Financial reporting of coca cola company
This lower spending level reflects actions taken in to reduce capital spending in order to preserve cash during a challenging year. Generally, finished product operations generate higher net operating revenues but lower gross profit margins than concentrate operations.
We believe our success depends on our ability to connect with consumers by providing them with a wide variety of beverage choices to meet their desires, needs and lifestyle choices.
Coca cola financial statements 2016 pdf
The financial health and success of our bottling partners are critical components of the Company's success. In general, the company managed to combine matrix and vertical structure, since most decisions are made at the top level, but their implementation might significantly differ at the local level. In developing markets, where consumer access has largely been established, our focus is on differentiating our brands. Additionally, there are situations in which consolidation is required even though the usual condition of consolidation ownership of a majority voting interest does not apply. We own or license and market more than nonalcoholic beverage brands, which we group into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks. In emerging markets, we are investing in infrastructure programs that drive volume through increased access to consumers. Our management has identified certain challenges and risks that demand the attention of the nonalcoholic beverage segment of the commercial beverage industry and our Company. In our quality laboratories, we stringently measure the quality attributes of ingredients as well as samples of finished products collected from the marketplace.
Our approach includes understanding each customer's business and needs - whether that customer is a sophisticated retailer in a developed market or a kiosk owner in an emerging market. Certain prior year amounts in Management's Discussion and Analysis of Financial Condition and Results of Operations have been revised to conform to the current year presentation as a result of the adoption of certain accounting standards that became effective January 1,as applicable.
See also ''Item 1A. References Schroeder, R.
Coca cola company annual report 2017
We face strong competition from numerous other general and specialty beverage companies. John Wiley and Sons. Beverages bearing trademarks owned by or licensed to us account for more than 1. Revenue grew 1. Principles of Consolidation Our Company consolidates all entities that we control by ownership of a majority voting interest. We are also committed to continuing to expand the variety of choices we provide to consumers and to providing options that reflect consumer concerns about impacts to our planet. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. In addition, outside the United States , our bottling partners are typically authorized to manufacture fountain syrups, using our concentrate, which they sell to fountain retailers for use in producing beverages for immediate consumption, or to authorized fountain wholesalers who in turn sell and distribute the fountain syrups to fountain retailers. This includes working to reduce sugar and calories in many of our beverages. Across the Coca-Cola system, we are mobilizing our assets in marketing and in community outreach to increase awareness and spur action. Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. In our quality laboratories, we stringently measure the quality attributes of ingredients as well as samples of finished products collected from the marketplace. We have rigorous product and ingredient safety and quality standards designed to ensure safety and quality in each of our products, and we drive innovation that provides new beverage options to meet consumers' evolving needs and preferences. We must also continue to build a supply chain network that leverages the size and scale of the Coca-Cola system to gain a competitive advantage. It also is critical to the prosperity of the communities we serve.
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This strategy is executed at the local level where we operate and includes the following elements: water use efficiency and wastewater treatment in manufacturing operations; shared watershed protection efforts; engaging local communities; and addressing water resource management in our agricultural ingredient supply chain.
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