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: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 25, 2010 10-K (Filed: Feb 18, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 25, 2010 | Dec 26, 2009 | Dec 27, 2008 | |
| Operating Activities | |||
| Net income | $ 6,338 | 5,979 | 5,166 |
| Depreciation and amortization | 2,327 | 1,635 | 1,543 |
| Stock-based compensation expense | 299 | 227 | 238 |
| Restructuring and impairment charges | 36 | 543 | |
| Cash payments for restructuring charges | (31) | (196) | (180) |
| Merger and integration costs | 808 | 50 | |
| Cash payments for merger and integration costs | (385) | (49) | |
| Gain on previously held equity interests in PBG and PAS | (958) | ||
| Asset write-off | 145 | ||
| Non-cash foreign exchange loss related to Venezuela devaluation | 120 | ||
| Excess tax benefits from share-based payment arrangements | (107) | (42) | (107) |
| Pension and retiree medical plan contributions | (1,734) | (1,299) | (219) |
| Pension and retiree medical plan expenses | 453 | 423 | 459 |
| Bottling equity income, net of dividends | 42 | (235) | (202) |
| Deferred income taxes and other tax charges and credits | 500 | 284 | 573 |
| Change in accounts and notes receivable | (268) | 188 | (549) |
| Change in inventories | 276 | 17 | (345) |
| Change in prepaid expenses and other current assets | 144 | (127) | (68) |
| Change in accounts payable and other current liabilities | 488 | (133) | 718 |
| Change in income taxes payable | 123 | 319 | (180) |
| Other, net | (132) | (281) | (391) |
| Net Cash Provided by Operating Activities | 8,448 | 6,796 | 6,999 |
| Investing Activities | |||
| Capital spending | (3,253) | (2,128) | (2,446) |
| Sales of property, plant and equipment | 81 | 58 | 98 |
| Acquisitions of PBG and PAS, net of cash and cash equivalents acquired | (2,833) | ||
| Acquisition of manufacturing and distribution rights from DPSG | (900) | ||
| Investment in WBD | (463) | ||
| Other acquisitions and investments in noncontrolled affiliates | (83) | (500) | (1,925) |
| Divestitures | 12 | 99 | 6 |
| Cash restricted for pending acquisitions | 15 | (40) | |
| Cash proceeds from sale of PBG and PAS stock | 358 | ||
| Short-term investments, by original maturity | |||
| More than three months - purchases | (12) | (29) | (156) |
| More than three months - maturities | 29 | 71 | 62 |
| Three months or less, net | (229) | 13 | 1,376 |
| Other investing, net | (17) | ||
| Net Cash Used for Investing Activities | (7,668) | (2,401) | (2,667) |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 6,451 | 1,057 | 3,719 |
| Payments of long-term debt | (59) | (226) | (649) |
| Debt repurchase | (500) | ||
| Short-term borrowings, by original maturity | |||
| More than three months - proceeds | 227 | 26 | 89 |
| More than three months - payments | (96) | (81) | (269) |
| Three months or less, net | 2,351 | (963) | 625 |
| Cash dividends paid | (2,978) | (2,732) | (2,541) |
| Share repurchases - common | (4,978) | (4,720) | |
| Share repurchases - preferred | (5) | (7) | (6) |
| Proceeds from exercises of stock options | 1,038 | 413 | 620 |
| Excess tax benefits from share-based payment arrangements | 107 | 42 | 107 |
| Acquisition of non-controlling interest in Lebedyansky from PBG | (159) | ||
| Other financing | (13) | (26) | |
| Net Cash Provided by/(Used for) Financing Activities | 1,386 | (2,497) | (3,025) |
| Effect of exchange rate changes on cash and cash equivalents | (166) | (19) | (153) |
| Net Increase in Cash and Cash Equivalents | 2,000 | 1,879 | 1,154 |
| Cash and Cash Equivalents, Beginning of Year | 3,943 | 2,064 | |
| Cash and Cash Equivalents, End of Year | 5,943 | 3,943 | 2,064 |
| Non-cash activity: | |||
| Issuance of common stock and equity awards in connection with our acquisitions of PBG and PAS, as reflected in investing and financing activities | 4,451 | ||
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2010 | |
| 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 |