Pepsico inc 2020 annual report PDF

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Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2020, December 28, 2019 and December 29, 2018 (in millions except per share amounts)

Net Revenue Cost of sales Gross profit Selling, general and administrative expenses Operating Profit Other pension and retiree medical benefits income/(expense) Net interest expense and other Income before income taxes Provision for/(benefit from) income taxes (See Note 5) Net income Less: Net income attributable to noncontrolling interests Net Income Attributable to PepsiCo Net Income Attributable to PepsiCo per Common Share Basic Diluted Weighted-average common shares outstanding Basic Diluted See accompanying notes to the consolidated financial statements.

58

$

2020 70,372 $ 31,797 38,575 28,495 10,080 117 (1,128) 9,069 1,894 7,175 55 7,120 $

2019 67,161 $ 30,132 37,029 26,738 10,291 (44) (935) 9,312 1,959 7,353 39 7,314 $

$ $

5.14 $ 5.12 $

5.23 $ 5.20 $

$

1,385 1,392

1,399 1,407

2018 64,661 29,381 35,280 25,170 10,110 298 (1,219) 9,189 (3,370) 12,559 44 12,515 8.84 8.78 1,415 1,425

Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 26, 2020 and December 28, 2019 (in millions except per share amounts) 2019

2020 ASSETS Current Assets Cash and cash equivalents Short-term investments Accounts and notes receivable, net Inventories Prepaid expenses and other current assets Total Current Assets Property, Plant and Equipment, net Amortizable Intangible Assets, net Goodwill Other Indefinite-Lived Intangible Assets Investments in Noncontrolled Affiliates Deferred Income Taxes Other Assets Total Assets

$

$

LIABILITIES AND EQUITY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debt Obligations Deferred Income Taxes Other Liabilities Total Liabilities Commitments and contingencies PepsiCo Common Shareholders’ Equity

$

Common stock, par value 12/3¢ per share (authorized 3,600 shares; issued, net of repurchased common stock at par value: 1,380 and 1,391 shares, respectively) Capital in excess of par value Retained earnings Accumulated other comprehensive loss Repurchased common stock, in excess of par value (487 and 476 shares, respectively) Total PepsiCo Common Shareholders’ Equity Noncontrolling interests Total Equity Total Liabilities and Equity $ See accompanying notes to the consolidated financial statements.

62

8,185 1,366 8,404 4,172 874 23,001 21,369 1,703 18,757 17,612 2,792 4,372 3,312 92,918

3,780 19,592 23,372 40,370 4,284 11,340 79,366

$

$

$

23 3,910 63,443 (15,476) (38,446) 13,454 98 13,552 92,918 $

5,509 229 7,822 3,338 747 17,645 19,305 1,433 15,501 14,610 2,683 4,359 3,011 78,547

2,920 17,541 20,461 29,148 4,091 9,979 63,679

23 3,886 61,946 (14,300) (36,769) 14,786 82 14,868 78,547...