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 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018
Cash and cash equivalents 4,954 5,596 8,185 5,509 8,721
Short-term investments 394 392 1,366 229 272
Restricted cash 1,997
Accounts and notes receivable, net 10,163 8,680 8,404 7,822 7,142
Inventories 5,222 4,347 4,172 3,338 3,128
Prepaid expenses and other current assets 806 980 874 747 633
Assets held for sale 1,788
Current assets 21,539 21,783 23,001 17,645 21,893
Property, plant and equipment, net 24,291 22,407 21,369 19,305 17,589
Amortizable intangible assets, net 1,277 1,538 1,703 1,433 1,644
Goodwill 18,202 18,381 18,757 15,501 14,808
Other indefinite-lived intangible assets 14,309 17,127 17,612 14,610 14,181
Intangible assets 33,788 37,046 38,072 31,544 30,633
Investments in noncontrolled affiliates 3,073 2,350 2,792 2,683 2,409
Deferred income taxes 4,204 4,310 4,372 4,359 4,364
Noncurrent notes and accounts receivable 202 111 109 85 86
Deferred marketplace spending 123 119 130 147 112
Pension plans 948 1,260 910 846 269
Operating lease right-of-use assets 2,373 2,020 1,670 1,548
Other investments 813 277
Other 833 694 493 385 293
Other assets 5,292 4,481 3,312 3,011 760
Noncurrent assets 70,648 70,594 69,917 60,902 55,755
Total assets 92,187 92,377 92,918 78,547 77,648

Based on: 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), 10-K (reporting date: 2018-12-29).


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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.

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 2020 to 2021 and from 2021 to 2022.
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 decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.