Pepsico, inc. (PEP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Aug'17Jun'17Mar'17Dec'16Aug'16May'16Mar'16Dec'15Aug'15May'15Mar'15Dec'14Aug'14May'14Mar'14Dec'13Aug'13May'13Mar'13Dec'12Aug'12Jun'12Mar'12Dec'11Aug'11Jun'11Mar'11Dec'10Aug'10May'10Mar'10Dec'09Aug'09Jun'09Mar'09
Operating Activities
Net income

1,351

1,778

2,110

2,043

1,422

6,867

2,509

1,830

1,353

-695

2,156

2,118

1,329

1,417

2,004

2,013

945

1,733

543

1,994

1,231

1,326

2,018

1,987

1,227

1,754

1,923

2,025

1,085

1,667

1,913

1,501

1,133

1,402

2,011

1,905

1,144

1,361

1,930

1,613

1,434

1,437

1,733

1,668

1,141

Depreciation and amortization

533

798

578

558

498

763

566

574

496

765

573

554

477

757

567

563

481

772

569

579

496

831

632

630

532

848

630

634

551

852

636

646

555

860

690

664

523

747

611

593

376

552

398

371

314

Share-based compensation expense

61

68

51

61

57

53

57

66

80

86

63

71

72

94

67

54

69

87

64

68

76

90

67

68

72

84

70

72

77

85

68

69

56

104

76

74

72

108

72

72

47

68

51

54

54

Merger and integration charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

2

3

2

155

61

58

55

263

69

155

321

-

-

-

-

Cash payments for merger and integration charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

6

11

26

10

27

20

84

86

90

117

113

63

124

85

-

-

-

-

Restructuring and impairment charges

38

88

98

158

26

229

35

32

12

226

8

34

27

54

27

49

30

117

52

25

36

160

68

92

98

126

7

19

11

86

83

77

33

-

-

-

-

-

-

-

-

0

0

11

25

Cash payments for restructuring charges

60

102

95

101

52

76

53

87

39

30

58

18

7

35

23

37

30

59

42

60

47

97

57

87

25

33

26

44

30

100

103

96

44

30

0

0

1

2

1

2

26

13

23

36

124

Charge related to the transaction with Tingyi

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

373

0

73

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

10

88

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on previously held equity interests in PBG and PAS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

958

-

-

-

-

Asset write-off

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

145

-

-

-

-

Venezuela remeasurement charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

111

-

-

-

0

-

-

-

-

0

0

0

120

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

40

38

28

22

17

47

23

11

47

36

35

36

18

35

14

4

28

24

34

26

18

29

26

8

1

7

Pension and retiree medical plan expenses

40

354

67

51

47

74

54

47

46

80

49

48

44

310

67

64

60

141

111

111

104

299

125

124

119

201

156

157

149

382

143

142

129

182

135

135

119

143

62

135

113

133

98

96

96

Pension and retiree medical plan contributions

234

325

74

57

260

44

91

52

1,521

51

38

52

79

513

27

62

93

40

48

34

83

459

41

71

84

54

28

93

87

612

84

69

1,100

164

69

57

59

384

656

54

640

169

42

46

1,042

Bottling equity income, net of dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

5

4

-46

13

121

95

6

Deferred income taxes and other tax charges and credits

25

258

-26

5

216

78

-442

-216

49

335

154

1

129

167

166

100

19

-108

144

61

-19

-11

-43

-27

62

-992

123

-166

-23

38

198

-35

120

363

278

-48

-98

209

105

313

-127

225

55

6

-2

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

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax Cuts and Jobs Act, Income Tax Expense (Benefit)

0

-

0

0

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

784

-1,066

344

966

406

-1,046

280

857

162

-797

266

605

128

-952

252

700

349

-1,092

244

874

435

-1,239

28

1,196

358

-1,174

174

913

175

-1,050

216

1,013

71

-977

152

1,220

271

-1,019

293

839

155

-647

-30

375

114

Inventories

312

-383

-299

437

435

-188

-275

254

383

-256

-402

313

513

-306

-374

225

530

-330

-288

448

414

-370

-341

416

406

-341

-322

308

351

-378

-409

377

266

-135

-276

665

77

-52

-184

269

-309

-145

-256

245

139

Prepaid expenses and other current assets

263

-177

-72

-46

382

-167

-66

-123

347

-139

-131

-49

299

-151

-61

-53

255

-107

-107

2

262

-98

-134

-82

234

-105

-85

40

201

-172

-113

-1

197

-27

-90

7

137

-158

-125

41

98

144

-141

-79

203

Accounts payable and other current liabilities

-1,419

655

601

686

-1,207

766

676

490

-1,050

697

342

548

-1,386

458

596

588

-661

678

817

886

-689

625

417

933

-813

273

334

978

-578

267

474

767

-960

378

207

963

-1,028

-274

817

561

-616

108

264

-92

-413

Income taxes payable

204

-634

145

82

120

-226

264

232

178

-971

323

138

172

-484

109

386

318

-947

354

354

294

-744

479

461

175

-725

268

299

244

-833

304

342

90

-1,276

87

487

362

-664

450

151

186

-595

245

446

223

Other, net

71

33

193

-3

40

101

-64

-271

-22

-142

-3

-129

-31

205

-19

-44

-72

101

-126

-129

20

9

-69

-72

-137

-50

-29

-236

-34

-21

-13

-51

-115

-288

-119

-198

-83

66

-361

41

122

-599

166

83

69

Net Cash Provided by (Used in) Operating Activities

-749

4,586

3,675

1,733

-345

4,683

3,645

2,396

-1,309

3,943

3,836

2,444

-193

3,839

3,717

2,802

305

4,089

4,014

2,491

270

3,813

4,021

2,491

181

3,026

3,647

2,313

702

3,361

3,871

1,937

-690

3,110

3,481

1,973

380

2,660

3,346

2,201

241

2,393

2,911

1,758

-266

Investing Activities
Capital spending

484

2,273

792

725

442

1,704

633

593

352

1,495

596

561

317

1,474

647

530

389

1,295

631

562

270

1,319

619

566

355

1,298

586

608

303

1,305

508

585

316

1,377

731

798

433

1,583

702

694

274

990

403

437

298

Sales of property, plant and equipment

5

107

21

40

2

15

76

34

9

98

52

18

12

40

12

22

25

23

37

15

11

55

18

35

7

58

21

22

8

37

16

25

17

38

12

22

12

26

18

21

16

25

7

18

8

Acquisition of SodaStream, net of cash and cash equivalents acquired

9

34

25

73

1,807

1,197

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of manufacturing and distribution rights from DPSG

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

900

-

-

-

-

Investment in WBD

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

164

-

-

-

-

-

-

-

-

Acquisitions and investments in noncontrolled affiliates

445

55

179

488

56

46

65

152

36

16

5

4

36

196

12

4

0

62

8

7

9

7

50

7

24

27

23

29

30

45

27

17

32

441

99

33

28

47

2

19

15

200

180

93

27

More than three months - maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

4

4

6

8

6

7

8

16

21

16

18

Divestitures

-

-

-

-

-

211

14

238

42

124

0

102

41

9

1

20

55

1

1

6

68

17

63

38

85

-44

0

174

0

-39

-7

5

9

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

0

93

2,128

3,416

6,643

4,957

3,349

3,436

5,420

2,480

2,048

2,556

2,037

716

1,028

647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

2

2

4

0

6

0

23

More than three months - maturities

-

-

-

-

-

950

2,458

4,807

4,609

5,344

3,691

2,843

3,866

2,920

1,693

2,340

1,446

1,106

736

1,105

1,164

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

More than three months - sales

-

-

-

-

-

726

12

227

533

445

103

104

138

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-7

-6

-5

1

-9

-9

-2

2

-7

2

-4

0

0

-4

-2

-3

-7

-3

-1

4

-3

1

1

-59

-59

-69

4

44

-40

-82

62

11

-52

-93

38

67

-57

-

7

40

6

-

2

6

-12

Other investing, net

-1

-30

32

0

6

-2

0

0

0

-20

-1

-7

-1

2

-8

-1

0

-

-

-

-

13

2

0

-5

8

0

13

0

-1

2

0

-13

13

1

1

1

5

2

7

3

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-925

-2,152

-1,014

-971

-2,300

-1,034

1,771

2,431

1,396

-2,125

-1,707

-840

269

-4,119

-1,423

-196

-1,412

-2,263

-1,148

-478

320

1,741

-2,516

-3,939

-223

-1,247

-592

-501

-285

-1,277

-590

-881

-257

-923

-843

-873

-2,979

-2,224

-699

-734

-4,011

-1,156

-449

-486

-310

Financing Activities
Proceeds from Issuance of Long-term Debt

6,429

1,523

1,976

0

1,122

0

0

0

0

-

-

-

-

4,463

823

0

2,532

2,983

3,232

2,487

0

491

0

1,374

1,990

10

1,694

0

2,491

792

2,474

0

2,733

0

1,246

1,745

9

2,236

-1

0

4,216

0

4

9

1,044

Payments of long-term debt

1

1,016

1

1,102

1,851

1,501

4

2,502

0

1,150

2,253

251

752

20

2

1,832

1,251

29

2,012

2

2,052

3

531

3

1,652

940

1,009

755

1,190

1,092

323

1,025

9

0

1,311

275

10

-14

47

19

7

38

37

112

39

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

164

0

0

4

2

1

2

0

0

14

26

23

28

2

22

35

0

2

1

2

10

18

31

1

0

21

-4

1

5

496

0

40

13

299

44

159

21

172

24

10

21

-6

-1

21

12

More than three months - payments

2

2

0

0

0

0

0

16

1

37

34

57

0

15

1

2

9

12

26

3

2

0

1

9

0

16

-5

17

464

35

24

82

107

285

122

88

64

69

8

16

3

17

0

19

45

Three months or less, net

2,794

-97

-558

537

115

32

-5,475

-200

4,291

-2,542

1,698

-2,568

2,396

-519

-771

2,315

480

-1,378

-809

-1,489

3,729

-4,154

561

-569

2,125

972

-566

922

306

272

-2,496

2,158

-1,696

233

396

-1,450

1,160

-1,000

22

2,319

1,010

2

-769

-558

362

Cash dividends paid

1,349

1,333

1,336

1,303

1,332

1,309

1,316

1,145

1,160

1,148

1,149

1,077

1,098

1,083

1,084

1,022

1,038

1,032

1,035

995

978

985

993

864

888

876

881

846

831

835

844

810

816

808

819

761

769

760

767

739

712

700

701

662

669

Share repurchases - common

573

732

542

786

940

558

458

491

493

536

522

498

444

921

750

710

619

1,801

1,069

1,006

1,124

1,805

1,008

950

1,249

960

1,013

402

626

891

1,122

1,064

142

560

1,183

385

361

560

1,110

2,573

735

-

-

-

-

Share repurchases - preferred

-

-

-

-

-

0

0

0

2

1

2

1

1

4

1

0

2

2

1

1

1

3

4

1

2

2

1

2

2

2

2

2

1

2

1

2

2

2

1

1

1

3

1

2

1

Proceeds from exercises of stock options

78

47

72

107

103

66

70

20

125

66

80

71

245

50

122

128

165

177

77

79

171

194

180

210

171

132

168

374

449

195

431

222

274

221

72

434

218

338

236

197

267

226

70

26

91

Withholding tax payments on RSUs and PSUs converted

76

14

0

7

93

10

11

6

76

14

9

6

116

16

12

3

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

40

38

28

22

17

47

23

11

47

36

35

36

18

35

14

4

28

24

34

26

18

29

26

8

1

7

Acquisition of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

159

-

-

-

-

Other financing

-2

-29

-1

-13

-2

-30

-21

0

-2

-47

-28

0

-1

-29

-25

-2

-2

-26

-24

-1

-1

-18

-29

-3

0

-18

-12

-2

-1

-24

1

-18

-1

-

-

-

-

-7

0

-1

-5

-

-

-

-

Net Cash Provided by/(Used for) Financing Activities

7,462

-2,660

-390

-2,563

-2,876

-4,898

-7,213

-4,340

2,682

-1,411

-2,193

-839

257

-596

-1,679

-1,093

157

-1,354

-1,659

-889

-210

-6,237

-1,772

-797

542

-1,654

-1,608

-700

173

-1,142

-1,872

-575

283

-992

-2,444

-1,925

226

-104

-1,626

-805

3,921

-510

-1,453

-1,296

762

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

-66

89

-35

-33

57

-25

-54

-68

49

-29

40

-7

43

-234

-5

9

-22

-74

-71

28

-104

-465

-58

13

-36

46

-36

-34

-172

46

37

-103

82

-211

-24

76

92

34

27

-82

-145

-38

31

50

-62

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

5,722

-137

2,236

-1,834

-5,464

-1,274

-1,851

419

2,818

378

-24

758

376

-1,110

610

1,522

-972

398

1,136

1,152

276

-1,148

-325

-2,232

464

171

1,411

1,078

418

988

1,446

378

-582

984

170

-749

-2,281

366

1,048

580

6

689

1,040

26

124

Right-of-Use Asset Obtained in Exchange for Operating Lease Liability

148

-

-

-

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-