PepsiCo, Inc. (PEP) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 ANDERSON HILL RD
PURCHASE, NY 10577
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3485,9889,5515,7388,99319,510
Cash and cash equivalents4,9545,5968,1855,5098,72110,610
Short-term investments3943921,3662292728,900
Restricted cash and investments     1,997 
Receivables10,1638,6808,4047,8227,1427,024
Inventory, net of allowances, customer advances and progress billings5,2224,3474,1723,3383,1282,947
Inventory5,2224,3474,1723,3383,1282,947
Other undisclosed current assets8062,7688747476331,546
Total current assets:21,53921,78323,00117,64521,89331,027
Noncurrent Assets
Property, plant and equipment24,29122,40721,36919,30517,58917,240
Long-term investments and receivables3,0732,6272,7922,6832,4092,042
Long-term investments3,0732,6272,7922,6832,4092,042
Intangible assets, net (including goodwill)33,78837,04638,07231,54430,63328,582
Goodwill18,20218,38118,75715,50114,80814,744
Intangible assets, net (excluding goodwill)15,58618,66519,31516,04315,82513,838
Restricted cash and investments     51 
Deferred income tax assets4,2044,3104,3724,359
Other noncurrent assets5,2924,2043,3123,011760913
Other undisclosed noncurrent assets     4,313 
Total noncurrent assets:70,64870,59469,91760,90255,75548,777
TOTAL ASSETS:92,18792,37792,91878,54777,64879,804
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23,37121,15919,59217,54118,11215,017
Interest and dividends payable1,5081,4301,3511,3291,161
Employee-related liabilities2,3242,0591,8351,7551,785
Accounts payable 10,7329,8348,8538,0137,2136,727
Accrued liabilities 4,129     
Other undisclosed accounts payable and accrued liabilities8,5107,4937,2506,3427,8155,344
Debt3,4144,3083,7802,9204,0265,485
Other undisclosed current liabilities  753    
Total current liabilities:26,78526,22023,37220,46122,13820,502
Noncurrent Liabilities
Long-term debt and lease obligation35,65736,02640,37029,14828,29533,796
Long-term debt, excluding current maturities 35,65736,02640,37029,14828,29533,796
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt12,47213,98015,62414,0709,11414,525
Deferred tax liabilities, net 3,242
Deferred income tax liabilities4,1334,8264,2844,091
Other liabilities8,3399,15411,3409,9799,11411,283
Other undisclosed noncurrent liabilities     3,499 
Total noncurrent liabilities:48,12950,00655,99443,21840,90848,321
Total liabilities:74,91476,22679,36663,67963,04668,823
Equity
Equity, attributable to parent, including:17,14916,04313,45414,78614,51811,045
Preferred stock      41
Common stock232323232324
Treasury stock, value(39,506)(38,248) (36,769)  
Additional paid in capital4,1344,0013,9103,8863,9533,996
Accumulated other comprehensive loss(15,302)(14,898)(15,476)(14,300)(15,119)(13,057)
Retained earnings67,80065,16563,44361,94659,94752,839
Other undisclosed equity, attributable to parent   (38,446) (34,286)(32,798)
Equity, attributable to noncontrolling interest12410898828492
Other undisclosed equity      (156)
Total equity:17,27316,15113,55214,86814,60210,981
TOTAL LIABILITIES AND EQUITY:92,18792,37792,91878,54777,64879,804

Income Statement (P&L) ($ in millions)

8/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues86,39279,47470,37267,16164,66163,525
Revenue, net63,525
Cost of revenue
(Cost of Goods and Services Sold)
(40,576)(37,075)(31,797)(30,132)(29,381)(28,785)
Gross profit:45,81642,39938,57537,02935,28034,740
Operating expenses(34,304)(31,237)(28,495)(26,738)(25,170)(24,231)
Other undisclosed operating income      
Operating income:11,51211,16210,08010,29110,11010,509
Nonoperating income132522117156298 
Net periodic defined benefits expense (reversal of expense), excluding service cost component132522117(44)298
Other nonoperating income    200  
Interest and debt expense(939)(1,863)(1,128)(1,135)(1,525)(1,151)
Income from continuing operations before equity method investments, income taxes:10,7059,8219,0699,3128,8839,358
Other undisclosed income from continuing operations before income taxes     306244
Income from continuing operations before income taxes:10,7059,8219,0699,3129,1899,602
Income tax expense (benefit)(1,727)(2,142)(1,894)(1,959)3,370(4,694)
Income from continuing operations:8,9787,6797,1757,35312,5594,908
Income before gain (loss) on sale of properties:7,6797,1757,35312,5594,908
Net income:8,9787,6797,1757,35312,5594,908
Net loss attributable to noncontrolling interest(68)(61)(55)(39)(44)(51)
Net income attributable to parent:8,9107,6187,1207,31412,5154,857
Preferred stock dividends and other adjustments     (2)(4)
Net income available to common stockholders, basic:8,9107,6187,1207,31412,5134,853
Dilutive securities, effect on basic earnings per share     24
Net income available to common stockholders, diluted:8,9107,6187,1207,31412,5154,857

Comprehensive Income ($ in millions)

8/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:8,9787,6797,1757,35312,5594,908
Other comprehensive income (loss)(408)578(1,176)819(2,062)862
Comprehensive income:8,5708,2575,9998,17210,4975,770
Comprehensive loss, net of tax, attributable to noncontrolling interest(64)(61)(55)(39)(44)(51)
Comprehensive income, net of tax, attributable to parent:8,5068,1965,9448,13310,4535,719

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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