10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2015 | |||
Consolidated Statement of Income | |||
Period Ending Dec 26, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2015 | Dec 27, 2014 | Dec 28, 2013 | |
| Net Revenue | $ 63,056 | 66,683 | 66,415 |
| Cost of sales | 28,384 | 30,884 | 31,243 |
| Gross Profit | 34,672 | 35,799 | 35,172 |
| Selling, general and administrative expenses | 24,885 | 26,126 | 25,357 |
| Venezuela impairment charges | 1,359 | 0 | 0 |
| Amortization of intangible assets | 75 | 92 | 110 |
| Operating Profit | 8,353 | 9,581 | 9,705 |
| Interest expense | (970) | (909) | (911) |
| Interest income and other | 59 | 85 | 97 |
| Income before income taxes | 7,442 | 8,757 | 8,891 |
| Provision for income taxes | 1,941 | 2,199 | 2,104 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 5,501 | 6,558 | 6,787 |
| Less: Net income attributable to noncontrolling interests | 49 | 45 | 47 |
| Net Income Attributable to PepsiCo | 5,452 | 6,513 | 6,740 |
| Net Income Attributable to PepsiCo per Common Share | |||
| Basic | 3.71 | 4.31 | 4.37 |
| Diluted | 3.67 | 4.27 | 4.32 |
| Weighted-average common shares outstanding | |||
| Basic | 1,469 | 1,509 | 1,541 |
| Diluted | 1,485 | 1,527 | 1,560 |
| Cash dividends declared per common share | 2.76 | 2.53 | 2.24 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 26, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2015 | Dec 27, 2014 | Dec 28, 2013 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 5,501 | 6,558 | 6,787 |
| Other Comprehensive Loss | |||
| Currency translation adjustment, pre-tax amount | (2,938) | (5,010) | (1,303) |
| Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax | 0 | 0 | 0 |
| Currency translation adjustment, after-tax amount | (2,938) | (5,010) | (1,303) |
| Reclassification associated with Venezuela impairment charges | 111 | 0 | 0 |
| Reclassification associated with Venezuela impairment charges, tax amount | 0 | ||
| Reclassification associated with Venezuela impairment charges, after-tax | 111 | ||
| Cash flow hedges: | |||
| Reclassification of net losses to net income, pre-tax amount | 97 | 249 | 45 |
| Reclassification of net losses to net income, tax benefit/(expense) | (47) | (95) | (17) |
| Reclassification of net losses to net income, after-tax amount | 50 | 154 | 28 |
| Net derivative losses, pre-tax amount | (95) | (88) | (20) |
| Net derivative losses, tax benefit/(expense) | 48 | 44 | 10 |
| Net derivative losses, after-tax amount | (47) | (44) | (10) |
| Pension and retiree medical: | |||
| Reclassification of net losses to net income | 246 | 369 | 353 |
| Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax | (74) | (122) | (123) |
| Net prior service cost, after-tax | 172 | 247 | 230 |
| Reclassification associated with Venezuela impairment charges - Pension | 20 | 0 | 0 |
| reclassification associated with Venezuela impairment charge, tax amount - Pension | (4) | 0 | 0 |
| reclassification associated with venezuela impairment charges, net of tax - pension | 16 | 0 | 0 |
| Remeasurement of net liabilities and translation | (88) | (1,323) | 2,164 |
| Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, before Reclassification Adjustments, Tax | 71 | 437 | (764) |
| Net (losses)/gains, after-tax amount | (17) | (886) | 1,400 |
| Unrealized (losses)/gains on securities, pre-tax amount | 3 | (11) | 57 |
| Unrealized (losses)/gains on securities, tax benefit/(expense) | (2) | 5 | (28) |
| Unrealized (losses)/gains on securities, net of tax | 1 | (6) | 29 |
| Other, pre-tax amount | 1 | ||
| Other, tax benefit/(expense) | (16) | ||
| Other Comprehensive Income, Other, Net of Tax | 1 | (16) | |
| Total Other Comprehensive Income (Loss), pre-tax amount | (2,644) | (5,813) | 1,296 |
| Total Other Comprehensive Income/(Loss), tax benefit/(expense) | (8) | 269 | (938) |
| Other Comprehensive Income/(Loss), after-tax amount | (2,652) | (5,544) | 358 |
| Comprehensive income | 2,849 | 1,014 | 7,145 |
| Comprehensive income attributable to noncontrolling interests | (47) | (43) | (45) |
| Comprehensive Income Attributable to PepsiCo | 2,802 | 971 | 7,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 26, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2015 | Dec 27, 2014 | Dec 28, 2013 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 5,501 | 6,558 | 6,787 |
| Operating Activities | |||
| Depreciation and amortization | 2,416 | 2,625 | 2,663 |
| Share-based compensation expense | 295 | 297 | 303 |
| Merger and integration charges | 0 | 0 | 10 |
| Cash payments for merger and integration charges | 0 | 0 | (25) |
| Restructuring and impairment charges | 230 | 418 | 163 |
| Cash payments for restructuring charges | (208) | (266) | (133) |
| Charge related to the transaction with Tingyi | 73 | 0 | 0 |
| Cash payments for restructuring and other charges related to the transaction with Tingyi | 0 | 0 | (26) |
| Venezuela impairment charges | 1,359 | 0 | 0 |
| Venezuela remeasurement charges | 0 | 105 | 111 |
| Excess tax benefits from share-based payment arrangements | (133) | (114) | (117) |
| Pension and retiree medical plan expenses | 467 | 667 | 663 |
| Pension and retiree medical plan contributions | (205) | (655) | (262) |
| Deferred income taxes and other tax charges and credits | 78 | (19) | (1,058) |
| Accounts and notes receivable | (461) | (343) | (88) |
| Inventories | (244) | (111) | 4 |
| Prepaid expenses and other current assets | (50) | 80 | (51) |
| Accounts payable and other current liabilities | 1,692 | 1,162 | 1,007 |
| Income taxes payable | 55 | 371 | 86 |
| Other, net | (285) | (269) | (349) |
| Net Cash Provided by Operating Activities | 10,580 | 10,506 | 9,688 |
| Investing Activities | |||
| Capital spending | (2,758) | (2,859) | (2,795) |
| Sales of property, plant and equipment | 86 | 115 | 109 |
| Acquisitions and investments in noncontrolled affiliates | (86) | (88) | (109) |
| Reduction of cash due to Venezuela deconsolidation | (568) | 0 | 0 |
| Divestitures | 76 | 203 | 130 |
| Short-term investments, by original maturity | |||
| More than three months - purchases | (4,428) | (6,305) | 0 |
| More than three months - maturities | 4,111 | 3,891 | 0 |
| Three months or less, net | 3 | 116 | 61 |
| Other investing, net | (5) | (10) | (21) |
| Net Cash Used for Investing Activities | (3,569) | (4,937) | (2,625) |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 8,702 | 3,855 | 4,195 |
| Payments of long-term debt | (4,095) | (2,189) | (3,894) |
| Short-term borrowings, by original maturity | |||
| More than three months - proceeds | 15 | 50 | 23 |
| More than three months - payments | (43) | (10) | (492) |
| Three months or less, net | 53 | (2,037) | 1,634 |
| Cash dividends paid | (4,040) | (3,730) | (3,434) |
| Share repurchases - common | (5,000) | (5,012) | (3,001) |
| Share repurchases - preferred | (5) | (10) | (7) |
| Proceeds from exercises of stock options | 504 | 755 | 1,123 |
| Excess tax benefits from share-based payment arrangements | 133 | 114 | 117 |
| Acquisition of noncontrolling interests | 0 | 0 | (20) |
| Other financing | (52) | (50) | (33) |
| Net Cash Used for Financing Activities | (3,828) | (8,264) | (3,789) |
| Effect of exchange rate changes on cash and cash equivalents | (221) | (546) | (196) |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 2,962 | (3,241) | 3,078 |
| Cash and Cash Equivalents, Beginning of Year | 6,134 | 9,375 | |
| Cash and Cash Equivalents, End of Year | 9,096 | 6,134 | 9,375 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PEPSICO INC | ||
Ticker: PEP Fiscal Year: 2015 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 26, 2015 10-K (Filed: Feb 11, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 26, 2015 | Dec 27, 2014 | |
| ASSETS | ||
| Cash and cash equivalents | $ 9,096 | 6,134 |
| Short-term Investments | 2,913 | 2,592 |
| Accounts and notes receivable, net | 6,437 | 6,651 |
| Inventories | 2,720 | 3,143 |
| Prepaid expenses and other current assets | 1,865 | 2,143 |
| Assets, Current | 23,031 | 20,663 |
| Property, Plant and Equipment, net | 16,317 | 17,244 |
| Amortizable Intangible Assets, net | 1,270 | 1,449 |
| Goodwill | 14,177 | 14,965 |
| Indefinite-Lived Intangible Assets (Excluding Goodwill) | 11,811 | 12,639 |
| Nonamortizable Intangible Assets | 25,988 | 27,604 |
| Equity Method Investments | 2,311 | 2,689 |
| Other Assets | 750 | 860 |
| Total Assets | 69,667 | 70,509 |
| LIABILITIES AND EQUITY | ||
| Short-term obligations | 4,071 | 5,076 |
| Accounts payable and other current liabilities | 13,507 | 13,016 |
| Liabilities, Current | 17,578 | 18,092 |
| Long-Term Debt Obligations | 29,213 | 23,821 |
| Other Liabilities, Noncurrent | 5,887 | 5,744 |
| Deferred Income Taxes | 4,959 | 5,304 |
| Liabilities | 57,637 | 52,961 |
| Commitments and contingencies | ||
| Preferred Stock, no par value | 41 | 41 |
| PepsiCo Common Shareholders Equity | ||
| Common Stock, Value, Issued | 24 | 25 |
| Additional Paid in Capital, Common Stock | 4,076 | 4,115 |
| Retained Earnings (Accumulated Deficit) | 50,472 | 49,092 |
| Accumulated other comprehensive loss | (13,319) | (10,669) |
| Stockholders' Equity Attributable to Parent | 12,068 | 17,578 |
| Stockholders' Equity Attributable to Noncontrolling Interest | 107 | 110 |
| Total Equity | 12,030 | 17,548 |
| Liabilities and Equity | 69,667 | 70,509 |
| Class of Stock | ||
| Preferred Stock | ||
| Treasury Stock, Value | (186) | (181) |
| Common Stock | ||
| Treasury Stock, Value | (29,185) | (24,985) |
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |