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: 2022 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 9, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Net Revenue | $ 86,392 | 79,474 | 70,372 |
| Cost of sales | 40,576 | 37,075 | 31,797 |
| Gross profit | 45,816 | 42,399 | 38,575 |
| Selling, general and administrative expenses | 34,459 | 31,237 | 28,453 |
| Gain associated with the Juice Transaction | (3,321) | 0 | 0 |
| Impairment of Intangible Assets (Excluding Goodwill) | 3,166 | 0 | 42 |
| Operating Profit | 11,512 | 11,162 | 10,080 |
| Other pension and retiree medical benefits income | 132 | 522 | 117 |
| Net interest expense and other | (939) | (1,863) | (1,128) |
| Income before income taxes | 10,705 | 9,821 | 9,069 |
| Provision for income taxes | 1,727 | 2,142 | 1,894 |
| Net income | 8,978 | 7,679 | 7,175 |
| Less: Net income attributable to noncontrolling interests | 68 | 61 | 55 |
| Net Income Attributable to PepsiCo | 8,910 | 7,618 | 7,120 |
| Net Income Attributable to PepsiCo per Common Share | |||
| Basic | 6.45 | 5.51 | 5.14 |
| Diluted | 6.42 | 5.49 | 5.12 |
| Weighted-average common shares outstanding | |||
| Basic | 1,380 | 1,382 | 1,385 |
| Diluted | 1,387 | 1,389 | 1,392 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2022 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 9, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Net income | $ 8,978 | 7,679 | 7,175 |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | (643) | (369) | (650) |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | (158) | 155 | 7 |
| Other comprehensive loss | |||
| Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax | 389 | 770 | (532) |
| Other Comprehensive Income, Other, Net of Tax | 4 | 22 | (1) |
| Other Comprehensive Income/(Loss), after-tax amount | (408) | 578 | (1,176) |
| Comprehensive income | 8,570 | 8,257 | 5,999 |
| Comprehensive income attributable to noncontrolling interests | 64 | 61 | 55 |
| Comprehensive Income Attributable to PepsiCo | 8,506 | 8,196 | 5,944 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PEPSICO INC | |||
Ticker: PEP Fiscal Year: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 9, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Operating Activities | |||
| Net income | $ 8,978 | 7,679 | 7,175 |
| Depreciation and amortization | 2,763 | 2,710 | 2,548 |
| Gain associated with the Juice Transaction | (3,321) | 0 | 0 |
| Impairment and other charges | 3,618 | 0 | 0 |
| Operating lease right-of-use asset amortization | 517 | 505 | 478 |
| Share-based compensation expense | 343 | 301 | 264 |
| Restructuring and impairment charges | 411 | 247 | 289 |
| Cash payments for restructuring charges | (224) | (256) | (255) |
| Acquisition and divestiture-related charges | 80 | (4) | 255 |
| Cash payments for acquisition and divestiture-related charges | (46) | (176) | (131) |
| Pension and retiree medical plan expenses | 419 | 123 | 408 |
| Pension and retiree medical plan contributions | (384) | (785) | (562) |
| Deferred income taxes and other tax charges and credits | (873) | 298 | 361 |
| Tax expense related to the TCJ Act | 86 | 190 | 0 |
| Tax payments related to the TCJ Act | (309) | (309) | (78) |
| Change in assets and liabilities [Abstract] | |||
| Accounts and notes receivable | (1,763) | (651) | (420) |
| Inventories | (1,142) | (582) | (516) |
| Prepaid expenses and other current assets | 118 | 159 | 26 |
| Accounts payable and other current liabilities | 1,842 | 1,762 | 766 |
| Income taxes payable | 57 | 30 | (159) |
| Other, net | (359) | 375 | 164 |
| Net Cash Provided by Operating Activities | 10,811 | 11,616 | 10,613 |
| Investing Activities | |||
| Capital spending | (5,207) | (4,625) | (4,240) |
| Sales of property, plant and equipment | 251 | 166 | 55 |
| Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets | (873) | (61) | (6,372) |
| Proceeds associated with the Juice Transaction | 3,456 | 0 | 0 |
| Other divestitures, sales of investments in noncontrolled affiliates and other assets | 49 | 169 | 6 |
| Short-term investments, by original maturity: | |||
| More than three months - purchases | (291) | 0 | (1,135) |
| More than three months - maturities | 150 | 1,135 | 0 |
| Three months or less, net | 24 | (58) | 27 |
| Other investing, net | 11 | 5 | 40 |
| Net Cash Used for Investing Activities | (2,430) | (3,269) | (11,619) |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 3,377 | 4,122 | 13,809 |
| Payments of long-term debt | (2,458) | (3,455) | (1,830) |
| Debt redemptions/cash tender offers | (1,716) | (4,844) | (1,100) |
| Short-term borrowings, by original maturity | |||
| More than three months - proceeds | 1,969 | 8 | 4,077 |
| More than three months - payments | (1,951) | (397) | (3,554) |
| Three months or less, net | (31) | 434 | (109) |
| Payments of acquisition-related contingent consideration | 0 | (773) | 0 |
| Cash dividends paid | (6,172) | (5,815) | (5,509) |
| Share repurchases - common | (1,500) | (106) | (2,000) |
| Proceeds from exercises of stock options | 138 | 185 | 179 |
| Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted | (107) | (92) | (96) |
| Other financing | (72) | (47) | (48) |
| Net Cash (Used for)/Provided by Financing Activities | (8,523) | (10,780) | 3,819 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (465) | (114) | (129) |
| Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash | (607) | (2,547) | 2,684 |
| Cash and cash equivalents and restricted cash | 5,100 | 5,707 | 8,254 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PEPSICO INC | ||
Ticker: PEP Fiscal Year: 2022 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 9, 2023) | ||
| (In Millions) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 25, 2021 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,954 | 5,596 |
| Short-term Investments | 394 | 392 |
| Accounts and notes receivable, net | 10,163 | 8,680 |
| Inventories | 5,222 | 4,347 |
| Prepaid expenses and other current assets | 806 | 980 |
| Disposal Group, Including Discontinued Operation, Assets | 0 | 1,788 |
| Assets, Current | 21,539 | 21,783 |
| Property, Plant and Equipment, net | 24,291 | 22,407 |
| Amortizable Intangible Assets, net | 1,277 | 1,538 |
| Goodwill | 18,202 | 18,381 |
| Indefinite-lived Intangible Assets (Excluding Goodwill) | 14,309 | 17,127 |
| Equity Method Investments | 3,073 | 2,350 |
| Deferred Income Tax Assets, Net | 4,204 | 4,310 |
| Other Assets | 5,292 | 4,481 |
| Total Assets | 92,187 | 92,377 |
| LIABILITIES AND EQUITY | ||
| Short-term debt obligations | 3,414 | 4,308 |
| Accounts payable and other current liabilities | 23,371 | 21,159 |
| Disposal Group, Including Discontinued Operation, Liabilities | 0 | 753 |
| Liabilities, Current | 26,785 | 26,220 |
| Long-Term Debt Obligations | 35,657 | 36,026 |
| Deferred Income Tax Liabilities, Net | 4,133 | 4,826 |
| Other Liabilities, Noncurrent | 8,339 | 9,154 |
| Liabilities | 74,914 | 76,226 |
| Commitments and contingencies | ||
| Common stock, authorized | 3,600 | 3,600 |
| Common stock, issued | 1,377 | 1,383 |
| 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 |
| Additional Paid in Capital, Common Stock | 4,134 | 4,001 |
| Retained Earnings (Accumulated Deficit) | 67,800 | 65,165 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (15,302) | (14,898) |
| Repurchased common stock, shares | 490 | 484 |
| Treasury Stock, Value | (39,506) | (38,248) |
| Stockholders' Equity Attributable to Parent | 17,149 | 16,043 |
| Stockholders' Equity Attributable to Noncontrolling Interest | 124 | 108 |
| Total Equity | 17,273 | 16,151 |
| Liabilities and Equity | 92,187 | 92,377 |
| Other Investments | 813 | 277 |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | http://fasb.org/us-gaap/2022#OtherAssets | http://fasb.org/us-gaap/2022#OtherAssets |
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2022 | |
| 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 |