XML 38 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Net sales $ 1,271,029 $ 1,204,033 $ 3,647,600 $ 3,488,793
Cost of sales 838,805 791,317 2,390,289 2,313,728
Gross profit 432,224 412,716 1,257,311 1,175,065
Selling, delivery and administrative expenses 378,378 368,312 1,116,097 1,129,979
Income from operations 53,846 44,404 141,214 45,086
Interest expense, net 10,965 12,827 35,846 37,617
Other income (expense), net (20,711) 1,696 (67,743) (3,612)
Gain on exchange transactions   10,170   10,170
Income before income taxes 22,170 43,443 37,625 14,027
Income tax expense 6,624 16,493 10,801 3,387
Net income 15,546 26,950 26,824 10,640
Less: Net income attributable to noncontrolling interest 2,540 1,786 5,279 3,594
Net income attributable to Coca-Cola Consolidated, Inc. $ 13,006 $ 25,164 $ 21,545 $ 7,046
Basic net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock $ 1.39 $ 2.69 $ 2.30 $ 0.75
Weighted average number of Common Stock shares outstanding 7,141 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock $ 1.38 $ 2.69 $ 2.29 $ 0.75
Weighted average number of Common Stock shares outstanding – assuming dilution 9,413 9,405 9,409 9,400
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.75 $ 0.75
Class B Common Stock [Member]        
Basic net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock $ 1.39 $ 2.69 $ 2.30 $ 0.75
Weighted average number of Common Stock shares outstanding 2,232 2,213 2,228 2,208
Diluted net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock $ 1.38 $ 2.68 $ 2.28 $ 0.74
Weighted average number of Common Stock shares outstanding – assuming dilution 2,272 2,264 2,268 2,259
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.75 $ 0.75