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    PepsiCo Inc (PEP)

    Financials

    Updated Feb 19, 2025, 2:12 AM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net Revenue (USD, millions)23,453.0027,850.0091,47118,25022,501.0023,319.0027,784.0091,854
    Cost of sales (USD, millions)10,675.0013,097.0041,8818,2489,919.0010,396.0013,181.0041,744
    Gross profit (USD, millions)12,778.0014,753.0049,59010,00212,582.0012,923.0014,603.0050,110
    Selling, general and administrative expenses (USD, millions)8,757.0012,149.0036,6777,2858,534.009,051.0012,320.0037,190
    Gain associated with the Juice Transaction (USD, millions)--------
    Impairment of intangible assets (USD, millions)-921.00927----
    Operating Profit (USD, millions)4,015.001,683.0011,9862,7174,048.003,872.0012,887
    Other pension and retiree medical benefits (expense)/income (USD, millions)62.0067.002505856.0041.00(177.00)(22)
    Net interest expense and other (USD, millions)(201.00)(217.00)(819)(202)(234.00)(219.00)(264.00)(919)
    Income before income taxes (USD, millions)3,876.001,533.0011,4172,5733,870.003,694.001,809.0011,946
    Provision for income taxes (USD, millions)760.00209.002,262520776.00749.00275.002,320
    Net income (USD, millions)3,116.001,324.009,1552,0533,094.001,534.009,626
    Less: Net income attributable to noncontrolling interests (USD, millions)24.0022.00811111.0015.0011.0048
    Net Income Attributable to PepsiCo (USD, millions)3,092.001,302.009,0742,0423,083.002,930.001,523.009,578
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Cash and cash equivalents (USD, millions)10,0179,7119,7118,0477,3088,5058,505
    Short-term investments (USD, millions)266292292303315761761
    Accounts and notes receivable, net (USD, millions)11,78210,81510,81510,93811,94212,08810,33310,333
    Inventories (USD, millions)5,5585,3345,334-----
    Raw materials and packaging (USD, millions)2,4562,3882,3882,4652,6352,5592,4402,440
    Work-in-process (USD, millions)11910410497121131104104
    Finished goods (USD, millions)2,9832,8422,8423,0073,1312,9542,7622,762
    Prepaid expenses and other current assets (USD, millions)1,0267987981,1481,2061,069921921
    Total Current Assets (USD, millions)28,64926,95026,95026,00525,70326,85225,82625,826
    Property, Plant and Equipment, net (USD, millions)24,85327,03927,03926,79227,04227,18828,00828,008
    Amortizable Intangible Assets, net (USD, millions)1,2081,1991,1991,1731,1511,1321,1021,102
    Goodwill (USD, millions)17,89217,72817,72817,64617,64817,70917,53417,534
    Other Indefinite-Lived Intangible Assets (USD, millions)14,29313,73013,73013,68013,67513,72513,69913,699
    Investments in Noncontrolled Affiliates (USD, millions)2,9552,7142,7142,7342,6742,6451,9851,985
    Deferred Income Taxes (USD, millions)4,0473,8953,8954,0873,9083,6843,4843,484
    Other Assets (USD, millions)5,9386,6616,6617,5667,1756,9416,9516,951
    Total Assets (USD, millions)99,953100,495100,495100,04099,533100,51399,467
    Short-term debt obligations (USD, millions)8,9376,5106,5108,1618,2897,0827,082
    Accounts payable and other current liabilities (USD, millions)23,72325,13725,13722,07322,85923,79124,45424,454
    Total Current Liabilities (USD, millions)32,66031,64731,64730,23431,14830,31531,53631,536
    Long-Term Debt Obligations (USD, millions)35,83737,59537,59537,70736,63838,49037,22437,224
    Other Liabilities (USD, millions)8,4398,7218,7218,8228,2598,4199,0529,052
    Total Liabilities (USD, millions)80,98381,85881,85880,85079,95380,90881,29681,296
    Common stock, par value 1 2 / 3 ¢ per share (USD, millions)2323232323232323
    Capital in excess of par value (USD, millions)4,1544,2614,2614,1324,2034,2814,3854,385
    Retained earnings (USD, millions)70,47970,03570,03570,33171,54572,60772,26672,266
    Accumulated other comprehensive loss (USD, millions)(15,794)(15,534)(15,534)(15,179)(15,786)(16,652)(17,612)(17,612)
    Repurchased common stock, in excess of par value (USD, millions)(40,056)(40,282)(40,282)(40,260)(40,539)(40,806)(41,021)(41,021)
    Total PepsiCo Common Shareholders’ Equity (USD, millions)18,80618,50318,50319,04719,44619,45318,04118,041
    Noncontrolling interests (USD, millions)164134134143134152130130
    Total Equity (USD, millions)18,97018,63718,63719,19019,58019,60518,17118,171
    Total Liabilities and Equity (USD, millions)99,953100,495100,495100,04099,533100,51399,46799,467
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net income (USD, millions)3,116.001,324.009,1552,0533,094.002,945.001,534.009,626
    Depreciation and amortization (USD, millions)705.00975.002,948641738.00739.001,042.003,160
    Gain associated with the Juice Transaction (USD, millions)--------
    Impairment and other charges (USD, millions)5.001,128.001,230---704.00714
    Indirect tax impact (USD, millions)-------218
    Product recall-related impact (USD, millions)--13616715.002.003.00187
    Cash payments for product recall-related impact (USD, millions)---(108)(27.00)(3.00)(10.00)(148)
    Operating lease right-of-use asset amortization (USD, millions)136.00186.00570127151.00160.00217.00655
    Share-based compensation expense (USD, millions)88.00113.003809786.0077.00102.00362
    Restructuring and impairment charges (USD, millions)83.00158.004459674.00245.00312.00727
    Cash payments for restructuring charges (USD, millions)(96.00)(151.00)(434)(60)(113.00)(111.00)(152.00)(436)
    Pension and retiree medical plan expense (USD, millions)31.0057.001503136.0047.00300.00414
    Pension and retiree medical plan contributions (USD, millions)(165.00)(36.00)(410)(218)(45.00)(37.00)(48.00)(348)
    Deferred income taxes and other tax charges and credits (USD, millions)73.00(614.00)(271)11626.00(18.00)(166.00)(42)
    Tax expense related to the TCJ Act (USD, millions)--------
    Tax payments related to the TCJ Act (USD, millions)0.000.00(309)--0.000.00(579)
    Accounts and notes receivable, change in assets and liabilities (USD, millions)(369.00)906.00(793)(96)(1,042.00)(383.00)1,383.00(138)
    Inventories, change in assets and liabilities (USD, millions)378.00212.00(261)(291)(405.00)204.00178.00(314)
    Prepaid expenses and other current assets, change in assets and liabilities (USD, millions)29.00229.00(13)(23.00)165.00240.0040
    Accounts payable and other current liabilities, change in assets and liabilities (USD, millions)1,101.001,279.00420440.00656.001,151.00(1,161)
    Income taxes payable, change in assets and liabilities (USD, millions)412.00(202.00)31022265.00139.00(549.00)(123)
    Other, net, change in assets and liabilities (USD, millions)78.00117.00189(68)(135.00)68.00(172.00)(307)
    Net Cash Provided by Operating Activities (USD, millions)5,611.005,812.0013,4422,356.004,905.006,287.0012,507
    Capital spending (USD, millions)(1,024.00)(2,981.00)(5,518)(614)(1,087.00)(1,149.00)(2,468.00)(5,318)
    Sales of property, plant and equipment (USD, millions)9.0067.001987120.0050.00165.00342
    Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets (USD, millions)(49.00)(182.00)(314)(6)(24.00)(1.00)(225.00)(256)
    Proceeds associated with the Juice Transaction (USD, millions)--------
    Other divestitures, sales of investments in noncontrolled affiliates and other assets (USD, millions)0.000.00755382.0010.0021.00166
    More than three months - purchases, Short-term investments, by original maturity (USD, millions)(120.00)0.00(555)---0.00(425)
    More than three months - maturities, Short-term investments, by original maturity (USD, millions)191.002.00556-----
    More than three months - sales, Short-term investments, by original maturity (USD, millions)-0.0012-----
    Three months or less, net, Short-term investments, by original maturity (USD, millions)8.00(21.00)38(7.00)3.001.005
    Other investing, net (USD, millions)17.00(1.00)48(10)24.001.00(1.00)14
    Net Cash Used for Investing Activities (USD, millions)(956.00)(3,116.00)(5,495)(562)(892.00)(1,511.00)(2,507.00)(5,472)
    Proceeds from issuances of long-term debt (USD, millions)0.002,496.005,4821,7612,249.0028.004,042
    Payments of long-term debt (USD, millions)(1.00)(752.00)(3,005)(1,252)(1,630.00)(1.00)(1,003.00)(3,886)
    More than three months - proceeds, Short-term borrowings, by original maturity (USD, millions)3,028.00740.005,4282,313767.00728.001,978.005,786
    More than three months - payments, Short-term borrowings, by original maturity (USD, millions)(1,011.00)(2,069.00)(3,106)(1,631)(507.00)(2,039.00)(1,462.00)(5,639)
    Three months or less, net, Short-term borrowings, by original maturity (USD, millions)(628.00)(1,424.00)(29)774512.00(1,185.00)291.00392
    Cash dividends paid (USD, millions)(1,742.00)(1,741.00)(6,682)(1,767)(1,739.00)(1,863.00)(1,860.00)(7,229)
    Share repurchases (USD, millions)(298.00)(249.00)(1,000)(146)(315.00)(299.00)(240.00)(1,000)
    Proceeds from exercises of stock options (USD, millions)14.0016.001166641.0031.0028.00166
    Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted (USD, millions)(16.00)(5.00)(140)(108)(23.00)(1.00)(3.00)(135)
    Other financing (USD, millions)(2.00)(55.00)(73)--(2.00)(31.00)(53)
    Net Cash Used for Financing Activities (USD, millions)(656.00)(3,043.00)(3,009)10(2,910.00)(2,382.00)(2,274.00)(7,556)
    Effect of exchange rate changes on cash and cash equivalents and restricted cash (USD, millions)(110.00)(23.00)(277)(38)(266.00)(87.00)(296.00)(687)
    Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash (USD, millions)3,889.00(370.00)4,661(1,631)(1,712.00)925.001,210.00(1,208)
    Cash and Cash Equivalents and Restricted Cash, Beginning of Year (USD, millions)5,1005,1005,1009,7619,7619,7619,7619,761
    Cash and Cash Equivalents and Restricted Cash, End of Year (USD, millions)10,1319,7619,7618,1306,4187,3438,5538,553
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Frito-Lay North America5,9547,47324,9145,6765,8745,888--
    Quaker Foods North America7478933,101593561648--
    PepsiCo Beverages North America7,1617,91227,6265,8746,8117,175--
    Latin America3,0553,96611,6542,0673,0452,915--
    Europe3,7044,21613,2341,9363,5153,946--
    Africa, Middle East and South Asia1,6151,9376,1391,0401,5921,552--
    Asia Pacific, Australia and New Zealand and China1,2171,4534,8031,0641,1031,195--
    Europe Sub-Saharan Africa--------
    - Europe--------
    - Africa, Middle East and South Asia--------
    Asia, Middle East and North Africa--------
    - Asia Pacific, Australia and New Zealand and China--------
    Total Revenue23,45327,8591,47118,25022,50123,319--
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Latin America3,055--2,0673,0452,915--
    FLNA--------
    QFNA--------
    PBNA--------
    NAB--------
    LatAm--------
    Europe3,704--1,9363,5153,946--
    ESSA--------
    AMESA1,615--1,0401,5921,552--
    AMENA--------
    APAC1,217--1,0641,1031,195--
    United States--52,165-----
    Mexico--7,011-----
    Canada--3,722-----
    Russia--3,566-----
    China--2,703-----
    United Kingdom--1,946-----
    Brazil--1,779-----
    South Africa--1,707-----
    All other countries--16,872-----
    - PepsiCo Americas Beverages (PAB)--------
    - Asia, Middle East and Africa (AMEA)--------
    Total Revenue23,45327,8591,47118,25022,50123,319--
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Organic volume for FLNA (percentage)-0.5--1-2-4-1--
    Organic volume for QFNA (percentage)1-(5)(22)(17)(13)--
    Organic volume for PBNA (percentage)-6--5-5-3.5-3--
    Organic volume for Latin America (percentage)-5--5-1-5-2--
    Organic volume for Europe (percentage)---2321--
    Organic volume for Africa, Middle East and South Asia (AMESA) (percentage)-2--251-3.5--
    Organic volume for Asia Pacific, Australia and New Zealand and China region (APAC) (percentage)1-(2)12-(1)--
    Total organic volume (percentage)(2.5)-(3)(2)(3)(2)--
    Effective net pricing for FLNA (percentage)8-10330.5--
    Effective net pricing for QFNA (percentage)4-5-2-1---
    Effective net pricing for PBNA (percentage)12-12653--
    Effective net pricing for Latin America (percentage)14-16964--
    Effective net pricing for Europe (percentage)13-16755--
    Effective net pricing for Africa, Middle East and South Asia (AMESA) (percentage)18-2021110--
    Effective net pricing for Asia Pacific, Australia and New Zealand and China region (APAC) (percentage)7-6-11.5---
    Total effective net pricing (percentage)11-13553--