PEPSICO INC

Listed Company

PEPCIK 0000077476NasdaqLarge AcceleratedBeveragesNorth CarolinaFY ends Dec 26

Period

FY 2025

Revenue

$93.92B

Net Income

$8.24B

Total Assets

$107.40B

Equity

$20.41B

Shares Out

1.37B

Op. Cash Flow

$12.09B

Business

PEPSICO INC is a global beverage and convenient food company that makes, markets, distributes and sells branded snacks, beverages and related consumer products. Its main offerings include salty snacks and dips (e.g., Lay’s, Doritos, Cheetos, Sabra), beverages and concentrates (e.g., Pepsi, Mountain Dew, Gatorade, Aquafina, SodaStream) and Quaker-branded foods such as cereals and grains. The company reports operations across seven segments: Frito‑Lay North America, Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe, AMESA and APAC. It sells in more than 200 countries and territories through company operations, authorized bottlers, contract manufacturers, direct‑store‑delivery, distributor networks, customer warehouses and e‑commerce channels.

Summary from filing dated 2025-02-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Revenue	93,925	91,854	91,471	86,392	79,474
Cost of sales	43,066	41,744	41,881	40,576	37,075
Gross profit	50,859	50,110	49,590	45,816	42,399
Selling, general and administrative expenses	37,368	37,190	36,677	34,459	31,237
Impairment of Intangible Assets (Excluding Goodwill)	1,993	33	927	3,166	0
Operating Profit	11,498	12,887	11,986	11,512	11,162
Other pension and retiree medical benefits (expense)/income	−133	−22	250	132	522
Net interest expense and other	−1,121	−919	−819	−939	−1,863
Income before income taxes	10,244	11,946	11,417	10,705	9,821
Provision for income taxes	1,949	2,320	2,262	1,727	2,142
Net income	8,295	9,626	9,155	8,978	7,679
Less: Net income attributable to noncontrolling interests	55	48	81	68	61
Net Income Attributable to PepsiCo	8,240	9,578	9,074	8,910	7,618
Basic (per share)	6.02	6.97	6.59	6.45	5.51
Diluted (per share)	6	6.95	6.56	6.42	5.49
Basic (shares)	1,369	1,373	1,376	1,380	1,382
Diluted (shares)	1,373	1,378	1,383	1,387	1,389

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	9,159	8,505	9,711	4,954	5,596
Short-term Investments	371	761	292	394	392
Accounts and notes receivable, net	11,506	10,333	10,815	10,163	8,680
Inventories	5,845	5,306	5,334	5,222	4,347
Prepaid expenses and other current assets	1,068	921	798	806	980
Assets, Current	27,949	25,826	26,950	21,539	21,783
Property, Plant and Equipment, net	29,905	28,008	27,039	24,291	22,407
Amortizable Intangible Assets, net	1,219	1,102	1,199	1,277	1,538
Goodwill	18,916	17,534	17,728	18,202	18,381
Indefinite-lived Intangible Assets (Excluding Goodwill)	13,847	13,699	13,730	14,309	17,127
Equity Method Investments	2,038	1,985	2,714	3,073	2,350
Deferred Income Tax Assets, Net	4,541	4,362	4,474	4,204	4,310
Other Assets	8,984	6,951	6,661	5,292	4,481
Total Assets	107,399	99,467	100,495	92,187	92,377
Short-term debt obligations	6,861	7,082	6,510	3,414	4,308
Accounts payable and other current liabilities	25,903	24,454	25,137	23,371	21,159
Liabilities, Current	32,764	31,536	31,647	26,785	26,220
Long-Term Debt Obligations	42,321	37,224	37,595	35,657	36,026
Deferred Income Tax Liabilities, Net	3,802	3,484	3,895	4,133	4,826
Other Liabilities, Noncurrent	7,965	9,052	8,721	8,339	9,154
Liabilities	86,852	81,296	81,858	74,914	76,226
Commitments and contingencies	—	—	—	—	—
Common stock, authorized	3,600	3,600	3,600	3,600	3,600
Common stock, issued	1,367	1,372	1,374	1,377	1,383
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	23	23	23
Additional Paid in Capital, Common Stock	4,451	4,385	4,261	4,134	4,001
Retained Earnings (Accumulated Deficit)	72,788	72,266	70,035	67,800	65,165
Accumulated Other Comprehensive Income (Loss), Net of Tax	−15,024	−17,612	−15,534	−15,302	−14,898
Treasury Stock, Common, Shares	500	495	493	490	—
Treasury Stock, Value	−41,832	−41,021	−40,282	−39,506	−38,248
Stockholders' Equity Attributable to Parent	20,406	18,041	18,503	17,149	16,043
Stockholders' Equity Attributable to Noncontrolling Interest	141	130	134	124	108
Total Equity	20,547	18,171	18,637	17,273	16,151
Liabilities and Equity	107,399	99,467	100,495	92,187	92,377
Other Investments	2,526	1,346	1,616	813	277
Accounts Receivable, Allowance for Credit Loss, Current	230	356	175	150	147

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	3,451	3,160	2,948	2,763	2,710
Impairment and other charges	1,946	714	1,230	3,618	0
Product recall-related impact	0	187	136	0	0
Payments for product recall-related impact	−6	−148	0	0	—
Operating lease right-of-use asset amortization	727	655	570	517	505
Share-based compensation expense	288	362	380	343	301
Restructuring Charges	983	727	445	411	247
Cash payments for restructuring charges	−796	−436	−434	−224	−256
Pension and retiree medical plan expenses	504	414	150	419	123
Pension and retiree medical plan contributions	−472	−348	−410	−384	−785
Deferred income taxes and other tax charges and credits	71	−42	−271	−873	298
Tax payments related to the TCJ Act	−772	−579	−309	−309	−309
Accounts and notes receivable	−580	−138	−793	−1,763	−651
Inventories	−150	−314	−261	−1,142	−582
Prepaid expenses and other current assets	195	40	−13	118	159
Accounts payable and other current liabilities	−677	−943	420	1,842	1,762
Income taxes payable	−433	−123	310	57	30
Other, net	−712	−311	189	−325	375
Net Cash Provided by Operating Activities	12,087	12,507	13,442	10,811	11,616
Capital spending	−4,415	−5,318	−5,518	−5,207	−4,625
Sales of property, plant and equipment	528	342	198	251	166
Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets	−3,391	−256	−314	−873	−61
Divestitures, sales of investments in noncontrolled affiliates and other assets	39	166	75	49	169
More than three months - purchases	−190	−425	−555	−291	0
More than three months - maturities	605	0	556	150	1,135
More than three months - Sales	0	0	12	0	0
Three months or less, net	45	5	3	24	−58
Other investing, net	−100	14	48	11	5
Net Cash Used for Investing Activities	−6,879	−5,472	−5,495	−2,430	−3,269
Proceeds from issuances of long-term debt	8,189	4,042	5,482	3,377	4,122
Payments of long-term debt	−4,082	−3,886	−3,005	−2,458	−3,455
More than three months - proceeds	6,391	5,786	5,428	1,969	8
More than three months - payments	−7,920	−5,639	−3,106	−1,951	−397
Three months or less, net	1,170	392	−29	−31	434
Cash dividends paid	−7,638	−7,229	−6,682	−6,172	−5,815
Share repurchases - common	−1,000	−1,000	−1,000	−1,500	−106
Proceeds from exercises of stock options	97	166	116	138	185
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted	−113	−135	−140	−107	−92
Other financing	−73	−53	−73	−72	−47
Net Cash Used for Financing Activities	−4,979	−7,556	−3,009	−8,523	−10,780
Effect of exchange rate changes on cash and cash equivalents and restricted cash	422	−687	−277	−465	−114
Net Increase/(Decrease) in Cash and Cash Equivalents and Restricted Cash	651	−1,208	4,661	−607	−2,547
Acquisition and divestiture-related charges	453	22	41	80	−4
Payments for Merger Related Costs	−228	−18	−41	−46	−176

Filings

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