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10-Q Filing

COCA-COLA CONSOLIDATED, INC. CIK: 317540 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000317540-21-000011
Period End Date 20210331
Filing Date 20210511
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance coke-20210402_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $54.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $51.83M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $460.02M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $425.44M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $20.65M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $21.62M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $49.20M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $62.73M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $32.61M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $37.08M USD Point-in-time
Inventories InventoryNet $257.36M USD Point-in-time
Inventories InventoryNet $225.76M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $74.15M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $76.59M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $6.35M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $6.43M USD Point-in-time
Total current assets AssetsCurrent $851.24M USD Point-in-time
Total current assets AssetsCurrent $926.85M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.02B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.02B USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $129.44M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $134.38M USD Point-in-time
Leased property under financing leases, net FinanceLeaseRightOfUseAsset $68.45M USD Point-in-time
Leased property under financing leases, net FinanceLeaseRightOfUseAsset $69.87M USD Point-in-time
Other assets OtherAssetsNoncurrent $111.78M USD Point-in-time
Other assets OtherAssetsNoncurrent $113.00M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Total assets Assets $3.28B USD Point-in-time
Total assets Assets $3.22B USD Point-in-time
Current portion of obligations under operating leases OperatingLeaseLiabilityCurrent $19.39M USD Point-in-time
Current portion of obligations under operating leases OperatingLeaseLiabilityCurrent $19.77M USD Point-in-time
Current portion of obligations under financing leases FinanceLeaseLiabilityCurrent $5.91M USD Point-in-time
Current portion of obligations under financing leases FinanceLeaseLiabilityCurrent $5.86M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $217.56M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $227.94M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $142.29M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $107.18M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $219.58M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $205.14M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $62.54M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $87.61M USD Point-in-time
Accrued interest payable InterestPayableCurrent $6.26M USD Point-in-time
Accrued interest payable InterestPayableCurrent $3.94M USD Point-in-time
Total current liabilities LiabilitiesCurrent $647.06M USD Point-in-time
Total current liabilities LiabilitiesCurrent $683.91M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $159.84M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $139.42M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $113.33M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $115.31M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $666.88M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $679.28M USD Point-in-time
Noncurrent portion of obligations under operating leases OperatingLeaseLiabilityNoncurrent $119.92M USD Point-in-time
Noncurrent portion of obligations under operating leases OperatingLeaseLiabilityNoncurrent $115.49M USD Point-in-time
Noncurrent portion of obligations under financing leases FinanceLeaseLiabilityNoncurrent $68.76M USD Point-in-time
Noncurrent portion of obligations under financing leases FinanceLeaseLiabilityNoncurrent $69.98M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $909.30M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $940.47M USD Point-in-time
Total liabilities Liabilities $2.72B USD Point-in-time
Total liabilities Liabilities $2.71B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $135.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $135.95M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $544.28M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $595.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-117.72M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-119.05M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $451.12M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $464.32M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $512.99M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $565.34M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.22B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.28B USD Point-in-time
Income Statement 24 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.17B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.27B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $821.15M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $767.73M USD 1 Quarter
Gross profit GrossProfit $405.30M USD 1 Quarter
Gross profit GrossProfit $448.70M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $354.52M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $372.47M USD 1 Quarter
Income from operations OperatingIncomeLoss $32.82M USD 1 Quarter
Income from operations OperatingIncomeLoss $94.18M USD 1 Quarter
Interest expense, net InterestExpense $9.56M USD 1 Quarter
Interest expense, net InterestExpense $8.75M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-2.30M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-12.05M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $73.38M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.96M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $5.36M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $20.02M USD 1 Quarter
Net income ProfitLoss $15.60M USD 1 Quarter
Net income ProfitLoss $53.36M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $939.00K USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to Coca-Cola Consolidated, Inc. NetIncomeLoss $14.66M USD 1 Quarter
Net income attributable to Coca-Cola Consolidated, Inc. NetIncomeLoss $53.36M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $15.60M USD 1 Quarter
Net income ProfitLoss $53.36M USD 1 Quarter
Depreciation expense from property, plant and equipment and financing leases Depreciation $37.72M USD 1 Quarter
Depreciation expense from property, plant and equipment and financing leases Depreciation $37.80M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.76M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.81M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $5.91M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $19.98M USD 1 Quarter
Fair value adjustment of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInFairValueOfContingentConsiderationLiability $712.00K USD 1 Quarter
Fair value adjustment of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInFairValueOfContingentConsiderationLiability $11.00M USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-491.00K USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.10M USD 1 Quarter
Impairment of property, plant and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf $500.00K USD 1 Quarter
Impairment of property, plant and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $220.00K USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $277.00K USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $38.66M USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $42.31M USD 1 Quarter
Change in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $-12.22M USD 1 Quarter
Change in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $-4.20M USD 1 Quarter
Change in other noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-13.33M USD 1 Quarter
Change in other noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-4.12M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement - USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-37.00K USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $16.69M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $28.55M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $81.91M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $32.29M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.20M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $33.09M USD 1 Quarter
Other distribution agreements PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Other distribution agreements PaymentsToAcquireIntangibleAssets $2.00M USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $893.00K USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $514.00K USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.66M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $74.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-39.64M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-32.33M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLongTermLinesOfCredit $185.00M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLongTermLinesOfCredit - USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit - USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit $125.00M USD 1 Quarter
Payments on term loan facility RepaymentsOfTermLoanFacilityAndSeniorNotes $31.25M USD 1 Quarter
Payments on term loan facility RepaymentsOfTermLoanFacilityAndSeniorNotes $7.50M USD 1 Quarter
Payments of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $10.05M USD 1 Quarter
Payments of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $10.45M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $2.34M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $2.34M USD 1 Quarter
Payments on financing lease obligations FinanceLeasePrincipalPayments $1.49M USD 1 Quarter
Payments on financing lease obligations FinanceLeasePrincipalPayments $1.45M USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $46.00K USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $147.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $38.17M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-45.23M USD 1 Quarter
Net increase (decrease) in cash during period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.96M USD 1 Quarter
Net increase (decrease) in cash during period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $38.13M USD 1 Quarter
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $51.83M USD Point-in-time
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $54.79M USD Point-in-time
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.61M USD Point-in-time
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $47.75M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $51.83M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $54.79M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.61M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $47.75M USD Point-in-time
Additions to property, plant and equipment accrued and recorded in accounts payable, trade CapitalExpendituresIncurredButNotYetPaid $12.75M USD 1 Quarter
Additions to property, plant and equipment accrued and recorded in accounts payable, trade CapitalExpendituresIncurredButNotYetPaid $16.19M USD 1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $31.69M USD 1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $451.12M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $464.32M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $512.99M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $565.34M USD Point-in-time
Net income ProfitLoss $15.60M USD 1 Quarter
Net income ProfitLoss $53.36M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $1.33M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-50.00K USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $451.12M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $464.32M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $512.99M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $565.34M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $15.60M USD 1 Quarter
Net income ProfitLoss $53.36M USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-916.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-896.00K USD 1 Quarter
Prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.00K USD 1 Quarter
Prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $4.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $66.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $140.00K USD 1 Quarter
Interest rate swap OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $-1.01M USD 1 Quarter
Interest rate swap OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $312.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-37.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $1.33M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-50.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $54.70M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $15.55M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $939.00K USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to Coca-Cola Consolidated, Inc. ComprehensiveIncomeNetOfTax $54.70M USD 1 Quarter
Comprehensive income attributable to Coca-Cola Consolidated, Inc. ComprehensiveIncomeNetOfTax $14.61M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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