Beruflich Dokumente
Kultur Dokumente
(UNAUDITED)
December 31,
December 31, % Change
2008 2007
Net Operating Revenues $ 7,126 $ 7,331
(3 )
Cost of goods sold 2,568 2,641
(3 )
Gross Profit 4,558 4,690
(3 )
Selling, general and administrative expenses 2,744 3,039
(10 )
Other operating charges 108 125
--
Operating Income 1,706 1,526
12
Interest income 94 86
9
Interest expense 121 156
(22 )
Equity income (loss) - net (440 ) 171
--
Other income (loss) - net (89 ) (4
) --
Income Before Income Taxes 1,150 1,623
(29 )
Income taxes 155 409
(62 )
Net Income $ 995 $ 1,214
(18 )
*For the three months ended December 31, "Basic Net Income Per Share"
was $0.43 for 2008 and $0.52 for 2007 based on "Average Shares
Outstanding - Basic" of 2,312 for 2008 and 2,314 for 2007.
(UNAUDITED)
December 31,
December 31, % Change
2008 2007
Net Operating Revenues $ 31,944 28,857
11
Cost of goods sold 11,374 10,406
9
Gross Profit 20,570 18,451
11
Selling, general and administrative expenses 11,774 10,945
8
Other operating charges 350 254
--
Operating Income 8,446 7,252
16
Interest income 333 236
41
Interest expense 438 456
(4 )
Equity income (loss) - net (874 ) 668
--
Other income (loss) - net (28 ) 173
--
Income Before Income Taxes 7,439 7,873
(6 )
Income taxes 1,632 1,892
(14 )
Net Income $ 5,807 $5,981
(3 )
*For the year ended December 31, "Basic Net Income Per Share" was
$2.51 for 2008 and $2.59 for 2007 based on "Average Shares Outstanding
- Basic" of 2,315 for 2008 and 2,313 for 2007.
(UNAUDITED)
Investme
nts
Equity method 5,316 7,289
investments
Other 463 488
investments,
principally
bottling
companies
Total Investments 5,779 7,777
Shareowners'
Equity
Common stock,
$0.25 par
value;
Authorized -
5,600 shares;
Issued - 3,519
shares and
3,519 shares,
respectively
880 880
Capital surplus 7,966 7,378
Reinvested 38,513 36,235
earnings
Accumulated (2,674 ) 626
other
comprehensive
income (loss)
Treasury stock,
at cost - 1,207
and 1,201
shares,
respectively
(24,213 ) (23,375 )
Total Shareowners' 20,472 21,744
Equity
(UNAUDITED)
(In millions)
Year Ended
December 31, 2008
December 31,
2007
Operating Activities
Net income $ 5,807 $
5,981
Depreciation and amortization 1,228
1,163
Stock-based compensation expense 266
313
Deferred income taxes (360 )
109
Equity income or loss, net of 1,128
(452 )
dividends
Foreign currency adjustments (42 )
9
Gains on sales of assets, including (130 )
(244 )
bottling interests
Other operating charges 209
166
Other items 153
99
Net change in operating assets and (688 )
6
liabilities
Net cash provided by operating 7,571
7,150
activities
Investing Activities
Acquisitions and investments,
principally beverage and bottling
companies and trademarks
(759 ) (5,653 )
Purchases of other investments (240 )
(99 )
Proceeds from disposals of other 479
448
investments
Purchases of property, plant and (1,968 )
(1,648 )
equipment
Proceeds from disposals of property,
plant and equipment
129 239
Other investing activities (4 )
(6 )
Net cash used in investing (2,363 )
(6,719 )
activities
Financing Activities
Issuances of debt 4,337
9,979
Payments of debt (4,308 )
(5,638 )
Issuances of stock 586
1,619
Purchases of stock for treasury (1,079 )
(1,838 )
Dividends (3,521 )
(3,149 )
Net cash (used in) provided by (3,985 )
973
financing activities