AI English summary of an SEC filing — figures as filed
The Coca-Cola Company KOThe company said total cash outflow for treasury stock purchases in 2023 was $2,289 million. Under the 2019 Plan, it repurchased 36.9 million shares at an average price of $59.08 per share, for a total cost of $2,177 million.
Key points
AI summaryThe company said total cash outflow for treasury stock purchases in 2023 was $2,289 million. Under the 2019 Plan, it repurchased 36.9 million shares at an average price of $59.08 per share, for a total cost of $2,177 million.
The company said it paid dividends of $7,952 million in 2023 (2022: $7,616 million). In February 2024, its Board of Directors raised the regular quarterly dividend to $0.485 per share, equal to a full-year dividend of $1.94 per share.
The company said it had debt issuances of $6,891 million in 2023, including $6,436 million of commercial paper and short-term debt with maturities greater than 90 days. Debt payments for the same year were $5,034 million.
The company said the total impact of currency exchange rate changes, including hedging effects, decreased net operating revenues by 4% and decreased income before income taxes by 8% in 2023 (the impact in 2022 was decreases of 7% and 6%, respectively). Net foreign exchange losses in 2023 were $312 million.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $45.8B
- Operating income
- $11.3B
- Net income
- $10.7B
- EPS
- $2.47
- Gross profit
- $27.2B
- Operating cash flow
- $11.6B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2023 Treasury Stock Purchases Cash Outflow $2,289 million
The company said total cash outflow for treasury stock purchases in 2023 was $2,289 million. Under the 2019 Plan, it repurchased 36.9 million shares at an average price of $59.08 per share, for a total cost of $2,177 million.
Source · Based on the MD&A text of the filing
2023 Dividend Payments of $7,952 million and 2024 Dividend Increase
The company said it paid dividends of $7,952 million in 2023 (2022: $7,616 million). In February 2024, its Board of Directors raised the regular quarterly dividend to $0.485 per share, equal to a full-year dividend of $1.94 per share.
Source · Based on the MD&A text of the filing
2023 Debt Issuances $6,891 million, Repayments $5,034 million
The company said it had debt issuances of $6,891 million in 2023, including $6,436 million of commercial paper and short-term debt with maturities greater than 90 days. Debt payments for the same year were $5,034 million.
Source · Based on the MD&A text of the filing
Impact of Currency Exchange Rate Changes on Revenue and Pretax Income
The company said the total impact of currency exchange rate changes, including hedging effects, decreased net operating revenues by 4% and decreased income before income taxes by 8% in 2023 (the impact in 2022 was decreases of 7% and 6%, respectively). Net foreign exchange losses in 2023 were $312 million.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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