PepsiCo, Inc. (PEP)
NASDAQ: PEP · Real-Time Price · USD
126.68
+0.71 (0.56%)
At close: Oct 12, 2026, 4:00 PM EDT
127.15
+0.47 (0.37%)
After-hours: Oct 12, 2026, 7:59 PM EDT
PepsiCo Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Net Income | 10,896 | 8,240 | 9,578 | 9,074 | 8,910 | 7,618 |
Depreciation & Amortization | 4,176 | 3,918 | 3,616 | 3,359 | 3,157 | 3,080 |
Other Amortization | 260 | 260 | 199 | 159 | 123 | 135 |
Loss (Gain) From Sale of Assets | - | - | - | - | -3,321 | - |
Asset Writedown & Restructuring Costs | 154 | 2,133 | 1,005 | 1,241 | 3,805 | -9 |
Stock-Based Compensation | 321 | 288 | 362 | 380 | 343 | 301 |
Other Operating Activities | -1,025 | -1,107 | -775 | -434 | -1,318 | -227 |
Change in Accounts Receivable | -957 | -580 | -138 | -793 | -1,763 | -651 |
Change in Inventory | -289 | -150 | -314 | -261 | -1,142 | -582 |
Change in Accounts Payable | 612 | -677 | -943 | 420 | 1,842 | 1,762 |
Change in Income Taxes | -24 | -433 | -123 | 310 | 57 | 30 |
Change in Other Net Operating Assets | 445 | 195 | 40 | -13 | 118 | 159 |
Operating Cash Flow | 14,569 | 12,087 | 12,507 | 13,442 | 10,811 | 11,616 |
Operating Cash Flow Growth | 23.94% | -3.36% | -6.96% | 24.34% | -6.93% | 9.45% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Capital Expenditures | -4,098 | -4,415 | -5,318 | -5,518 | -5,207 | -4,625 |
Sale of Property, Plant & Equipment | 345 | 528 | 342 | 198 | 251 | 166 |
Cash Acquisitions | -363 | -3,391 | -256 | -314 | -873 | -61 |
Divestitures | 39 | 39 | 166 | 75 | 3,505 | 169 |
Investment in Securities | 103 | 460 | -420 | 16 | -117 | 1,077 |
Other Investing Activities | -15 | -100 | 14 | 48 | 11 | 5 |
Investing Cash Flow | -3,989 | -6,879 | -5,472 | -5,495 | -2,430 | -3,269 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Short-Term Debt Issued | - | 7,561 | 6,178 | 5,428 | 1,969 | 442 |
Long-Term Debt Issued | - | 8,189 | 4,042 | 5,482 | 3,377 | 4,122 |
Total Debt Issued | 10,503 | 15,750 | 10,220 | 10,910 | 5,346 | 4,564 |
Short-Term Debt Repaid | - | -7,920 | -5,639 | -3,135 | -1,982 | -397 |
Long-Term Debt Repaid | - | -4,082 | -3,886 | -3,005 | -4,174 | -8,299 |
Total Debt Repaid | -9,485 | -12,002 | -9,525 | -6,140 | -6,156 | -8,696 |
Net Debt Issued (Repaid) | 1,018 | 3,748 | 695 | 4,770 | -810 | -4,132 |
Issuance of Common Stock | 128 | 97 | 166 | 116 | 138 | 185 |
Repurchase of Common Stock | -1,084 | -1,113 | -1,135 | -1,140 | -1,607 | -198 |
Common Dividends Paid | -7,881 | -7,638 | -7,229 | -6,682 | -6,172 | -5,815 |
Dividends Paid | -7,881 | -7,638 | -7,229 | -6,682 | -6,172 | -5,815 |
Other Financing Activities | -56 | -73 | -53 | -73 | -72 | -820 |
Financing Cash Flow | -7,875 | -4,979 | -7,556 | -3,009 | -8,523 | -10,780 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Foreign Exchange Rate Adjustments | -148 | 422 | -687 | -277 | -465 | -114 |
Net Cash Flow | 2,557 | 651 | -1,208 | 4,661 | -607 | -2,547 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Free Cash Flow | 10,471 | 7,672 | 7,189 | 7,924 | 5,604 | 6,991 |
Free Cash Flow Growth | 54.26% | 6.72% | -9.28% | 41.40% | -19.84% | 9.70% |
Free Cash Flow Margin | 10.66% | 8.17% | 7.83% | 8.66% | 6.49% | 8.80% |
Free Cash Flow Per Share | 7.64 | 5.59 | 5.22 | 5.73 | 4.04 | 5.03 |
Levered Free Cash Flow | 9,044 | 8,233 | 7,201 | 7,565 | 6,681 | 5,188 |
Unlevered Free Cash Flow | 9,736 | 8,933 | 7,780 | 8,083 | 7,169 | 6,312 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 5, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Cash Interest Paid | 1,748 | 1,748 | 1,585 | 1,401 | 1,043 | 1,184 |
Cash Income Tax Paid | 3,276 | 3,083 | 3,064 | 2,532 | 2,766 | 1,933 |
Change in Working Capital | -213 | -1,645 | -1,478 | -337 | -888 | 718 |