Pepsico, inc. (PEP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating Activities
Net income

7,353

12,559

4,908

6,379

5,501

6,558

6,787

6,214

6,462

6,338

5,979

5,166

5,670

Depreciation and amortization

2,432

2,399

2,369

2,368

2,416

2,625

2,663

2,689

2,737

2,327

1,635

1,543

1,426

Share-based compensation expense

237

256

292

284

295

297

303

278

326

299

227

238

260

Merger and integration charges

-

-

-

-

-

-

10

16

329

808

50

-

0

Cash payments for merger and integration charges

-

-

-

-

-

-

25

83

377

385

49

-

0

Restructuring and impairment charges

370

308

295

160

230

418

163

279

383

0

36

543

102

Cash payments for restructuring charges

350

255

113

125

208

266

133

343

31

31

196

180

22

Charge related to the transaction with Tingyi

-

-

-

373

73

0

0

-

-

-

-

-

-

Payments for restructuring and other charges related to Tingyi

-

-

-

-

-

-

-

-176

-

-

-

-

-

Cash payments for restructuring and other charges related to the transaction with Tingyi

-

-

-

-

-

-

26

109

0

0

-

-

-

Venezuela impairment charges

-

-

-

-

1,359

0

0

-

-

-

-

-

-

Gain on previously held equity interests in PBG and PAS

-

-

-

-

-

-

-

-

-

958

-

-

-

Asset write-off

-

-

-

-

-

-

-

-

-

145

-

-

-

Venezuela remeasurement charge

-

-

-

-

-

105

111

0

0

120

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

114

117

124

70

107

42

107

208

Pension and retiree medical plan expenses

519

221

221

501

467

667

663

796

571

453

423

459

535

Pension and retiree medical plan contributions

716

1,708

220

695

205

655

262

1,865

349

1,734

1,299

219

310

Bottling equity income, net of dividends

-

-

-

-

-

-

-

-

-

-42

235

202

441

Deferred income taxes and other tax charges and credits

453

-531

619

452

78

-19

-1,058

321

495

500

284

573

118

Other net tax benefits related to international reorganizations

-2

-4,347

0

0

-

-

-

-

-

-

-

-

-

Net tax (benefit)/expense related to the TCJ Act

-8

-28

2,451

0

-

-

-

-

-

-

-

-

-

Tax payments related to the TCJ Act

423

115

0

-

-

-

-

-

-

-

-

-

-

Provisional net tax expense related to the TCJ Act

-

-

-

-

0

-

-

-

-

-

-

-

-

Change in assets and liabilities [Abstract]
Accounts and notes receivable

650

253

202

349

461

343

88

250

666

268

-188

549

405

Inventories

190

174

168

75

244

111

-4

-144

331

-276

-17

345

204

Prepaid expenses and other current assets

87

-9

-20

-10

50

-80

51

-89

27

-144

127

68

16

Accounts payable and other current liabilities

735

882

201

981

1,692

1,162

1,007

548

520

488

-133

718

522

Income taxes payable

-287

448

-338

329

55

371

86

-97

-340

123

319

-180

128

Other, net

263

-256

-305

70

-134

-269

-349

-200

-688

-132

-281

391

221

Net Cash Provided by (Used in) Operating Activities

9,649

9,415

10,030

10,663

10,864

10,506

9,688

8,479

8,944

8,448

6,796

6,999

6,934

Investing Activities
Capital spending

4,232

3,282

2,969

3,040

2,758

2,859

2,795

2,714

3,339

3,253

2,128

2,446

2,430

Sales of property, plant and equipment

170

134

180

99

86

115

109

95

84

81

58

98

47

Acquisition of SodaStream, net of cash and cash equivalents acquired

1,939

1,197

0

0

-

-

-

-

2,428

-

-

-

-

Acquisition of manufacturing and distribution rights from DPSG

-

-

-

-

-

-

-

-

-

900

-

-

-

Investment in WBD

-

-

-

-

-

-

-

-

164

463

-

-

-

Cash payments related to the transaction with Tingyi

-

-

-

-

-

-

-

306

0

0

-

-

-

Proceeds from finance assets

-

-

-

-

-

-

-

-

-

-

-

-

-27

Acquisitions and investments in noncontrolled affiliates

778

299

61

212

86

88

109

121

601

83

500

1,925

1,320

Reduction of cash due to Venezuela deconsolidation

-

-

-

-

568

0

0

-

-

-

-

-

-

Cash restricted for pending acquisitions

-

-

-

-

-

-

-

-

-

-

-15

40

0

More than three months - maturities

-

-

-

-

-

3,891

0

0

21

29

71

62

113

Divestitures

253

505

267

85

76

203

130

-32

780

12

99

6

0

Cash proceeds from sale of PBG and PAS stock

-

-

-

-

-

-

-

-

-

-

-

358

315

Short-term investments, by original maturity:
More than three months - purchases

0

5,637

18,385

12,504

4,428

6,305

-

-

-

12

29

156

83

More than three months - maturities

16

12,824

15,744

8,399

4,111

-

0

0

-

-

-

-

-

More than three months - sales

62

1,498

790

0

0

-

-

-

-

-

-

-

-

Short-term investments, by original maturity - three months or less, net

-19

-16

-2

-16

-3

-116

-61

-61

-45

-

-

-1,376

413

Other investing, net

8

-2

-29

-7

5

10

21

-12

16

17

-

-

-

Net Cash Provided by (Used in) Investing Activities

-6,437

4,564

-4,403

-7,150

-3,569

-4,937

-2,625

-3,005

-5,618

-7,668

-2,401

-2,667

-3,744

Financing Activities
Proceeds from Issuance of Long-term Debt

4,621

0

7,509

7,818

8,702

3,855

4,195

5,999

3,000

6,451

1,057

3,719

2,168

Payments of long-term debt

3,970

4,007

4,406

3,105

4,095

2,189

3,894

2,449

1,596

59

226

649

579

Cash tender and exchange offers/debt redemptions

1,007

1,589

0

2,504

0

0

-

-

-

-

-

-

-

Debt repurchase

-

-

-

-

-

-

-

-

771

500

-

-

-

Short-term borrowings, by original maturity
More than three months - proceeds

6

3

91

59

15

50

23

549

523

227

26

89

83

More than three months - payments

2

17

128

27

43

10

492

248

559

96

81

269

133

Three months or less, net

-3

-1,352

-1,016

1,505

53

-2,037

1,634

-1,762

339

2,351

-963

625

-345

Cash dividends paid

5,304

4,930

4,472

4,227

4,040

3,730

3,434

3,305

3,157

2,978

2,732

2,541

2,204

Share repurchases - common

3,000

2,000

2,000

3,000

5,000

5,012

3,001

3,219

2,489

4,978

-

4,720

4,300

Share repurchases - preferred

0

2

5

7

5

10

7

7

7

5

7

6

12

Proceeds from exercises of stock options

329

281

462

465

504

755

1,123

1,122

945

1,038

413

620

1,108

Withholding tax payments on RSUs and PSUs converted

114

103

145

130

151

-

-

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

114

117

124

70

107

42

-107

208

Acquisition of noncontrolling interests

-

-

-

-

-

-

20

68

1,406

159

-

-

-

Other financing

-45

-53

-76

-58

-52

-50

-33

-42

-27

-13

-26

-

0

Net Cash Provided by/(Used for) Financing Activities

-8,489

-13,769

-4,186

-3,211

-4,112

-8,264

-3,789

-3,306

-5,135

1,386

-2,497

-3,025

-4,006

Effect of exchange rate changes on cash and cash equivalents and restricted cash

78

-98

47

-252

-221

-546

-196

62

-67

-166

-19

-153

75

Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease)

-5,199

112

1,488

50

2,962

-3,241

3,078

2,230

-1,876

2,000

1,879

1,154

-741