PEP FY 2008 Earnings Report — PepsiCo, Inc. Revenue & Financial Results | Market Cap Arena

PepsiCo, Inc.PEP

FY 2008 Earnings

Reported February 19, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$43.3B	—	$39.5B	—	9.6%
Op. Income	$7.0B	—	$7.2B	—	-2.9%
Gross Margin	52.9%	—	54.3%	—	-1.4pp
Net Margin	11.9%	—	14.3%	—	-2.4pp
EPS (Diluted)	$3.21	—	$3.41	—	-5.9%
Free Cash Flow	$4.6B	—	$4.5B	—	1.1%

Revenue Flow

Item	Amount
REVENUE	$43.3B
Cost of Revenue	$20.4B
GROSS PROFIT	$22.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$15.9B
Other Expenses	$64M
Operating Expenses	$15.9B
Cost & Expenses	$36.3B
OPERATING INCOME	$7.0B
Interest Income	$41M
Interest Expense	$329M
Other Income/Expenses	$86M
INCOME BEFORE TAX	$7.0B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.1B
Net Income Deductions	-$8M
BOTTOM LINE NET INCOME	$5.1B
D&A	$1.5B
EBIT	$7.4B
EBITDA	$8.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$43.3B
Cost of Revenue	$20.4B
GROSS PROFIT	$22.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$15.9B
Other Expenses	$64M
Operating Expenses	$15.9B
Cost & Expenses	$36.3B
OPERATING INCOME	$7.0B
Interest Income	$41M
Interest Expense	$329M
Other Income/Expenses	$86M
INCOME BEFORE TAX	$7.0B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.1B
Net Income Deductions	-$8M
BOTTOM LINE NET INCOME	$5.1B
D&A	$1.5B
EBIT	$7.4B
EBITDA	$8.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$5.1B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$238M
Deferred Income Tax	$573M
Other Non-Cash Items	$294M
Change in Working Capital	-$791M
OPERATING CASH FLOW	$7.0B
Capital Expenditure	-$2.4B
Acquisitions (Net)	-$40M
Purchases of Investments	-$156M
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$3.5B
Common Stock Repurchased	-$4.7B
Common Dividends Paid	-$2.5B
Other Financing Activities	$727M
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$4.6B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$213M
Net Receivables	$4.7B
Inventory	$2.5B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.8B
PP&E (Net)	$11.7B
Goodwill	$5.1B
Intangible Assets	$1.9B
Long-Term Investments	$3.9B
Tax Assets	$0
Other Non-Current Assets	$2.7B
TOTAL NON-CURRENT ASSETS	$25.2B
TOTAL ASSETS	$36.0B
Account Payables	$8.3B
Short-Term Debt	$369M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$8.8B
Long-Term Debt	$7.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$226M
Other Non-Current Liabilities	$6.5B
TOTAL NON-CURRENT LIABILITIES	$14.6B
TOTAL LIABILITIES	$23.4B
Common Stock	$30M
Additional Paid-In Capital	$351M
Retained Earnings	$30.6B
Treasury Stock	-$14.3B
Accum. Other Comp. Income	-$4.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.1B
Minority Interest	$476M
TOTAL EQUITY	$12.6B
TOTAL LIABILITIES & EQUITY	$36.0B
Total Debt	$8.2B
Net Debt	$6.2B