XML 51 R8.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Common Stock
Class B Common Stock
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
Retained Earnings (Deficit)
Common Stock
Retained Earnings (Deficit)
Class B Common Stock
Accumulated Other Comprehensive (Loss) Income
Treasury Stock - Common Stock
Common Stock
Treasury Stock - Common Stock
Class B Common Stock
Beginning balance at Dec. 31, 2022 $ 1,115,388     $ 114,314 $ 16,328 $ 18,375 $ 1,112,462     $ (84,837) $ (60,845) $ (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 408,375           408,375          
Other comprehensive (loss) income, net of tax 80,561                 80,561    
Dividends declared   $ (150,642) $ (18,084)         $ (150,642) $ (18,084)      
Ending balance at Dec. 31, 2023 1,435,598     114,314 16,328 18,375 1,352,111     (4,276) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 633,125           633,125          
Other comprehensive (loss) income, net of tax 6,161                 6,161    
Dividends declared   (27,452) (3,517)         (27,452) (3,517)      
Share repurchases [1] (626,304)     (5,987)   5,389 (559,084)       (66,622)  
Ending balance at Dec. 31, 2024 1,417,611     108,327 16,328 23,764 1,395,183     1,885 (127,467) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 570,582           570,582          
Other comprehensive (loss) income, net of tax (7,890)                 (7,890)    
Dividends declared   $ (76,625) $ (10,048)         $ (76,625) $ (10,048)      
Share repurchases [2] (2,633,353)     (20,322)     (2,578,276)       (34,755)  
Retirement of Treasury Stock 0     (31,488) (6,281)   (124,862)       162,222 409
Ending balance at Dec. 31, 2025 $ (739,723)     $ 56,517 $ 10,047 $ 23,764 $ (824,046)     $ (6,005) $ 0 $ 0
[1] The share repurchases relate to shares repurchased in a tender offer and a separate share repurchase transaction with a subsidiary of The Coca‑Cola Company, as well as shares repurchased under a separate share repurchase program approved by the Board of Directors (as discussed in Note 5).
[2] The share repurchases relate to the Repurchase (as defined in Note 2), as well as shares repurchased under a separate share repurchase program approved by the Board of Directors (as discussed in Note 5).