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Introduction
Letter to Shareowners
Financial Highlights
The Company Today
Performance Review
Board of Directors
Management
Policy and Statements
Shareowner Information
2005 Annual Report on
Form 10-K
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| Net Income Per Share |
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Operating Income
(in millions) |
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Financial Highlights
| Year ended December 31, |
2005 |
2004 |
Percent Change |
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| (in millions except per share data, percent change and unit case volume) |
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| Net operating revenues |
$ 23,104 |
$ 21,742 |
6% |
| Operating income |
$ 6,085 |
$ 5,698 |
7% |
| Net income |
$ 4,872 |
$ 4,847 |
1% |
| Net income per share (basic and diluted) |
$ 2.041 |
$ 2.002 |
2% |
| Net cash provided by operating activities |
$ 6,423 |
$ 5,968 |
8% |
| Dividends paid |
$ 2,678 |
$ 2,429 |
10% |
| Share repurchase activity |
$ 2,019 |
$ 1,754 |
15% |
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| Unit case volume (in billions) |
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| International operations |
14.8 |
14.1 |
5% |
| North America operations |
5.8 |
5.7 |
2% |
| Worldwide |
20.6 |
19.8 |
4% |

| 1 |
2005 basic and diluted net income per share included a net decrease of $0.13 as a result of the following items: a $0.13 per share decrease related to taxes recorded on the repatriation of previously unremitted foreign earnings under the American Jobs Creation Act; a $0.04 per share decrease related to impairment charges from write-downs of certain trademarks; a $0.02 per share decrease related to a change in an estimate used in accounting for stock-based compensation awards; a $0.01 per share decrease related to the Company's proportionate share of significant nonoperating items at one of our equity method investees, Coca-Cola Enterprises Inc. (CCE); a $0.04 per share increase related to reversals of previously accrued taxes resulting from favorable resolution of tax matters; a $0.01 per share increase related to the settlement of a class-action lawsuit concerning price fixing by one of the Company's vendors; and a $0.01 per share increase related to gains on issuances of stock by one of our Company's equity method investees, Coca-Cola Amatil Limited. Per share amounts do not add due to rounding. |
| 2 |
2004 basic and diluted net income per share included a net decrease of $0.06 as a result of the following items: a $0.13 per share decrease related to impairment charges from write-downs of certain manufacturing investments, an intangible asset, and franchise rights; a $0.03 per share decrease related to the recognition of a valuation allowance on certain deferred taxes of Coca-Cola Erfrischungsgetränke AG; a $0.02 per share decrease related to a donation to The Coca-Cola Foundation; a $0.05 per share increase related to reversals of previously accrued taxes resulting from favorable resolution of tax matters; a $0.02 per share increase resulting from the realization of certain tax credits related to new tax legislation; a $0.02 per share increase due to an insurance settlement related to the class-action lawsuit that was settled in 2000; a $0.01 per share increase for the Company's proportionate share of a favorable tax settlement related to one of our equity method investees, Coca-Cola FEMSA, S.A. de C.V.; and a $0.01 per share increase related to gains on issuances of stock by CCE. Per share amounts do not add due to rounding. |
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