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 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 |
| 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 |