Pepsi 2011 Income Statement

All Numbers in Thousands (Except Stock Price)

Period Ending 25-Dec-09 24-Dec-10 30-Dec-11
Total Revenue 43,232,000 57,838,000 66,504,000
Cost of Revenue 20,099,000 26,575,000 31,593,000

Gross Profit 23,133,000 31,263,000 34,911,000

Operating Expenses
Selling General and Administrative 15,026,000 22,814,000 25,145,000
Others 63,000 117,000 133,000

Operating Income or Loss 8,044,000 8,332,000 9,633,000

Total Other Income/Expenses Net 67,000 68,000 57,000

Earnings Before Interest And Taxes 8,476,000 9,135,000 9,690,000
Interest Expense 397,000 903,000 856,000
Income Before Tax 8,079,000 8,232,000 8,834,000
Income Tax Expense 2,100,000 1,894,000 2,372,000
Minority Interest -33,000 -18,000 -19,000

Net Income From Continuing Ops 6,311,000 7,055,000 6,443,000

Net Income 5,946,000 6,320,000 6,443,000

Preferred Stock And Other Adjustments - - -

Net Income Applicable To Common Shares 5,946,000 6,320,000 6,443,000

Number of Common Shares Outstanding 1,565,000 1,581,000 1,564,000
Dividends Per Share $1.75 $1.89 $2.03
Market Price of Stock $60.80 $65.33 $66.35
 Pepsi 2011 Balance Sheet
All Numbers in Thousands (Except Stock Price)
Period Ending 25-Dec-09 24-Dec-10 30-Dec-11

Assets
Current Assets
Cash And Cash Equivalents 3,943,000 5,943,000 4,067,000
Short Term Investments 192,000 426,000 358,000
Net Receivables 4,624,000 6,323,000 6,912,000
Inventory 2,618,000 3,372,000 3,827,000
Other Current Assets 1,194,000 1,505,000 2,277,000

Total Current Assets 12,571,000 17,569,000 17,441,000

Long Term Investments 4,484,000 1,368,000 1,477,000

Property Plant and Equipment 12,671,000 19,058,000 19,698,000
Goodwill 6,534,000 14,661,000 16,800,000
Intangible Assets 2,623,000 13,808,000 16,445,000
Other Assets 965,000 1,689,000 1,021,000

Total Assets 39,848,000 68,153,000 72,882,000

Liabilities
Current Liabilities
Accounts Payable 8,292,000 10,994,000 11,949,000
Short/Current Long Term Debt 464,000 4,898,000 6,205,000

Total Current Liabilities 8,756,000 15,892,000 18,154,000

Long Term Debt 7,400,000 19,999,000 20,568,000

Other Liabilities 5,591,000 6,729,000 8,266,000
Deferred Long Term Liability Charges 659,000 4,057,000 4,995,000
Minority Interest 638,000 312,000 311,000

Total Liabilities 23,044,000 46,989,000 52,294,000

Stockholders' Equity
Misc Stocks Options Warrants -104,000 -109,000 -116,000
Common Stock 30,000 31,000 31,000
Retained Earnings 33,805,000 37,090,000 40,316,000
Treasury Stock -13,383,000 -16,745,000 -17,875,000
Capital Surplus 250,000 4,527,000 4,461,000
Other Stockholder Equity -3,794,000 -3,630,000 -6,229,000

Total Stockholder Equity 16,908,000 21,273,000 20,704,000

Total Liabilities and Stockholder Equity 39,848,000 68,153,000 72,882,000

Number of Common Shares Outstanding 1,565,000 1,581,000 1,564,000
Dividends Per Share $1.75 $1.89 $2.03
Market Price of Stock $60.80 $65.33 $66.35
 Pepsi 2011 Statement of Cash Flows
All Numbers in Thousands
Period Ending 25-Dec-09 24-Dec-10 30-Dec-11
Net Income 5,946,000 6,320,000 6,443,000

Operating Activities, Cash Flows Provided By or Used In

Depreciation 1,635,000 2,327,000 2,737,000
Adjustments To Net Income -801,000 -848,000 1,277,000
Changes In Accounts Receivables 188,000 -268,000 -666,000
Changes In Liabilities 186,000 611,000 180,000
Changes In Inventories 17,000 276,000 -331,000
Changes In Other Operating Activities -408,000 12,000 -715,000

Total Cash Flow From Operating Activities 6,796,000 8,448,000 8,944,000

Investing Activities, Cash Flows Provided By or Used In

Capital Expenditures -2,128,000 -3,253,000 -3,339,000
Investments -445,000 -758,000 -699,000
Other Cash flows from Investing Activities 172,000 -3,657,000 -1,580,000

Total Cash Flows From Investing Activities -2,401,000 -7,668,000 -5,618,000

Financing Activities, Cash Flows Provided By or Used In

Dividends Paid -2,732,000 -2,978,000 -3,157,000
Sale Purchase of Stock 406,000 -4,104,000 -2,957,000
Net Borrowings -187,000 8,374,000 936,000
Other Cash Flows from Financing Activities -26,000 -13,000 -27,000

Total Cash Flows From Financing Activities -2,497,000 1,386,000 -5,135,000

Effect Of Exchange Rate Changes -19,000 -166,000 -67,000

Change In Cash and Cash Equivalents 1,879,000 2,000,000 -1,876,000