COCA COLA CO 10-Q form for quarterly period ended 2024-06-28, page 2: 
Item 1. Financial Statements


THE COCA-COLA COMPANY AND SUBSIDIARIES


CONSOLIDATED STATEMENTS OF INCOME

(In millions except per share data)

|    |                                                                  |                    |              |                  |              |              |        |        |        |    |        |
|---:|:-----------------------------------------------------------------|:-------------------|:-------------|:-----------------|:-------------|:-------------|:-------|:-------|:-------|:---|:-------|
|  1 |                                                                  | Three Months Ended |              | Six Months Ended |              |              |        |        |        |    |        |
|  2 |                                                                  | June 28,2024       | June 30,2023 |                  | June 28,2024 | June 30,2023 |        |        |        |    |        |
|  3 | Net Operating Revenues                                           | $                  | 12,363       |                  | $            | 11,972       |        | $      | 23,663 | $  | 22,952 |
|  4 | Cost of goods sold                                               | 4,812              |              | 4,912            |              |              | 9,047  | 9,229  |        |    |        |
|  5 | Gross Profit                                                     | 7,551              |              | 7,060            |              |              | 14,616 | 13,723 |        |    |        |
|  6 | Selling, general and administrative expenses                     | 3,549              |              | 3,321            |              |              | 6,900  | 6,506  |        |    |        |
|  7 | Other operating charges                                          | 1,370              |              | 1,338            |              |              | 2,943  | 1,449  |        |    |        |
|  8 | Operating Income                                                 | 2,632              |              | 2,401            |              |              | 4,773  | 5,768  |        |    |        |
|  9 | Interest income                                                  | 275                |              | 224              |              |              | 521    | 392    |        |    |        |
| 10 | Interest expense                                                 | 418                |              | 374              |              |              | 800    | 746    |        |    |        |
| 11 | Equity income (loss) - net                                       | 537                |              | 538              |              |              | 891    | 813    |        |    |        |
| 12 | Other income (loss) - net                                        | 2                  |              | 91               |              |              | 1,515  | 706    |        |    |        |
| 13 | Income Before Income Taxes                                       | 3,028              |              | 2,880            |              |              | 6,900  | 6,933  |        |    |        |
| 14 | Income taxes                                                     | 627                |              | 359              |              |              | 1,314  | 1,299  |        |    |        |
| 15 | Consolidated Net Income                                          | 2,401              |              | 2,521            |              |              | 5,586  | 5,634  |        |    |        |
| 16 | Less: Net income (loss) attributable to noncontrolling interests | (10)               |              | (26)             |              |              | (2)    | (20)   |        |    |        |
| 17 | Net Income Attributable to Shareowners of The Coca-Cola Company  | $                  | 2,411        |                  | $            | 2,547        |        | $      | 5,588  | $  | 5,654  |
| 18 | Basic Net Income Per Share1                                      | $                  | 0.56         |                  | $            | 0.59         |        | $      | 1.30   | $  | 1.31   |
| 19 | Diluted Net Income Per Share1                                    | $                  | 0.56         |                  | $            | 0.59         |        | $      | 1.29   | $  | 1.30   |
| 20 | Average Shares Outstanding - Basic                               | 4,309              |              | 4,325            |              |              | 4,309  | 4,325  |        |    |        |
| 21 | Effect of dilutive securities                                    | 10                 |              | 16               |              |              | 12     | 18     |        |    |        |
| 22 | Average Shares Outstanding - Diluted                             | 4,319              |              | 4,341            |              |              | 4,321  | 4,343  |        |    |        |

1 Calculated based on net income attributable to shareowners of The Coca-Cola Company.

Refer to Notes to Consolidated Financial Statements.

2




, 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






Question: What is the Days Payable Outstanding (DPO) for Coca-Cola for the six months ended June 28, 2024?
Answer:  DPO = (Accounts Payable / Cost of Goods Sold) * Number of Days = ((21,909 + 15,485) / 2) / 9,047 * 180 = 360.00 days