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![COCA COLA CO [KO] reports annual net loss of $10.7 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FKO.png&w=1200&q=75)
COCA COLA CO [KO] has reported a net loss of $10.7 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $45.8 billion
Based in ATLANTA, Georgia, COCA COLA CO operates in the MANUFACTURING sector.
In the 12 months ended December 31, 2023, The Coca-Cola Company reported a Net Operating Revenues of $45.75 million, which is an increase from $43.00 million in the same period in 2022 and $38.66 million in 2021.
The Cost of goods sold for 2023 was $18.52 million, slightly higher than the $18.00 million in 2022 and significantly more than $15.36 million in 2021.
The Gross Profit for 2023 was $27.23 million, showing a growth trend compared to $25.00 million in 2022 and $23.30 million in 2021.
Operating Income also saw an upward trend with $11.31 million in 2023, compared to $10.91 million in 2022 and $10.31 million in 2021.
Net Income Attributable to Shareowners of The Coca-Cola Company for 2023 reached $10.71 million, an increase from $9.54 million in 2022 and $9.77 million in 2021.
The company reported Basic Net Income Per Share of $2.48 in 2023, exceeding the $2.20 in 2022 and $2.26 in 2021. Diluted Net Income Per Share was $2.47 in 2023, compared to $2.19 in 2022 and $2.25 in 2021.
The Average Shares Outstanding for 2023 were 4.32 million for Basic and 4.34 million for Diluted, showing consistency compared to previous periods.
The financial performance of The Coca-Cola Company demonstrates steady growth in revenues, profits, and earnings per share over the last three years.
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