-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CFNaJ0tYgEsaxlwlchHHzRP7LjRhoP1Px9JphBMQKBwZYPMcnjAWh4W3uWd/khNA RwSfHYw4kko+xeLQS+4Pew== 0000804055-99-000019.txt : 19991025 0000804055-99-000019.hdr.sgml : 19991025 ACCESSION NUMBER: 0000804055-99-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991019 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COCA COLA ENTERPRISES INC CENTRAL INDEX KEY: 0000804055 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 580503352 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09300 FILM NUMBER: 99732108 BUSINESS ADDRESS: STREET 1: 2500 WINDY RIDGE PKWY CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 7709893000 MAIL ADDRESS: STREET 1: 2500 WINDY RIDGE PKWY CITY: ATLANTA STATE: GA ZIP: 30339 8-K 1 CONDENSED CONSOLIDATED STATEMENT OF INCOME SECURITIES AND EXCHANGE COMMISSION





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 19, 1999


COCA-COLA ENTERPRISES INC.
 (Exact name of registrant as specified in its charter)

Delaware 01-09300 58-0503352
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)


2500 Windy Ridge Parkway, Atlanta, Georgia 30339

(Address of principal executive offices, including zip code)

(770) 989-3000
 (Registrant's telephone number, including area code)





















Page 1 of 8 pages
Exhibit Index Page 4


Item 5.      Other Events
Coca-Cola Enterprises Inc. (the "Company") files herewith its unaudited Condensed Consolidated Statements of Income and Balance Sheet, reporting the Company's results of operations for the third quarter and first nine months of 1999, and its financial position as of October 1, 1999, including a summary of key operating information.

Item 7.      Financial Statements and Exhibits

(c)      Exhibits.
99      Condensed Consolidated Statements of Income and Balance Sheets of the Company, reporting results of operations for the third quarter and first nine months of 1999 and 1998 (unaudited), and financial position as of October 1, 1999 (unaudited) and December 31, 1998, including a summary of key operating information.











































Page 2 of 8 pages

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



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)
S/ JOHN R. PARKER, JR.


Date: October 21, 1999By:__________________________________
John R. Parker, Jr.
Vice President and
General Counsel












































Page 3 of 8 pages

EXHIBIT INDEX


Exhibit No. Description Page No.
99 Condensed Consolidated Statements of Income and Balance Sheets of the Company, reporting results of operations for the third quarter and first nine months of 1999 and 1998 (unaudited), and financial position as of October 1, 1999 (unaudited) and December 31, 1998, including a summary of key operating information. 5

















































Page 4 of 8 pages

 EX-99 2 CONDENSED CONSOLIDATED ST OF INCOME-1ST NINE MOS COCA-COLA ENTERPRISES - CONDENSED CONSOLIDATED STATEMENT OF INCOME 
                    COCA-COLA ENTERPRISES INC.                   Exhibit 99
           CONDENSED CONSOLIDATED STATEMENTS OF INCOME          Page 1 of 4
          (Unaudited; In Millions Except Per Share Data)

                                                     Third Quarter
                                             -----------------------------
                                              1999       1998       Change
                                             -------    -------     -------
Net Operating Revenues                       $ 3,831    $ 3,528        9%
Cost of Sales                                  2,360      2,207        7%
                                             -------    -------
Gross Profit                                   1,471      1,321       11%
Selling, Delivery, and Administrative
  Expenses                                     1,130      1,013       12%
                                             -------    -------
Operating Income                                 341        308       11%
Interest Expense, Net                            186        179        4%
                                             -------    -------
Income Before Income Taxes                       155        129
Income Tax Expense                                51         42
Income Tax Rate Change Benefit (a)                --        (29)
                                             -------    -------
Net Income                                       104        116
Preferred Stock Dividends                          1          1
                                             -------    -------
Net Income Applicable to Common
  Share Owners                               $   103    $   115
                                             =======    =======
Basic Average Common
  Shares Outstanding                             426        398
                                             =======    =======
Basic Net Income Per Share
  Applicable to Common
  Share Owners (b)                           $  0.24    $  0.29
                                             =======    =======
Diluted Average Common
  Shares Outstanding                             437        410
                                             =======    =======
Diluted Net Income Per Share
  Applicable to Common
  Share Owners (b)                           $  0.24    $  0.28
                                             =======    =======
Cash Operating Profit Data:
  Operating Income                           $   341    $   308        11%
  Depreciation                                   226        184        23%
  Amortization                                   113        104         9%
                                             -------    -------
Cash Operating Profit                        $   680    $   596        14%
                                             =======    =======

(a) Third-quarter 1998 results include a one-time benefit from the
    reduction of the United Kingdom tax rate of 7 cents per diluted share.
(b) Per share data calculated prior to rounding to millions.




                   COCA-COLA ENTERPRISES INC.                     Exhibit 99
           CONDENSED CONSOLIDATED STATEMENTS OF INCOME           Page 2 of 4
          (Unaudited; In Millions Except Per Share Data)

                                                      Nine Months
                                             -----------------------------
                                              1999 (a)    1998 (b)  Change
                                             -------     -------    -------
Net Operating Revenues                       $10,897     $10,173       7%
Cost of Sales                                  6,836       6,380       7%
                                             -------     -------
Gross Profit                                   4,061       3,793       7%
Selling, Delivery, and Administrative
  Expenses                                     3,388       3,054      11%
                                             -------     -------
Operating Income                                 673         739     (9)%
Interest Expense, Net                            559         517       8%
                                             -------     -------
Income Before Income Taxes                       114         222
Income Tax Expense                                37          75
Income Tax Rate Change Benefit (c)                --         (29)
                                             -------     -------
Net Income                                        77         176
Preferred Stock Dividends                          3           1
                                             -------     -------
Net Income Applicable to Common
  Share Owners                               $    74     $   175
                                             =======     =======
Basic Average Common Shares
   Outstanding                                   425         393
                                             =======     =======
Basic Net Income Per Share Applicable
  to Common Share Owners (d)                 $  0.18     $  0.45
                                             =======     =======
Diluted Average Common Shares
  Outstanding                                    436         406
                                             =======     =======
Diluted Net Income Per Share Applicable
  to Common Share Owners (d)                 $  0.17     $  0.43
                                             =======     =======
Cash Operating Profit Data:
  Operating Income                           $   673     $   739    (9)%
  Depreciation                                   663         526     26%
  Amortization                                   335         286     17%
                                             -------     -------
Cash Operating Profit                        $ 1,671     $ 1,551      8%
                                             =======     =======
(a) Nine-month 1999 results reflect the 7 acquisitions completed late in 1998
    and early in 1999 as if the transactions were completed on January 1, 1999.
    In addition, nine-month 1999 results include nonrecurring product recall
    costs of $103 million pretax, or 16 cents per share after tax. The costs
    were allocated $91 million to cost of sales and $12 million to selling,
    delivery, and administrative expenses.
(b) Nine-month 1998 results include the results of the Coke Southwest
    acquisition from the closing date of June 5, 1998.
(c) Nine-month 1998 results include a one-time benefit from the reduction
    of the United Kingdom tax rate of 7 cents per diluted share.
(d) Per share data calculated prior to rounding to millions.




                     COCA-COLA ENTERPRISES INC.               Exhibit 99
               CONDENSED CONSOLIDATED BALANCE SHEETS          Page 3 of 4
                           (In Millions)

                                                October 1,      December 31,
                                                  1999             1998
                                               -----------      ----------
                                               (Unaudited)
ASSETS
Current
  Cash and cash investments                     $     94         $    68
  Trade accounts receivable, net                   1,366           1,337
  Inventories                                        631             543
  Prepaid expenses and other current assets          392             337
                                                 -------         -------
    Total Current Assets                           2,483           2,285

Net Property, Plant, and Equipment                 5,325           4,891
Franchises and Other Noncurrent Assets, Net       14,705          13,956
                                                 -------         -------
                                                 $22,513         $21,132
                                                 =======         =======
LIABILITIES AND SHARE-OWNERS' EQUITY
Current
  Accounts payable and accrued expenses          $ 2,163         $ 2,257
  Current portion of long-term debt                1,462           1,140
                                                 -------         -------
    Total Current Liabilities                      3,625           3,397

Long-Term Debt, Less Current Maturities            9,762           9,605
Retirement and Insurance Programs and
  Other Long-Term Obligations                      1,052             977
Long-Term Deferred Income Tax Liabilities          5,037           4,715
Share-Owners' Equity                               3,037           2,438
                                                 -------         -------
                                                 $22,513         $21,132
                                                 =======         =======


















                      COCA-COLA ENTERPRISES INC.              Exhibit 99
                      Summary of Key Information              Page 4 of 4
                             (Unaudited)



                                                Reported        Comparable
Third-Quarter 1999                               Change         Change (a)
- -------------------                             --------        ----------

Cash Operating Profit - Consolidated                14%             11%

Physical Case Bottle and Can Volume (b)
  Consolidated                                       5%              2%
  North America                                      2%            (2)%
  Europe                                            17%             15%

Fountain Gallon Volume (b)                           6%              1%

Net Revenues Per Case to Retailers --
  Bottle and Can                                     3%              4%

Cost of Sales Per Case -- Bottle and Can             1%          (1/2)%



Nine-Months 1999
- -------------------
Cash Operating Profit - Consolidated                 8%             10%

Physical Case Bottle and Can Volume (b)
  Consolidated                                       3%            (1)%
  North America                                      3%            (2)%
  Europe                                             2%              3%

Fountain Gallon Volume (b)                          10%              2%

Net Revenues Per Case to Retailers --
  Bottle and Can                                     3%              4%

Cost of Sales Per Case -- Bottle and Can             3%            Flat

(a) To determine the comparable results for the change in key operating
    variables, 1998 and 1999 acquisitions are included for the same
    period in 1998 as reported in 1999 and 1999 results have been
    adjusted to exclude the second-quarter 1999 nonrecurring product
    recall costs.
(b) To determine comparable results for the change in volume, 1998
    results have also been adjusted to include the same number of fiscal
    days as 1999.
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