How much do depreciation assumptions change COCA COLA CO's earnings?
Gross property and equipment, depreciation and capital spending, with an alternative useful-life calculator. Cash spending is kept separate.
Depreciation against the asset base
Gross property and equipment of $18.73B against $1.05B of depreciation and amortization implies an average life of about 17.8 years (gross assets ÷ annual charge). The charge includes amortization where the company reports them together.
| Fiscal year | Gross PP&E | Net PP&E | Depreciation & amortization | Implied life (yrs) | Capital expenditure (cash) |
|---|---|---|---|---|---|
| 2020 | $19.70B | $10.78B | $1.54B | 12.8 | $1.18B |
| 2021 | $18.86B | $9.92B | $1.45B | 13.0 | $1.37B |
| 2022 | $19.07B | $9.84B | $1.26B | 15.1 | $1.48B |
| 2023 | $18.47B | $9.24B | $1.13B | 16.4 | $1.85B |
| 2024 | $19.87B | $10.30B | $1.07B | 18.5 | $2.06B |
| 2025 | $18.73B | $9.61B | $1.05B | 17.8 | $2.11B |
10-K filed 2026-02-20 · DepreciationDepletionAndAmortization
Compare an alternative useful life
A 19-year average life gives an annual charge of $985.9M instead of $1.05B. After tax at 21%, net income would be higher by $50.6M. Cash spending ($2.11B) is unchanged.
Straight-line on gross assets, no salvage value; land and construction in progress are not separated. Treat as an order-of-magnitude comparison.