The Coca-Cola Company Message Board

I need to save it to memory but didn't I couls then cut and paste later today.
notbuffett

Let's hear about the chicken!

P.S. I hope your story isn't about Chicken Little who posts on this BB.

TooHigh's defensiveness on the subject of stock
options is probably because I corrected him previously
when he was spreading this false information on KO
stock options. You could look at posts 3811, 3844 and
3868 if you're interested. He has now been corrected
on at least 3 or 4 occasions and persists in
repeating these lies.

notbuffett had TooHigh pegged
a while back when he compared him with Tokyo Rose.

Maybe a guy with an agenda. to bury us in
manusha.
I discovered a great company or actually an
industry group to invest in" The Great American Fertilizer
Co." The stuff is getting deeper and deeper and the
market is getting smaller and smaller.
Maybe we
should short it . but the timing is no problem it goes
on every hour of every day. Just jump right in ,sit
right down , Daddy let the good times roll.
I should
post my chicken story about now.
notbuffett

2 High: Why so testy and defensive? As you will
note, I stated in my post (#5039) that "Info on
dilutitive effect of options to follow." It did: read my
message #5042 re accounting for options. I wasn't taking
one side or the other. Rather, I was just posting the
numbers reported by KO to the SEC. As you will not, net
income was diluted by $.03 per share in 1997 due to
stock option plans. More info on KO's options plan is
contained in the 10-K and other SEC filings but
unfortunately Yahoo limits the length of posts. A lot of
pissing & moaning goes on in this board regarding
misleading information, lying, etc. If we are going to have
a reasonable discussion here, we might as well
agree on the numbers.

What kind of scumbag would continue to tell the same lies over and over even after being proven wrong?

I mean besides Bill Clinton of course.

It only tells one side of the story. If you do a
little more homework, you will find that KO has also
issued shares. The shares are issued to employees in the
form of stock options. As the options are exercised
the shares are issued. They have indeed repurchased
shares with one hand and issued shares with the other.
Please do your homework. Read more carefully. Look at
the Value Line sheet to see the actual number of
shares outstanding each year. Your quote is from KO and
it makes them sound like heroes when they aren't.
They are reading their watch in 1984. In case you
hadn't noticed, the year 2000 is coming. You had better
look at todays numbers or you will lose alot of
money!

TOOHIGH2WIN

I read the same thing in my anual report . Either
Coke-Cola is lying or some other people are . Take you
pick.
Coke -Cola is sworn to be correct and signed
by the auditors and directors od Coke-Cola . Under
penalty of law.
The other opinions are of name-less
face-less posters.
notbuffett

From 10-K:

NOTE 11: RESTRICTED STOCK,
STOCK OPTIONS AND OTHER STOCK PLANS
Our Company
sponsors restricted stock award plans, stock
option
plans, Incentive Unit Agreements and Performance
Unit
Agreements. Our Company applies Accounting Principles
Board
Opinion No. 25 and related Interpretations in accounting
for
our plans. Accordingly, for our stock option plans,
no
compensation cost has been recognized. The compensation
cost
that has been charged against income for our
restricted stock
award plans was $56 million in 1997, $63
million in 1996 and
$45 million in 1995. For our
Incentive Unit Agreements and
Performance Unit
Agreements, the charge against income was
$31 million in
1997, $90 million in 1996 and $64 million in
1995.
Had compensation cost for the stock option plans
been
determined based on the fair value at the grant dates
for
awards under the plans, consistent with the
alternative
method set forth under SFAS No. 123, "Accounting for
Stock-
Based Compensation," our Company's net income, basic
net
income per share and diluted net income per share would
have
been reduced.
The pro forma amounts are indicated
below (in millions,
except per share
amounts):

Year Ended December 31, 1997 1996
1995
-----------------------------------------------------------------
Net income As reported $ 4,129 $ 3,492 $2,986
Pro
forma $ 4,026 $ 3,412 $ 2,933
Basic net income per
share
As reported $ 1.67 $ 1.40 $ 1.18
Pro forma $
1.63 $ 1.37 $ 1.16
Diluted net income per share

As reported $ 1.64 $ 1.38 $ 1.17
Pro forma $
1.60 $ 1.35 $ 1.15

From the most recent KO 10-K (Info on dilutitive
effect of options to follow):

SHARE REPURCHASES -
Our Company demonstrates confidence in
the
long-term growth potential of our business by
our
continued and consistent use of share repurchase programs.
In
1992, our Board of Directors authorized a plan to
repurchase
up to 200 million shares of our Company's common
stock
through the year 2000. In 1997, we repurchased
approximately
20 million shares under the 1992 plan. Through 1997,
we had
repurchased 187 million shares under the
1992 plan.
In October 1996, our Board of Directors
authorized a new
program to repurchase 206 million
additional shares through
the year 2006.
Since the
inception of our initial share repurchase program
in
1984 through our current program as of December 31,
1997,
we have repurchased more than 1 billion shares,
representing
31 percent of the shares outstanding as of January
1, 1984,
at an average price per share of $11.27.