PEP Q1 2018 Earnings Report — PepsiCo, Inc. Revenue & Financial Results | Market Cap Arena

PepsiCo, Inc.PEP

Q1 2018 Earnings

Reported April 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$12.6B	—	$12.0B	—	4.3%
Op. Income	$1.8B	—	$1.9B	—	-3.0%
Gross Margin	55.0%	—	56.1%	—	-1.1pp
Net Margin	10.7%	—	10.9%	—	-0.2pp
EPS (Diluted)	$0.94	—	$0.92	—	2.2%
Free Cash Flow	-$1.7B	—	-$510M	—	-225.7%

Revenue Flow

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$5.7B
GROSS PROFIT	$6.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.1B
Other Expenses	$0
Operating Expenses	$5.1B
Cost & Expenses	$10.8B
OPERATING INCOME	$1.8B
Interest Income	$69M
Interest Expense	$294M
Other Income/Expenses	-$150M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$304M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$1.3B
D&A	$496M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$5.7B
GROSS PROFIT	$6.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.1B
Other Expenses	$0
Operating Expenses	$5.1B
Cost & Expenses	$10.8B
OPERATING INCOME	$1.8B
Interest Income	$69M
Interest Expense	$294M
Other Income/Expenses	-$150M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$304M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$1.3B
D&A	$496M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$496M
Stock-Based Compensation	$80M
Deferred Income Tax	$50M
Other Non-Cash Items	-$1.5B
Change in Working Capital	-$1.8B
OPERATING CASH FLOW	-$1.3B
Capital Expenditure	-$352M
Acquisitions (Net)	$6M
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$5.1B
Other Investing Activities	$9M
NET CASH FROM INVESTING	$1.4B
Net Debt Issuance	$4.3B
Common Stock Repurchased	-$495M
Common Dividends Paid	-$1.2B
Other Financing Activities	$121M
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	-$1.7B
Net Change in Cash	$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$13.4B
Short-Term Investments	$7.2B
Net Receivables	$7.2B
Inventory	$3.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33.0B
PP&E (Net)	$17.1B
Goodwill	$14.8B
Intangible Assets	$13.8B
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$946M
TOTAL NON-CURRENT ASSETS	$48.8B
TOTAL ASSETS	$81.9B
Account Payables	$14.3B
Short-Term Debt	$11.6B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$25.9B
Long-Term Debt	$31.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.2B
Other Non-Current Liabilities	$9.9B
TOTAL NON-CURRENT LIABILITIES	$45.0B
TOTAL LIABILITIES	$70.9B
Common Stock	$24M
Additional Paid-In Capital	$3.9B
Retained Earnings	$52.7B
Treasury Stock	-$33.0B
Accum. Other Comp. Income	-$12.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.9B
Minority Interest	$102M
TOTAL EQUITY	$11.0B
TOTAL LIABILITIES & EQUITY	$81.9B
Total Debt	$43.5B
Net Debt	$30.1B