Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
PepsiCo Inc. pages available for free this week:
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to PepsiCo Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
PepsiCo Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 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), 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).
- Net Income
- The net income of the company exhibited considerable volatility over the observed periods. After peaking at 4,273 million USD in March 2022, net income generally declined, with notable drops around December 2022 (535 million USD) and March 2025 (1,534 million USD). The data suggests periods of significant earnings fluctuation without a clear stable upward or downward trend.
- Depreciation and Amortization
- Depreciation and amortization expenses show an upward trend with fluctuations, reaching above 1,000 million USD in the last quarter of 2024. This increase indicates rising non-cash expenses related to asset depreciation and amortization, possibly due to capital investments or asset revaluations.
- Asset Impairments and Charges
- There are notable impairment charges especially visible starting late 2021, with a sharp increase in impairment and other charges in December 2021 (482 million USD) and March 2022 (1,389 million USD). These sporadic but significant charges indicate episodic asset write-downs affecting profitability.
- Operating Lease Amortization
- Operating lease right-of-use asset amortization has steadily increased over the periods, rising from 99 million USD to over 200 million USD by the end of 2024, reflecting increased lease obligations or changes in accounting standards regarding leases.
- Restructuring and Related Payments
- Restructuring and impairment charges show variability with some high values notably in December 2022 (285 million USD) and March 2025 (312 million USD). Cash payments related to restructuring steadily increased in magnitude, indicating ongoing restructuring activities affecting cash flows.
- Pension and Retiree Medical Plans
- The pension and retiree medical plan expense fluctuated but generally remained moderate. Contributions to these plans show large negative values in many quarters, indicating significant cash outflows related to pension funding.
- Deferred and Other Tax Charges
- Deferred income taxes and other tax charges/credits vary significantly, with some extreme positive and negative values, suggesting volatility in tax positions or adjustments, including the tax-related impacts of legislative changes.
- Working Capital Changes
- The components of working capital such as accounts receivable, inventories, prepaid expenses, and accounts payable show considerable variability both in positive and negative directions. Accounts payable and other liabilities particularly reflect wide fluctuations, highlighting changes in supplier payments or short-term obligations.
- Cash Flows from Operating Activities
- Net cash provided by operating activities generally remains positive with significant peaks, especially in late 2020 and the 2023-2024 periods. However, there are some quarters with negative cash flow, indicating variability in operational liquidity generation.
- Investing Activities
- Capital spending remains substantial throughout the periods, consistently exceeding several hundred million USD each quarter, which accounts for high levels of investment in property, plant, and equipment. Proceeds from property sales and divestitures are minor compared to capital expenditures. There is also considerable variation in acquisitions and divestitures, suggesting active portfolio management.
- Financing Activities
- Financing activities show a complex pattern with significant issuances and repayments of long-term and short-term debt. There is also consistent cash outflow related to dividends and share repurchases, indicating ongoing shareholder returns despite fluctuations in other financing components. The net cash from financing activities fluctuated from strongly positive to negative values, reflecting aggressive debt management and capital return strategies.
- Cash and Cash Equivalents
- The net increase or decrease in cash shows no consistent trend, with some quarters experiencing strong positive cash flow whereas others reflect substantial decreases. Exchange rate effects add additional variability, which can impact reported cash balances due to currency fluctuations.
- Additional Noteworthy Items
- The gain associated with the Juice Transaction appears as a significant one-time negative impact in late 2021 and early 2022, impacting net income and cash flow metrics during those periods. Product recall and related cash payments appear sporadically with minor impacts on cash flows.