KO » Topics » Bottling Investments

This excerpt taken from the KO 8-K filed Feb 9, 2010.

Bottling Investments


·                  Our Bottling Investments Group’s unit case volume increased 13% in the quarter, primarily driven by strong growth in China, India and the Philippines.  Net revenues for the quarter increased 12%, primarily reflecting the increase in unit case volume and a high single-digit currency benefit, partially offset by negative country mix.  Reported operating income increased 72% in the quarter while comparable currency neutral operating income increased 17%, primarily driven by the increase in volume and disciplined expense management.  For the full year, reported operating income was down 32%, but was up 23% on a comparable currency neutral basis as volume and favorable cost of goods continued to fuel growth.


This excerpt taken from the KO 8-K filed Jul 21, 2009.

Bottling Investments


·                  Our Bottling Investments Group’s unit case volume decreased 3 percent in the quarter, reflecting bottling divestitures in the prior year partially offset by organic growth. Net revenues decreased 17 percent in the quarter reflecting prior year divestitures, a double-digit negative currency impact and negative mix. Operating income declined 22 percent primarily driven by the prior year divestitures and a double-digit negative currency impact, partially offset by tight expense control.


This excerpt taken from the KO 8-K filed Feb 13, 2008.

Bottling Investments


     Percent Change
From Prior Year
     Fourth     Full  
     Quarter     Year  

Unit Case Volume

   62 %   64 %

Net Revenues

   61 %   53 %

Operating Income

   n/a     750 %



The Bottling Investments Group’s unit case volume increased 64 percent for the year reflecting acquisitions of certain bottlers and unit case volume growth across the group. Net revenues increased 53 percent for the year due to the unit case volume increase, acquisitions, favorable pricing and mix, and positive currency


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benefits. The strong operating income increase for the year reflects the focus on investing to drive revenue growth while delivering efficiency through the supply chain.

This excerpt taken from the KO 8-K filed Oct 17, 2007.

Bottling Investments

  Percent Change
From Prior Year



Unit Case Volume   63 % 64 %
Net Revenues   44 % 49 %
Operating Income   23 % 70 %
    The Bottling Investments Group's unit case volume increased 63 percent in the quarter, including a benefit from acquisitions of certain bottlers. Net revenues increased 44 percent for the quarter due to the unit case volume increase, the acquisition of certain bottlers, favorable pricing and positive currency benefits, partially offset by negative mix due to unit case volume decline in Germany. The operating income increase in the quarter reflects the focus on driving improved financial performance through revenue increases, partially offset by the impact of restructuring charges in the current and prior year quarters.
This excerpt taken from the KO 10-Q filed Oct 26, 2006.

Note C — Bottling Investments

        In 2003, one of our Company's equity method investees, Coca-Cola FEMSA, S.A. de C.V. ("Coca-Cola FEMSA"), consummated a merger with another of the Company's equity method investees, Panamerican Beverages, Inc. At the time of the merger, the Company and the major shareowner of Coca-Cola FEMSA reached an understanding under which this shareowner could purchase from our Company an amount of Coca-Cola FEMSA shares sufficient for this shareowner to regain majority ownership interest in Coca-Cola FEMSA. That understanding expired in May 2006; however, in the third quarter of 2006, the Company and the shareowner reached an agreement under which the Company will sell a number of shares representing 8 percent of the capital stock of Coca-Cola FEMSA to the shareowner. As a result of this sale, which we expect to occur in the fourth quarter of 2006, our ownership interest in Coca-Cola FEMSA will be reduced from 39.6 percent to 31.6 percent.

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