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10-Q Filing

COCA-COLA CONSOLIDATED, INC. CIK: 317540 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001564590-19-017342
Period End Date 20190331
Filing Date 20190508
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance coke-10q_20190331_htm.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.55M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.50M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $436.89M USD Point-in-time
Accounts receivable, trade AccountsReceivableGrossCurrent $425.50M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $11.14M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $9.14M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $56.45M USD Point-in-time
Accounts receivable from The Coca-Cola Company AccountsReceivableRelatedPartiesCurrent $44.91M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $39.45M USD Point-in-time
Accounts receivable, other AccountsAndOtherReceivablesNetCurrent $30.49M USD Point-in-time
Inventories InventoryNet $220.32M USD Point-in-time
Inventories InventoryNet $210.03M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $70.68M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $69.36M USD Point-in-time
Total current assets AssetsCurrent $797.42M USD Point-in-time
Total current assets AssetsCurrent $808.43M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $990.53M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $970.50M USD Point-in-time
Right of use assets - operating leases OperatingLeaseRightOfUseAsset $84.59M USD Point-in-time
Right of use assets - operating leases OperatingLeaseRightOfUseAsset $88.00M USD Point-in-time
Leased property under financing or capital leases, net FinanceLeaseRightOfUseAsset $22.43M USD Point-in-time
Leased property under financing or capital leases, net FinanceLeaseRightOfUseAsset $23.72M USD Point-in-time
Other assets OtherAssetsNoncurrent $113.54M USD Point-in-time
Other assets OtherAssetsNoncurrent $115.49M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Goodwill Goodwill $169.32M USD Point-in-time
Goodwill Goodwill $165.90M USD Point-in-time
Goodwill Goodwill $170.26M USD Point-in-time
Total assets Assets $3.01B USD Point-in-time
Total assets Assets $3.08B USD Point-in-time
Current portion of obligations under operating leases OperatingLeaseLiabilityCurrent $13.55M USD Point-in-time
Current portion of obligations under financing or capital leases FinanceLeaseLiabilityCurrent $8.62M USD Point-in-time
Current portion of obligations under financing or capital leases FinanceLeaseLiabilityCurrent $8.83M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $152.04M USD Point-in-time
Accounts payable, trade AccountsPayableTradeCurrent $168.53M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $120.78M USD Point-in-time
Accounts payable to The Coca-Cola Company AccountsPayableRelatedPartiesCurrent $112.42M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $250.25M USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $197.75M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $40.37M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $72.32M USD Point-in-time
Accrued interest payable InterestPayableCurrent $6.09M USD Point-in-time
Accrued interest payable InterestPayableCurrent $9.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $559.14M USD Point-in-time
Total current liabilities LiabilitiesCurrent $601.74M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $123.92M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $127.17M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $85.37M USD Point-in-time
Pension and postretirement benefit obligations PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $85.68M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $620.29M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $609.13M USD Point-in-time
Noncurrent portion of obligations under operating leases OperatingLeaseLiabilityNoncurrent $71.34M USD Point-in-time
Noncurrent portion of obligations under financing or capital leases FinanceLeaseLiabilityNoncurrent $24.52M USD Point-in-time
Noncurrent portion of obligations under financing or capital leases FinanceLeaseLiabilityNoncurrent $26.63M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.14B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.10B USD Point-in-time
Total liabilities Liabilities $2.62B USD Point-in-time
Total liabilities Liabilities $2.55B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $124.23M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $128.98M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $369.99M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $359.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-96.41M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-77.27M USD Point-in-time
Total equity of Coca-Cola Consolidated, Inc. StockholdersEquity $358.19M USD Point-in-time
Total equity of Coca-Cola Consolidated, Inc. StockholdersEquity $354.37M USD Point-in-time
Noncontrolling interest MinorityInterest $96.98M USD Point-in-time
Noncontrolling interest MinorityInterest $98.23M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $455.17M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $458.91M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $452.60M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $447.58M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.08B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.01B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.06B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.10B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $707.12M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $713.60M USD 1 Quarter
Gross profit GrossProfit $389.31M USD 1 Quarter
Gross profit GrossProfit $357.64M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $376.64M USD 1 Quarter
Selling, delivery and administrative expenses SellingGeneralAndAdministrativeExpense $369.15M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-19.00M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $20.15M USD 1 Quarter
Interest expense, net InterestExpense $12.89M USD 1 Quarter
Interest expense, net InterestExpense $12.05M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $4.51M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-15.85M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-8.58M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-26.53M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-3.00M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-12.97M USD 1 Quarter
Net loss ProfitLoss $-13.56M USD 1 Quarter
Net loss ProfitLoss $-5.58M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.25M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $623.00K USD 1 Quarter
Net loss attributable to Coca-Cola Consolidated, Inc. NetIncomeLoss $-14.19M USD 1 Quarter
Net loss attributable to Coca-Cola Consolidated, Inc. NetIncomeLoss $-6.83M USD 1 Quarter
Common Stock EarningsPerShareBasic $-0.73 USD 1 Quarter
Common Stock EarningsPerShareBasic $-1.52 USD 1 Quarter
Weighted average number of Common Stock shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 7.14M shares 1 Quarter
Weighted average number of Common Stock shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 7.14M shares 1 Quarter
Common Stock EarningsPerShareDiluted $-1.52 USD 1 Quarter
Common Stock EarningsPerShareDiluted $-0.73 USD 1 Quarter
Weighted average number of Common Stock shares outstanding assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 9.34M shares 1 Quarter
Weighted average number of Common Stock shares outstanding assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 9.36M shares 1 Quarter
Cash dividend per share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Cash dividend per share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-13.56M USD 1 Quarter
Net loss ProfitLoss $-5.58M USD 1 Quarter
Depreciation expense from property, plant and equipment and financing or capital leases Depreciation $41.57M USD 1 Quarter
Depreciation expense from property, plant and equipment and financing or capital leases Depreciation $39.98M USD 1 Quarter
Fair value adjustment of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInFairValueOfContingentConsiderationLiability $-5.19M USD 1 Quarter
Fair value adjustment of acquisition related contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInFairValueOfContingentConsiderationLiability $14.05M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.65M USD 1 Quarter
Amortization of intangible assets and deferred proceeds, net AmortizationOfIntangibleAssetsAndDeferredProceedsNet $5.79M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.44M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.39M USD 1 Quarter
Stock compensation expense ShareBasedCompensation $2.04M USD 1 Quarter
Stock compensation expense ShareBasedCompensation $752.00K USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.85M USD 1 Quarter
Loss on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.95M USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $276.00K USD 1 Quarter
Amortization of debt costs AmortizationOfFinancingCostsAndDiscounts $385.00K USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $57.01M USD 1 Quarter
Change in current assets less current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $99.99M USD 1 Quarter
Change in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $-1.20M USD 1 Quarter
Change in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $-2.34M USD 1 Quarter
Change in other noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $833.00K USD 1 Quarter
Change in other noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $5.90M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $437.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $13.00K USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $11.17M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-67.18M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-80.75M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $5.60M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $29.32M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $42.05M USD 1 Quarter
Other distribution agreements PaymentsToAcquireIntangibleAssets $4.65M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.89M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $681.00K USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $486.00K USD 1 Quarter
Investment in CONA Services LLC PaymentsToAcquireInterestInSubsidiariesAndAffiliates $1.07M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-33.77M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-40.22M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLongTermLinesOfCredit $131.34M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLongTermLinesOfCredit $170.00M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt $150.00M USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit $197.00M USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit $82.34M USD 1 Quarter
Payments on term loan facility RepaymentsOfLinesOfCredit $15.00M USD 1 Quarter
Payment of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $6.24M USD 1 Quarter
Payment of acquisition related contingent consideration PaymentOfContingentConsiderationOfAcquisitions $5.88M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $2.33M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $2.34M USD 1 Quarter
Payments on financing or capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $2.05M USD 1 Quarter
Payments on financing or capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $2.11M USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $185.00K USD 1 Quarter
Debt issuance fees PaymentsOfDebtIssuanceCosts $183.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $112.55M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $23.13M USD 1 Quarter
Net decrease in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-5.05M USD 1 Quarter
Net decrease in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-8.42M USD 1 Quarter
Cash at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $8.48M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $16.90M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $13.55M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $8.50M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $8.48M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $16.90M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $13.55M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $8.50M USD Point-in-time
Additions to property, plant and equipment accrued and recorded in accounts payable, trade CapitalExpendituresIncurredButNotYetPaid $16.15M USD 1 Quarter
Additions to property, plant and equipment accrued and recorded in accounts payable, trade CapitalExpendituresIncurredButNotYetPaid $5.35M USD 1 Quarter
Stockholders Equity 2 line items
Line Item Tag Value Unit Period
Cash dividend per share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Cash dividend per share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-13.56M USD 1 Quarter
Net loss ProfitLoss $-5.58M USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-703.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-679.00K USD 1 Quarter
Prior service benefits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $4.00K USD 1 Quarter
Prior service benefits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $4.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $148.00K USD 1 Quarter
Actuarial gains OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOtherPostretirementBenefitPlansForNetGainLossNetOfTax $377.00K USD 1 Quarter
Prior service costs OtherComprehensiveIncomeGainLossPostretirementBenefitPlansForNetPriorServiceCostsCreditNetOfTax $-348.00K USD 1 Quarter
Prior service costs OtherComprehensiveIncomeGainLossPostretirementBenefitPlansForNetPriorServiceCostsCreditNetOfTax $-244.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-9.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $578.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $739.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-12.82M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-5.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $623.00K USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.25M USD 1 Quarter
Comprehensive loss attributable to Coca-Cola Consolidated, Inc. ComprehensiveIncomeNetOfTax $-13.45M USD 1 Quarter
Comprehensive loss attributable to Coca-Cola Consolidated, Inc. ComprehensiveIncomeNetOfTax $-6.25M USD 1 Quarter

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

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