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): October 18, 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
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Item 5. Other Events
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Coca-Cola Enterprises Inc. (the "Company") files herewith
its Condensed Consolidated Statements of Operations,
reporting the Company's financial results for the third
quarter and first nine months of 1994.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99 Condensed Consolidated Statements of Operations
(Unaudited) of the Company, reporting financial
results for the third quarter and first nine months of
1994.
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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)
LOWRY F. KLINE
Date: November 4, 1994 By:----------------------------------
Lowry F. Kline
General Counsel
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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 third quarter and first nine
months of 1994.
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<TABLE>
COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 1 0F 2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Quarter ended September 30, 1994
(Unaudited; in millions except per share data)
<CAPTION>
Third Quarter Nine Months
----------------- Percent ----------------- Percent
1994 1993 Change 1994 1993(1) Change
------ ------ ------- ------ ------ -------
<S> <C> <C> <C> <C> <C> <C>
Net Operating Revenues $1,595 $1,487 7% $4,524 $4,143 9%
Cost of sales 994 946 5% 2,780 2,569 8%
------ ------ ------ ------
Gross Profit 601 541 11% 1,744 1,574 11%
Selling, general and administrative
expenses 475 440 8% 1,399 1,271 10%
------ ------ ------ ------
Operating Income 126 101 25% 345 303 14%
Interest expense, net 76 82 (7)% 233 246 (5)%
Other nonoperating expenses, net - 1 2 1
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Income Before Income Taxes 50 18 178% 110 56 96%
Income taxes:
Provision excluding rate change 24 8 52 34
Rate change - federal - 40 - 40
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Net Income 26 (30) 58 (18)
Preferred stock dividend requirements 1 - 2 -
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Net Income Applicable to
Common Share Owners $ 25 $ (30) $ 56 $ (18)
====== ====== ====== ======
Average Common Shares Outstanding 130 129 130 130
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Net Income Per Common Share (2) $ 0.19 $(0.23) $ 0.43 $(0.14)
====== ====== ====== ======
Cash Operating Profit Data:
Operating income $ 126 $ 101 25% $ 345 $ 303 14%
Depreciation 71 68 4% 209 186 12%
Amortization 45 44 2% 134 125 7%
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Cash Operating Profit (3) $ 242 $ 213 14% $ 688 $ 614 12%
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Bottle and can volume growth -
1994 compared to 1993 (4): 7.5% 9%
</TABLE>
See Notes to Condensed Financial Information.
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COCA-COLA ENTERPRISES INC. EXHIBIT 99
PAGE 2 OF 2
NOTES TO CONDENSED FINANCIAL INFORMATION
Quarter ended September 30, 1994
(Unaudited; in millions)
The Company's press release on the results of operations for the third quarter
of 1994 was released to the public on October 18, 1994. This condensed
financial information is prepared for the purpose of filing a summary of third-
quarter 1994 financial information, which was included in the Company's press
release on October 18, 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 nine-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
nine-month 1994 cash operating profit increased approximately 8% as
compared to the same prior year period.
(4) After adjusting third-quarter and nine-month 1993 results for the effect
of acquisitions, comparable physical case, bottle and can volume
increased approximately 7% and 4%, respectively, as compared to the same
prior year periods.
