What does nonalcoholic beverages — goodwill mean?

The premium paid for past acquisitions that is recorded as an intangible asset on the balance sheet.

How do you interpret nonalcoholic beverages — goodwill?

High levels indicate a history of acquisition-led growth, while significant write-downs signal potential overpayment or declining business performance.

How does nonalcoholic beverages — goodwill compare across companies?

Standard balance sheet item for companies that grow through M&A; comparable to other consolidated bottlers.

Coca-Cola Consolidated, Inc. COKE Nonalcoholic Beverages — Goodwill

Discontinued — last reported Q4 '16

Similar metrics at other companies

CCKAmericas Beverage — Goodwill

$887M+7.3%

CCKEuropean Beverage — Goodwill

$590M+10.1%

MNSTAlcohol Brands — Goodwill And Other Intangible Assets

$11.2M-80.6%

STZBeer — Goodwill

$5.23B+2.1%

BROPrograms — Goodwill

$1.95B+5.3%

MKCConsumer — Goodwill

$1.59B+0.4%

Other financials

Income statement

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Revenue$1.8B+16.9%

Gross profit$727.1M+15.9%

Operating income$237.5M+25.1%

Net income$111.6M+7.7%

EPS (diluted)$1.67+40.3%

Balance sheet

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Cash & equivalents$232.9M-79.8%

Total debt$2.8B+44.7%

Total equity-$643.5M-143%

Total assets$4.4B-18.7%

Cash flow

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Operating cash flow$205.3M+3.6%

CapEx$63.1M-35.5%

Free cash flow$142.2M+41.7%

Valuation

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Market cap$12.08B+8.4%

Enterprise value$14.6B+22.1%

P/E20.9×+1.4×

P/S1.6×0.0×

Profitability

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Gross margin39.7%-0.1pp

Operating margin13.3%+0.3pp

Net margin7.7%-0.6pp

FCF margin8.8%+1.7pp

Returns & leverage

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Return on equity41.9%+4.2pp

Debt / equity1.2×-0.3×

Current ratio1.2×-0.8×

Where this comes from

Reported directly by Coca-Cola Consolidated, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Coca-Cola Consolidated, Inc.’s 10-K, filed March 14, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does nonalcoholic beverages — goodwill mean?: The premium paid for past acquisitions that is recorded as an intangible asset on the balance sheet.
How do you interpret nonalcoholic beverages — goodwill?: High levels indicate a history of acquisition-led growth, while significant write-downs signal potential overpayment or declining business performance.
How does nonalcoholic beverages — goodwill compare across companies?: Standard balance sheet item for companies that grow through M&A; comparable to other consolidated bottlers.