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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 25, 2021 10-K (Filed: Feb 10, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
| Operating Activities | |||
| Net income | $ 7,679 | 7,175 | 7,353 |
| Depreciation and amortization | 2,710 | 2,548 | 2,432 |
| Operating lease right-of-use asset amortization | 505 | 478 | 412 |
| Share-based compensation expense | 301 | 264 | 237 |
| Restructuring and impairment charges | 247 | 289 | 370 |
| Cash payments for restructuring charges | (256) | (255) | (350) |
| Acquisition and divestiture-related charges | (4) | 255 | 55 |
| Cash payments for acquisition and divestiture-related charges | (176) | (131) | (10) |
| Pension and retiree medical plan expenses | 123 | 408 | 519 |
| Pension and retiree medical plan contributions | (785) | (562) | (716) |
| Deferred income taxes and other tax charges and credits | 298 | 361 | 453 |
| Tax expense/(benefit) related to the TCJ Act | 190 | 0 | (8) |
| Tax payments related to the TCJ Act | (309) | (78) | (423) |
| Change in assets and liabilities [Abstract] | |||
| Accounts and notes receivable | (651) | (420) | (650) |
| Inventories | (582) | (516) | (190) |
| Prepaid expenses and other current assets | 159 | 26 | (87) |
| Accounts payable and other current liabilities | 1,762 | 766 | 735 |
| Income taxes payable | 30 | (159) | (287) |
| Other, net | 375 | 164 | (196) |
| Net Cash Provided by Operating Activities | 11,616 | 10,613 | 9,649 |
| Investing Activities | |||
| Capital spending | (4,625) | (4,240) | (4,232) |
| Sales of property, plant and equipment | 166 | 55 | 170 |
| Acquisitions, net of cash acquired, and investments in noncontrolled affiliates | (61) | (6,372) | (2,717) |
| Divestitures and sales of investments in noncontrolled affiliates | 169 | 6 | 253 |
| Short-term investments, by original maturity: | |||
| More than three months - purchases | 0 | (1,135) | 0 |
| More than three months - maturities | 1,135 | 0 | 16 |
| More than three months - sales | 0 | 0 | 62 |
| Three months or less, net | (58) | 27 | 19 |
| Other investing, net | 5 | 40 | (8) |
| Net Cash Used for Investing Activities | (3,269) | (11,619) | (6,437) |
| Financing Activities | |||
| Proceeds from issuances of long-term debt | 4,122 | 13,809 | 4,621 |
| Payments of long-term debt | (3,455) | (1,830) | (3,970) |
| Cash tender offers/debt redemption | (4,844) | (1,100) | (1,007) |
| Short-term borrowings, by original maturity | |||
| More than three months - proceeds | 8 | 4,077 | 6 |
| More than three months - payments | (397) | (3,554) | (2) |
| Three months or less, net | 434 | (109) | (3) |
| Payments of acquisition-related contingent consideration | (773) | 0 | 0 |
| Cash dividends paid | (5,815) | (5,509) | (5,304) |
| Share repurchases - common | (106) | (2,000) | (3,000) |
| Proceeds from exercises of stock options | 185 | 179 | 329 |
| Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted | (92) | (96) | (114) |
| Other financing | (47) | (48) | (45) |
| Net Cash (Used for)/Provided by Financing Activities | (10,780) | 3,819 | (8,489) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (114) | (129) | 78 |
| Net (Decrease)/Increase in Cash and Cash Equivalents and Restricted Cash | (2,547) | 2,684 | (5,199) |
| Cash and cash equivalents and restricted cash | 5,707 | 8,254 | 5,570 |
| External Links | |
| PEPSICO INC (PEP) Fiscal Year 2021 | |
| 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 |