The world's largest soft drink maker said net income was $5.77 billion, or $2.46 per share, in the fourth quarter, up from $1.54 billion, or 66 cents per share, a year earlier.
Excluding items, earnings were 72 cents per share, meeting analysts' average estimate, according to Thomson Reuters I/B/E/S.
Net revenue rose 40 percent to $10.5 billion, with 37 percent of the gain related to the company's October acquisition of its North American bottling operations.
Sales volume in North America rose 8 percent in the quarter, helped by new brands taken on after the bottler acquisition. Excluding such brands, organic volume rose 3 percent in the quarter, an acceleration from 2 percent gains in the third and second quarters.
(Reporting by Martinne Geller; Editing by Lisa Von Ahn, Dave Zimmerman)