.0M | $5.6M | $7.9M | $7.2M |
| Capital expenditure | $312.3M | $371.0M | $282.3M | $298.6M | $155.7M | $202.0M | $171.4M | $138.2M | $176.6M | $172.6M |
| Investing cash flow | -$19.0M | -$682.2M | -$295.4M | -$325.0M | -$161.9M | -$200.4M | -$173.7M | -$143.9M | -$458.9M | -$452.0M |
| Financing cash flow | -$1.77B | $306.4M | -$77.7M | -$174.2M | -$272.3M | -$248.9M | -$120.6M | -$28.3M | $146.1M | $256.4M |
| Dividends paid | $86.7M | $185.6M | $46.9M | $9.4M | $9.4M | $9.4M | $9.4M | $9.4M | $9.3M | $9.3M |
| Buybacks | $2.61B | $625.7M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009057.
Others in SIC 2086
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|---|---|---|---|---|
| MNST | Monster Beverage Corp | $42.92B | — | 10.7% |
| CELH | Celsius Holdings, Inc. | $7.76B | 122.6x | 85.5% |
| FIZZ | NATIONAL BEVERAGE CORP | $3.02B | 16.4x | -1.7% |
| ZVIA | Zevia PBC | $98.4M | — | 4.0% |
| REED | REED'S, INC. | $11.3M | — | -10.2% |
| FMX | MEXICAN ECONOMIC DEVELOPMENT INC | — | — | — |
| CCEP | COCA-COLA EUROPACIFIC PARTNERS plc | — | — | — |
| KOF | COCA COLA FEMSA SAB DE CV | — | — | -10.5% |