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: 2016 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net Revenue | $ 62,799 | 63,056 | 66,683 |
| Cost of sales | 28,209 | 28,731 | 31,238 |
| Gross Profit | 34,590 | 34,325 | 35,445 |
| Selling, general and administrative expenses | 24,735 | 24,538 | 25,772 |
| Venezuela impairment charges | 0 | 1,359 | 0 |
| Amortization of intangible assets | 70 | 75 | 92 |
| Operating Profit | 9,785 | 8,353 | 9,581 |
| Interest expense | (1,342) | (970) | (909) |
| Interest and Other Income | 110 | 59 | 85 |
| Income before income taxes | 8,553 | 7,442 | 8,757 |
| Provision for income taxes | 2,174 | 1,941 | 2,199 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 6,379 | 5,501 | 6,558 |
| Less: Net income attributable to noncontrolling interests | 50 | 49 | 45 |
| Net Income Attributable to PepsiCo | 6,329 | 5,452 | 6,513 |
| Net Income Attributable to PepsiCo per Common Share | |||
| Basic | 4.39 | 3.71 | 4.31 |
| Diluted | 4.36 | 3.67 | 4.27 |
| Weighted-average common shares outstanding | |||
| Basic | 1,439 | 1,469 | 1,509 |
| Diluted | 1,452 | 1,485 | 1,527 |
| Cash dividends declared per common share | 2.96 | 2.76 | 2.53 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 6,379 | 5,501 | 6,558 |
| Other comprehensive loss | |||
| Currency translation adjustment, pre-tax amount | (309) | (2,938) | (5,010) |
| Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax | 7 | 0 | 0 |
| Currency translation adjustment, after-tax amount | (302) | (2,938) | (5,010) |
| Reclassification associated with Venezuela impairment charges | 0 | 111 | 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 | 150 | 97 | 249 |
| Reclassification of net losses to net income, tax benefit/(expense) | (63) | (47) | (95) |
| Reclassification of net losses to net income, after-tax amount | 87 | 50 | 154 |
| Net derivative losses, pre-tax amount | (74) | (95) | (88) |
| Net derivative losses, tax benefit/(expense) | 33 | 48 | 44 |
| Net derivative losses, after-tax amount | (41) | (47) | (44) |
| Pension and retiree medical: | |||
| Reclassification of net losses to net income | 407 | 246 | 369 |
| Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax | (144) | (74) | (122) |
| Net prior service cost, after-tax | 263 | 172 | 247 |
| Reclassification associated with Venezuela impairment charges - Pension | 0 | 20 | 0 |
| reclassification associated with Venezuela impairment charge, tax amount - Pension | 0 | (4) | 0 |
| reclassification associated with venezuela impairment charges, net of tax - pension | 0 | 16 | 0 |
| Remeasurement of net liabilities and translation | (750) | (88) | (1,323) |
| Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, before Reclassification Adjustments, Tax | 171 | 71 | 437 |
| Net (losses)/gains, after-tax amount | (579) | (17) | (886) |
| Unrealized (losses)/gains on securities, pre-tax amount | (43) | 3 | (11) |
| Unrealized (losses)/gains on securities, tax benefit/(expense) | 19 | (2) | 5 |
| Unrealized (losses)/gains on securities, net of tax | (24) | 1 | (6) |
| Other, pre-tax amount | 1 | ||
| Other Comprehensive Income, Other, Net of Tax | 1 | ||
| Total Other Comprehensive Income (Loss), pre-tax amount | (619) | (2,644) | (5,813) |
| Total Other Comprehensive Income/(Loss), tax benefit/(expense) | 23 | (8) | 269 |
| Other Comprehensive Income/(Loss), after-tax amount | (596) | (2,652) | (5,544) |
| Comprehensive income | 5,783 | 2,849 | 1,014 |
| Comprehensive income attributable to noncontrolling interests | (54) | (47) | (43) |
| Comprehensive Income Attributable to PepsiCo | 5,729 | 2,802 | 971 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 6,379 | 5,501 | 6,558 |
| Operating Activities | |||
| Depreciation and amortization | 2,368 | 2,416 | 2,625 |
| Share-based compensation expense | 284 | 295 | 297 |
| Restructuring and impairment charges | 160 | 230 | 418 |
| Cash payments for restructuring charges | (125) | (208) | (266) |
| Charges related to the transaction with Tingyi | 373 | 73 | 0 |
| Venezuela impairment charges | 0 | 1,359 | 0 |
| Venezuela remeasurement charge | 0 | 0 | 105 |
| Excess tax benefits from share-based payment arrangements | (139) | (133) | (114) |
| Pension and retiree medical plan expenses | 501 | 467 | 667 |
| Pension and retiree medical plan contributions | (695) | (205) | (655) |
| Deferred income taxes and other tax charges and credits | 452 | 78 | (19) |
| Accounts and notes receivable | (349) | (461) | (343) |
| Inventories | (75) | (244) | (111) |
| Prepaid expenses and other current assets | 10 | (50) | 80 |
| Accounts payable and other current liabilities | 997 | 1,692 | 1,162 |
| Income taxes payable | 329 | 55 | 371 |
| Other, net | (66) | (285) | (269) |
| Net Cash Provided by Operating Activities | 10,404 | 10,580 | 10,506 |
| Investing Activities | |||
| Capital spending | (3,040) | (2,758) | (2,859) |
| Sales of property, plant and equipment | 99 | 86 | 115 |
| Acquisitions and investments in noncontrolled affiliates | (212) | (86) | (88) |
| Reduction of cash due to Venezuela deconsolidation | 0 | (568) | 0 |
| Divestitures | 85 | 76 | 203 |
| Short-term investments, by original maturity: | |||
| More than three months - purchases | (12,504) | (4,428) | (6,305) |
| More than three months - maturities | 8,399 | 4,111 | 3,891 |
| Three months or less, net | 16 | 3 | 116 |
| Other investing, net | 9 | (5) | (10) |
| Net Cash Used for Investing Activities | (7,148) | (3,569) | (4,937) |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 7,818 | 8,702 | 3,855 |
| Payments of long-term debt | (3,105) | (4,095) | (2,189) |
| Debt redemptions | (2,504) | 0 | 0 |
| Short-term borrowings, by original maturity | |||
| Proceeds from Short-term Debt, Maturing in More than Three Months | 59 | 15 | 50 |
| More than three months - payments | (27) | (43) | (10) |
| Three months or less, net | 1,505 | 53 | (2,037) |
| Cash dividends paid | (4,227) | (4,040) | (3,730) |
| Share repurchases - common | (3,000) | (5,000) | (5,012) |
| Share repurchases - preferred | (7) | (5) | (10) |
| Proceeds from exercises of stock options | 465 | 504 | 755 |
| Excess tax benefits from share-based payment arrangements | 139 | 133 | 114 |
| Other financing | (58) | (52) | (50) |
| Net Cash Used for Financing Activities | (2,942) | (3,828) | (8,264) |
| Effect of exchange rate changes on cash and cash equivalents | (252) | (221) | (546) |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 62 | 2,962 | (3,241) |
| Cash and Cash Equivalents, Beginning of Year | 9,096 | 6,134 | |
| Cash and Cash Equivalents, End of Year | 9,158 | 9,096 | 6,134 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PEPSICO INC | ||
Ticker: PEP Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 26, 2015 | |
| ASSETS | ||
| Cash and cash equivalents | $ 9,158 | 9,096 |
| Short-term Investments | 6,967 | 2,913 |
| Accounts and notes receivable, net | 6,694 | 6,437 |
| Inventories | 2,723 | 2,720 |
| Prepaid expenses and other current assets | 1,547 | 1,865 |
| Assets, Current | 27,089 | 23,031 |
| Property, Plant and Equipment, net | 16,591 | 16,317 |
| Amortizable Intangible Assets, net | 1,237 | 1,270 |
| Goodwill | 14,430 | 14,177 |
| Indefinite-Lived Intangible Assets (Excluding Goodwill) | 12,196 | 11,811 |
| Nonamortizable Intangible Assets | 26,626 | 25,988 |
| Equity Method Investments | 1,950 | 2,311 |
| Other Assets | 636 | 750 |
| Total Assets | 74,129 | 69,667 |
| LIABILITIES AND EQUITY | ||
| Short-term debt obligations | 6,892 | 4,071 |
| Accounts payable and other current liabilities | 14,243 | 13,507 |
| Liabilities, Current | 21,135 | 17,578 |
| Long-Term Debt Obligations | 30,053 | 29,213 |
| Other Liabilities, Noncurrent | 6,669 | 5,887 |
| Deferred Income Taxes | 5,073 | 4,959 |
| Liabilities | 62,930 | 57,637 |
| Commitments and contingencies | ||
| Preferred Stock, no par value | 41 | 41 |
| Stockholders' Equity Attributable to Parent | 11,246 | 12,068 |
| 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: 1,428 and 1,448 shares, respectively) | 24 | 24 |
| Additional Paid in Capital, Common Stock | 4,091 | 4,076 |
| Retained Earnings (Accumulated Deficit) | 52,518 | 50,472 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (13,919) | (13,319) |
| Stockholders' Equity Attributable to Noncontrolling Interest | 104 | 107 |
| Total Equity | 11,199 | 12,030 |
| Liabilities and Equity | 74,129 | 69,667 |
| Equity Components | ||
| Additional Paid-in Capital | ||
| Stockholders' Equity Attributable to Parent | 4,091 | 4,076 |
| Retained Earnings | ||
| Stockholders' Equity Attributable to Parent | 52,518 | 50,472 |
| AOCI Attributable to Parent | ||
| Stockholders' Equity Attributable to Parent | (13,919) | (13,319) |
| Treasury Stock | ||
| Stockholders' Equity Attributable to Parent | 31,468 | 29,185 |
| Common Stock | ||
| Stockholders' Equity Attributable to Parent | 24 | 24 |
| Class of Stock | ||
| Preferred Stock | ||
| Stockholders' Equity Attributable to Parent | 192 | 186 |
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2016 | |
| 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 |