Balance Sheet: Assets
Quarterly Data
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.
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PepsiCo Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
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PepsiCo Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-21), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-06), 10-Q (reporting date: 2025-06-14), 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).
Over the period examined, total assets generally exhibited an upward trend, although with some quarterly fluctuations. Initial values around 91,224 million increased to approximately 110,646 million, indicating overall growth. However, the rate of growth was not consistent throughout the period.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated considerable volatility. Beginning at 5,661 million, the balance fluctuated, peaking at 10,017 million in September 2023 before decreasing to 10,475 million in March 2026. This suggests active cash management or significant operational and investment activities impacting cash flow.
- Short-Term Investments
- Short-term investments showed a marked decrease from 964 million in March 2021 to a low of 266 million in September 2022. A subsequent increase was observed, reaching 761 million in December 2024, followed by a decline to 371 million in June 2025. This pattern indicates a dynamic investment strategy, potentially responding to market conditions or funding needs.
- Accounts and Notes Receivable
- Accounts and notes receivable consistently remained a substantial asset component, generally increasing from 8,885 million to 12,171 million in March 2026. The increase suggests growing sales or changes in credit terms. Fluctuations were relatively moderate, indicating stable collection practices.
- Inventory
- Inventory levels exhibited a general upward trend, rising from 4,556 million to 6,211 million. Seasonal variations were apparent, with peaks typically occurring around June and September, potentially reflecting production and sales cycles. The increase in inventory could be attributed to increased demand or strategic stockpiling.
- Property, Plant, and Equipment (Net)
- Net property, plant, and equipment demonstrated a consistent upward trend, increasing from 21,249 million to 29,807 million. This indicates ongoing investment in long-term assets, potentially supporting expansion or modernization efforts. The accumulated depreciation consistently reduced the gross value of these assets.
- Intangible Assets
- Intangible assets, encompassing both amortizable and indefinite-lived components, remained a significant portion of total assets, fluctuating between approximately 32,474 million and 34,475 million. Goodwill constituted a substantial portion of this category, with a slight increase observed over the period. Other indefinite-lived intangible assets experienced a decrease, then a slight recovery.
- Other Assets & Deferred Income Taxes
- Other assets showed a notable increase, rising from 3,522 million to 9,064 million, suggesting a build-up in miscellaneous assets. Deferred income taxes also increased, from 4,370 million to 4,560 million, indicating changes in tax-related liabilities.
In summary, the asset base experienced overall growth, driven primarily by increases in property, plant, and equipment, accounts receivable, and inventory. Cash and short-term investments exhibited more volatility, suggesting active financial management. The consistent investment in long-term assets and the growth in intangible assets indicate a long-term strategic focus.