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10-Q Filing

COCA-COLA CONSOLIDATED, INC. CIK: 317540 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000317540-22-000024
Period End Date 20220331
Filing Date 20220503
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance coke-20220401_htm.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $127.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $142.31M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $475.30M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $472.27M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $17.34M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $16.76M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $57.74M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $55.30M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $33.88M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $36.84M USD Point-in-time
Inventories InventoryNet $302.85M USD Point-in-time
Inventories InventoryNet $276.28M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $78.07M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $94.15M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $6.88M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $3.02M USD Point-in-time
Total current assets AssetsCurrent $1.05B USD Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.07B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.03B USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $138.86M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $139.88M USD Point-in-time
Leased property under financing leases, net FinanceLeaseRightOfUseAsset $7.67M USD Point-in-time
Leased property under financing leases, net FinanceLeaseRightOfUseAsset $64.21M USD Point-in-time
Other assets OtherAssetsNoncurrent $120.49M USD Point-in-time
Other assets OtherAssetsNoncurrent $119.34M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Total assets Assets $3.45B USD Point-in-time
Total assets Assets $3.43B USD Point-in-time
Current portion of obligations under operating leases OperatingLeaseLiabilityCurrent $22.05M USD Point-in-time
Current portion of obligations under operating leases OperatingLeaseLiabilityCurrent $23.56M USD Point-in-time
Current portion of obligations under financing leases FinanceLeaseLiabilityCurrent $2.17M USD Point-in-time
Current portion of obligations under financing leases FinanceLeaseLiabilityCurrent $6.06M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $319.32M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $273.70M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $159.51M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $145.67M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $226.77M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $230.57M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $110.89M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $73.33M USD Point-in-time
Accrued interest payable InterestPayableCurrent $4.10M USD Point-in-time
Accrued interest payable InterestPayableCurrent $6.24M USD Point-in-time
Current portion of debt LongTermDebtCurrent - USD Point-in-time
Current portion of debt LongTermDebtCurrent $125.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $834.86M USD Point-in-time
Total current liabilities LiabilitiesCurrent $894.07M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $169.83M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $136.43M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $96.40M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $93.39M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $758.61M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $734.34M USD Point-in-time
Noncurrent portion of obligations under operating leases OperatingLeaseLiabilityNoncurrent $122.05M USD Point-in-time
Noncurrent portion of obligations under operating leases OperatingLeaseLiabilityNoncurrent $119.81M USD Point-in-time
Noncurrent portion of obligations under financing leases FinanceLeaseLiabilityNoncurrent $65.01M USD Point-in-time
Noncurrent portion of obligations under financing leases FinanceLeaseLiabilityNoncurrent $9.26M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $723.44M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $598.57M USD Point-in-time
Total liabilities Liabilities $2.62B USD Point-in-time
Total liabilities Liabilities $2.73B 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 $724.49M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $815.53M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-100.46M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-99.65M USD Point-in-time
Total equity StockholdersEquity $711.79M USD Point-in-time
Total equity StockholdersEquity $565.34M USD Point-in-time
Total equity StockholdersEquity $512.99M USD Point-in-time
Total equity StockholdersEquity $803.65M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.43B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.45B USD Point-in-time
Income Statement 20 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.27B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.40B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $821.15M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $896.78M USD 1 Quarter
Gross profit GrossProfit $448.70M USD 1 Quarter
Gross profit GrossProfit $507.58M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $376.59M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $354.52M USD 1 Quarter
Income from operations OperatingIncomeLoss $94.18M USD 1 Quarter
Income from operations OperatingIncomeLoss $130.99M USD 1 Quarter
Interest expense, net InterestExpense $7.70M USD 1 Quarter
Interest expense, net InterestExpense $8.75M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $-12.05M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $3.28M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $126.56M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $73.38M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $20.02M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $33.17M USD 1 Quarter
Net income NetIncomeLoss $53.36M USD 1 Quarter
Net income NetIncomeLoss $93.39M USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $53.36M USD 1 Quarter
Net income NetIncomeLoss $93.39M USD 1 Quarter
Depreciation and amortization expense from property, plant and equipment and financing leases Depreciation $37.72M USD 1 Quarter
Depreciation and amortization expense from property, plant and equipment and financing leases Depreciation $37.36M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $33.13M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $19.98M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.91M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.81M USD 1 Quarter
Fair value adjustment of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInFairValueOfContingentConsiderationLiability $-5.46M 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 $-1.10M USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-439.00K USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $277.00K USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $249.00K USD 1 Quarter
Impairment and abandonment of property, plant and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Impairment and abandonment of property, plant and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf $500.00K USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $32.41M USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $38.66M USD 1 Quarter
Change in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $-8.19M 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 $-9.91M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-37.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement - USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $37.49M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $28.55M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $130.88M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $81.91M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.20M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $104.35M USD 1 Quarter
Acquisition of BODYARMOR distribution rights PaymentsToAcquireIntangibleAssets $2.00M USD 1 Quarter
Acquisition of BODYARMOR distribution rights PaymentsToAcquireIntangibleAssets $30.15M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $74.00K USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.18M USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $514.00K USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $197.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-132.52M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-39.64M USD 1 Quarter
Payments of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $9.82M USD 1 Quarter
Payments of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $10.05M 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 $1.45M USD 1 Quarter
Payments on financing lease obligations FinanceLeasePrincipalPayments $1.38M USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $48.00K USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $147.00K USD 1 Quarter
Payments on term loan facility RepaymentsOfTermLoanFacility - USD 1 Quarter
Payments on term loan facility RepaymentsOfTermLoanFacility $31.25M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-13.59M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-45.23M USD 1 Quarter
Net decrease in cash during period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.96M USD 1 Quarter
Net decrease in cash during period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-15.23M USD 1 Quarter
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $54.79M USD Point-in-time
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $127.08M USD Point-in-time
Cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $142.31M USD Point-in-time
Cash at beginning 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 $127.08M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $142.31M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $51.83M USD Point-in-time
Reductions to leased property under financing leases ReductionsToLeasedPropertyUnderFinancingLeases - USD 1 Quarter
Reductions to leased property under financing leases ReductionsToLeasedPropertyUnderFinancingLeases $55.47M USD 1 Quarter
Additions to property, plant and equipment accrued and recorded in accounts payable, trade CapitalExpendituresIncurredButNotYetPaid $12.70M 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 $5.05M USD 1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $711.79M USD Point-in-time
Beginning Balance StockholdersEquity $565.34M USD Point-in-time
Beginning Balance StockholdersEquity $512.99M USD Point-in-time
Beginning Balance StockholdersEquity $803.65M USD Point-in-time
Net income NetIncomeLoss $53.36M USD 1 Quarter
Net income NetIncomeLoss $93.39M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $815.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.33M USD 1 Quarter
Conversion of 1,227,546 shares of Class B Common Stock ConversionOfStockAmountConverted1 - USD 1 Quarter
Ending Balance StockholdersEquity $711.79M USD Point-in-time
Ending Balance StockholdersEquity $565.34M USD Point-in-time
Ending Balance StockholdersEquity $512.99M USD Point-in-time
Ending Balance StockholdersEquity $803.65M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $53.36M USD 1 Quarter
Net income NetIncomeLoss $93.39M USD 1 Quarter
Actuarial gain OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-916.00K USD 1 Quarter
Actuarial gain OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-746.00K USD 1 Quarter
Prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.00K USD 1 Quarter
Prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax - USD 1 Quarter
Actuarial gain OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $69.00K USD 1 Quarter
Actuarial gain OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $140.00K USD 1 Quarter
Interest rate swap OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax $312.00K USD 1 Quarter
Interest rate swap OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-37.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $815.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.33M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $94.20M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $54.70M USD 1 Quarter

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

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