Stock Analysis on Net
Stock Analysis on Net
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PepsiCo Inc. (NASDAQ:PEP)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

PepsiCo Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016
Short-term debt obligations 3,780  2,920  4,026  5,485  6,892 
Accounts payable 8,853  8,013  7,213  6,727  6,158 
Accrued marketplace spending 2,935  2,765  2,541  2,390  2,444 
Accrued compensation and benefits 2,059  1,835  1,755  1,785  1,770 
Dividends payable 1,430  1,351  1,329  1,161  1,097 
Current lease liabilities 460  442  —  —  — 
Other current liabilities 3,855  3,135  5,274  2,954  2,774 
Accounts payable and other current liabilities 19,592  17,541  18,112  15,017  14,243 
Current liabilities 23,372  20,461  22,138  20,502  21,135 
Long-term debt obligations 40,370  29,148  28,295  33,796  30,053 
Deferred income taxes 4,284  4,091  3,499  3,242  5,073 
Other liabilities 11,340  9,979  9,114  11,283  6,669 
Noncurrent liabilities 55,994  43,218  40,908  48,321  41,795 
Total liabilities 79,366  63,679  63,046  68,823  62,930 
Preferred stock, no par value —  —  —  41  41 
Repurchased preferred stock —  —  —  (197) (192)
Common stock, par value 1⅔¢ per share 23  23  23  24  24 
Capital in excess of par value 3,910  3,886  3,953  3,996  4,091 
Retained earnings 63,443  61,946  59,947  52,839  52,518 
Accumulated other comprehensive loss (15,476) (14,300) (15,119) (13,057) (13,919)
Repurchased common stock, in excess of par value (38,446) (36,769) (34,286) (32,757) (31,468)
Total PepsiCo shareholders’ equity 13,454  14,786  14,518  10,889  11,095 
Noncontrolling interests 98  82  84  92  104 
Total equity 13,552  14,868  14,602  10,981  11,199 
Total liabilities and equity 92,918  78,547  77,648  79,804  74,129 

Based on: 10-K (filing date: 2021-02-11), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-15).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. PepsiCo Inc.’s current liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. PepsiCo Inc.’s noncurrent liabilities increased from 2018 to 2019 and from 2019 to 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. PepsiCo Inc.’s total liabilities increased from 2018 to 2019 and from 2019 to 2020.
Total PepsiCo shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. PepsiCo Inc.’s total PepsiCo shareholders’ equity increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.