Investor Overview - Q3 2023
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions)
Free Cash Flow and Adjusted Free Cash Flow Conversion Ratio:
Net Cash Provided by Operating Activities
Purchases of Property, Plant and Equipment
Free Cash Flow (Non-GAAP)
Plus: Cash Payments for Pension Plan Contributions
Adjusted Free Cash Flow (Non-GAAP)
SA
$
Year Ended
December 31, 2022
Year Ended
December 31, 2021
Year Ended
December 31, 2020
11,018 $
(1,484)
12,625 $
(1,367)
9,844
(1,177)
9,534
11,258
8,667
9,534 $
11,258 $
8,667
Net Income Attributable to Shareowners of The Coca-Cola Company
Noncash Items Impacting Comparability:
Asset Impairments
Equity Investees
Transaction Gains/Losses
Other Items
Certain Tax Matters
9,542 $
9,771 $
7,747
153
62
493
33
23
216
589
(1,109)
(933)
526
555
291
(128)
410
207
Adjusted Net Income Attributable to Shareowners of The Coca-Cola Company (Non-GAAP)
10,715 $
9,712 $
8,021
1
Cash Flow Conversion Ratio
Adjusted Free Cash Flow Conversion Ratio (Non-GAAP)²
115%
89%
129%
116%
Three-Year Average Adjusted Free Cash Flow Conversion Ratio (Non-GAAP)
104%
1
2
Cash flow conversion ratio is calculated by dividing net cash provided by operating activities by net income attributable to shareowners of The Coca-Cola Company.
Adjusted free cash flow conversion ratio is calculated by dividing adjusted free cash flow by adjusted net income attributable to shareowners of The Coca-Cola Company.
8
127%
108%View entire presentation