The Coca-Cola Company 2003 Summary Annual Report
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Glossary of Terms
Return on Capital
Income before changes in accounting principles (adding back interest expense, net of related taxes) divided by average total capital.
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Return on Common Equity
Income before changes in accounting principles divided by average common share-owner’s equity.
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Serving
Eight U.S. fluid ounces of a finished beverage.
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Syrup
Concentrate mixed with sweetener and water, sold to bottlers and customers who add carbonated water to produce finished carbonated soft drinks.
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Total Capital
Share-owners’ equity plus interest-bearing debt.
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Total Market Value of Common Stock
Stock price as of a date multiplied by the number of shares outstanding as of the same date.
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Trademark Coca-Cola
All beverage products that include Coca-Cola or Coke in their name.
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Unit Case
Unit of measurement equal to 192 U.S. fluid ounces of finished beverage (24 servings).
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Unit Case Volume, or Volume
The number of unit cases (or unit case equivalents) of Company trademark or licensed beverage products directly or indirectly sold by the Coca-Cola system to customers. Volume primarily consists of beverage products bearing Company trademarks. Also included in volume are certain products licensed to our Company or owned by our bottling partners, for which our Company provides marketing support and derives profit from the sales. Such products licensed to our Company or owned by our bottling partners account for a minimal portion of total unit case volume.
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Forward-Looking Statements
This report may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Company’s historical experience and our present expectations or projections. These risks include, but are not limited to, changes in economic and political conditions; changes in the nonalcoholic beverages business environment, including actions of competitors and changes in consumer preferences; product boycotts; foreign currency and interest rate fluctuations; adverse weather conditions; the effectiveness of our advertising and marketing programs; fluctuations in the cost and availability of raw materials or necessary services; our ability to avoid production output disruptions; our ability to achieve earnings forecasts; our ability to effectively align ourselves with our bottling system; regulatory and legal changes; our ability to penetrate developing and emerging markets; litigation uncertainties; and other risks discussed in our Company’s filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca-Cola Company undertakes no obligation to publicly update or revise any forward-looking statements.
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