Financial Statements
Basic Financial Statements
Balance Sheet
Income Statement
Statement of Retained Earnings
Statement of Cash Flows
Notes to the Financial Statements
The Balance Sheet
What you own (Assets) minus what you owe (Liabilities)
The difference is the owners equity (Sole Proprietor) or
shareholders equity (Corporation)
It BALANCES!
The
Accounting Equation: Assets = Liabilities +
Owners/Shareholders Equity
It is a snapshot of our account balances on one particular
date
Sample Balance Sheet
Good Form!
Bobbis Bakery
Balance Sheet
December 31, 2015
Assets
Liabilities
Current Assets
Cash
Current Liabilities
$12,300
Accounts Payable
$ 3,250
Accounts Receivable
2,300
Accrued Expenses
340
Inventory
1,890
Unearned Revenue
Prepaid Rent
1,500 Total Current Liabilities
Total Current Assets
17,990
Long-Term Assets
Baking Equipment
8,900
(2,543)
Net Baking Equip.
6,357
TOTAL ASSETS
5,690
Owners Equity
Owners Equity
Accumulated Deprec.
Total Long-Term Assets
2,100
Common Stock
10,000
Additional Paid-In Capital
2,000
Retained Earnings
6,657
6,357 Total Owners Equity
$24,347 TOTAL LIABILITIES & OWNERS EQUITY
A = L + OE
18,657
24,347
Sample Balance Sheet
Bobbis Bakery
Balance Sheet
December 31, 2015
Order of
Liquidity
Assets
Liabilities
Current Assets
Cash
Order of
Payment Due
Current Liabilities
$12,300
Accounts Payable
$ 3,250
Accounts Receivable
2,300
Accrued Expenses
340
Inventory
1,890
Unearned Revenue
Prepaid Rent
1,500 Total Current Liabilities
Total Current Assets
17,990
Long-Term Assets
Baking Equipment
8,900
(2,543)
Net Baking Equip.
6,357
TOTAL ASSETS
5,690
Owners Equity
Owners Equity
Accum. Depreciation
Total Long-Term Assets
2,100
Common Stock
10,000
Additional Paid-In Capital
2,000
Retained Earnings
6,657
6,357 Total Owners Equity
$24,347 TOTAL LIABILITIES & OWNERS EQUITY
18,657
24,347
THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2014
2013
8,958
9,052
$ 10,414
6,707
18,010
17,121
3,665
4,466
3,100
3,066
679
3,147
4,873
3,277
2,886
TOTAL CURRENT ASSETS
32,986
31,304
EQUITY METHOD INVESTMENTS
OTHER INVESTMENTS
OTHER ASSETS
PROPERTY, PLANT AND EQUIPMENT net
TRADEMARKS WITH INDEFINITE LIVES
BOTTLERS FRANCHISE RIGHTS WITH INDEFINITE LIVES
GOODWILL
OTHER INTANGIBLE ASSETS
9,947
3,678
4,407
14,633
6,533
6,689
12,100
1,050
10,393
1,119
4,661
14,967
6,744
7,415
12,312
1,140
$ 92,023
$ 90,055
9,234
19,130
3,552
400
58
$ 9,577
16,901
1,024
309
TOTAL CURRENT LIABILITIES
32,374
27,811
LONG-TERM DEBT
OTHER LIABILITIES
DEFERRED INCOME TAXES
THE COCA-COLA COMPANY SHAREOWNERS EQUITY
Common stock, $0.25 par value; Authorized 11,200 shares;
Issued 7,040 and 7,040 shares, respectively
Capital surplus
Reinvested earnings
Accumulated other comprehensive income (loss)
Treasury stock, at cost 2,674 and 2,638 shares, respectively
19,063
4,389
5,636
19,154
3,498
6,152
1,760
13,154
63,408
(5,777)
(42,225)
30,320
1,760
12,276
61,660
(3,432)
(39,091)
33,173
(In millions except par value)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Short-term investments
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Marketable securities
Trade accounts receivable, less allowances of $331 and $61, respectively
Inventories
Prepaid expenses and other assets
Assets held for sale
TOTAL ASSETS
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses
Loans and notes payable
Current maturities of long-term debt
Accrued income taxes
Liabilities held for sale
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY
Refer to Notes to Consolidated Financial Statements.
75
241
267
30,561
33,440
$ 92,023
$ 90,055