PEP FY 2007 Earnings Report — PepsiCo, Inc. Revenue & Financial Results | Market Cap Arena

PepsiCo, Inc.PEP

FY 2007 Earnings

Reported February 15, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$39.5B	—	$35.1B	—	12.3%
Op. Income	$7.2B	—	$6.5B	—	10.3%
Gross Margin	54.3%	—	55.1%	—	-0.8pp
Net Margin	14.3%	—	16.1%	—	-1.7pp
EPS (Diluted)	$3.41	—	$3.34	—	2.1%
Free Cash Flow	$4.5B	—	$4.0B	—	12.2%

Revenue Flow

Item	Amount
REVENUE	$39.5B
Cost of Revenue	$18.0B
GROSS PROFIT	$21.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.2B
Other Expenses	$58M
Operating Expenses	$14.3B
Cost & Expenses	$32.3B
OPERATING INCOME	$7.2B
Interest Income	$125M
Interest Expense	$224M
Other Income/Expenses	$461M
INCOME BEFORE TAX	$7.6B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.7B
Net Income Deductions	-$12M
BOTTOM LINE NET INCOME	$5.7B
D&A	$1.4B
EBIT	$7.9B
EBITDA	$9.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$39.5B
Cost of Revenue	$18.0B
GROSS PROFIT	$21.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.2B
Other Expenses	$58M
Operating Expenses	$14.3B
Cost & Expenses	$32.3B
OPERATING INCOME	$7.2B
Interest Income	$125M
Interest Expense	$224M
Other Income/Expenses	$461M
INCOME BEFORE TAX	$7.6B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.7B
Net Income Deductions	-$12M
BOTTOM LINE NET INCOME	$5.7B
D&A	$1.4B
EBIT	$7.9B
EBITDA	$9.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$5.7B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$260M
Deferred Income Tax	$118M
Other Non-Cash Items	-$424M
Change in Working Capital	-$104M
OPERATING CASH FLOW	$6.9B
Capital Expenditure	-$2.4B
Acquisitions (Net)	-$1.3B
Purchases of Investments	-$496M
Sales/Maturities of Investments	$455M
Other Investing Activities	$47M
NET CASH FROM INVESTING	-$3.7B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$4.3B
Common Dividends Paid	-$2.2B
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$4.5B
Net Change in Cash	-$741M

Balance Sheet

Item	Amount
Cash & Equivalents	$910M
Short-Term Investments	$1.6B
Net Receivables	$4.4B
Inventory	$2.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.2B
PP&E (Net)	$11.2B
Goodwill	$5.2B
Intangible Assets	$2.0B
Long-Term Investments	$4.4B
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$24.5B
TOTAL ASSETS	$34.6B
Account Payables	$7.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$2.9B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$4.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$646M
Other Non-Current Liabilities	$4.8B
TOTAL NON-CURRENT LIABILITIES	$9.6B
TOTAL LIABILITIES	$17.4B
Common Stock	$30M
Additional Paid-In Capital	$450M
Retained Earnings	$28.2B
Treasury Stock	-$10.5B
Accum. Other Comp. Income	-$952M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.2B
Minority Interest	$0
TOTAL EQUITY	$17.2B
TOTAL LIABILITIES & EQUITY	$34.6B
Total Debt	$4.2B
Net Debt	$3.3B