SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 19, 1994
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in charter)
Delaware 01-09300 58-0503352
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
One Coca-Cola Plaza, N.W., Atlanta, Georgia 30313
(Address of principal executive offices, including zip code)
(404) 676-2100
(Registrant's telephone number, including area code)
Page 1 of 6 pages
Exhibit Index page 4
<PAGE>
Item 5. Other Events
------------
Coca-Cola Enterprises Inc. (the "Company") files herewith
its Condensed Consolidated Statements of Operations,
reporting the Company's financial results for the second
quarter and first six months of 1994.
Item 7. Financial Statements and Exhibits
- ------ ---------------------------------
(c) Exhibits.
99 Condensed Consolidated Statements of Operations
(Unaudited) of the Company, reporting financial
results for the second quarter and first six months of
1994.
<PAGE>
----------------------------------------------------
SIGNATURE
---------
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COCA-COLA ENTERPRISES INC.
(Registrant)
Date: July 29, 1994 By: LOWRY F. KLINE
------------------------------
Lowry F. Kline
General Counsel
<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
-------------
Exhibit No. Page
- ----------- ----
99 Condensed Consolidated Statements of Operations 5
(Unaudited) of the Company, reporting financial
results for the second quarter and first six
months of 1994.
<PAGE>
COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 1 0F 2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in millions except per share data)
Second Quarter Six Months
---------------- Percent -------------- Percent
1994 1993(1) Change 1994 1993 Change
------ ------- ------- ------ ------ -------
Net Operating Revenues $1,610 $1,448 11% $2,929 $2,656 10%
Cost of sales 987 892 11% 1,786 1,623 10%
------ ------ ------ ------
Gross Profit 623 556 12% 1,143 1,033 11%
Selling, general and
administrative expenses 473 423 12% 924 831 11%
------ ------ ------ ------
Operating Income 150 133 13% 219 202 8%
Interest expense, net 77 81 (5)% 157 164 (4)%
Other nonoperating expenses,
net 0 0 2 1
------ ------ ------ ------
Income Before Income Taxes 73 52 40% 60 37 62%
Income tax expense 35 36 (3)% 28 25 12%
------ ------ ------ ------
Net Income 38 16 138% 32 12 167%
Preferred stock dividend
requirements 0 0 1 0
------ ------ ------ ------
Net Income Applicable to
Common Share Owners $ 38 $ 16 138% 31 12 158%
====== ====== ====== ======
Average Common Shares
Outstanding 130 130 130 130
====== ====== ====== ======
Net Income Per Common
Share (2) $ 0.29 $ 0.13 123% $ 0.24 $ 0.09 167%
====== ====== ====== ======
Cash Operating Profit Data:
Operating income $ 150 $ 133 13% 219 202 8%
Depreciation 69 61 13% 138 118 17%
Amortization 46 40 15% 89 81 10%
------ ------ ------ ------
Cash Operating Profit (3) $ 265 $ 234 13% $ 446 $ 401 11%
====== ====== ====== ======
Volume Growth - 1994 as
compared to 1993: (4)
Bottle/can volume
growth 11% 10%
Fountain gallon volume
growth 7% 8.5%
See Notes to Condensed Financial Information.
<PAGE>
COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 2 OF 2
NOTES TO CONDENSED FINANCIAL INFORMATION
Quarter ended July 1, 1994
(Unaudited; in millions)
The Company's press release on the results of operations for the second
quarter and first six months of 1994 was released to the public on July 19,
1994. This condensed financial information is prepared for the purpose of
filing a summary of second-quarter and six-months 1994 financial information,
which was included in the Company's press release on July 19, 1994, with the
Securities and Exchange Commission.
(1) On June 30, 1993, the Company acquired from The Coca-Cola Company:
(i) Coca-Cola Beverages Nederland B.V. in the Netherlands; (ii) Roddy
Coca-Cola Bottling Company, Inc.; and (iii) Coca-Cola Bottling of
Johnson City, Tennessee. The results of operations of these companies
are included in the Condensed Consolidated Statements of Operations from
the beginning of third-quarter 1993.
(2) Per share data calculated prior to rounding to millions.
(3) Reported second-quarter and six month 1994 cash operating profit
includes the effect of the acquisitions referred to in note (1) above.
After appropriate adjustments to eliminate the effects of these
acquisitions, comparable second-quarter and six-month 1994 cash
operating profit increased approximately 7% and 5%, respectively,
as compared to the same prior year periods.
(4) Adjusting 1993 volume for the effect of acquisitions, second-quarter
and six-month 1994 comparable physical case bottle/can volume would
have increased approximately 3.5% and 3%, respectively, and comparable
fountain gallon volume would have increased approximately 3% and 4.5%,
respectively, as compared to the same prior year periods.
