How the beverage giant spent $46 billion over the last four fiscal quarters.

1. Coca-Cola's Billions
How the beverage giant spends its revenue

2. $46billionCoca-Cola's revenue (ttm)

3. $48 billion
$46 billion
$44 billion
TurkmenistanCoca-ColaSerbia
If Coca-Cola were a country...

4. The S&P 500 Companies, Ranked by Revenue
Coca-Cola:
58th
$500
Billion

5. Not all of this falls to the bottom line.

6. 76%
Where does Coca-Cola's revenue go?
$46
Billion
Expenses ate up $36.1 billion.$36.1 billion

7. Where does Coca-Cola's revenue go?
76%
5%
$46
Billion
Taxes accounted for another $2.3 billion.$2.3 billion

8. Where does Coca-Cola's revenue go?
76%
5%
19%
$46
Billion
Leaving net income of $6.9 billion

9. Where does Coca-Cola's revenue go?
76%
5%
15%
19%
$46
Billion
From this, it paid dividends totaling $7 billion

10. Where does Coca-Cola's revenue go?
76%
5%
15%
4%
19%
$46
Billion
And bought back common stock worth $2 billion
And bought back common stock worth $2 billion, yielding a
total payout ratio above 100%.

11. Interesting
observations2

12. First, while Coca-Cola paid out more capital than it
earned over the last 12 months, it's in good company.
178%
168%
143% 141%
132% 130% 126% 123%
109% 105%
PEP BA MMM COST HD KO CAT UPS DIS ORCL
10 Companies with High Total Payout Ratios
The total payout ratio measures the sum of dividends and stock
buybacks as a percent of net income, trailing twelve months

13. Second, Coca-Cola enjoys wider profit
margins than the typical large cap stock.
19%
Coca-Cola's pretax
operating margin (ttm)
17%
Median pretax operating
margin of the 100 biggest
S&P 500 companies (ttm)

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