PepsiCo, Inc. (PEP) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,9889,5515,7388,99319,51016,12512,009
Cash and cash equivalents5,5968,1855,5098,72110,6109,1589,096
Short-term investments3921,3662292728,9006,9672,913
Restricted cash and investments   1,997   
Receivables8,6808,4047,8227,1427,0246,6946,437
Inventory, net of allowances, customer advances and progress billings4,3474,1723,3383,1282,9472,7232,720
Inventory4,3474,1723,3383,1282,9472,7232,720
Other undisclosed current assets2,7688747476331,5461,5471,865
Total current assets:21,78323,00117,64521,89331,02727,08923,031
Noncurrent Assets
Property, plant and equipment22,40721,36919,30517,58917,24016,59116,317
Long-term investments and receivables2,6272,7922,6832,4092,0421,9502,311
Long-term investments2,6272,7922,6832,4092,0421,9502,311
Intangible assets, net (including goodwill)37,04638,07231,54430,63328,58227,86327,258
Goodwill18,38118,75715,50114,80814,74414,43014,177
Intangible assets, net (excluding goodwill)18,66519,31516,04315,82513,83813,43313,081
Restricted cash and investments   51   
Deferred income tax assets4,3104,3724,359
Other noncurrent assets4,2043,3123,011760913636750
Other undisclosed noncurrent assets   4,313   
Total noncurrent assets:70,59469,91760,90255,75548,77747,04046,636
TOTAL ASSETS:92,37792,91878,54777,64879,80474,12969,667
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:21,15919,59217,54118,11215,01714,24313,507
Accounts payable9,8348,8538,0137,2136,7276,1585,546
Employee-related liabilities2,3242,0591,8351,7551,7851,7701,759
Interest and dividends payable1,5081,4301,3511,3291,1611,0971,041
Other undisclosed accounts payable and accrued liabilities7,4937,2506,3427,8155,3445,2185,161
Debt4,3083,7802,9204,0265,4856,8924,071
Other undisclosed current liabilities753      
Total current liabilities:26,22023,37220,46122,13820,50221,13517,578
Noncurrent Liabilities
Long-term debt and lease obligation36,02640,37029,14828,29533,79630,05329,213
Long-term debt, excluding current maturities36,02640,37029,14828,29533,79630,05329,213
Liabilities, other than long-term debt13,98015,62414,0709,11414,52511,74210,846
Deferred tax liabilities, net 3,2425,0734,959
Deferred income tax liabilities4,8264,2844,091
Other liabilities9,15411,3409,9799,11411,2836,6695,887
Other undisclosed noncurrent liabilities   3,499   
Total noncurrent liabilities:50,00655,99443,21840,90848,32141,79540,059
Total liabilities:76,22679,36663,67963,04668,82362,93057,637
Stockholders' equity
Stockholders' equity attributable to parent, including:16,04313,45414,78614,51811,04511,24612,068
Preferred stock    414141
Common stock23232323242424
Treasury stock, value(38,248) (36,769)    
Additional paid in capital4,0013,9103,8863,9533,9964,0914,076
Accumulated other comprehensive loss(14,898)(15,476)(14,300)(15,119)(13,057)(13,919)(13,319)
Retained earnings65,16563,44361,94659,94752,83952,51850,472
Other undisclosed stockholders' equity attributable to parent (38,446) (34,286)(32,798)(31,509)(29,226)
Stockholders' equity attributable to noncontrolling interest10898828492104107
Other undisclosed stockholders' equity    (156)(151)(145)
Total stockholders' equity:16,15113,55214,86814,60210,98111,19912,030
TOTAL LIABILITIES AND EQUITY:92,37792,91878,54777,64879,80474,12969,667

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues79,47470,37267,16164,66163,52562,79963,056
Revenue, net63,52562,79963,056
Cost of revenue
(Cost of Goods and Services Sold)
(37,075)(31,797)(30,132)(29,381)(28,785)(28,209)(28,384)
Gross profit:42,39938,57537,02935,28034,74034,59034,672
Operating expenses(31,237)(28,495)(26,738)(25,170)(24,231)(24,735)(24,885)
Other undisclosed operating loss     (70)(1,434)
Operating income:11,16210,08010,29110,11010,5099,7858,353
Nonoperating income522117156298   
Net periodic defined benefits expense (reversal of expense), excluding service cost component522117(44)298
Other nonoperating income  200    
Interest and debt expense(1,863)(1,128)(1,135)(1,525)(1,151)(1,342)(970)
Income from continuing operations before equity method investments, income taxes:9,8219,0699,3128,8839,3588,4437,383
Other undisclosed income from continuing operations before income taxes   30624411059
Income from continuing operations before income taxes:9,8219,0699,3129,1899,6028,5537,442
Income tax expense (benefit)(2,142)(1,894)(1,959)3,370(4,694)(2,174)(1,941)
Net income:7,6797,1757,35312,5594,9086,3795,501
Net loss attributable to noncontrolling interest(61)(55)(39)(44)(51)(50)(49)
Net income attributable to parent:7,6187,1207,31412,5154,8576,3295,452
Preferred stock dividends and other adjustments   (2)(4)(1)(1)
Other undisclosed net loss available to common stockholders, basic     (5)(5)
Net income available to common stockholders, basic:7,6187,1207,31412,5134,8536,3235,446
Dilutive securities, effect on basic earnings per share   2466
Net income available to common stockholders, diluted:7,6187,1207,31412,5154,8576,3295,452

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:7,6797,1757,35312,5594,9086,3795,501
Other comprehensive income (loss)578(1,176)819(2,062)862(596)(2,652)
Comprehensive income:8,2575,9998,17210,4975,7705,7832,849
Comprehensive loss, net of tax, attributable to noncontrolling interest(61)(55)(39)(44)(51)(54)(47)
Comprehensive income, net of tax, attributable to parent:8,1965,9448,13310,4535,7195,7292,802

Statements sources

The financial statements are based on the company's filings with the 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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