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Categories: Corporate Results

The Coca-Cola Company Reports Fourth Quarter and Full Year 2005 Results

Source: The Coca-Cola Company
07/02/2006

-Revenues grew 7 percent for the quarter and 6 percent for the full year.

-Worldwide unit case volume grew 4 percent in the fourth quarter and for the full year, which is at the top end of the Company's long-term growth targets. The Company surpassed 20 billion in annual unit case sales for the first time in its history.

-Cash from operations increased 8 percent for the full year, to $6.4 billion, with the Company returning $4.7 billion to shareowners during the year.

-Earnings per share were $0.36 for the quarter and $2.04 for the full year, but were $0.46 for the quarter and $2.17 for the full year after considering items impacting comparability.

Daily News Alerts

Atlanta, February 07, 2006 - The Coca-Cola Company today reported fourth quarter earnings per share of $0.36, which included a net charge of $0.10 per share due to an accrual for taxes of $0.08 per share related to the repatriation of foreign earnings and $0.02 per share for charges incurred by an equity investee. For the full year, earnings per share were $2.04, which included a net charge of $0.13 per share. 2004 earnings per share for the quarter and full year were $0.50 and $2.00, respectively, which included a net benefit of $0.04 per share in the quarter and a net charge of $0.06 per share for the full year. A reconciliation is provided on pages 21 to 23 of this release.

Neville Isdell, chairman and chief executive officer, said, "This quarter we made further progress toward achieving consistent top-line growth in our business. It completes a transition year in which the Company delivered solid unit case volume growth that was well balanced between carbonated soft drinks and noncarbonated beverages. Given our performance in 2005, including progress in key markets, and a well-developed pipeline of innovation and marketing, we will assess ourselves against our long-term growth targets beginning in 2006 and beyond."

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