Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

PepsiCo Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Cash and cash equivalents 9,711 4,954 5,596 8,185 5,509
Short-term investments 292 394 392 1,366 229
Accounts and notes receivable, net 10,815 10,163 8,680 8,404 7,822
Inventories 5,334 5,222 4,347 4,172 3,338
Prepaid expenses and other current assets 798 806 980 874 747
Assets held for sale 1,788
Current assets 26,950 21,539 21,783 23,001 17,645
Property, plant and equipment, net 27,039 24,291 22,407 21,369 19,305
Amortizable intangible assets, net 1,199 1,277 1,538 1,703 1,433
Goodwill 17,728 18,202 18,381 18,757 15,501
Other indefinite-lived intangible assets 13,730 14,309 17,127 17,612 14,610
Intangible assets 32,657 33,788 37,046 38,072 31,544
Investments in noncontrolled affiliates 2,714 3,073 2,350 2,792 2,683
Deferred income taxes 4,474 4,204 4,310 4,372 4,359
Noncurrent notes and accounts receivable 200 202 111 109 85
Deferred marketplace spending 103 123 119 130 147
Pension plans 1,057 948 1,260 910 846
Operating lease right-of-use assets 2,905 2,373 2,020 1,670 1,548
Other investments 1,616 813 277
Other 780 833 694 493 385
Other assets 6,661 5,292 4,481 3,312 3,011
Noncurrent assets 73,545 70,648 70,594 69,917 60,902
Total assets 100,495 92,187 92,377 92,918 78,547

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. PepsiCo Inc. current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. PepsiCo Inc. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. PepsiCo Inc. noncurrent assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. PepsiCo Inc. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. PepsiCo Inc. cash and cash equivalents decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. PepsiCo Inc. short-term investments increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Accounts and notes receivable, net The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. PepsiCo Inc. accounts and notes receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. PepsiCo Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.