Global Unit Case Volume Grew 2% for the Quarter and 1% for the Full Year
Net Revenues Grew 6% for the Quarter and 3% for the Full Year;
Organic Revenues (Non-GAAP) Grew 14% for the Quarter and 12% for the Full Year
Operating Income Grew 19% for the Quarter and Declined 12% for the Full Year;
Comparable Currency Neutral Operating Income (Non-GAAP) Grew 22% for the Quarter and 16% for the Full Year
Fourth Quarter EPS Grew 12% to $0.51; Comparable EPS (Non-GAAP) Grew 12% to $0.55;
Full Year EPS Declined Slightly to $2.46; Comparable EPS (Non-GAAP) Grew 7% to $2.88
Cash Flow from Operations was $6.8 Billion for the Full Year, Down 41%;
Free Cash Flow (Non-GAAP) was $4.7 Billion for the Full Year, Down 51%;
Free Cash Flow Excluding the IRS Tax Litigation Deposit (Non-GAAP) was $10.8 Billion for the Full Year, Up 11%
The Coca-Cola Company in its Fourth Quarter and Full Year 2024 Results highlighted continued momentum in an industry full of growth opportunities. “Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments,” said James Quincey, Chairman and CEO of The Coca-Cola Company. He further added, “Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”
India highlights:
• In January, February and December 2024, the company refranchised our bottling operations in certain territories in India.
• During the three months and year ended December 31, 2024, the company recorded net gains of $13 million and $303 million, respectively, related to the refranchising of our bottling operations in certain territories in India.
• During the year ended December 31, 2024, the company incurred $7 million of transaction costs related to the refranchising of our bottling operations in certain territories in India.
• For the full year, unit case volume grew 1%, led by Brazil, India and Mexico.