PEP Q2 2017 Earnings Report — PepsiCo, Inc. Revenue & Financial Results | Market Cap Arena

PepsiCo, Inc.PEP

Q2 2017 Earnings

Reported July 11, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$15.7B	$12.0B	$15.4B	30.4%	2.0%
Op. Income	$2.9B	$1.9B	$3.0B	56.7%	-1.5%
Gross Margin	55.1%	56.1%	55.6%	-1.0pp	-0.6pp
Net Margin	13.4%	10.9%	13.0%	2.5pp	0.4pp
EPS (Diluted)	$1.46	$0.92	$1.38	58.7%	5.8%
Free Cash Flow	$1.9B	-$510M	$2.3B	468.4%	-16.9%

Revenue Flow

Item	Amount
REVENUE	$15.7B
Cost of Revenue	$7.1B
GROSS PROFIT	$8.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.7B
Other Expenses	$0
Operating Expenses	$5.7B
Cost & Expenses	$12.8B
OPERATING INCOME	$2.9B
Interest Income	$49M
Interest Expense	$265M
Other Income/Expenses	-$145M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$656M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$554M
EBIT	$3.0B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$15.7B
Cost of Revenue	$7.1B
GROSS PROFIT	$8.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.7B
Other Expenses	$0
Operating Expenses	$5.7B
Cost & Expenses	$12.8B
OPERATING INCOME	$2.9B
Interest Income	$49M
Interest Expense	$265M
Other Income/Expenses	-$145M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$656M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$554M
EBIT	$3.0B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$554M
Stock-Based Compensation	$75M
Deferred Income Tax	$1M
Other Non-Cash Items	$11M
Change in Working Capital	-$306M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$561M
Acquisitions (Net)	$98M
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$840M
Net Debt Issuance	$672M
Common Stock Repurchased	-$499M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$839M
FREE CASH FLOW	$1.9B
Net Change in Cash	$754M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.3B
Short-Term Investments	$6.9B
Net Receivables	$7.5B
Inventory	$3.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$29.2B
PP&E (Net)	$16.7B
Goodwill	$14.7B
Intangible Assets	$13.7B
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$608M
TOTAL NON-CURRENT ASSETS	$47.7B
TOTAL ASSETS	$76.9B
Account Payables	$13.8B
Short-Term Debt	$8.3B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$22.1B
Long-Term Debt	$31.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.4B
Other Non-Current Liabilities	$6.7B
TOTAL NON-CURRENT LIABILITIES	$42.3B
TOTAL LIABILITIES	$64.4B
Common Stock	$24M
Additional Paid-In Capital	$3.7B
Retained Earnings	$53.7B
Treasury Stock	-$31.9B
Accum. Other Comp. Income	-$13.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.4B
Minority Interest	$126M
TOTAL EQUITY	$12.5B
TOTAL LIABILITIES & EQUITY	$76.9B
Total Debt	$39.5B
Net Debt	$29.2B