CCC3 Balance Sheet - Coca-Cola Co

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Price: 88.44 EUR -0.18% Market Closed

Market Cap: €381B

Financial profile · Q3 FY2026

A capital-light cash generator with substantial margins and episodic payment-driven volatility

Coca-Cola's growing revenue base supports substantial operating margins, while capital spending consistently absorbs only a small share of sales. This leaves considerable cash after reinvestment, although exceptional tax and acquisition-related payments have made reported cash conversion less stable than earnings.

What is developing

The latest results sustained the cash-conversion recovery already visible earlier in 2026, rather than establishing a fresh inflection. Internally generated cash again covered dividends after reinvestment, although working-capital initiatives and capital-spending timing contributed to that capacity.

What matters next

Whether free cash flow continues to cover dividends as working-capital benefits and capital-spending timing normalize.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	8.6B	6B	9.1B	6.5B	6.8B	9.7B	9.5B	9.4B	10.8B	10.3B
Cash Equivalents	8.6B	6B	9.1B	6.5B	6.8B	9.7B	9.5B	9.4B	10.8B	10.3B
Short-Term Investments	13.6B	14.7B	7B	4.7B	4.1B	2.9B	2.1B	4.3B	3.7B	5.5B
Total Receivables	3.9B	3.7B	3.7B	4B	3.1B	3.5B	3.5B	3.4B	3.6B	3B
Accounts Receivables	3.9B	3.7B	3.7B	4B	3.1B	3.5B	3.5B	3.4B	3.6B	3B
Other Receivables	0	0	0	0	0	0	0	0	0	0
Inventory	2.7B	2.7B	3.1B	3.4B	3.3B	3.4B	4.2B	4.4B	4.7B	4.4B
Other Current Assets	5.3B	9.5B	2.1B	1.9B	1.9B	3B	3.2B	5.2B	3.1B	7.8B
Total Current Assets	34B	36.5B	24.9B	20.4B	19.2B	22.5B	22.6B	26.7B	26B	31B
PP&E Net	10.6B	8.2B	9.6B	12.2B	12.3B	11.3B	11.2B	10.6B	11.5B	11.3B
PP&E Gross	10.6B	8.2B	9.6B	12.2B	12.3B	11.3B	11.2B	10.6B	11.5B	11.3B
Accumulated Depreciation	(10.6B)	(8.2B)	(8B)	(8.1B)	(8.9B)	(8.9B)	(9.2B)	(9.2B)	(9.6B)	(9.1B)
Intangible Assets	10.5B	7.2B	7.5B	10B	11B	15.3B	14.8B	14.9B	13.3B	12.5B
Goodwill	10.6B	9.4B	14.1B	16.8B	17.5B	19.4B	18.8B	18.4B	18.1B	15.5B
Long-Term Investments	17.2B	22B	20.3B	19.9B	20.1B	18.4B	18.8B	19.8B	18.1B	20.2B
Other Long-Term Assets	4.2B	4.6B	6.8B	7.1B	7.1B	7.4B	6.5B	7.4B	13.5B	14.2B
Other Assets	10.6B	9.4B	14.1B	16.8B	17.5B	19.4B	18.8B	18.4B	18.1B	15.5B
Total Assets	87.3B	87.9B	83.2B	86.4B	87.3B	94.4B	92.8B	97.7B	100.5B	104.8B
Accounts Payable	2.5B	2.3B	2.7B	3.8B	3.5B	4.6B	5.3B	5.6B	5.5B	5.6B
Accrued Liabilities	6.1B	6.3B	6.6B	7.4B	6.5B	8.9B	9.3B	9.2B	16.2B	9.2B
Short-Term Debt	12.5B	13.2B	13.8B	11B	2.2B	3.3B	2.4B	4.6B	1.5B	1.6B
Current Portion of Long-Term Debt	3.5B	3.3B	5B	4.3B	485m	1.3B	399m	2B	648m	1.8B
Other Current Liabilities	1.9B	2.1B	583m	506m	1.9B	1.8B	2.3B	2.3B	1.4B	3.1B
Total Current Liabilities	26.5B	27.2B	28.8B	27B	14.6B	20B	19.7B	23.6B	25.2B	21.3B
Long-Term Debt	29.7B	31.2B	25.4B	27.5B	40.1B	38.1B	36.4B	35.5B	42.4B	42.1B
Deferred Income Tax	3.8B	2.5B	2.4B	2.3B	1.8B	2.8B	2.9B	2.6B	2.5B	2.4B
Minority Interest	158m	1.9B	2.1B	2.1B	2B	1.9B	1.7B	1.5B	1.5B	2.1B
Other Liabilities	4.1B	8B	7.6B	8.5B	9.5B	8.6B	7.9B	8.5B	4.1B	4.7B
Total Liabilities	64.2B	70.8B	66.2B	67.4B	68B	71.4B	68.7B	71.8B	75.7B	72.6B
Common Stock	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B
Retained Earnings	65.5B	60.4B	63.2B	65.9B	66.6B	69.1B	71B	73.8B	76.1B	80.4B
Additional Paid In Capital	15B	15.9B	16.5B	17.2B	17.6B	18.1B	18.8B	19.2B	19.8B	20.6B
Unrealized Security Profit/Loss	305m	493m	50m	75m	28m	(62m)	(25m)	(1m)	(64m)	(26m)
Treasury Stock	(48B)	(50.7B)	(51.7B)	(52.2B)	(52B)	(51.6B)	(52.6B)	(54.5B)	(55.9B)	(56.4B)
Other Equity	(11.5B)	(10.8B)	(12.9B)	(13.6B)	(14.6B)	(14.3B)	(14.9B)	(14.3B)	(16.8B)	(14.1B)
Total Equity	23.1B	17.1B	17B	19B	19.3B	23B	24.1B	25.9B	24.9B	32.2B
Total Liabilities & Equity	87.3B	87.9B	83.2B	86.4B	87.3B	94.4B	92.8B	97.7B	100.5B	104.8B
Common Shares Outstanding	4.3B	4.3B	4.3B	4.3B	4.3B	4.3B	4.3B	4.3B	4.3B	4.3B