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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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PepsiCo Inc., Consolidated Income Statement
USD $ in millions

| 12 months ended | Dec 31, 2011 | Dec 25, 2010 | Dec 26, 2009 | Dec 27, 2008 | Dec 29, 2007 | |
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Net revenue | ![]() |
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Cost of sales | ![]() |
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Gross profit | ![]() |
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Selling, general and administrative expenses | ![]() |
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Amortization of intangible assets | ![]() |
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Operating profit | ![]() |
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Bottling equity income | ![]() |
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Interest expense | ![]() |
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Interest income and other | ![]() |
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Income before income taxes | ![]() |
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Provision for income taxes | ![]() |
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Net income | ![]() |
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Net income attributable to noncontrolling interests | ![]() |
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Net income attributable to PepsiCo | ![]() |
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| Item | Description | The company |
|---|---|---|
| Net revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | PepsiCo Inc.'s net revenue increased from 2009 to 2010 and from 2010 to 2011. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | PepsiCo Inc.'s operating profit increased from 2009 to 2010 and from 2010 to 2011. |
| Income before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | PepsiCo Inc.'s income before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | PepsiCo Inc.'s net income increased from 2009 to 2010 and from 2010 to 2011. |
| Net income attributable to PepsiCo | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | PepsiCo Inc.'s net income attributable to PepsiCo increased from 2009 to 2010 and from 2010 to 2011. |
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