PepsiCo, Inc. Financial Statements — PEP Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	57,838	66,504	65,492	66,415	66,683	63,056	62,799	63,525	64,661	67,161	70,372	79,474	86,392	91,471	91,854
- Cost of Revenue	26,575	31,593	31,291	31,243	31,238	28,731	28,222	28,796	29,381	30,132	31,797	37,075	40,576	41,881	41,744
+ Cost of Goods & Services	26,575	31,593	31,291	31,243	31,238	28,731	28,222	28,796	29,381	30,132	31,797	37,075	40,576	41,881	41,744
+ Sales & Services Revenue	57,838	66,504	65,492	66,415	66,683	63,056	62,799	63,525	64,661	67,161	70,372	79,474	86,392	91,471	91,854
Gross Profit	31,263	34,911	34,201	35,172	35,445	34,325	34,577	34,729	35,280	37,029	38,575	42,399	45,816	49,590	50,110
- Operating Expenses	22,931	25,278	25,089	25,467	25,864	24,613	24,773	24,453	25,170	26,738	28,453	31,237	34,459	36,677	37,190
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	117	133	119	110	92	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	22,814	25,145	24,970	25,357	25,772	24,613	24,773	24,453	25,170	26,738	28,453	31,237	34,459	36,677	37,190
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	8,332	9,633	9,112	9,705	9,581	9,712	9,804	10,276	10,110	10,291	10,122	11,162	11,357	12,913	12,920
- Non-Operating (Income) Loss	100	799	808	814	824	2,270	1,251	674	921	979	1,053	1,341	652	1,496	974
+ Interest Expense, Net	835	799	808	814	824	911	1,232	907	913	735	1,128	1,863	939	819	919
+ Interest Expense	903	856	899	911	909	970	1,342	1,151	1,219	935	1,128	1,863	939	819	919
- Interest Income	68	57	91	97	85	59	110	244	306	200	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-735	- -	- -	- -	- -	1,359	19	-233	8	244	-75	-522	-287	677	55
Pretax Income	8,232	8,834	8,304	8,891	8,757	7,442	8,553	9,602	9,189	9,312	9,069	9,821	10,705	11,417	11,946
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	1,894	2,372	2,090	2,104	2,199	1,941	2,174	4,694	-3,370	1,959	1,894	2,142	1,727	2,262	2,320
Income (Loss) from Cont Ops	6,338	6,462	6,214	6,787	6,558	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
- Net Extraordinary Losses (Gains)	36	38	72	94	90	98	100	102	88	78	110	122	136	162	96
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	36	38	72	94	90	98	100	102	88	78	110	122	136	162	96
Income (Loss) Incl. MI	6,302	6,424	6,142	6,693	6,468	5,403	6,279	4,806	12,471	7,275	7,065	7,557	8,842	8,993	9,530
- Minority Interest	-18	-19	-36	-47	-45	-49	-50	-51	-44	-39	-55	-61	-68	-81	-48
Net Income, GAAP	6,320	6,443	6,178	6,740	6,513	5,452	6,329	4,857	12,515	7,314	7,120	7,618	8,910	9,074	9,578
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	1	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	6,319	6,442	6,177	6,739	6,512	5,451	6,328	4,857	12,515	7,314	7,120	7,618	8,910	9,074	9,578
Basic Weighted Avg Shares	1,590	1,564	1,544	1,529	1,488	1,448	1,428	1,420	1,415	1,391	1,380	1,383	1,377	1,374	1,372
Basic EPS, GAAP	3.97	4.12	4	4.41	4.38	3.76	4.43	3.42	8.84	5.26	5.16	5.51	6.47	6.6	6.98
Basic EPS from Cont Ops	3.99	4.13	4.02	4.44	4.41	3.8	4.47	3.46	8.88	5.29	5.2	5.55	6.52	6.66	7.02
Diluted Weighted Avg Shares	1,614	1,597	1,575	1,560	1,527	1,485	1,452	1,438	1,425	1,407	1,392	1,389	1,387	1,383	1,378
Diluted EPS, GAAP	3.92	4.03	3.92	4.32	4.26	3.67	4.36	3.38	8.78	5.2	5.11	5.48	6.42	6.56	6.95
Diluted EPS from Cont Ops	3.93	4.05	3.95	4.35	4.29	3.7	4.39	3.41	8.81	5.23	5.15	5.53	6.47	6.62	6.99
EBITDA	10,659	12,370	11,801	12,368	12,206	12,128	12,172	12,645	12,509	13,135	13,148	14,377	14,637	16,431	16,735
EBITDA Margin (%)	18.43	18.6	18.02	18.62	18.3	19.23	19.38	19.91	19.35	19.56	18.68	18.09	16.94	17.96	18.22
EBITA	8,332	9,633	9,112	9,705	9,581	9,712	9,804	10,276	10,110	10,291	10,122	11,162	11,357	12,913	12,920
EBIT	8,332	9,633	9,112	9,705	9,581	9,712	9,804	10,276	10,110	10,291	10,122	11,162	11,357	12,913	12,920
Gross Margin (%)	54.05	52.49	52.22	52.96	53.15	54.44	55.06	54.67	54.56	55.13	54.82	53.35	53.03	54.21	54.55
Operating Margin (%)	14.41	14.48	13.91	14.61	14.37	15.4	15.61	16.18	15.64	15.32	14.38	14.04	13.15	14.12	14.07
Profit Margin (%)	10.93	9.69	9.43	10.15	9.77	8.65	10.08	7.65	19.35	10.89	10.12	9.59	10.31	9.92	10.43
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.87	2.02	2.14	2.25	2.51	2.79	2.96	3.15	3.48	3.81	3.99	4.2	4.48	4.86	5.27
Depreciation Expense	2,327	2,737	2,689	2,663	2,625	2,416	2,368	2,369	2,399	2,844	3,026	3,215	3,280	3,518	3,815

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	17,569	17,441	18,720	22,203	20,663	23,031	26,450	31,027	21,893	17,645	23,001	21,783	21,539	26,950	25,826
+ Accounts & Notes Receiv	6,323	6,912	7,041	6,954	6,651	6,437	6,694	7,024	7,142	7,822	8,404	8,680	10,163	10,815	10,333
+ Accounts Receivable, Net	5,514	6,036	6,215	6,178	5,817	5,497	5,709	5,956	6,079	6,447	6,892	7,172	8,192	8,675	8,487
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	809	876	826	776	834	940	985	1,068	1,063	1,375	1,512	1,508	1,971	2,140	1,846
+ Cash, Cash Equivalents & STI	6,369	4,425	6,619	9,678	8,726	12,009	16,125	19,510	8,993	5,738	9,551	5,988	5,348	10,003	9,266
+ Cash & Cash Equivalents	5,943	4,067	6,297	9,375	6,134	9,096	9,158	10,610	8,721	5,509	8,185	5,596	4,954	9,711	8,505
+ ST Investments	426	358	322	303	2,592	2,913	6,967	8,900	272	229	1,366	392	394	292	761
+ Inventories	3,372	3,827	3,581	3,409	3,143	2,720	2,723	2,947	3,128	3,338	4,172	4,347	5,222	5,334	5,306
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	1,590	1,737	1,533	1,509	1,377	1,247	1,258	1,436	1,638	1,743	2,247	2,298	2,742	2,842	2,762
+ Work In Process	128	207	173	168	173	161	150	167	178	200	205	151	114	104	104
+ Raw Materials	1,654	1,883	1,875	1,732	1,593	1,312	1,315	1,344	1,312	1,395	1,720	1,898	2,366	2,388	2,440
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1,505	2,277	1,479	2,162	2,143	1,865	908	1,546	2,630	747	874	2,768	806	798	921
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	50,584	55,441	55,918	55,275	49,846	46,636	47,040	48,777	55,755	60,902	69,917	70,594	70,648	73,545	73,641
+ LT Investments & Receivables	2,021	1,566	2,351	2,623	2,689	2,311	1,950	2,042	2,409	2,683	2,792	2,627	3,886	4,330	3,331
+ LT Investments	2,021	1,566	2,351	2,623	2,689	2,311	1,950	2,042	2,409	2,683	2,792	2,627	3,886	4,330	3,331
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	19,058	19,698	19,136	18,575	17,244	16,317	16,591	17,240	17,589	20,853	23,039	24,427	26,664	29,944	31,391
- Accumulated Depreciation	13,983	15,442	17,026	18,386	19,056	19,430	20,227	21,866	22,575	23,698	24,971	24,421	25,493	27,400	27,997
+ Property, Plant & Equip	33,041	35,140	36,162	36,961	36,300	35,747	36,818	39,106	40,164	44,551	48,010	48,848	52,157	57,344	59,388
+ Other LT Assets	29,505	34,177	34,431	34,077	29,913	28,008	28,499	29,495	35,757	37,366	44,086	43,540	40,098	39,271	38,919
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	28,469	33,245	33,496	32,652	29,053	27,258	27,863	28,582	30,633	31,544	38,072	37,046	33,788	32,657	32,335
+ Goodwill	14,661	16,800	16,971	16,613	14,965	14,177	14,430	14,744	14,808	15,501	18,757	18,381	18,202	17,728	17,534
+ Other Intangible Assets	13,808	16,445	16,525	16,039	14,088	13,081	13,433	13,838	15,825	16,043	19,315	18,665	15,586	14,929	14,801
+ Misc LT Assets	1,036	932	935	1,425	860	750	636	913	5,124	5,822	6,014	6,494	6,310	6,614	6,584
Total Assets	68,153	72,882	74,638	77,478	70,509	69,667	73,490	79,804	77,648	78,547	92,918	92,377	92,187	100,495	99,467
+ Payables & Accruals	6,543	7,193	7,847	8,018	8,358	8,906	9,699	10,278	13,080	12,129	13,218	14,429	15,979	16,925	16,340
+ Other Payables & Accruals	2,607	2,918	3,025	3,144	3,231	3,360	3,541	3,551	5,867	4,116	4,365	4,595	5,247	5,290	5,343
+ Accounts Payable	3,865	4,083	4,451	4,874	5,127	5,546	6,158	6,727	7,213	8,013	8,853	9,834	10,732	11,635	10,997
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	71	192	371	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	4,898	6,205	4,815	5,306	5,076	4,071	6,892	5,485	4,026	3,362	4,240	4,754	3,897	7,066	7,724
+ ST Borrowings	4,898	6,205	4,815	5,306	5,076	4,071	6,892	5,485	4,026	2,920	3,780	4,308	3,414	6,510	7,082
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	442	460	446	483	556	642
+ Other ST Liabilities	4,451	4,756	4,427	4,515	4,658	4,601	4,544	4,739	5,032	4,970	5,914	7,037	6,909	7,656	7,472
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	4,451	4,756	4,427	4,515	4,658	4,601	4,544	4,739	5,032	4,970	5,914	7,037	6,909	7,656	7,472
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	15,892	18,154	17,089	17,839	18,092	17,578	21,135	20,502	22,138	20,461	23,372	26,220	26,785	31,647	31,536
+ LT Debt	19,999	20,568	23,544	24,333	23,821	29,213	30,053	33,796	28,295	29,148	40,370	36,026	35,657	37,595	37,224
+ LT Borrowings	19,999	20,568	23,544	24,333	23,821	29,213	30,053	33,796	28,295	29,148	40,370	36,026	35,657	37,595	37,224
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	10,786	13,261	11,606	10,917	11,048	10,846	11,103	14,525	12,613	14,070	15,624	13,980	12,472	12,616	12,536
+ Accrued Liabilities	4,057	4,995	5,063	5,986	5,304	4,959	4,434	3,242	3,499	4,091	4,284	4,826	4,133	3,895	3,484
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	6,729	8,266	6,543	4,931	5,744	5,887	6,669	11,283	9,114	9,979	11,340	9,154	8,339	8,721	9,052
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	30,785	33,829	35,150	35,250	34,869	40,059	41,156	48,321	40,908	43,218	55,994	50,006	48,129	50,211	49,760
Total Liabilities	46,677	51,983	52,239	53,089	52,961	57,637	62,291	68,823	63,046	63,679	79,366	76,226	74,914	81,858	81,296
+ Preferred Equity and Hybrid Capital	41	41	41	41	41	41	41	41	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,408	4,330	4,040	3,949	3,959	3,914	3,923	3,823	3,976	3,909	3,933	4,024	4,157	4,284	4,408
+ Additional Paid in Capital	4,377	4,304	4,014	3,924	3,934	3,890	3,899	3,799	3,953	3,886	3,910	4,001	4,134	4,261	4,385
+ Common Stock	31	26	26	25	25	24	24	24	23	23	23	23	23	23	23
- Treasury Stock	16,745	17,870	19,458	21,004	24,985	29,185	31,468	32,757	34,286	36,769	38,446	38,248	39,506	40,282	41,021
+ Retained Earnings	37,090	40,316	43,158	46,420	49,092	50,472	52,518	52,839	59,947	61,946	63,443	65,165	67,800	70,035	72,266
+ Other Equity	-3,630	-6,229	-5,487	-5,127	-10,669	-13,319	-13,919	-13,057	-15,119	-14,300	-15,476	-14,898	-15,302	-15,534	-17,612
Equity Before Minority Interest	21,164	20,588	22,294	24,279	17,438	11,923	11,095	10,889	14,518	14,786	13,454	16,043	17,149	18,503	18,041
+ Minority/Non Controlling Interest	312	311	105	110	110	107	104	92	84	82	98	108	124	134	130
Total Equity	21,476	20,899	22,399	24,389	17,548	12,030	11,199	10,981	14,602	14,868	13,552	16,151	17,273	18,637	18,171
Total Liabilities & Equity	68,153	72,882	74,638	77,478	70,509	69,667	73,490	79,804	77,648	78,547	92,918	92,377	92,187	100,495	99,467
Shares Outstanding	1,581	1,564	1,544	1,529	1,488	1,448	1,428	1,420	1,409	1,391	1,380	1,383	1,377	1,374	1,372
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	442	460	446	483	556	642
Net Debt	18,954	22,706	22,062	20,264	22,763	24,188	27,787	28,671	23,600	26,559	35,965	34,738	34,117	34,394	35,801
Net Debt to Equity	88.26	108.65	98.5	83.09	129.72	201.06	248.12	261.1	161.62	178.63	265.39	215.08	197.52	184.55	197.02
Tangible Common Equity Ratio	-17.73	-31.25	-27.07	-18.52	-27.85	-36	-36.61	-34.44	-34.1	-35.48	-44.71	-37.76	-28.28	-20.67	-21.1
Current Ratio	1.11	0.96	1.1	1.24	1.14	1.31	1.25	1.51	0.99	0.86	0.98	0.83	0.8	0.85	0.82
Cash Conversion Cycle	-6.96	28.02	27.18	20.11	12.18	1.18	-7.91	-11.58	-14.36	-18.38	-16.63	-17.32	-15.05	-17.55	-18.4
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	6,338	6,462	6,214	6,787	6,558	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
+ Depreciation & Amortization	2,327	2,737	2,689	2,663	2,625	2,416	2,368	2,369	2,399	2,844	3,026	3,215	3,280	3,518	3,815
+ Non-Cash Items	-980	589	-858	-720	164	1,955	1,020	3,240	-6,455	-69	715	4	-559	1,106	762
+ Asset Impairment Charge	145	- -	- -	- -	- -	1,359	36	21	- -	92	33	32	3,651	1,232	828
+ Deferred Income Taxes	500	495	321	-1,058	-19	78	452	3,070	-4,906	445	361	488	-787	-271	176
+ Other Non-Cash Adj	-1,924	-232	-1,457	35	-114	223	248	-143	-1,805	-843	57	-817	-3,766	-235	-604
+ Stock-Based Compensation	299	326	278	303	297	295	284	292	256	237	264	301	343	380	362
+ Chg in Non-Cash Work Cap	763	-844	434	958	1,159	992	896	-487	912	-479	-303	718	-888	-337	-1,696
+ (Inc) Dec in Accts Receiv	-268	-666	-250	-88	-343	-461	-349	-202	-253	-650	-420	-651	-1,763	-793	-138
+ Inc (Dec) in Accts Payable	611	180	451	1,093	1,533	1,747	1,310	-137	1,330	448	607	1,792	1,899	730	-1,284
+ (Inc) Dec in Inventories	276	-331	144	4	-111	-244	-75	-168	-174	-190	-516	-582	-1,142	-261	-314
+ (Inc) Dec in Prepaid Assets	144	-27	89	-51	80	-50	10	20	9	-87	26	159	118	-13	40
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	8,448	8,944	8,479	9,688	10,506	10,864	10,663	10,030	9,415	9,649	10,613	11,616	10,811	13,442	12,507
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	81	84	95	109	115	86	99	180	134	170	55	166	251	198	342
+ Disp of Fixed Prod Assets	81	84	95	109	115	86	99	180	134	170	55	166	251	198	342
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-212	66	61	61	-2,298	-314	-4,089	-1,849	8,701	97	-1,108	1,077	-117	16	-420
+ Dec in LT Investment	29	66	61	61	4,007	4,114	8,415	16,536	14,338	97	27	1,135	174	571	5
+ Inc in LT Investment	-241	- -	- -	- -	-6,305	-4,428	-12,504	-18,385	-5,637	- -	-1,135	-58	-291	-555	-425
+ Net Cash From Acq & Div	-4,267	-2,413	-491	21	115	-578	-127	206	-991	-2,464	-6,366	108	2,632	-239	-90
+ Cash for Acq of Subs	-4,279	-3,193	-459	-109	-88	-654	-212	-61	-1,496	-2,717	-6,372	-61	-873	-314	-256
+ Cash from Divestitures	12	780	-32	130	203	76	85	267	505	253	6	169	3,505	75	166
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3,270	-3,355	-2,670	-2,816	-2,869	-2,763	-3,033	-2,940	-3,280	-4,240	-4,200	-4,620	-5,196	-5,470	-5,304
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-7,668	-5,618	-3,005	-2,625	-4,937	-3,569	-7,150	-4,403	4,564	-6,437	-11,619	-3,269	-2,430	-5,495	-5,472
+ Dividends Paid	-2,978	-3,157	-3,305	-3,434	-3,730	-4,040	-4,227	-4,472	-4,930	-5,304	-5,509	-5,815	-6,172	-6,682	-7,229
+ Net Cash From Debt	8,374	936	2,089	1,466	-331	4,632	3,746	2,050	-6,962	-355	11,293	-4,132	-810	4,770	695
+ Cash From Debt	9,029	3,862	6,548	5,852	3,905	8,770	9,382	7,600	3	4,627	17,886	4,564	5,346	10,910	10,220
+ Repayments of Debt	-655	-2,926	-4,459	-4,386	-4,236	-4,138	-5,636	-5,550	-6,965	-4,982	-6,593	-8,696	-6,156	-6,140	-9,525
+ Cash (Repurchase) of Equity	-4,978	-2,489	-3,219	-3,001	-5,012	-5,000	-3,000	-2,000	-2,000	-3,000	-2,000	-106	-1,500	-1,000	-1,000
+ Decrease in Capital Stock	-4,978	-2,489	-3,219	-3,001	-5,012	-5,000	-3,000	-2,000	-2,000	-3,000	-2,000	-106	-1,500	-1,000	-1,000
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	968	-425	1,129	1,180	809	296	270	236	123	170	35	-727	-41	-97	-22
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	1,386	-5,135	-3,306	-3,789	-8,264	-4,112	-3,211	-4,186	-13,769	-8,489	3,819	-10,780	-8,523	-3,009	-7,556
Effect of Foreign Exchange Rates	-166	-67	62	-196	-546	-221	-252	47	-98	78	-129	-114	-465	-277	-687
Net Changes in Cash	2,166	-1,809	2,168	3,274	-2,695	3,183	302	1,441	210	-5,277	2,813	-2,433	-142	4,938	-521
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	10,659	12,370	11,801	12,368	12,206	12,128	12,172	12,645	12,509	13,135	13,148	14,377	14,637	16,431	16,735
EBITDA Margin (%)	18.43	18.6	18.02	18.62	18.3	19.23	19.38	19.91	19.35	19.56	18.68	18.09	16.94	17.96	18.22
Net Cash Paid for Acquisitions	4,267	2,413	491	-21	-115	578	127	-206	991	2,464	6,366	-108	-2,632	239	90
Free Cash Flow	8,448	8,944	8,479	9,688	10,506	10,864	10,663	10,030	9,415	9,649	10,613	11,616	10,811	13,442	12,507
Free Cash Flow to Firm	9,143	9,570	9,152	10,383	11,187	11,581	11,664	10,618	- -	10,387	11,505	13,073	11,599	14,099	13,248
Free Cash Flow to Equity	16,902	9,963	10,662	11,262	10,289	15,581	14,507	12,260	2,546	9,464	21,961	7,650	10,252	18,410	13,544
Free Cash Flow per Basic Share	5.31	5.72	5.49	6.34	7.06	7.5	7.47	7.06	6.65	6.94	7.69	8.4	7.85	9.78	9.12
Price/Free Cash Flow	8.29	8.12	8.98	9.71	10.27	10.51	11.28	14	14.07	17.26	17.34	19.06	21.83	16.93	16.75
Cash Flow to Net Income	1.34	1.39	1.37	1.44	1.61	1.99	1.68	2.07	0.75	1.32	1.49	1.52	1.21	1.48	1.31

PepsiCo, Inc.

Income Statement

Balance Sheet

Cash Flow Statement