Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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PepsiCo Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 22, 2025 Dec 28, 2024 Sep 7, 2024 Jun 15, 2024 Mar 23, 2024 Dec 30, 2023 Sep 9, 2023 Jun 17, 2023 Mar 25, 2023 Dec 31, 2022 Sep 3, 2022 Jun 11, 2022 Mar 19, 2022 Dec 25, 2021 Sep 4, 2021 Jun 12, 2021 Mar 20, 2021 Dec 26, 2020 Sep 5, 2020 Jun 13, 2020 Mar 21, 2020
Short-term debt obligations
Accounts payable and other current liabilities
Liabilities held for sale
Current liabilities
Long-term debt obligations, excluding current maturities
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, par value 1⅔¢ per share
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Repurchased common stock, in excess of par value
Total PepsiCo common shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-03-22), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-07), 10-Q (reporting date: 2024-06-15), 10-Q (reporting date: 2024-03-23), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21).


Short-term debt obligations
The proportion of short-term debt obligations relative to total liabilities and equity demonstrates fluctuating behavior. Starting at 6.91% in early 2020, the ratio decreased to a low of 3.29% in the third quarter of 2022 before rising again to 8.94% by the first quarter of 2025. This volatility suggests periodic adjustments in short-term borrowing or repayment strategies over the observed periods.
Accounts payable and other current liabilities
This category remained relatively stable with a generally upward trend over time. Starting near 19% in early 2020, it increased steadily to peak around 25.35% at the end of 2022. Thereafter, the ratio fluctuated mildly yet stayed above 22%, indicating a consistent level of operational payables and short-term obligations as a component of the financial structure.
Current liabilities
Current liabilities as a percentage of total liabilities and equity showed moderate variation, staying within a range of approximately 25% to 32%. The data indicate a general upward movement beginning around 25.96% in March 2020, peaking near 32.68% in September 2023, followed by slight fluctuations but remaining elevated above 30% through early 2025. This suggests an increasing relative emphasis on liabilities due within one year.
Long-term debt obligations, excluding current maturities
Long-term debt obligations exhibited a slight overall decline during the analyzed period. Initially recorded at over 41% in early 2020, the measure declined to a lower range near 35%-38% in subsequent years, demonstrating a gradual reduction in long-term debt relative to total liabilities and equity. Minor oscillations occur, but the overall trend reflects a modest decrease in reliance on long-term borrowings.
Deferred income taxes
The percentage representation of deferred income taxes remained relatively flat with a mild declining tendency. Starting around 4.77% in early 2020, it moderately declined to roughly 3.48% by early 2025. This pattern may illustrate diminishing deferred tax liabilities or adjustments in tax timing differences over time.
Other liabilities
Other liabilities showed a decreasing trend, contracting from approximately 11.76% in early 2020 to below 9% during the 2022-2025 period. Minor variations occurred, but overall, this indicates a reduction in miscellaneous liabilities relative to the total financial structure.
Noncurrent liabilities
Noncurrent liabilities as a whole declined gradually, moving from about 58% in early 2020 to roughly 50%-51% in recent periods. This contraction aligns with observed reductions in long-term debt and other noncurrent items, suggesting an overall decrease in noncurrent obligations relative to total liabilities and equity.
Total liabilities
Total liabilities steadily decreased as a proportion of total liabilities and equity, starting near 84% and falling to approximately 80%-82% in the later periods. This gradual decline points to a modest increase in equity financing or reductions in liabilities over the designated timeframe.
Common stock, par value
The proportion of common stock value remained almost constant, holding at approximately 0.02% throughout the entire time series. This indicates minimal changes in par value equity components.
Capital in excess of par value
Capital in excess of par value showed slight variability without a clear long-term trend, ranging between 4.13% and 4.48%. This implies stability in additional paid-in capital relative to total financial structure.
Retained earnings
Retained earnings formed the largest equity component and demonstrated a relatively stable pattern, fluctuating moderately between approximately 68% and 73%. Peaks were observed around early 2022 and late 2022, with some decline in mid-2023 followed by recovery. This stability suggests consistent accumulation of earnings or reinvestment over time.
Accumulated other comprehensive loss
Accumulated other comprehensive loss remained negative throughout, fluctuating around -16% to -17.7%. This persistent negative balance reflects ongoing losses in comprehensive income components such as foreign currency translations or unrealized losses, resulting in a drag on equity.
Repurchased common stock, in excess of par value
Repurchased common stock consistently represented a significant negative component of equity, staying between -40% and -43.7%. There was a slight trend toward reduction in magnitude after early 2023, possibly indicating a deceleration in share buyback activity or changes in treasury stock management.
Total PepsiCo common shareholders’ equity
Total common equity increased over the period from about 15.8% to a peak near 20% by late 2022, followed by mild fluctuations between 18% and 19.5% through early 2025. This shows a general strengthening of common shareholders' equity relative to total liabilities and equity, indicative of improved capital base or profitability.
Noncontrolling interests
Noncontrolling interests held steady at a very low level around 0.11% to 0.17%, indicating minimal impact on the overall equity composition.
Total equity
Total equity increased steadily from approximately 15.9% to just above 20% in early 2022, before settling around 18% to 19.7% through the end of the observed period. This pattern illustrates a moderate growth in equity financing relative to the total capital structure, contributing to a slight decline in overall leverage.
Total liabilities and equity
The sum of liabilities and equity consistently equaled 100%, confirming the proportional nature of the data.