Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

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.

PepsiCo Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
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 Dec 28, 2019 Sep 7, 2019 Jun 15, 2019 Mar 23, 2019
Cash and cash equivalents 9,711 10,017 6,116 4,770 4,954 6,415 5,405 6,561 5,596 6,506 5,449 5,661 8,185 9,094 8,927 11,089 5,509 5,494 3,293 5,072
Short-term investments 292 266 338 434 394 327 287 343 392 344 328 964 1,366 611 196 158 229 287 291 289
Restricted cash 127 150 190
Accounts and notes receivable, less allowance 10,815 11,782 11,456 10,469 10,163 10,739 10,498 9,424 8,680 9,545 9,722 8,885 8,404 9,295 8,780 8,477 7,822 8,735 8,502 7,604
Raw materials and packaging 2,388 2,456 2,638 2,435 2,366 2,303 2,403 2,017 1,898 1,926 2,081 1,827 1,720 1,798 1,869 1,502 1,395 1,509 1,589 1,438
Work-in-process 104 119 110 115 114 150 158 154 151 178 381 308 205 275 344 277 200 316 384 257
Finished goods 2,842 2,983 3,221 3,147 2,742 2,566 2,726 2,591 2,298 2,260 2,544 2,421 2,247 2,062 2,101 1,821 1,743 1,842 2,015 1,859
Inventories 5,334 5,558 5,969 5,697 5,222 5,019 5,287 4,762 4,347 4,364 5,006 4,556 4,172 4,135 4,314 3,600 3,338 3,667 3,988 3,554
Prepaid expenses and other current assets 798 1,026 1,075 1,057 806 1,043 1,156 1,252 980 1,058 1,092 1,130 874 925 972 944 747 888 988 1,208
Assets held for sale 1,788 1,893
Current assets 26,950 28,649 24,954 22,427 21,539 23,543 22,633 22,342 21,783 23,710 21,597 21,196 23,001 24,060 23,189 24,268 17,645 19,198 17,212 17,917
Property, plant and equipment 54,439 51,585 50,804 50,022 49,784 48,100 47,902 46,533 46,828 45,688 47,404 46,544 46,340 44,116 43,018 42,696 43,003 40,645 40,264 40,245
Accumulated depreciation (27,400) (26,732) (26,304) (25,794) (25,493) (25,300) (25,208) (24,516) (24,421) (24,431) (25,785) (25,295) (24,971) (24,390) (23,831) (23,716) (23,698) (23,059) (22,822) (22,695)
Property, plant and equipment, net 27,039 24,853 24,500 24,228 24,291 22,800 22,694 22,017 22,407 21,257 21,619 21,249 21,369 19,726 19,187 18,980 19,305 17,586 17,442 17,550
Amortizable intangible assets, net 1,199 1,208 1,232 1,250 1,277 1,314 1,348 1,497 1,538 1,584 1,686 1,690 1,703 1,515 1,465 1,443 1,433 1,437 1,433 1,641
Goodwill 17,728 17,892 17,997 18,089 18,202 18,388 18,547 18,112 18,381 18,531 18,893 18,779 18,757 18,603 17,845 15,465 15,501 15,338 15,632 14,945
Other indefinite-lived intangible assets 13,730 14,293 14,330 14,273 14,309 15,838 15,743 16,603 17,127 17,291 17,738 17,641 17,612 17,671 17,530 14,536 14,610 14,375 14,148 14,334
Intangible assets 32,657 33,393 33,559 33,612 33,788 35,540 35,638 36,212 37,046 37,406 38,317 38,110 38,072 37,789 36,840 31,444 31,544 31,150 31,213 30,920
Investments in noncontrolled affiliates 2,714 2,955 3,038 3,123 3,073 3,224 3,519 3,595 2,627 2,791 2,774 2,777 2,792 2,752 2,715 2,719 2,683 2,690 2,510 2,476
Deferred income taxes 4,474 4,165 4,186 4,211 4,204 4,324 4,345 4,301 4,310 4,357 4,370 4,370 4,372 4,357 4,351 4,357 4,359 4,340 4,353 4,361
Other assets 6,661 5,938 5,669 5,441 5,292 5,030 4,274 4,495 4,204 3,733 3,708 3,522 3,312 3,357 3,243 3,294 3,011 2,480 2,354 2,242
Noncurrent assets 73,545 71,304 70,952 70,615 70,648 70,918 70,470 70,620 70,594 69,544 70,788 70,028 69,917 67,981 66,336 60,794 60,902 58,246 57,872 57,549
Total assets 100,495 99,953 95,906 93,042 92,187 94,461 93,103 92,962 92,377 93,254 92,385 91,224 92,918 92,041 89,525 85,062 78,547 77,444 75,084 75,466

Based on: 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), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).


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 increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

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 increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
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. accounts and notes receivable, less allowance increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
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 decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.