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Coca-Cola KO Bottling investments — D&A

Other segment segments

North America
$99M+22.2%
EMEA
$48M+9.1%
Latin America
$8M+14.3%

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STZBeer — D&A
$77.3M+0.7%

Other financials

Income statement

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Revenue$13.4B+6.7%
Gross profit$8.4B+7.6%
Operating income$4.7B+9.2%
Net income$4.4B+16.1%
EPS (diluted)$1.03+17.0%

Balance sheet

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Cash & equivalents$12.9B+26.5%
Total debt$37.0B-24.7%
Total equity$38.3B+34.0%
Total assets$107.92B+3.4%

Cash flow

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Operating cash flow$5.5B+44.9%
CapEx$418.0M-5.4%
Free cash flow$5.1B+51.5%

Valuation

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Market cap$353.88B+20.8%
Enterprise value$377.97B+13.9%
P/E24.7×+0.7×
P/S7.1×+0.8×

Profitability

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Gross margin61.9%+0.5pp
Operating margin29.6%+1.7pp
Net margin28.6%+2.7pp
FCF margin28.5%

Returns & leverage

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Return on equity42.8%-2.0pp
Debt / equity-0.8×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Coca-Cola in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Coca-Cola’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coca-Cola's bottling investments — D&A?
Coca-Cola (KO) reported bottling investments — D&A of $83M in Q1 2026.
How has Coca-Cola's bottling investments — D&A changed year-over-year?
Coca-Cola's bottling investments — D&A increased by 9.2% year-over-year, from $76M to $83M.
What is the long-term trend for Coca-Cola's bottling investments — D&A?
Over 4 years (2021 to 2025), Coca-Cola's bottling investments — D&A has grown at a -12.3% compound annual growth rate (CAGR), from $529M to $313M.
What does bottling investments — D&A mean?
This metric represents the non-cash expense allocated to the bottling segment to account for the gradual wear and tear of tangible assets and the expiration of intangible assets over their useful lives. It reflects the systematic reduction in the book value of the segment's capital assets. Monitoring this helps analysts understand the underlying asset base and the non-cash costs associated with maintaining the bottling infrastructure.