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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 29, 2019
Net sales $ 5,562,714 $ 5,007,357 $ 4,826,549
Cost of sales 3,608,527 3,238,448 3,156,047
Gross profit 1,954,187 1,768,909 1,670,502
Selling, delivery and administrative expenses 1,515,016 1,455,531 1,489,748
Income from operations 439,171 313,378 180,754
Interest expense, net 33,449 36,735 45,990
Other expense, net 150,573 35,603 100,539
Income before taxes 255,149 241,040 34,225
Income tax expense 65,569 58,943 15,665
Net income 189,580 182,097 18,560
Less: Net income attributable to noncontrolling interest 0 9,604 7,185
Net income attributable to Coca‑Cola Consolidated, Inc. $ 189,580 $ 172,493 $ 11,375
Common Stock      
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 20.23 $ 18.40 $ 1.21
Weighted average number of Common Stock shares outstanding (in shares) 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 20.17 $ 18.30 $ 1.21
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 9,400 9,427 9,417
Class B Common Stock      
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 20.23 $ 18.40 $ 1.21
Weighted average number of Common Stock shares outstanding (in shares) 2,232 2,232 2,229
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 20.16 $ 18.28 $ 1.19
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 2,259 2,286 2,276