PEP Q4 2021 Earnings Report — PepsiCo, Inc. Revenue & Financial Results | Market Cap Arena

PepsiCo, Inc.PEP

Q4 2021 Earnings

Reported February 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$25.2B	—	$22.5B	—	12.4%
Op. Income	$2.6B	—	$2.8B	—	-9.3%
Gross Margin	52.0%	—	53.6%	—	-1.6pp
Net Margin	5.2%	—	8.2%	—	-3.0pp
EPS (Diluted)	$0.95	—	$1.33	—	-28.6%
Free Cash Flow	$2.6B	—	$2.3B	—	13.3%

Revenue Flow

Item	Amount
REVENUE	$25.2B
Cost of Revenue	$12.1B
GROSS PROFIT	$13.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10.6B
Other Expenses	$0
Operating Expenses	$10.6B
Cost & Expenses	$22.7B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$1.1B
Other Income/Expenses	-$974M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$247M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.4B
EBIT	$2.7B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$25.2B
Cost of Revenue	$12.1B
GROSS PROFIT	$13.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10.6B
Other Expenses	$0
Operating Expenses	$10.6B
Cost & Expenses	$22.7B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$1.1B
Other Income/Expenses	-$974M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$247M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.4B
EBIT	$2.7B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$86M
Deferred Income Tax	$37M
Other Non-Cash Items	$170M
Change in Working Capital	$2.0B
OPERATING CASH FLOW	$5.0B
Capital Expenditure	-$2.3B
Acquisitions (Net)	-$22M
Purchases of Investments	$7M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$10M
Common Dividends Paid	-$1.5B
Other Financing Activities	-$762M
NET CASH FROM FINANCING	-$3.6B
FREE CASH FLOW	$2.6B
Net Change in Cash	-$900M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.6B
Short-Term Investments	$392M
Net Receivables	$8.7B
Inventory	$4.3B
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$21.8B
PP&E (Net)	$24.4B
Goodwill	$18.4B
Intangible Assets	$18.7B
Long-Term Investments	$2.6B
Tax Assets	$4.3B
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$70.6B
TOTAL ASSETS	$92.4B
Account Payables	$9.8B
Short-Term Debt	$4.3B
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$26.2B
Long-Term Debt	$36.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.8B
Other Non-Current Liabilities	$9.2B
TOTAL NON-CURRENT LIABILITIES	$50.0B
TOTAL LIABILITIES	$76.2B
Common Stock	$23M
Additional Paid-In Capital	$4.0B
Retained Earnings	$65.2B
Treasury Stock	-$38.2B
Accum. Other Comp. Income	-$14.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.0B
Minority Interest	$108M
TOTAL EQUITY	$16.2B
TOTAL LIABILITIES & EQUITY	$92.4B
Total Debt	$40.8B
Net Debt	$35.2B