Coca-Cola is clearly a global Company with 66% of its 2020 Worldwide Total Revenues and 68% of its 2020 Worldwide Pretax Income generated outside of the US.
Breaking down its very profitable International Operations and Identifiable Assets by geographical segments in millions of US$s:
- Europe, Middle East and Africa generated 2020 Segment Pretax Income of $3,379 and had Total Identifiable Assets of $8,098
- Latin America generated 2020 Segment Pretax Income of $2,001 and had Total Identifiable Assets of $1,597
- Asia Pacific generated 2020 Segment Pretax Income of $2,158 and had Total Identifiable Assets of $2,073
Thus Coke's Europe, Middle East and Africa segment dominated the international scene. But the other two international segments also had substantial numbers.
And that's why 80% of its worldwide employees of 82,000 were located outside of the US, including 7,000 employees located in Russia.
Specifically, South Africa housed 15% of Coke's Worldwide Consolidated Property, Plant and Equipment-Net. And the Philippines housed another 10%.
There are three main drivers of Coca-Cola's very hefty Operating Income.
First, the Coca-Cola product costs are marked up by an incredible amount all over the globe.
Second, Coca-Cola has so many plants in extremely low-wage countries like in Mexico and in other Latin America countries, in South Africa and in other African countries, in Russia and in other Eastern European countries, in a couple of Western European countries, and in the Philippines and many other Asia Pacific countries.
And third, Coca-Cola cleans up financially by its global close relationship with McDonald's.
