On Oct. 19, Coca-Cola
- Coca-Cola came in well above revenue and earnings-per-share estimates, though through the first nine months of the year, free cash flow is down compared with last year.
- Margins improved across the board.
- Sales of carbonated beverages were unexpectedly strong, matching non-carbonated beverages with a 5% increase in volume.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. | Q3 2006 | Q3 2005 | Change | |
---|---|---|---|---|
Sales | $6,210 | $6,454 | $6,037 | 6.9% |
Net Profit | -- | $1,460 | $1,283 | 13.8% |
EPS | $0.59 | $0.62 | $0.54 | 14.8% |
Diluted Shares | 2,343 | 2,385 | (1.8%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
---|---|---|---|
Gross Margin | 64.91% | 62.98% | 1.93 |
Operating Margin | 25.75% | 24.71% | 1.04 |
Net Margin | 22.62% | 21.25% | 1.37 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
---|---|---|---|
Cash + ST Invest. | $3,523 | $5,062 | (30.4%) |
Accounts Rec. | $2,489 | $2,217 | 12.3% |
Inventory | $1,592 | $1,431 | 11.3% |
Liabilities | Q3 2006 | Q3 2005 | Change |
---|---|---|---|
Accounts Payable | $5,620 | $5,194 | 8.2% |
Long-Term Debt | $1,242 | $1,121 | 10.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
---|---|---|---|
Cash From Ops. | $4,634 | $5,280 | (12.2%) |
Capital Expenditures | $960 | $633 | 51.7% |
Free Cash Flow | $3,674 | $4,647 | (20.9%) |
Find out why Fools always follow the money.
Related companies:
- PepsiCo
(NYSE:PEP) - Coca-Cola Enterprises
(NYSE:CCE) - Coca-Cola FEMSA
(NYSE:KOF) - Hansen Natural
(NASDAQ:HANS) - Jones Soda
(NASDAQ:JSDA)
For another cup of Foolish reading:
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At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.