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