[144] Nvidia Corp SEC Filing

Q: How much did Coca-Cola Consolidated (COKE) earn in Q2 2025?

COKE posted $187 million in net income, up 8.5% year over year, equal to $2.15 diluted EPS .

Q: What were COKE’s Q2 2025 net sales and growth rate?

Net sales reached $1.86 billion , a 3.3% YoY increase from $1.80 billion in Q2 2024.

Q: How strong is COKE’s balance sheet after the quarter?

Cash and equivalents stand at $1.22 billion ; total debt is $1.79 billion , leaving net debt of ~$0.57 billion.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Coca-Cola Consolidated (COKE) Q2-25 10-Q highlights

Net sales rose 3.3% YoY to $1.86 bn; first-half sales up 1.4% to $3.44 bn.
Gross profit +3.6% to $742 m; gross margin steady at 40.0%.
Operating income +5.0% to $272 m; operating margin 14.7% (+30 bp).
Net income increased 8.5% to $187 m; diluted EPS $2.15 (+16%). First-half EPS $3.34 (-8%).
Interest expense swung to a $6 m cost from a $2 m benefit YoY, reflecting higher average debt after 2024 bond issuance.
Mark-to-market expense on acquisition-related contingent consideration fell to $12 m vs $28 m, easing below-the-line pressure.
1H-25 operating cash flow slipped 7% to $406 m; capex $157 m kept free cash flow modest.
Cash & equivalents climbed to $1.22 bn; total debt unchanged at $1.79 bn, leaving net debt of $0.57 bn.
Equity strengthened to $1.63 bn as retained earnings rose and buybacks ($35 m) reduced share count under the $1 bn program.
Dividend lifted to $0.25 per share post 10-for-1 split effective 27-May-25.

Takeaway: Stable volume-driven revenue growth and cost discipline are expanding margins, but higher financing costs and softer first-half earnings temper the story. Robust liquidity and active capital returns support shareholder value.

Points clés du 10-Q du T2-25 de Coca-Cola Consolidated (COKE)

Les ventes nettes ont augmenté de 3,3 % en glissement annuel pour atteindre 1,86 milliard de dollars ; les ventes du premier semestre ont progressé de 1,4 % à 3,44 milliards.
Le bénéfice brut a augmenté de 3,6 % pour atteindre 742 millions de dollars ; la marge brute est restée stable à 40,0 %.
Le résultat opérationnel a progressé de 5,0 % pour atteindre 272 millions de dollars ; la marge opérationnelle s'établit à 14,7 % (+30 points de base).
Le résultat net a augmenté de 8,5 % pour atteindre 187 millions de dollars ; le BPA dilué est de 2,15 $ (+16 %). Le BPA du premier semestre est en recul de 8 % à 3,34 $.
Les charges d'intérêts sont passées d'un gain de 2 millions à un coût de 6 millions d'euros en glissement annuel, reflétant une dette moyenne plus élevée après l'émission d'obligations en 2024.
La charge de valorisation à la juste valeur des engagements conditionnels liés à l'acquisition a diminué à 12 millions contre 28 millions, allégeant la pression sous la ligne.
Le flux de trésorerie opérationnel du premier semestre 2025 a reculé de 7 % à 406 millions ; les dépenses d'investissement se sont élevées à 157 millions, maintenant un flux de trésorerie libre modéré.
La trésorerie et les équivalents ont augmenté à 1,22 milliard ; la dette totale est restée stable à 1,79 milliard, laissant une dette nette de 0,57 milliard.
Les capitaux propres se sont renforcés à 1,63 milliard grâce à l'augmentation des bénéfices non distribués et aux rachats d'actions de 35 millions dans le cadre du programme d'un milliard.
Le dividende a été porté à 0,25 $ par action après le fractionnement d'actions 10 pour 1 effectif au 27 mai 2025.

Conclusion : Une croissance stable des revenus tirée par le volume et une discipline des coûts élargissent les marges, mais des coûts financiers plus élevés et des résultats plus faibles au premier semestre tempèrent le tableau. Une liquidité robuste et des retours actifs de capitaux soutiennent la valeur pour les actionnaires.

Positive

EPS growth: Q2 diluted EPS rose 16% YoY to $2.15 on margin expansion and lower below-line charges.
Margin improvement: Operating margin climbed 30 bp to 14.7% despite higher input costs.
Strong liquidity: Cash & cash equivalents increased to $1.22 bn, supporting capital allocation flexibility.
Shareholder returns: $35 m buybacks and dividend hike to $0.25 per share strengthen capital-return profile.
Reduced contingent burden: Mark-to-market expense on contingent consideration down 56% YoY.

Negative

1H earnings contraction: First-half net income fell 14% and EPS slipped 8% YoY.
Higher interest expense: Net interest swung to a $12.8 m cost YTD after prior-year benefit, pressuring net profit.
Operating cash flow decline: 1H-25 OCF down 7% to $406 m, moderating free cash flow.
Large contingent liabilities: Future acquisition-related payments total $675 m, limiting financial flexibility.
Rising treasury share cost: Treasury stock balance expanded to $162 m, signaling continued outflows.

Insights

TL;DR: Solid Q2 beat on EPS and margins; watch first-half softness and rising interest costs.

COKE’s 3% top-line growth was modest, yet management held gross margin at 40% and expanded operating margin to 14.7%. EPS outpaced sales thanks to lower contingent consideration charges and aggressive buybacks. The balance sheet remains healthy—$1.2 bn cash vs $1.8 bn debt—giving flexibility for further repurchases and the raised dividend. Offsetting positives, 1H-25 EPS fell 8% and operating cash flow declined, signaling tougher comps and higher funding costs ahead. With no guidance provided, sentiment hinges on volume trends and cost inflation into 2H.

TL;DR: Margins and cash cushion justify constructive stance despite slower 1H growth.

The quarter confirms COKE’s resilience: pricing and mix offset cost pressures, and management is redeploying capital via a scalable $1 bn buyback and a 5× higher dividend (post-split) while still replenishing cash. Leverage is manageable at ~1.4× EBITDA and contingent payments are largely self-funded. Although 1H earnings dipped, the 10-for-1 split broadens liquidity and could attract retail flow. I view the filing as incrementally positive and remain overweight given stable fundamentals and shareholder-friendly policies.

Points clés du 10-Q du T2-25 de Coca-Cola Consolidated (COKE)

Les ventes nettes ont augmenté de 3,3 % en glissement annuel pour atteindre 1,86 milliard de dollars ; les ventes du premier semestre ont progressé de 1,4 % à 3,44 milliards.
Le bénéfice brut a augmenté de 3,6 % pour atteindre 742 millions de dollars ; la marge brute est restée stable à 40,0 %.
Le résultat opérationnel a progressé de 5,0 % pour atteindre 272 millions de dollars ; la marge opérationnelle s'établit à 14,7 % (+30 points de base).
Le résultat net a augmenté de 8,5 % pour atteindre 187 millions de dollars ; le BPA dilué est de 2,15 $ (+16 %). Le BPA du premier semestre est en recul de 8 % à 3,34 $.
Les charges d'intérêts sont passées d'un gain de 2 millions à un coût de 6 millions d'euros en glissement annuel, reflétant une dette moyenne plus élevée après l'émission d'obligations en 2024.
La charge de valorisation à la juste valeur des engagements conditionnels liés à l'acquisition a diminué à 12 millions contre 28 millions, allégeant la pression sous la ligne.
Le flux de trésorerie opérationnel du premier semestre 2025 a reculé de 7 % à 406 millions ; les dépenses d'investissement se sont élevées à 157 millions, maintenant un flux de trésorerie libre modéré.
La trésorerie et les équivalents ont augmenté à 1,22 milliard ; la dette totale est restée stable à 1,79 milliard, laissant une dette nette de 0,57 milliard.
Les capitaux propres se sont renforcés à 1,63 milliard grâce à l'augmentation des bénéfices non distribués et aux rachats d'actions de 35 millions dans le cadre du programme d'un milliard.
Le dividende a été porté à 0,25 $ par action après le fractionnement d'actions 10 pour 1 effectif au 27 mai 2025.

07/24/2025 - 04:14 PM

144: Filer Information

Filer CIK

Filer CCC

Is this a LIVE or TEST Filing?

LIVE TEST

Submission Contact Information

Name

Phone

E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

Common

Charles Schwab & Co., Inc.
3000 Schwab Way
Westlake TX 76232

75000

12971849.00

24400000000

07/24/2025

NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

Common

09/15/2023

Option Exercise

NVIDIA CORPORATION

75000

09/15/2023

Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds