PepsiCo Inc. (PEP) | Statement of Cash Flows
The cash flow statement provides information about a company's cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company's statement of financial position.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
PepsiCo Inc., Consolidated Statement of Cash Flows
USD $ in millions
| 12 months ended | Dec 29, 2012 | Dec 31, 2011 | Dec 25, 2010 | Dec 26, 2009 | Dec 27, 2008 | |
|---|---|---|---|---|---|---|
| Net income | 6,214 | 6,462 | 6,338 | 5,979 | 5,166 | |
| Depreciation and amortization | 2,689 | 2,737 | 2,327 | 1,635 | 1,543 | |
| Stock-based compensation expense | 278 | 326 | 299 | 227 | 238 | |
| Merger and integration costs | 16 | 329 | 808 | 50 | – | |
| Cash payments for merger and integration costs | (83) | (377) | (385) | (49) | – | |
| Restructuring and impairment charges | 279 | 383 | – | 36 | 543 | |
| Cash payments for restructuring charges | (343) | (31) | (31) | (196) | (180) | |
| Restructuring and other charges related to the transaction with Tingyi | 176 | – | – | – | – | |
| Cash payments for restructuring and other charges related to the transaction with Tingyi | (109) | – | – | – | – | |
| Gain on previously held equity interests in PBG and PAS | – | – | (958) | – | – | |
| Asset write-off | – | – | 145 | – | – | |
| Non-cash foreign exchange loss related to Venezuela devaluation | – | – | 120 | – | – | |
| Excess tax benefits from share-based payment arrangements | (124) | (70) | (107) | (42) | (107) | |
| Pension and retiree medical plan contributions | (1,865) | (349) | (1,734) | (1,299) | (219) | |
| Pension and retiree medical plan expenses | 796 | 571 | 453 | 423 | 459 | |
| Bottling equity income, net of dividends | – | – | 42 | (235) | (202) | |
| Deferred income taxes and other tax charges and credits | 321 | 495 | 500 | 284 | 573 | |
| Change in accounts and notes receivable | (250) | (666) | (268) | 188 | (549) | |
| Change in inventories | 144 | (331) | 276 | 17 | (345) | |
| Change in prepaid expenses and other current assets | 89 | (27) | 144 | (127) | (68) | |
| Change in accounts payable and other current liabilities | 548 | 520 | 488 | (133) | 718 | |
| Change in income taxes payable | (97) | (340) | 123 | 319 | (180) | |
| Change in operating capital | 434 | (844) | 763 | 264 | (424) | |
| Other, net | (200) | (688) | (132) | (281) | (391) | |
| Net cash provided by operating activities | 8,479 | 8,944 | 8,448 | 6,796 | 6,999 | |
| Capital spending | (2,714) | (3,339) | (3,253) | (2,128) | (2,446) | |
| Sales of property, plant and equipment | 95 | 84 | 81 | 58 | 98 | |
| Acquisitions of PBG and PAS, net of cash and cash equivalents acquired | – | – | (2,833) | – | – | |
| Acquisition of manufacturing and distribution rights from DPSG | – | – | (900) | – | – | |
| Acquisition of WBD, net of cash and cash equivalents acquired | – | (2,428) | – | – | – | |
| Investment in WBD | – | (164) | (463) | – | – | |
| Cash payments related to the transaction with Tingyi | (306) | – | – | – | – | |
| Other acquisitions and investments in noncontrolled affiliates | (121) | (601) | (83) | (500) | (1,925) | |
| Divestitures | (32) | 780 | 12 | 99 | 6 | |
| Cash restricted for pending acquisitions | – | – | – | 15 | (40) | |
| Cash proceeds from sale of PBG and PAS stock | – | – | – | – | 358 | |
| Short-term investments, more than three months, purchases | – | – | (12) | (29) | (156) | |
| Short-term investments, more than three months, maturities | – | 21 | 29 | 71 | 62 | |
| Short-term investments, three months or less, net | 61 | 45 | (229) | 13 | 1,376 | |
| Other investing, net | 12 | (16) | (17) | – | – | |
| Net cash used for investing activities | (3,005) | (5,618) | (7,668) | (2,401) | (2,667) | |
| Proceeds from issuances of long-term debt | 5,999 | 3,000 | 6,451 | 1,057 | 3,719 | |
| Payments of long-term debt | (2,449) | (1,596) | (59) | (226) | (649) | |
| Debt repurchase | – | (771) | (500) | – | – | |
| Short-term borrowings, more than three months, proceeds | 549 | 523 | 227 | 26 | 89 | |
| Short-term borrowings, more than three months, payments | (248) | (559) | (96) | (81) | (269) | |
| Short-term borrowings, three months or less, net | (1,762) | 339 | 2,351 | (963) | 625 | |
| Cash dividends paid | (3,305) | (3,157) | (2,978) | (2,732) | (2,541) | |
| Share repurchases, common | (3,219) | (2,489) | (4,978) | – | (4,720) | |
| Share repurchases, preferred | (7) | (7) | (5) | (7) | (6) | |
| Proceeds from exercises of stock options | 1,122 | 945 | 1,038 | 413 | 620 | |
| Excess tax benefits from share-based payment arrangements | 124 | 70 | 107 | 42 | 107 | |
| Acquisition of noncontrolling interests | (68) | (1,406) | (159) | – | – | |
| Other financing | (42) | (27) | (13) | (26) | – | |
| Net cash provided by (used for) financing activities | (3,306) | (5,135) | 1,386 | (2,497) | (3,025) | |
| Effect of exchange rate changes on cash and cash equivalents | 62 | (67) | (166) | (19) | (153) | |
| Net increase (decrease) in cash and cash equivalents | 2,230 | (1,876) | 2,000 | 1,879 | 1,154 | |
| Cash and cash equivalents, beginning of year | 4,067 | 5,943 | 3,943 | 2,064 | 910 | |
| Cash and cash equivalents, end of year | 6,297 | 4,067 | 5,943 | 3,943 | 2,064 |
| Item | Description | The company |
|---|---|---|
| Net cash provided by operating activities | The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. | PepsiCo Inc.'s net cash provided by operating activities increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level. |
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