The Coca-Cola (KO) 10-K Summary — Year Ended Dec 31, 2023
The Coca-Cola Company reported revenue growth for the year ended December 31, 2023, with operating income and net income both in the tens of billions. The filing discusses the company's business, risk factors, and management's analysis of financial condition and results.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The Coca-Cola Company reported revenue growth for the year ended December 31, 2023, with operating income and net income both in the tens of billions. The filing discusses the company's business, risk factors, and management's analysis of financial condition and results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$45.8B
Revenue reported for the fiscal year.
Operating income
$11.3B
Income from operations reported for the year.
Net income
$10.7B
Net income reported for the year.
Operating cash flow
$11.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $38.7B | n/a |
| Dec 31, 2022 | $43B | +11.3% |
| Dec 31, 2023 | $45.8B | +6.4% |
Business overview
The Coca-Cola Company is a beverage company. The filing's Business overview section outlines the company's operations, but no further details on products or segments are provided in the supplied context.
Financial performance
Revenue increased from the prior year, and operating income and net income were reported at levels consistent with a large, profitable enterprise. Operating cash flow was also in the tens of billions, indicating strong cash generation.
Material risks
The filing includes a Risk Factors section (Item 1A) that identifies potential risks to the business, though the specific risks are not detailed in the supplied context. The company also addresses cybersecurity as a separate item.
Liquidity and capital
The supplied context does not include specific details on liquidity or capital allocation strategies. No capital allocation themes can be derived from the available information.
What to watch
Monitor the next filing for any updates to the Risk Factors section, as it may reveal changes in the company's risk landscape.