On the Record · Coca-Cola
Coca-Cola acquisitions, on the record
The businesses Coca-Cola bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
bottling operation in MalawiWord for word“In August 2022, the Company acquired a controlling interest in a bottling operation in Malawi.” 10-K for 2022 | acquisition | August 2022 | — |
bottling operations in CambodiaWord for word“Additionally, in November 2022, the Company refranchised our bottling operations in Cambodia.” 10-K for 2022 | divestiture | November 2022 | — |
BA Sports Nutrition, LLC ("BodyArmor")Word for word“In November 2021, the Company acquired the remaining ownership interest in BA Sports Nutrition, LLC (“BodyArmor”).” 10-K for 2022 | acquisition | November 2021 | — |
bottling operations in VietnamWord for word“Swire Coca-Cola Limited acquired our bottling and distribution operations in Vietnam in January 2023.” 10-K for 2022 | agreed divestiture | January 2023 | — |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | — | $6 million |
| 2017-12-31 | — | $4.32 billion |
| 2018-12-31 | — | $798 million |
| 2019-12-31 | — | $2.82 billion |
| 2020-12-31 | — | $775 million |
| 2021-12-31 | — | $2.26 billion |
| 2022-12-31 | $123 million | $4 million |
Read from Coca-Cola’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.