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284 Project Spring 2019Here Is what you need to answer All of the 4 project parts!You will find the questions on (Project Template Spring 2019)Please ask me immediately if you have any questions!
284_project_hints_spring_2019.doc

project_template_spring_2019.doc

coca_cola_2017_10k.pdf

pepsico_inc_2017_annual_report.pdf

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Accounting 284 Project Hints
Spring 2019
General Hints
1. Earnings per Share (EPS) – always use “basic” not diluted
*Do not calculate EPS, use the amount given in the Income Statement.
2. Fixed assets = Property, Plant, and Equipment = Property and Equipment
3. Cash Paid for PPE = Capital expenditures and is on the SCF in the investing section
4. Total revenue = Total Sales = Sales Revenue = Net Sales = Net Sales Revenue
5. Net Income = Net Earnings
6. Ignore ( )’s around interest expense and/or tax expense…use it as a positive number
7. Stock information is usually found in the shareholders’ equity section of the balance
sheet. Otherwise you can find shares on the Statement of Shareholders’ Equity or
elsewhere in the annual report. If number of shares is reported on the balance sheet, do
not search for it elsewhere.
8. Outstanding shares = Issued shares – Treasury Shares
9. Gross Accts Rec = Net Accts Rec + Allowance for DA
10. “Beginning” figures are the same as last year’s “Ending”.
11. Income tax Expense = Provision for income tax, Taxes on income, Taxes on earnings
12. Effective tax rate = Income tax expense / Pretax income (pretax income also called
income before income tax)
13. IGNORE Consolidated Statement of Comprehensive Income
14. (Current) Market Price per Share (these are the same thing as stock price)
*use most recent quarter information (4th Quarter) high price
*See company specific hints for specific page
15. Cost of Goods Sold = Cost of products sold = Cost of sales = Cost of revenue
16. When computing Times Interest Earned (TIE), add interest expense and tax expense
back to net income.
17. Deduct total stockholders’ equity from “Total liabilities and stockholders’ equity” to
determine total liabilities if not given.
1
18. Common stock par value, state of incorporation, and stock exchange is on the first
page of 10-K report
19. Dividends declared (#20 on part 1) is found in the Statement of Stockholders’ Equity
in the Retained earnings column. Be sure to go to bottom for most recent year.
20. For % change in part 3, you take (Current Year – Last Year)/Last Year
21. To do horizontal analysis for total assets (i.e., % change in total assets), you have to
use Selected Financial Data or multiyear summary to get assets from two years ago
(see company specific hints below).
22. Part 3 ratios for the current year are the same as the ratios you determined in Part
2. You are re-entering them in part 3 to allow comparison to the prior year.
23. For all “average” items, take last year plus this year divided by 2.
COMPANY SPECIFIC HINTS
PepsiCo:
1. Enter Interest expense as a positive number. It is shown as a negative number because
it is an expense and therefore reduces income.
2. Stock price (market price), is found on p. 42 in Part II Item 5 of Form 10-K. Use the
4th quarter HIGH price. Stock ticker is found in same location.
3. Allowance for Doubtful accounts is shown in Note 13
4. Use “Net Income” for all income inputs…DO NOT USE Net Income attributable to
PepsiCo
5. Use Net Revenue for net sales and revenues
6. COGS = cost of sales
7. Total assets for 2015 are shown in Item 6 on p. 39
8. Use Accounts and Notes Receivable, Net for Account Receivable, Net
9. The Audit report which shows the company’s auditor appears AFTER the footnotes to
the financial statements.
10. Use “total equity” for common stockholders’ equity
11. Net Property and equipment = net PPE = net fixed assets
12. Company has no outstanding preferred stock and therefore NO preferred dividends
Coca-Cola:
1. Use Consolidated Net Income for all Net Income inputs
2. Total assets for 2015 are found in Item 6 on p. 28 of report
3. To determine Total Liabilities, take Total Liabilities and Equity – Total Equity
4. Use Net Operating Revenues for net sales and revenues
5. Market Price(Stock Price) is found in Part II Item 5 on p. 26. Use 4th quarter high
price.
6. Use “total equity” for common stockholders’ equity
7. Net Property and equipment = net PPE = net fixed assets
2
8. Company has no outstanding preferred stock and therefore NO preferred dividends
3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
 NNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
A
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2017
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from
to
Commission File Number 001-02217
(Exact name of Registrant as specified in its charter)
DELAWARE
58-0628465
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
One Coca-Cola Plaza,
Atlanta, Georgia
30313
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (404) 676-2121
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange on which registered
Common Stock, $0.25 Par Value
Floating Rate Notes Due 2019
Floating Rate Notes Due 2019
0.000% Notes Due 2021
1.125% Notes Due 2022
0.75% Notes Due 2023
0.500% Notes Due 2024
1.875% Notes Due 2026
1.125% Notes Due 2027
1.625% Notes Due 2035
1.100% Notes Due 2036
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
No
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes
No
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes
No
Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the Registrant was required to submit and post such files). Yes
No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein,
and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of
this Form 10-K or any amendment to this Form 10 K.
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting
company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
Accelerated filer
Non-accelerated filer   Smaller reporting company
Emerging growth company
(Do not check if a smaller reporting company)
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark if the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes
No
The aggregate market value of the common equity held by non-affiliates of the Registrant (assuming for these purposes, but without conceding,
that all executive officers and Directors are “affiliates” of the Registrant) as of June 30, 2017, the last business day of the Registrant’s most recently
completed second fiscal quarter, was $189,848,200,565 (based on the closing sale price of the Registrant’s Common Stock on that date as reported on
the New York Stock Exchange).
The number of shares outstanding of the Registrant’s Common Stock as of February 16, 2018, was 4,265,906,533.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Company’s Proxy Statement for the Annual Meeting of Shareowners to be held on April 25, 2018, are incorporated by
reference in Part III.
THE COCA-COLA COMPANY AND SUBSIDIARIES
Table of Contents
Page
Forward-Looking Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unresolved Staff Comments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mine Safety Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Officers of the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
10
20
20
21
22
23
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and
  Issuer Purchases of Equity Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 6.
Selected Financial Data. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations. . . . . . . . . . . . . . . . . . . . . . . .
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 8.
Financial Statements and Supplementary Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. . . . . . . . . . . . . . . . . . . . . . . .
Item 9A. Controls and Procedures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 9B.
Other Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
28
28
69
71
152
152
152
Part I
Item 1.
Item 1A.
Item 1B.
Item 2.
Item 3.
Item 4.
Item X.
Part II
Part III
Item 10.
Directors, Executive Officers and Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 11.
Executive Compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 12.
Security Ownership of Certain Beneficial Owners and Management and
  Related Stockholder Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 13.
Certain Relationships and Related Transactions, and Director Independence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Item 14.
Principal Accountant Fees and Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
153
153
153
153
153
Part IV
Item 15.
Item 16.
Exhibits and Financial Statement Schedules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Form 10-K Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Signatures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
154
163
163
FORWARD-LOOKING STATEMENTS
This report contains information that may constitute “forward-looking statements.” Generally, the words “believe,” “expect,” “intend,”
“estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in
nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that
address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating
to volume growth, share of sales and earnings per share growth, and statements expressing general views about future operating results —
are forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However,
caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the
date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks
and uncertainties that could cause our Company’s actual results to differ materially from historical experience and our present expectations
or projections. These risks and uncertainties include, but are not limited to, those described in Part I, “Item 1A. Risk Factors” and elsewhere
in this report and those described from time to time in our future reports filed with the Securities and Exchange Commission.
1
PART I
ITEM 1. BUSINESS
In this report, the terms “The Coca-Cola Company,” “Company,” “we,” “us” and “our” mean The Coca-Cola Company and all entities
included in our consolidated financial statements.
General
The Coca-Cola Company is the world’s largest beverage company. We own or license and market more than 500 nonalcoholic
beverage brands, which we group into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks;
juice, dairy and plant-based beverages; tea and coffee; and energy drinks. We own and market four of the world’s top five nonalcoholic
sparkling soft drink brands: Coca-Cola, Diet Coke, Fanta and Sprite. Finished beverage products bearing our trademarks, sold in the
United States since 1886, are now sold in more than 200 countries.
We make our branded beverage products available to consumers throughout the world through our network of Company-owned or
-controlled bottling and distribution operations as well as independent bottling partners, distributors, wholesalers and retailers —
the world’s largest beverage distribution system. Beverages bearing trademarks owned by or licensed to us account for more than
1.9 billion of the approximately 60 billion servings of all beverages consumed worldwide every day.
We believe our success depends on our ability to connect with consumers by providing them with a wide variety of beverage options to
meet their desires, needs and lifestyles. Our success further depends on the ability of our people to execute effectively, every day.
Our objective is to use our Company’s assets — our brands, financial strength, unrivaled distribution system, global reach, and the
talent and strong commitment of our management and associates — to become more competitive and to accelerate growth in a
manner that creates value for our shareowners.
We were incorporated in September 1919 under the laws of the State of Delaware and succeeded to the business of a Georgia
corporation with the same name that had been organized in 1892.
Operating Segments
The Company’s operating structure is the basis for our internal financial reporting. As of December 31, 2017, our operating structure
included the following operating segments, the first five of which are sometimes referred to as “operating groups” or “groups”:
• Europe, Middle East and Africa
• Latin America
• North America
• Asia Pacific
• Bottling Investments
• Corporate
Except to the extent that differences among operating segments are material to an understanding of our business taken as a whole, the
description of our business in this report is presented on a consolidated basis.
For financial information about our operating segments and geographic areas, refer to Note 19 of Notes to Consolidated Financial
Statements set forth in Part II, “Item 8. Financial Statements and Supplementary Data” of this report, incorporated herein by
reference. For certain risks attendant to our non-U.S. operations, refer to “Item 1A. Risk Factors” below.
Products and Brands
As used in this report:
• “concentrates” means flavoring ingredients and, depending on the product, sweeteners used to prepare syrups or finished
beverages and includes powders or minerals for purified water products such as Dasani;
• “syrups” means beverage ingredients produced by combining concentrates and, depending on the product, sweeteners and
added water;
• “fountain syrups” means syrups that are sold to fountain retailers, such as restaurants and convenience stores, which use
dispensing equipment to mix the syrups with sparkling or still water at the time of purchase to produce finished beverages that
are served in cups or glasses for immediate consumption;
2
• “Company Trademark Beverages” means beverages bearing our trademarks and certain other beverage products bearing
trademarks licensed to us by third parties for which we provide marketing support and from the sale of which we derive
economic benefit; and
• “Trademark Coca-Cola Beverages” or “Trademark Coca-Cola” means beverages bearing the trademark Coca-Cola or any
trademark that includes Coca-Cola or Coke (that is, Coca-Cola, Coca-Cola Life, Diet Coke/Coca-Cola Light and Coca-Cola
Zero Sugar and all their variations and any line extensions, including caffeine free Diet Coke, Cherry Coke, etc.). Likewise,
when we use the capitalized word “Trademark” together with the name of one of our other beverage products (such as
“Trademark Fanta,” “Trademark Sprite” or “Trademark Simply”), we mean beverages bearing the indicated trademark (that
is, Fanta, Sprite or Simply, respectively) and all its variations and line extensions (such that “Trademark Fanta” includes Fanta
Orange, Fanta Zero Orange, Fanta Apple, etc.; “Trademark Sprite” includes Sprite, Diet Sprite, Sprite Zero, Sprite Light, etc.;
and “Trademark Simply” includes Simply Orange, Simply Apple, Simply Grapefr …
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