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Previous: TAX EXEMPT SECURITIES TRUST SERIES 255, 485BPOS, 1995-07-19 |
Next: PEEBLES INC, 10-Q/A, 1995-07-19 |
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): July 18, 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 second quarter and first
six 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 second
quarter and first six months of 1995, including a summary
of key financial information.
2
<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: July 18, 1995 By:-----------------------------------
Lowry F. Kline
General Counsel
3
<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 1995, including a summary of key
financial information.
4
Coca-Cola Enterprises Inc. Exhibit 99
(Unaudited; In millions except per share data) Page 1 of 3
Second Quarter
----------------------------
Percent
1995 (a) 1994 Change
------- ------- -------
Net Operating Revenues $ 1,827 $ 1,610 13%
Cost of Sales 1,153 987 17%
------- -------
Gross Profit 674 623 8%
Selling, General & Administrative Expenses 507 473 7%
------- -------
Operating Income 167 150 11%
Interest Expense - Net 82 77 6%
Other Nonoperating Deductions - Net 3 -
------- -------
Income Before Income Taxes 82 73 12%
Income Tax Expense 36 35
------- -------
Net Income 46 38 21%
Preferred Stock Dividend Requirements - -
------- -------
Net Income Applicable to Common Share Owners $ 46 $ 38 21%
======= =======
Average Common Shares Outstanding 130 130
======= =======
Net Income Per Common Share (b) $ 0.35 $ 0.29 21%
======= =======
Cash Operating Profit Data:
Operating Income $ 167 $ 150 11%
Depreciation 79 69 14%
Amortization 48 46 4%
------- -------
Cash Operating Profit $ 294 $ 265 11%
======= =======
(a) Second-quarter 1995 performance includes the results of the
Wichita Coca-Cola Bottling Company acquired on Janurary 27, 1995.
(b) Per share data calculated prior to rounding to millions.
<PAGE>
Coca-Cola Enterprises Inc. Exhibit 99
(Unaudited; In millions except per share data) Page 2 of 3
Six Months
----------------------------
Percent
1995 (a) 1994 Change
------- ------- -------
Net Operating Revenues $ 3,289 $ 2,929 12%
Cost of Sales 2,054 1,786 15%
------- -------
Gross Profit 1,235 1,143 8%
Selling, General & Administrative Expenses 992 924 7%
------- -------
Operating Income 243 219 11%
Interest Expense - Net 162 157 3%
Other Nonoperating Deductions - Net 3 2
Gain From Sale of Bottling Operations (b) (9) -
------- -------
Income Before Income Taxes 87 60 45%
Income Tax Expense 38 28 36%
------- -------
Net Income 49 32 53%
Preferred Stock Dividend Requirements 1 1
------- -------
Net Income Applicable to Common Share Owners $ 48 $ 31 55%
======= =======
Average Common Shares Outstanding 129 130
======= =======
Net Income Per Common Share (c) $ 0.37 $ 0.24 54%
======= =======
Cash Operating Profit Data:
Operating Income $ 243 $ 219 11%
Depreciation 155 138 12%
Amortization 93 89 4%
------- -------
Cash Operating Profit $ 491 $ 446 10%
======= =======
(a) Six-month 1995 performance includes the results of the Wichita
Coca-Cola Bottling Company from the date of acquisition on
January 27, 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)
Second-Quarter Percent
1995 Change
------------------------------------ ---------
Cash Operating Profit
Reported 11 %
Comparable* 9 %
Volume
Bottle/Can
Reported 6 1/2 %
Constant Territory 4 1/2 %
Fountain
Reported 9 %
Constant Territory 6 %
Bottle/Can Net Revenues Per Case 7 %
Bottle/Can Cost of Sales Per Case 11 %
Six-Months Percent
1995 Change
------------------------------------ ---------
Cash Operating Profit
Reported 10 %
Comparable* 9 %
Volume
Bottle / Can
Reported 4 %
Constant Territory 3 %
Fountain
Reported 8 1/2 %
Constant Territory 5 1/2 %
Bottle/Can Net Revenues Per Case 7 %
Bottle/Can Cost of Sales Per Case 9 1/2 %
* Comparable change reflects adjustments for certain acquisitions,
as considered appropriate, to identify underlying business trends.
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