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 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 |
| 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 |