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Previous: MUNICIPAL INVT TR FD INSURED SERIES 208 DEFINED ASSET FUNDS, 497, 1995-10-17 |
Next: CALIFORNIA DAILY TAX FREE INCOME FUND INC, 497, 1995-10-17 |
UNITED STATES
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 17, 1995
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in its 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 7 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 third quarter and first
nine months of 1995, including a summary of key financial
information.
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
(c) Exhibits.
99 Condensed Consolidated Statements of Operations (unaudited)
of the Company, reporting financial results for the third
quarter and first nine months of 1995, including a summary
of key financial information.
<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)
LOWRY F. KLINE
Date: October 17, 1995 By:----------------------------------
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 third quarter and first nine
months of 1995, including a summary of key
financial information.
<PAGE>
COCA-COLA ENTERPRISES INC Exhibit 99
Page 1 Of 3
(Unaudited; In millions
except per share data)
Third Quarter
----------------------------
Percent
1995 (a) 1994 Change
------- ------- -------
Net Operating Revenues $ 1,841 $ 1,595 15%
Cost of Sales 1,183 994 19%
------- -------
Gross Profit 658 601 9%
Selling, General & Administrative Expenses 513 475 8%
------- -------
Operating Income 145 126 15%
Interest Expense - Net 82 76 8%
Other Nonoperating Deductions - Net - -
------- -------
Income Before Income Taxes 63 50 26%
Income Tax Expense 27 24
------- -------
Net Income 36 26 38%
Preferred Stock Dividend Requirements 1 1
------- -------
Net Income Applicable to Common Share Owners $ 35 $ 25 40%
======= =======
Average Common Shares Outstanding 129 130
======= =======
Net Income Per Common Share (b) $ 0.27 $ 0.19 42%
======= =======
Cash Operating Profit Data:
Operating Income $ 145 $ 126 15%
Depreciation 80 71 13%
Amortization 47 45 4%
------- -------
Cash Operating Profit $ 272 $ 242 12%
======= =======
(a) Third-quarter 1995 performance includes the results of the
Wichita Coca-Cola Bottling Company.
(b) Per share data calculated prior to rounding to millions.
<PAGE>
COCA-COLA ENTERPRISES INC. Exhibit 99
Page 2 of 3
(Unaudited; In millions
except per share data)
Nine Months
----------------------------
Percent
1995 (a) 1994 Change
------- ------- -------
Net Operating Revenues $ 5,130 $ 4,524 13%
Cost of Sales 3,237 2,780 16%
------- -------
Gross Profit 1,893 1,744 9%
Selling, General & Administrative Expenses 1,505 1,399 8%
------- -------
Operating Income 388 345 12%
Interest Expense - Net 244 233 5%
Other Nonoperating Deductions - Net 3 2
Gain From Sale of Bottling Operations (b) 9 -
------- -------
Income Before Income Taxes 150 110 36%
Income Tax Expense 65 52 25%
------- -------
Net Income 85 58 47%
Preferred Stock Dividend Requirements 2 2
------- -------
Net Income Applicable to Common Share Owners $ 83 $ 56 48%
======= =======
Average Common Shares Outstanding 129 130
======= =======
Net Income Per Common Share (c) $ 0.64 $ 0.43 49%
======= =======
Cash Operating Profit Data:
Operating Income $ 388 $ 345 12%
Depreciation 235 209 12%
Amortization 140 134 4%
------- -------
Cash Operating Profit $ 763 $ 688 11%
======= =======
(a) Nine-month 1995 performance includes the 1995 results of the Wichita
Coca-Cola Bottling Company from January 1, 1995.
(b) Gain on the sale of the Company's 50 percent ownership interest in
The Coca-Cola Bottling Company of the Mid South in the first quarter
of 1995 (approximately 4 cents per common share after tax).
(c) Per share data calculated prior to rounding to millions.
<PAGE>
COCA-COLA ENTERPRISES INC. Exhibit 99
Summary - Key Information Page 3 of 3
(Unaudited)
Third-Quarter Percent
1995 Change
------------------------------------ ---------
Cash Operating Profit
Reported 12 %
Comparable* 10 %
Volume
Bottle/Can
Reported 8 %
Constant Territory 6 %
Fountain
Reported 15 1/2 %
Constant Territory 11 1/2 %
Net Revenues Per Case - Bottle/Can 7 %
Cost of Sales Per Case - Bottle/Can 11 1/2 %
Nine-Months Percent
1995 Change
------------------------------------ ---------
Cash Operating Profit
Reported 11 %
Comparable* 9 %
Volume
Bottle / Can
Reported 5 1/2 %
Constant Territory 4 %
Fountain
Reported 11 %
Constant Territory 7 1/2 %
Net Revenues Per Case - Bottle/Can 7 %
Cost of Sales Per Case - Bottle/Can 10 1/2 %
* Comparable change reflects adjustments for certain acquisitions,
as considered appropriate, to identify underlying business trends.
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