The Coca-Cola Company (KO) SEC Filings & Earnings Calls

BodyArmor trademark impairment risk

“If the near-term operating results of this trademark do not achieve our revised financial projections, or if the macroeconomic conditions change, causing the discount rate to increase without an offsetting increase in the operating results, it is likely that we would be required to recognize an additional impairment charge.” · word for word

IRS tax litigation exposure

“The Company estimates that the potential aggregate remaining incremental tax and interest liability for the tax years 2010 through 2025 could be approximately $14 billion as of December 31, 2025.” · word for word

Ransomware event at fairlife

“the Company believes that the incident has not had, and is not reasonably likely to have, a material impact on the Company's financial condition or results of operations.” · word for word

Dynamic consumer landscape; input cost inflation partially offset by pricing.

“While we continue to see a dynamic consumer landscape... partially offset by higher input costs” · word for word

Operational disruption: fairlife U.S. production suspended; full scope and financial impact not yet determined.

“production operations at fairlife in the United States are temporarily suspended... The full scope, nature and impacts of the incident are not yet known.” · word for word

Cybersecurity risk: ransomware event may lead to remediation costs, potential data breach liability, and reputational damage.

“unauthorized access by a third party to a portion of its systems, including its production-related systems, in connection with a ransomware event.” · word for word

BodyArmor trademark impairment risk

“If the near-term operating results of this trademark do not achieve our revised financial projections, or if the macroeconomic conditions change, causing the discount rate to increase without an offsetting increase in the operating results, it is likely that we would be required to recognize an additional impairment charge.” · word for word

IRS tax litigation liability

“The Company estimates that the potential aggregate remaining incremental tax and interest liability for the tax years 2010 through 2025 could be approximately $14 billion as of December 31, 2025.” · word for word

Commodity cost pressure

“The increase was primarily due to the favorable impact of pricing initiatives and foreign currency exchange rate fluctuations, as well as the impact of the sale of our finished product operations in Nigeria, partially offset by higher commodity costs.” · word for word

Higher input costs and marketing investments partially offset margin expansion.

“partially offset by higher input costs and an increase in marketing investments” · word for word

Currency tailwinds may reverse; comparable EPS growth of 18% includes 3-point currency tailwind.

“comparable EPS (non-GAAP) performance included the impact of a 3-point currency tailwind” · word for word

CEO Transition Execution Risk

“Effective March 31, 2026, Mr. Quincey will serve as Executive Chairman of the Board and Mr. Braun will serve as Chief Executive Officer of the Company.” · word for word

Sustainability Goal Achievement Risk

“For the 2023-2025 PSU program, Packaging was below the threshold performance level. Water was at the threshold performance level.”

Regulatory and Litigation Risk on Ingredients

“States are seeking to address the GRAS regulatory loophole by banning food chemicals that pose potential harm to human health. As of 2025, 20 states have introduced and/or passed legislation targeting food chemicals.” · word for word

CEO transition is planned and orderly; low risk of disruption.

“Previously announced on December 10, 2025; Braun currently COO.”

BodyArmor trademark further impairment risk

“If the near-term operating results of this trademark do not achieve our revised financial projections, or if the macroeconomic conditions change, causing the discount rate to increase without an offsetting increase in the operating results, it is likely that we would be required to recognize an additional impairment charge.” · word for word

Volume decline from price increases

“Higher product prices may result in reductions in sales volume. Consumers may be less willing to pay a price differential for our branded products and may increasingly purchase lower-priced offerings, or may forgo some purchases altogether.” · word for word

Weight-loss drug impact on demand

“the effects or perceived effects of the usage of weight-loss drugs on consumption patterns” · word for word

IRS tax dispute

“the United States Internal Revenue Service ("IRS") is seeking to increase our U.S. taxable income for tax years 2007 through 2009 by an amount that creates a potential additional U.S. federal income tax liability of approximately $3.3 billion for that period, plus interest.” · word for word

Currency headwinds impacting reported results; 9-point headwind on EPS in Q4, 8-point for FY.

“EPS performance included the impact of a 9-point currency headwind; EPS performance included the impact of an 8-point currency headwind” · word for word

Non-cash impairment charge of $960 million related to BODYARMOR trademark.

“non-cash impairment charge of $960 million related to the BODYARMOR trademark” · word for word