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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 6,200,957 $ 5,562,714 $ 5,007,357
Cost of sales 3,923,003 3,608,527 3,238,448
Gross profit 2,277,954 1,954,187 1,768,909
Selling, delivery and administrative expenses 1,636,907 1,515,016 1,455,531
Income from operations 641,047 439,171 313,378
Interest expense, net 24,792 33,449 36,735
Other expense, net 41,168 150,573 35,603
Income before taxes 575,087 255,149 241,040
Income tax expense 144,929 65,569 58,943
Net income 430,158 189,580 182,097
Less: Net income attributable to noncontrolling interest 0 0 9,604
Net income attributable to Coca‑Cola Consolidated, Inc. $ 430,158 $ 189,580 $ 172,493
Common Stock      
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 45.88 $ 20.23 $ 18.40
Weighted average number of Common Stock shares outstanding (in shares) 8,117 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) $ 45.74 $ 20.17 $ 18.30
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 9,405 9,400 9,427
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) $ 45.93 $ 20.23 $ 18.40
Weighted average number of Common Stock shares outstanding (in shares) 1,257 2,232 2,232
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:      
Common Stock (in dollars per share) $ 45.76 $ 20.16 $ 18.28
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 1,288 2,259 2,286