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: 2020 | |||
Consolidated Statement of Income | |||
Period Ending Dec 26, 2020 10-K (Filed: Feb 11, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
| Net Revenue | $ 70,372 | 67,161 | 64,661 |
| Cost of sales | 31,797 | 30,132 | 29,381 |
| Gross profit | 38,575 | 37,029 | 35,280 |
| Selling, general and administrative expenses | 28,495 | 26,738 | 25,170 |
| Operating Profit | 10,080 | 10,291 | 10,110 |
| Other pension and retiree medical benefits income/(expense) | 117 | (44) | 298 |
| Net interest expense and other | (1,128) | (935) | (1,219) |
| Income before income taxes | 9,069 | 9,312 | 9,189 |
| Provision for/(benefit from) income taxes (See Note 5) | 1,894 | 1,959 | (3,370) |
| Net income | 7,175 | 7,353 | 12,559 |
| Less: Net income attributable to noncontrolling interests | 55 | 39 | 44 |
| Net Income Attributable to PepsiCo | 7,120 | 7,314 | 12,515 |
| Net Income Attributable to PepsiCo per Common Share | |||
| Basic | 5.14 | 5.23 | 8.84 |
| Diluted | 5.12 | 5.20 | 8.78 |
| Weighted-average common shares outstanding | |||
| Basic | 1,385 | 1,399 | 1,415 |
| Diluted | 1,392 | 1,407 | 1,425 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 26, 2020 10-K (Filed: Feb 11, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
| Net income | $ 7,175 | 7,353 | 12,559 |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (650) | 628 | (1,641) |
| Other comprehensive loss | |||
| Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax | 7 | (90) | 40 |
| Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax | (532) | 283 | (467) |
| Other Comprehensive Income, Other, Net of Tax | (1) | (2) | 6 |
| Other Comprehensive Income/(Loss), after-tax amount | (1,176) | 819 | (2,062) |
| Comprehensive income | 5,999 | 8,172 | 10,497 |
| Comprehensive income attributable to noncontrolling interests | 55 | 39 | 44 |
| Comprehensive Income Attributable to PepsiCo | 5,944 | 8,133 | 10,453 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 26, 2020 10-K (Filed: Feb 11, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
| Operating Activities | |||
| Net income | $ 7,175 | 7,353 | 12,559 |
| Depreciation and amortization | 2,548 | 2,432 | 2,399 |
| Share-based compensation expense | 264 | 237 | 256 |
| Restructuring and impairment charges | 289 | 370 | 308 |
| Cash payments for restructuring charges | (255) | (350) | (255) |
| Inventory fair value adjustments and merger and integration costs | 255 | 55 | 75 |
| Payments for Merger Related Costs | (131) | (10) | (73) |
| Pension and retiree medical plan expenses | 408 | 519 | 221 |
| Pension and retiree medical plan contributions | (562) | (716) | (1,708) |
| Deferred income taxes and other tax charges and credits | 361 | 453 | (531) |
| Tax Cuts and Jobs Act, Income Tax Expense (Benefit) | 0 | (8) | (28) |
| Tax payments related to the TCJ Act | (78) | (423) | (115) |
| Other net tax benefits related to international reorganizations | 0 | (2) | (4,347) |
| Change in assets and liabilities [Abstract] | |||
| Accounts and notes receivable | (420) | (650) | (253) |
| Inventories | (516) | (190) | (174) |
| Prepaid expenses and other current assets | 26 | (87) | 9 |
| Accounts payable and other current liabilities | 766 | 735 | 882 |
| Income taxes payable | (159) | (287) | 448 |
| Other, net | 642 | 218 | (258) |
| Net Cash Provided by (Used in) Operating Activities | 10,613 | 9,649 | 9,415 |
| Investing Activities | |||
| Capital spending | (4,240) | (4,232) | (3,282) |
| Sales of property, plant and equipment | 55 | 170 | 134 |
| Acquisitions, net of cash acquired, and investments in noncontrolled affiliates | (6,372) | (2,717) | (1,496) |
| Divestitures | 4 | 253 | 505 |
| Short-term investments, by original maturity: | |||
| More than three months - purchases | (1,135) | 0 | (5,637) |
| More than three months - maturities | 0 | 16 | 12,824 |
| More than three months - sales | 0 | 62 | 1,498 |
| Three months or less, net | 27 | 19 | 16 |
| Other investing, net | 42 | (8) | 2 |
| Net Cash (Used for)/Provided by Investing Activities | (11,619) | (6,437) | 4,564 |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 13,809 | 4,621 | 0 |
| Payments of long-term debt | (1,830) | (3,970) | (4,007) |
| Proceeds from (Repayments of) Other Long-term Debt | (1,100) | (1,007) | (1,589) |
| Short-term borrowings, by original maturity | |||
| More than three months - proceeds | 4,077 | 6 | 3 |
| More than three months - payments | (3,554) | (2) | (17) |
| Three months or less, net | (109) | (3) | (1,352) |
| Cash dividends paid | (5,509) | (5,304) | (4,930) |
| Share repurchases - common | (2,000) | (3,000) | (2,000) |
| Proceeds from exercises of stock options | 179 | 329 | 281 |
| Withholding tax payments on RSUs, PSUs and PEPunits converted | (96) | (114) | (103) |
| Other financing | (48) | (45) | (55) |
| Net Cash Provided by/(Used for) Financing Activities | 3,819 | (8,489) | (13,769) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (129) | 78 | (98) |
| Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease) | 2,684 | (5,199) | 112 |
| Cash and cash equivalents and restricted cash | 8,254 | 5,570 | 10,769 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PEPSICO INC | ||
Ticker: PEP Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 26, 2020 10-K (Filed: Feb 11, 2021) | ||
| (In Millions) | ||
| As of | As of | |
| Dec 26, 2020 | Dec 28, 2019 | |
| ASSETS | ||
| Cash and cash equivalents | $ 8,185 | 5,509 |
| Short-term Investments | 1,366 | 229 |
| Accounts and notes receivable, net | 8,404 | 7,822 |
| Inventories | 4,172 | 3,338 |
| Prepaid expenses and other current assets | 874 | 747 |
| Assets, Current | 23,001 | 17,645 |
| Property, Plant and Equipment, net | 21,369 | 19,305 |
| Amortizable Intangible Assets, net | 1,703 | 1,433 |
| Goodwill | 18,757 | 15,501 |
| Indefinite-lived Intangible Assets (Excluding Goodwill) | 17,612 | 14,610 |
| Indefinite-Lived Intangible Assets | 36,369 | 30,111 |
| Equity Method Investments | 2,792 | 2,683 |
| Deferred Income Tax Assets, Net | 4,372 | 4,359 |
| Other Assets | 3,312 | 3,011 |
| Total Assets | 92,918 | 78,547 |
| LIABILITIES AND EQUITY | ||
| Short-term debt obligations | 3,780 | 2,920 |
| Accounts payable and other current liabilities | 19,592 | 17,541 |
| Liabilities, Current | 23,372 | 20,461 |
| Long-Term Debt Obligations | 40,370 | 29,148 |
| Deferred Income Tax Liabilities, Net | 4,284 | 4,091 |
| Other Liabilities, Noncurrent | 11,340 | 9,979 |
| Liabilities | 79,366 | 63,679 |
| 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) | 23 | 23 |
| Common stock, par value | 0.0167 | 0.0167 |
| Common stock, authorized | 3,600 | 3,600 |
| Common stock, issued | 1,380 | 1,391 |
| Additional Paid in Capital, Common Stock | 3,910 | 3,886 |
| Retained Earnings (Accumulated Deficit) | 63,443 | 61,946 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (15,476) | (14,300) |
| Repurchased common stock, shares | 487 | 476 |
| Stockholders' Equity Attributable to Parent | 13,454 | 14,786 |
| Stockholders' Equity Attributable to Noncontrolling Interest | 98 | 82 |
| Total Equity | 13,552 | 14,868 |
| Liabilities and Equity | 92,918 | 78,547 |
| Common stock, authorized | 3,600 | 3,600 |
| Repurchased common stock, shares | 487 | 476 |
| Common stock, issued | 1,380 | 1,391 |
| Equity Components | ||
| Retained Earnings | ||
| Total Equity | 63,443 | 61,946 |
| AOCI Attributable to Parent | ||
| Total Equity | (15,476) | (14,300) |
| Treasury Stock | ||
| Treasury Stock, Value | (38,446) | (36,769) |
| Common Stock | ||
| Stockholders' Equity Attributable to Parent | 23 | 23 |
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2020 | |
| 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 |