PepsiCo, Inc. (PEP)

PepsiCo Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 7, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Revenue	91,920	91,471	86,392	79,474	70,372	67,161
Revenue Growth (YoY)	0.33%	5.88%	8.70%	12.93%	4.78%	3.87%
Cost of Revenue	41,472	41,868	40,342	37,046	31,735	29,983
Gross Profit	50,448	49,603	46,050	42,428	38,637	37,178
Selling, General & Admin	35,697	35,292	33,183	29,814	26,993	25,749
Research & Development	804	804	771	752	719	711
Other Operating Expenses	-32	-32	-156	4	-6	-1
Operating Expenses	36,469	36,064	33,798	30,570	27,706	26,459
Operating Income	13,979	13,539	12,252	11,858	10,931	10,719
Interest Expense	-912	-859	-780	-1,799	-1,257	-928
Currency Exchange Gain (Loss)	34	41	58	-	-	-
EBT Excluding Unusual Items	13,101	12,721	11,530	10,059	9,674	9,791
Merger & Restructuring Charges	-573	-445	-1,059	-247	-289	-370
Gain (Loss) on Sale of Assets	216	108	3,321	18	-	-
Asset Writedown	-835	-927	-2,878	-	-42	-
Other Unusual Items	-239	-40	-209	-9	-274	-109
Pretax Income	11,670	11,417	10,705	9,821	9,069	9,312
Income Tax Expense	2,254	2,262	1,727	2,142	1,894	1,959
Earnings From Continuing Operations	9,416	9,155	8,978	7,679	7,175	7,353
Minority Interest in Earnings	-59	-81	-68	-61	-55	-39
Net Income	9,357	9,074	8,910	7,618	7,120	7,314
Net Income to Common	9,357	9,074	8,910	7,618	7,120	7,314
Net Income Growth	12.87%	1.84%	16.96%	6.99%	-2.65%	-41.56%
Shares Outstanding (Basic)	1,374	1,376	1,380	1,382	1,385	1,399
Shares Outstanding (Diluted)	1,379	1,383	1,387	1,389	1,392	1,407
Shares Change (YoY)	-0.29%	-0.29%	-0.14%	-0.22%	-1.07%	-1.26%
EPS (Basic)	6.81	6.59	6.46	5.51	5.14	5.23
EPS (Diluted)	6.78	6.56	6.42	5.49	5.12	5.20
EPS Growth	13.04%	2.18%	16.94%	7.23%	-1.54%	-40.79%
Free Cash Flow	6,201	7,924	5,604	6,991	6,373	5,417
Free Cash Flow Per Share	4.50	5.73	4.04	5.03	4.58	3.85
Dividend Per Share	5.240	4.945	4.525	4.247	4.022	3.792
Dividend Growth	8.49%	9.28%	6.53%	5.59%	6.06%	5.71%
Gross Margin	54.88%	54.23%	53.30%	53.39%	54.90%	55.36%
Operating Margin	15.21%	14.80%	14.18%	14.92%	15.53%	15.96%
Profit Margin	10.18%	9.92%	10.31%	9.59%	10.12%	10.89%
Free Cash Flow Margin	6.75%	8.66%	6.49%	8.80%	9.06%	8.07%
EBITDA	16,913	16,328	14,892	14,433	13,327	12,985
EBITDA Margin	18.40%	17.85%	17.24%	18.16%	18.94%	19.33%
D&A For EBITDA	2,934	2,789	2,640	2,575	2,396	2,266
EBIT	13,979	13,539	12,252	11,858	10,931	10,719
EBIT Margin	15.21%	14.80%	14.18%	14.92%	15.53%	15.96%
Effective Tax Rate	19.31%	19.81%	16.13%	21.81%	20.88%	21.04%
Advertising Expenses	-	3,800	3,500	3,500	3,000	4,700

Source: S&P Capital IQ. Standard template. Financial Sources.