Coca Cola Financial Statement Essay

FINANCIAL STATEMENT ANALYSIS
COCA COLA COMPANY

Introduction
The financial statement of Coca Cola Company is being made on the basis of generally accepted accounting principles as followed in the United States. Assets, Liabilities & equities are measures as per the standards mentioned by the US GAAP. Company has used fair value measurement for certain assets and liabilities which as per the GAAP are required to be recorded in fair value on a recurring basis .Further some of the assets and liabilities are also recorded on fair value which comes under the category of non-recurring fair value measurement usually due to the impairment charges.
Recording of Asset, Liabilities & Equity.
Assets such as property plant & equipment are recorded at cost

Income from Continuing Operations
Total Other Income/Expenses Net 1,110,000 608,000 83%
Earnings Before Interest And Taxes 11,940,000 12,206,000 -2%
Interest Expense 463,000 397,000 17%
Income Before Tax 11,477,000 11,809,000 -3%
Income Tax Expense 2,851,000 2,723,000 5%
Minority Interest -42000 -67000 -37%
Net Income From Continuing Ops 9,186,000 9,838,000 -7%
Non-recurring Events 0 0 0%
Discontinued Operations 0 0 0%
Extraordinary Items 0 0 0%
Effect Of Accounting Changes 0 0 0%
Other Items 0 0 0%
Net Income 8,584,000 9,019,000 -5%
Preferred Stock And Other Adjustments 0 0 0%
Net Income Applicable To Common Shares 8,584,000 9,019,000 -5%

Horizontal Analysis for Balance sheet
Period Ending Dec 31, 2013 Dec 31, 2012 Horizontal Analysis
Assets
Current Assets
Cash And Cash Equivalents 10,414,000 8,442,000 23%
Short Term Investments 9,854,000 8,109,000 22%
Net Receivables 4,873,000 4,759,000 2%
Inventory 3,277,000 3,264,000 0%
Other Current Assets 2,886,000 5,754,000 -50%
Total Current Assets 31,304,000 30,328,000 3%
Long Term Investments 11,512,000 10,448,000 10%
Property Plant and Equipment 14,967,000 14,476,000 3%
Goodwill 12,312,000 12,255,000 0%
Intangible Assets 15,299,000 15,082,000

While reviewing the current assets as a percentage of total assets other than cash & shorter investments all of the other are almost same in the year 2013 as compared to 2014.Cash & investments are higher due to the reason they have increased significantly in the current year as mentioned above .Long term debt have increased to 21% of total assets from 17% in the year 2012 the reason for this change is the 30% increase in long-term debt as compared to the previous year. Equity components have slightly changed in the current year as a percentage of total assets as compared from 2012 due to the reasons that their figures have not changed significantly in the current