Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

PepsiCo Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Net revenue 91,471 86,392 79,474 70,372 67,161
Cost of sales (41,881) (40,576) (37,075) (31,797) (30,132)
Gross profit 49,590 45,816 42,399 38,575 37,029
Selling, general and administrative expenses (36,677) (34,459) (31,237) (28,495) (26,738)
Gain associated with the Juice Transaction 3,321
Impairment of intangible assets (927) (3,166)
Operating profit 11,986 11,512 11,162 10,080 10,291
Other pension and retiree medical benefits income (expense) 250 132 522 117 (44)
Interest expense (1,437) (1,119) (1,988) (1,252) (1,135)
Interest income and other 618 180 125 124 200
Net interest expense and other (819) (939) (1,863) (1,128) (935)
Income before income taxes 11,417 10,705 9,821 9,069 9,312
Provision for income taxes (2,262) (1,727) (2,142) (1,894) (1,959)
Net income 9,155 8,978 7,679 7,175 7,353
Net income attributable to noncontrolling interests (81) (68) (61) (55) (39)
Net income attributable to PepsiCo 9,074 8,910 7,618 7,120 7,314

Based on: 10-K (reporting date: 2023-12-30), 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).

Income statement item Description The company
Net revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. PepsiCo Inc. net revenue increased from 2021 to 2022 and from 2022 to 2023.
Operating profit The net result for the period of deducting operating expenses from operating revenues. PepsiCo Inc. operating profit increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. PepsiCo Inc. income before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to PepsiCo The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. PepsiCo Inc. net income attributable to PepsiCo increased from 2021 to 2022 and from 2022 to 2023.