COCA COLA CO 10-Q form for quarterly period ended 2024-06-28, page 4: 
THE COCA-COLA COMPANY AND SUBSIDIARIES


CONSOLIDATED BALANCE SHEETS

(In millions except par value)
|    |                                                                                                 |              |                  |          |    |        |
|---:|:------------------------------------------------------------------------------------------------|:-------------|:-----------------|:---------|:---|:-------|
|  1 |                                                                                                 | June 28,2024 | December 31,2023 |          |    |        |
|  2 | ASSETS                                                                                          |              |                  |          |    |        |
|  3 | Current Assets                                                                                  |              |                  |          |    |        |
|  4 | Cash and cash equivalents                                                                       | $            | 13,708           |          | $  | 9,366  |
|  5 | Short-term investments                                                                          | 3,691        |                  | 2,997    |    |        |
|  6 | Total Cash, Cash Equivalents and Short-Term Investments                                         | 17,399       |                  | 12,363   |    |        |
|  7 | Marketable securities                                                                           | 1,594        |                  | 1,300    |    |        |
|  8 | Trade accounts receivable, less allowances of $502 and $502, respectively                       | 4,545        |                  | 3,410    |    |        |
|  9 | Inventories                                                                                     | 4,763        |                  | 4,424    |    |        |
| 10 | Prepaid expenses and other current assets                                                       | 3,298        |                  | 5,235    |    |        |
| 11 | Total Current Assets                                                                            | 31,599       |                  | 26,732   |    |        |
| 12 | Equity method investments                                                                       | 18,940       |                  | 19,671   |    |        |
| 13 | Other investments                                                                               | 167          |                  | 118      |    |        |
| 14 | Other noncurrent assets                                                                         | 7,274        |                  | 7,162    |    |        |
| 15 | Deferred income tax assets                                                                      | 1,409        |                  | 1,561    |    |        |
| 16 | Property, plant and equipment, less accumulated depreciation of $9,492 and $9,233, respectively | 9,508        |                  | 9,236    |    |        |
| 17 | Trademarks with indefinite lives                                                                | 13,510       |                  | 14,349   |    |        |
| 18 | Goodwill                                                                                        | 18,324       |                  | 18,358   |    |        |
| 19 | Other intangible assets                                                                         | 471          |                  | 516      |    |        |
| 20 | Total Assets                                                                                    | $            | 101,202          |          | $  | 97,703 |
| 21 | LIABILITIES AND EQUITY                                                                          |              |                  |          |    |        |
| 22 | Current Liabilities                                                                             |              |                  |          |    |        |
| 23 | Accounts payable and accrued expenses                                                           | $            | 21,909           |          | $  | 15,485 |
| 24 | Loans and notes payable                                                                         | 3,793        |                  | 4,557    |    |        |
| 25 | Current maturities of long-term debt                                                            | 1,939        |                  | 1,960    |    |        |
| 26 | Accrued income taxes                                                                            | 1,622        |                  | 1,569    |    |        |
| 27 | Total Current Liabilities                                                                       | 29,263       |                  | 23,571   |    |        |
| 28 | Long-term debt                                                                                  | 38,085       |                  | 35,547   |    |        |
| 29 | Other noncurrent liabilities                                                                    | 4,077        |                  | 8,466    |    |        |
| 30 | Deferred income tax liabilities                                                                 | 2,366        |                  | 2,639    |    |        |
| 31 | The Coca-Cola Company Shareowners' Equity                                                       |              |                  |          |    |        |
| 32 | Common stock, $0.25 par value; authorized - 11,200 shares; issued - 7,040 shares                | 1,760        |                  | 1,760    |    |        |
| 33 | Capital surplus                                                                                 | 19,468       |                  | 19,209   |    |        |
| 34 | Reinvested earnings                                                                             | 75,189       |                  | 73,782   |    |        |
| 35 | Accumulated other comprehensive income (loss)                                                   | (15,458)     |                  | (14,275) |    |        |
| 36 | Treasury stock, at cost - 2,731 and 2,732 shares, respectively                                  | (55,106)     |                  | (54,535) |    |        |
| 37 | Equity Attributable to Shareowners of The Coca-Cola Company                                     | 25,853       |                  | 25,941   |    |        |
| 38 | Equity attributable to noncontrolling interests                                                 | 1,558        |                  | 1,539    |    |        |
| 39 | Total Equity                                                                                    | 27,411       |                  | 27,480   |    |        |
| 40 | Total Liabilities and Equity                                                                    | $            | 101,202          |          | $  | 97,703 |

Refer to Notes to Consolidated Financial Statements.

4




, COCA COLA CO 10-Q form for quarterly period ended 2024-06-28, page 5: 
THE COCA-COLA COMPANY AND SUBSIDIARIES


CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)
|    |                                                                                                                      |                  |              |         |    |        |
|---:|:---------------------------------------------------------------------------------------------------------------------|:-----------------|:-------------|:--------|:---|:-------|
|  1 |                                                                                                                      | Six Months Ended |              |         |    |        |
|  2 |                                                                                                                      | June 28,2024     | June 30,2023 |         |    |        |
|  3 | Operating Activities                                                                                                 |                  |              |         |    |        |
|  4 | Consolidated net income                                                                                              | $                | 5,586        |         | $  | 5,634  |
|  5 | Adjustments to reconcile consolidated net income to net cash provided by operating activities:                       |                  |              |         |    |        |
|  6 | Depreciation and amortization                                                                                        | 531              |              | 567     |    |        |
|  7 | Stock-based compensation expense                                                                                     | 140              |              | 120     |    |        |
|  8 | Deferred income taxes                                                                                                | (202)            |              | (211)   |    |        |
|  9 | Equity (income) loss - net of dividends                                                                              | (274)            |              | (467)   |    |        |
| 10 | Foreign currency adjustments                                                                                         | (87)             |              | 34      |    |        |
| 11 | Significant (gains) losses - net                                                                                     | (1,398)          |              | (442)   |    |        |
| 12 | Other operating charges                                                                                              | 2,867            |              | 1,375   |    |        |
| 13 | Other items                                                                                                          | (66)             |              | (225)   |    |        |
| 14 | Net change in operating assets and liabilities                                                                       | (2,984)          |              | (1,756) |    |        |
| 15 | Net Cash Provided by Operating Activities                                                                            | 4,113            |              | 4,629   |    |        |
| 16 | Investing Activities                                                                                                 |                  |              |         |    |        |
| 17 | Purchases of investments                                                                                             | (3,827)          |              | (2,103) |    |        |
| 18 | Proceeds from disposals of investments                                                                               | 2,662            |              | 1,608   |    |        |
| 19 | Acquisitions of businesses, equity method investments and nonmarketable securities                                   | (25)             |              | (43)    |    |        |
| 20 | Proceeds from disposals of businesses, equity method investments and nonmarketable securities                        | 2,907            |              | 320     |    |        |
| 21 | Purchases of property, plant and equipment                                                                           | (792)            |              | (615)   |    |        |
| 22 | Proceeds from disposals of property, plant and equipment                                                             | 21               |              | 38      |    |        |
| 23 | Collateral (paid) received associated with hedging activities - net                                                  | (76)             |              | (15)    |    |        |
| 24 | Other investing activities                                                                                           | 127              |              | 44      |    |        |
| 25 | Net Cash Provided by (Used in) Investing Activities                                                                  | 997              |              | (766)   |    |        |
| 26 | Financing Activities                                                                                                 |                  |              |         |    |        |
| 27 | Issuances of loans, notes payable and long-term debt                                                                 | 6,832            |              | 4,638   |    |        |
| 28 | Payments of loans, notes payable and long-term debt                                                                  | (4,734)          |              | (2,366) |    |        |
| 29 | Issuances of stock                                                                                                   | 437              |              | 359     |    |        |
| 30 | Purchases of stock for treasury                                                                                      | (874)            |              | (1,084) |    |        |
| 31 | Dividends                                                                                                            | (2,184)          |              | (2,089) |    |        |
| 32 | Other financing activities                                                                                           | (9)              |              | (456)   |    |        |
| 33 | Net Cash Provided by (Used in) Financing Activities                                                                  | (532)            |              | (998)   |    |        |
| 34 | Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents           | (357)            |              | 162     |    |        |
| 35 | Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents                                              |                  |              |         |    |        |
| 36 | Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period | 4,221            |              | 3,027   |    |        |
| 37 | Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period                       | 9,692            |              | 9,825   |    |        |
| 38 | Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Period                             | 13,913           |              | 12,852  |    |        |
| 39 | Less: Restricted cash and restricted cash equivalents at end of period                                               | 205              |              | 288     |    |        |
| 40 | Cash and Cash Equivalents at End of Period                                                                           | $                | 13,708       |         | $  | 12,564 |

Refer to Notes to Consolidated Financial Statements.

5






Question: What is the Cash Flow to Debt Ratio for Coca-Cola for the six months ended June 28, 2024?
Answer: Cash Flow to Debt Ratio = Operating Cash Flow / Total Debt = 4,113 / (3,793 + 1,939 + 38,085) = 0.09