Stock Analysis on Net
Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
Mar 20, 2021 Dec 26, 2020 Sep 5, 2020 Jun 13, 2020 Mar 21, 2020 Dec 28, 2019 Sep 7, 2019 Jun 15, 2019 Mar 23, 2019 Dec 29, 2018 Sep 8, 2018 Jun 16, 2018 Mar 24, 2018 Dec 30, 2017 Sep 9, 2017 Jun 17, 2017 Mar 25, 2017 Dec 31, 2016 Sep 3, 2016 Jun 11, 2016 Mar 19, 2016
Cash and cash equivalents 5,661  8,185  9,094  8,927  11,089  5,509  5,494  3,293  5,072  8,721  11,991  13,858  13,443  10,610  10,243  10,282  9,528  9,158  10,256  9,646  8,124 
Short-term investments 964  1,366  611  196  158  229  287  291  289  272  1,907  4,271  7,167  8,900  8,035  6,878  6,461  6,967  4,524  3,733  4,020 
Restricted cash —  —  —  —  —  —  127  150  190  1,997  —  —  —  —  —  —  —  —  —  —  — 
Accounts and notes receivable, less allowance 8,885  8,404  9,295  8,780  8,477  7,822  8,735  8,502  7,604  7,142  7,975  7,841  7,171  7,024  7,923  7,543  6,848  6,694  7,745  7,495  6,707 
Raw materials and packaging 1,827  1,720  1,798  1,869  1,502  1,395  1,509  1,589  1,438  1,312  1,401  1,520  1,406  1,344  1,452  1,537  1,429  1,315  1,438  1,512  1,418 
Work-in-process 308  205  275  344  277  200  316  384  257  178  164  231  200  167  236  312  220  150  228  325  277 
Finished goods 2,421  2,247  2,062  2,101  1,821  1,743  1,842  2,015  1,859  1,638  1,577  1,740  1,729  1,436  1,563  1,763  1,633  1,258  1,454  1,650  1,524 
Inventories 4,556  4,172  4,135  4,314  3,600  3,338  3,667  3,988  3,554  3,128  3,142  3,491  3,335  2,947  3,251  3,612  3,282  2,723  3,120  3,487  3,219 
Prepaid expenses and other current assets 1,130  874  925  972  944  747  888  988  1,208  633  827  909  1,931  1,546  745  933  1,031  1,547  1,454  1,517  1,896 
Current assets 21,196  23,001  24,060  23,189  24,268  17,645  19,198  17,212  17,917  21,893  25,842  30,370  33,047  31,027  30,197  29,248  27,150  27,089  27,099  25,878  23,966 
Property, plant and equipment 46,544  46,340  44,116  43,018  42,696  43,003  40,645  40,264  40,245  40,164  38,878  38,974  39,383  39,106  38,748  37,966  37,373  36,818  36,603  36,229  35,664 
Accumulated depreciation (25,295) (24,971) (24,390) (23,831) (23,716) (23,698) (23,059) (22,822) (22,695) (22,575) (22,337) (22,212) (22,242) (21,866) (21,788) (21,224) (20,724) (20,227) (20,298) (20,010) (19,559)
Property, plant and equipment, net 21,249  21,369  19,726  19,187  18,980  19,305  17,586  17,442  17,550  17,589  16,541  16,762  17,141  17,240  16,960  16,742  16,649  16,591  16,305  16,219  16,105 
Goodwill 18,779  18,757  18,603  17,845  15,465  15,501  15,338  15,632  14,945  14,808  14,332  14,540  14,795  14,744  14,750  14,655  14,584  14,430  14,394  14,398  14,132 
Amortizable intangible assets, net 1,690  1,703  1,515  1,465  1,443  1,433  1,437  1,433  1,641  1,644  1,193  1,222  1,252  1,268  1,276  1,256  1,259  1,237  1,257  1,274  1,266 
Other indefinite-lived intangible assets 17,641  17,612  17,671  17,530  14,536  14,610  14,375  14,148  14,334  14,181  12,273  12,459  12,591  12,570  12,559  12,472  12,338  12,196  12,024  12,073  11,783 
Intangible assets, net 19,331  19,315  19,186  18,995  15,979  16,043  15,812  15,581  15,975  15,825  13,466  13,681  13,843  13,838  13,835  13,728  13,597  13,433  13,281  13,347  13,049 
Investments in noncontrolled affiliates 2,777  2,792  2,752  2,715  2,719  2,683  2,690  2,510  2,476  2,409  2,394  2,401  2,115  2,042  1,950  1,962  2,003  1,950  1,975  2,002  1,935 
Deferred income taxes 4,370  4,372  4,357  4,351  4,357  4,359  4,340  4,353  4,361  4,364  —  —  —  —  —  —  —  —  —  —  — 
Other assets 3,522  3,312  3,357  3,243  3,294  3,011  2,480  2,354  2,242  760  1,057  977  946  913  771  608  639  636  843  867  832 
Noncurrent assets 70,028  69,917  67,981  66,336  60,794  60,902  58,246  57,872  57,549  55,755  47,790  48,361  48,840  48,777  48,266  47,695  47,472  47,040  46,798  46,833  46,053 
Total assets 91,224  92,918  92,041  89,525  85,062  78,547  77,444  75,084  75,466  77,648  73,632  78,731  81,887  79,804  78,463  76,943  74,622  74,129  73,897  72,711  70,019 

Based on: 10-Q (filing date: 2021-04-15), 10-K (filing date: 2021-02-11), 10-Q (filing date: 2020-10-01), 10-Q (filing date: 2020-07-13), 10-Q (filing date: 2020-04-28), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-03), 10-Q (filing date: 2019-07-09), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-15), 10-Q (filing date: 2018-10-02), 10-Q (filing date: 2018-07-10), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-13), 10-Q (filing date: 2017-10-04), 10-Q (filing date: 2017-07-11), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-09-29), 10-Q (filing date: 2016-07-07), 10-Q (filing date: 2016-04-18).


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.’s current assets decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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.’s property, plant and equipment, net increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021.
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.’s noncurrent assets increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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.’s total assets increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

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.’s cash and cash equivalents decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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.’s short-term investments increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.
Accounts and notes receivable, less allowance 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.’s accounts and notes receivable, less allowance decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.
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.’s inventories increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.