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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

“FINAL REPORT”
Of

PEPSICO INTERNATIONAL
On

(FINANCIAL MANAGEMENT)

SUBMITTED BY:

ADIL AZHAR QURESHI 07-ARID-660


GHAFRAN ABBAS 07-ARID-673
SADIA NAZ 07-ARID-699
ADEEBA ALI SHAN 07-ARID-659

SUBMITTED TO:

MISS FAKHERA MUSHTAQ

“A partial fulfillment for completion of FINANCIAL MANAGEMENT


course”

“University Institute Of Information Technology”

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

“Pir Meher Ali Shah Arid Agriculture University Rawalpindi”


JANUARY 2010

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

ABSTRACT

The organization that they had selected for the fulfillment of the
project is named as PEPSICO INTERNATIONAL, which is a multi-
national company and is the well known all over the globe. The
purpose for selecting this organization was to bring the financial
status, trend and some important highlights in front of the colleagues
and fellows keeping in mind that the organization is really famous
and is known by all of us. So, here’s the final session for the financial
information for the organization in the form of analysis, which will
clear the elaboration about the company in a very delicate way, as
there are three kinds of namely Ratio Analysis, Index Analysis and the
Common Size Analysis. They have tried the hard work to deliver all
the possible information about the organization and this hard work
would be in vain if they had not the guidance of the Financial
Management Supervisor, Miss Fakhera Mushtaq.

Adil Azhar
Ghafran Abbas
Sadia Naz
Adeeba Ali

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

TABLE OF CONTENTS:

PROGRESS OF PEPSICO……………………………………………………….6

MISSION AND VISION OF PEPSICO……………………………………….7

PEPSI COLA BRANDS………………………………………………………….8

FINANCIAL STATEMENT ANALYSIS OF PEPSICO……………………...9

SEPERATED YEAR CALCULATIONS……………………………………….11

RATIO ANALYSIS………………………………………………………………14

COMMON SIZE ANALYSIS…………………………………………………...20

INDEX ANALYSIS………………………………………………………………23

SUMMARY……………………………………………………………………….26

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

PROGRESS OF PEPSICO INTERNATIONAL:

• Accelerated the growth of portfolio of healthful products


• PepsiCo named to the Dow Jones Index for the third straight year
• Expanded the portfolio of healthful products through innovation
• Launched the food industry's first Carbon Reduction Label with
the Carbon Trust on Walkers Crisps
• Improved water intensity ratio across all of the operations
• Committed more than $16 million to organizations working to
bring safe water to developing countries
• Incorporated consideration of environmental sustainability issues
and opportunities as part of every capital expenditure evaluation
for projects greater
• Signed CEO Water Mandate
• Conserved nearly 5 billion liters of water and nearly 500 million
kilowatt these of energy worldwide in 2007 as compared to 2006
• Set corporation-wide goals to reduce water consumption by 20%
per unit of production by the year 2015
• Authored with industry the "Global Commitment to Action on the
Global Strategy on Diet, Physical Activity and Health", a
commitment addressed to the World Health Organization
• Launched the global sustainable packaging policy
• Improved significantly the water, fuels, and electricity efficiency
• Reduced PET bottles, paperboard, and corrugated materials by
more than 20 million pounds
• Introduced the Supplier Code of Conduct
• Joined Supplier Ethical Data Exchange (SedEx)
• Increased spending on women and minority owned businesses
• Translated the Human Rights Workplace Policy into 20 languages
• Instituted global guidelines for beverages limiting advertising
and marketing to children under 12
Incorporated consideration of environmental sustainability issues
and opportunities as part of every capital expenditure evaluation
for projects greater than $5 million
• Saved nearly 1.5 billion gallons of water worldwide in 2007
compared to 2006
• Continued reuse of water from processing, working with local
communities to provide access to clean water, and supporting
farmers to deliver "more crop per drop"
• Offset the total purchased electricity used by all PepsiCo US-
based facilities by purchasing renewable energy credits
• Honored by the U.S. Environmental Protection Agency (EPA) with
2007 and 2008 Energy Star Partner of the Year awards for energy
conservation

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

MISSION AND VISION:

Mission
Their mission is to be the world's premier consumer Products Company
focused on convenient foods and beverages. They seek to produce
financial rewards to investors as they provide opportunities for growth
and enrichment to their employees, their business partners and the
communities in which they operate. And in everything they do, they
strive for honesty, fairness and integrity.

Vision

"PepsiCo's responsibility is to continually improve all aspects of the


world in which they operate - environment, social, economic - creating
a better tomorrow than today."

Their vision is put into action through programs and a focus on


environmental stewardship, activities to benefit society, and a
commitment to build shareholder value by making PepsiCo a truly
sustainable company.

Performance with Purpose


At PepsiCo, they're committed to achieving business and financial
success while leaving a positive imprint on society - delivering what
they call Performance with Purpose.

Their approach to superior financial performance is straightforward -


drive shareholder value. By addressing social and environmental
issues, they also deliver on their purpose agenda, which consists of
human, environmental, and talent sustainability.

PEPSI COLA BRANDS:

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Pepsi has been bringing fun and refreshment to consumers for over
100 years. Learn more about their flagship brand and the broad
spectrum of beverages it offers worldwide.

Pepsi-Cola North America is the refreshment beverage unit of PepsiCo,


Inc., in the United States and Canada. Its U.S. brands include Pepsi,
Mountain Dew, Aquafina, Sierra Mist, IZZE, SoBe, Mug, Tropicana
Twister Soda, Tropicana Juice Drinks, Dole and Ocean Spray single-
serve juices. The company also makes and markets North America's
best-selling ready-to-drink iced teas and coffees, respectively, via joint
ventures with Lipton and Starbucks.

From its humble beginnings over a century ago, Pepsi-Cola has grown
to become one of the best-known, most-loved products throughout the
world. Today, the company continues to innovate, creating new
products, new flavors and new packages in varying shapes and sizes to
meet the growing demand for convenience and healthier choices.
Pepsi is constantly on the lookout for ways to ensure their consumers
get the products they want, when they want them and where they
want them.

Different Products:
• Vanilla Pepsi (2002)
• Tropicana (1998)
• Gatorade (2001)
• Aquafina (1993)
• Cherry Pepsi (1989)
• 7-Up (1986)
• Diet Pepsi (1964)

Competitors:
• Coca-Cola is the major competitor of PEPSICO.
A perfect match of products:

PEPSI Coca-Cola
• Vanilla Pepsi (2002) Vanilla Coke (2002
• Tropicana (1998) Minute Maid (1960)
• Gatorade (2001) PowerAde (2001)
• Aquafina (1993) Dasani (1999)
• Cherry Pepsi (1989) Cherry coke (1985)
• 7-Up (1986) Sprite (1960)
• Diet Pepsi (1964) Diet coke (1982)
FINANCIAL STATEMENT ANALYSIS OF PEPSICO
INTERNATIONAL:

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

(A number of different approaches might be used in analyzing a firm. Hence following


are the analyses that are applied on our selected firm to get the full financial results
of PEPSICO INTERNATIONAL).

1) Ratio Analysis
i. Liquidity Ratios
 Current Ratio
 Quick Test
 Inventory to Net Working Capital
 Cash Ratio

ii. Profitability Ratios


 Net Profit Margin
 Gross Profit Margin
 Return on Investment
 Return of Equity
 Earnings per Share

iii. Activity Ratios


 Inventory Turnover
 Networking Capital
 Asset Turnover
 Fixed Asset Turnover
 Average Collection Period
 Accounts Receivable Turnover

iv. Leverage Ratios


 Debt to Asset Ratio
 Debt to Equity Ratio
 Long Term Debt to Capitalization Ratio
 Coverage of fixed Charges
 Current Liabilities to Equity
 Fixed Asset Earning
 Total debt to Asset

v.
Coverage Ratios
 Interest Coverage
 Days of inventory
2) Common Size Analysis
3) Index Analysis

SEPERATED YEAR CALCULATIONS:

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Calculation For Year 2008


Ratio Formula Result
1 Current Ratio C.A / C.L 10806 8787 1.22977
2 Quick Test Q.A / C.A 6747 8787 0.76784
Inventory to
Networking
3 Capital Inventory / C.A – C.L 2522 10806 8787 1.24913
4 Cash Ratio Cash + Cash Equ. / C.L 2064 8787 0.23489
Net Profit After Tax /
5 Net Profit Margin Net Sales 5142 43251 0.11889
Gross Profit Sales - COGS / Net
6 Margin Sales 43251 20351 43251 0.52947
Return on Net Profit After Tax /
7 Investment L.T.L + Equity 5142 35994 0.14286
Inventory
8 Turnover Ratio Net Sales / Inventory 20351 2522 8.06939
Net Profit After Tax –
Preferred Stock
9 Earning Per Share Dividend 5142 41 5101
10 Days of Inventory Inventory / COGS * 365 2522 20351 365 45.23267
Networking Net Sales / Networking
11 Capital Turnover Capital (C.A-C.L) 20251 2019 10.03021
12 Asset Turnover Net Sales / T.A 20351 35994 0.56540
Fixed Asset
13 Turnover Net Sales / F.A 20351 25188 0.80796
Average Collection
14 Period A.R * 365 / Net Sales 4683 365 43251 39.52036
Account
Receivable Annual Credit Sales /
15 Turnover A.R 20351 4683 4.34572
16 A.P Period
Debt to Asset
17 Ratio T.D / T.A 7858 35994 0.21831
Debt to Equity T.D / Shareholder
18 Ration Equity 7858 12106 0.64910
L.T.D to Capital L.T.D / Shareholder
19 Structure Equity 7858 12106 0.64910
EBIT+interest
Time Interest charges/interest
20 Earned charges
C.L / Shareholder
21 C.L to Equity Ratio Equity 8787 12106 0.72584
L.T.D to
Capitalization
22 Ratio L.T.D / L.T.D + Equity 28136 16645 1.69036
Fixed Asset
23 Financing L.T.L / Net Fixed Asset 28136 25188 1.11704
24 T.D to Asset T.L / T.A 23888 35994
11
0.66367
Interest Coverage
25 Ratio EBIT / Interest Charges 6692 329 20.34043
PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Calculation For Year 2007


Ratio Formula Result
1 Current Ratio C.A / C.L 10151 7753 1.30930
2 Quick Test Q.A / C.A 5299 7753 0.68348
Inventory to
Networking
3 Capital Inventory / C.A – C.L 2290 10151 7753 0.95496
4 Cash Ratio Cash + Cash Equ. / C.L 910 7753 0.11737
Net Profit After Tax /
5 Net Profit Margin Net Sales 5658 39474 0.14333
Gross Profit Sales – COGS / Net
6 Margin Sales 39474 18038 39474 0.54304
Return on Net Profit After Tax /
7 Investment L.T.L + Equity 5658 35994 < 0.15719
Inventory
8 Turnover Ration Net Sales / Inventory 39474 2296 17.19251
Net Profit After Tax –
Earnings per Preferred Stock
9 share Dividend
Days of
10 Inventory Inventory / COGS * 365 2296 18038 365 46.45970
Networking Net Sales / Networking
11 Capital Turnover Capital (C.A-C.L) 39474 2398 16.46122
12 Asset Turnover Net Sales / T.A 39474 34628 1.13994
Fixed Asset
13 Turnover Net Sales / F.A 39474 24477 1.61270
Average
14 Collection Period A.R * 365 / Net Sales 4389 365 39474 40.58330
Account
Receivable Annual Credit Sales /
15 Turnover A.R 39474 4389 8.99385
16 A.P Period
Debt to Asset
17 Ratio T.D / T.A 4203 34628 0.12138
Debt to Equity
18 Ration T.D / Shareholder Equity 4203 7878 0.53351
L.T.D to Capital L.T.D / Shareholder
19 Structure Equity 4203 7878 0.53351
EBIT+interest
Time Interest charges/interest
20 Earned charges
C.L to Equity
21 Ratio C.L / Shareholder Equity 7753 7878 0.98413
L.T.D to
Capitalization
22 Ratio L.T.D / L.T.D + Equity 4203 38831 0.10824
Fixed Asset
23 Financing L.T.L / Net Fixed Asset 17394 24477 0.71063
24 T.D to Asset T.L / T.A 7753 36628
13
0.21167
Interest
25 Coverage Ratio EBIT / Interest Charges 7631 224 < 34.06696
PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Calculation For Year 2006


Ratio Formula Result
1 Current Ratio C.A / C.L 5130 6860 0.74781
2 Quick Test Q.A / C.A 5376 6860 0.78367
Inventory to
Networking
3 Capital Inventory / C.A - C.L 1926 2270 8787 -0.29553
4 Cash Ratio Cash + Cash Equ. / C.A 1651 6860 0.24067
Net Profit After Tax / Net
5 Net Profit Margin Sales 5642 35137 0.16057
Gross Profit
6 Margin Sales - COGS / Net Sales 35137 15762 35137 0.55141
Return on Net Profit After Tax /
7 Investment L.T.L + Equity 5642 35994 < 0.15675
Inventory
8 Turnover Ration Net Sales / Inventory 35137 1926 18.24351
Net Profit After Tax –
9 Preferred Stock Dividend
Days of
10 Inventory Inventory / COGS * 365 1926 15762 365 44.60030
Networking Net Sales / Networking
11 Capital Turnover Capital (C.A-C.L) 35137 2270 15.47885
12 Asset Turnover Net Sales / T.A 35137 29930 1.17397
Fixed Asset
13 Turnover Net Sales / F.A 35137 20800 1.68928
Average
14 Collection Period A.R * 365 / Net Sales 3725 365 35137 38.69497
Account
Receivable
15 Turnover Annual Credit Sales / A.R 35137 3725 9.43275
16 A.P Period
Debt to Asset
17 Ratio T.D / T.A 2550 29930 0.08520
Debt to Equity
18 Ration T.D / Shareholder Equity 2550 15368 0.16593
L.T.D to Capital L.T.D / Shareholder
19 Structure Equity 2550 15368 0.16593
Time Interest
20 Earned
C.L to Equity
21 Ratio C.L / Shareholder Equity 6860 15368 0.44638
L.T.D to
Capitalization
22 Ratio L.T.D / L.T.D + Equity 2550 17918 0.14231

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Fixed Asset
23 Financing L.T.L / Net Fixed Asset 20800 <
24 T.D to Asset T.L / T.A 14556 29930 0.48633
Interest
25 Coverage Ratio EBIT / Interest Charges 6989 239 ? 29.24268

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

PEPSICO INTERNATIONAL RATIO ANALYSIS:

1. LIQUIDITY RATIOS ANALYSIS:

LIQUIDITY 2006 2007 2008 Conclusion Recommendation

Current Current ratio is The current assets


Ratio 0.747 1.309 1.229 almost constant should be increased
81 30 77 during the year 07 to occupy the
and 08. current liabilities
Quick The quick test ratio Hence no change, so
Test is almost stability has to be
constant. The maintained
0.783 0.783 0.767 reason may be
67 67 84 equal or close
number of quick
assets during these
years.
Inventor The inventory to Inventory should be
y to Net net working capital managed for the
ratio of 2008 is next coming year
Working 0.295 0.954 1.249 highest because 2009
Capital 53 96 13 the inventory is
larger and the
assets are less than
the assets of 2006.
Cash The cash ratio is The cash and cash
Ratio nearly equals to equivalents should
zero because the be increased
0.240 0.117 0.234 firm hadn’t so
67 37 89 much cash to pay
off liabilities.

1.4
1.2 Current Ratio
1
0.8 Quick Test

0.6
Inventory to Net
0.4 Working Capital
0.2 Cash Ratio

0
2006 2007 2008
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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

2. PROFITABILITY RATIOS ANALYSIS:


PROFITABILIT 2006 2007 2008 Conclusion Recommendation
Y
Net Profit 0.160 0.143 0.118 The net profit Profit margin
Margin 57 33 89 margin in 2008 is should be
less than the increased by
ACTIVITY 2006 2007 2008 other two. increasing the net
18.24 17.19 8.069 profit and
Inventory decreasing
Turnover 351 251 39
expenses
Gross 0.551 0.543 0.529 The Gross profit Hence no change,
Profit 41 04 47 margin is almost so stability has to
Networkin 15.47 16.46 15.47
Margin
g Capital 885 122 885 constant among be maintained
the three years.
Gross profit
margins
Asset 1.173 1.139 0.565 improved,
Turnover 97 94 40 reflecting the
shift to higher
value businesses,
Fixedon 1.689
Return 0.156 1.612
0.157 0.807 The ratio return
0.142 Hence no change,
Asset
Investment 28
75 70
19 96
86 on investment is so stability has to
almost constant be maintained
Turnover among the three
years.
Earnings
Average 38.69 40.58 39.52 The earning Earnings per share
per Share
Collection 497 330 036 power is more in should be increased
2008 as compare in the similar way by
Period to 2006 and generating better
2007. The firm sales and net profit
.32 .36 .45
Accounts 9.432 8.993 4.345 has earned profit as a result
75 85 72 more then the
Receivabl previous two
e years
Turnover
6

4 Net Profit M argin


Gross Profit M argin
3
Return on Investment
2 Return of Equity
Earnings per Share
1

0
2006 2007 2008

3.ACTIVITY RATIOS ANALYSIS:

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

4.LEVERAGE RATIOS ANALYSIS:

5.COVERAGE RATIOS ANALYSIS:


LEVERAGE 2006 2007 2008 Conclusion Recommendation

Debt to The ratio is


Asset Ratio less than one
0.085 0.121 0.218 Assets should be
20 38 31 maintained in the
same sequence

Debt to Debt to equity Should maintain the


Equity ratio is almost stability
0.165 0.533 0.649 constant
Ratio 93 51 10 during these
years.
Long Term Debt to equity Should maintain the
Debt to ratio is almost stability
0.142 0.108 1.690 constant
Capitalizati during the
31 24 36
on Ratio year 2006 and
eight.
LTD to Ratio is almost Should maintain the
capital 0.165 0.533 0.649 constant stability
93 51 10 during these
structure years.
Current Ratio is Equity should be
Liabilities 0.446 0.984 0.725 increased in increased with respect to
38 13 84 2007 equity
to Equity

Fixed Fixed asset in Should follow the same


Asset 2008 is pattern
highest among
Earning 0.710 1.117 the others two.
63 04

Total debt Ratio in 2007 Assets must be


to Asset is less than increased for the coming
0.486 0.211 0.663 ratios in 2006 year
33 67 67 and 2008.

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

COVERAGE 2006 2007 2008 Conclusion Recommendation

Interest There is
Coverage fluctuation in
the coverage
ratio and even
29.24 34.06 20.34 it decreased
268 696 043 up to 20 in Interest coverage
2008. The should be decrease
company to minimum level
failed to keep
it constant .
Days of 44.60 46.45 45.23 Ratio is Should maintain the
inventory 030 970 267 almost stability
constant.

50

40

30 Interest
Coverage
20 Days of
inventory
10

0
2006 2007 2008

PEPSICO INTERNATIONAL COMMON SIZE


ANALYSIS FOR INCOME STATEMENT:

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

INCOME
2006 2007 2008
STATEMENT ITEM
Net Revenue
Cost of sales 44.8 45.69 47.05
Selling, general and 36.19 35.99 36.76
administrative
expenses
Amortization of 0.14 0.14 0.46
intangible assets
Operating Profit 18.5 18.16 16
Bottling equity 1.57 1.4 0.8
income
Interest expense (0.6) (0.5) (0.7)
Interest income 0.4 0.31 0.09
Income before tax 19.8 19.33 16.2
Provision for income 3.8 4.9 4.3
tax
Net income 16.05 14.33 11.8
Net income per
common share
Basic (9.7) (8.8) (7.5)
Diluted (9.5) (8.6) (7.42)

DESCRIPTION:
The common size analysis for income statement shows the firm is in a
better trend.

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

PEPSICO INTERNATIONAL COMMON SIZE


ANALYSIS FOR BALANCE SHEET:

BALANCE SHEET
2006 2007 2008
ITEMS
ASSETS
CURRENT ASSETS
Cash and 5.5 2.6 5.7
cashequivalents
Short term 3.9 4.5 0.59
investments
Accounts and 12.4 12.6 13.01
notes receivable,
net
Inventories 3.09 6.6 7
Prepaid expensis 2.19 2.8 3.6
and other current
assets
Total current 30.5 29.3 30.02
assets
Property ,plant 32.3 32.4 32.4
and equipment,
net
Amotizableintangi 2.12 2.29 2.03
ble assets ,net
Goodwill 15.34 14.92 14.3
Other 4.04 3.6 3.13
nonamortizable
intangible assets
Nonamortizable 19.39 18.5 17.3
Intangible Assets
Investments in 12.32 12.57 10.7
Noncontrolled
Affiliates............

Other Assets 3.2 4.8 7.3


Total Assets
LIABILITIES AND
SHAREHOLDERS’
EQUITY

Current Liabilities
Short-term 0.91 ----- 1.02
obligations

Accounts payable 21.70 21.9 22.98


and other current
liabilities
0.30 0.43 0.40
Income taxes
payable
Total Current 22.92 22.38 24.41

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Liabilities
Long-Term Debt 8.51 12.1 21.8
Obligations

Other Liabilities 15.44 13.8 19.4


Deferred Income 1.76 1.86 0.62
Taxes.
Total liabilities 48.65 50.23 66.36
Commitments and
Preferred Stock, 0.13 0.11 0.11
no par value
(0.4) (0.36) (0.3)
Repurchased
Preferred Stock...
Common
Shareholders’
Equity
Common stock, 0.1 0.08 008
par value 1 2/3¢
per share (issued
1,782 shares)
Capital in excess 1.95 1.29 0.97
of par value...
Retained 82 81.3 85.11
earnings.
Accumulated (7.5) (2.7) (13)
other
comprehensive
loss...
77.3 80.02
Less: repurchased (25) (29) (35)
common stock, at
cost (144 and 126
shares,
respectively)
Total Common 51.6 50 33.90
Shareholders’
Equity
Total Liabilities 100 `100 100
and Shareholders’
Equity

DESCRIPTION:
The common size analysis for balance sheet shows the firm is in a
better trend.

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

PEPSICO INTERNATIONAL INDEX ANALYSIS FOR


INCOME STATEMENT:

INCOME STATEMENT
2006 2007 2008
ITEMS
Net Revenue 100 112.34 123.92
Cost of sales 100 114.4 129.1
Selling, general and 100 111.7 125
administrative expenses
Amortization of 100 35.8 39.5
intangible assets
Operating Profit 100 110.27 106.65
Bottling equity income 100 101.26 67
Interest expense 100 93.72 137.65
Interest income 100 72.54 23.6
Income before tax 100 109.18 100.4
Provision for income tax 100 146.47 139.49
Net income 100 100.2 91.13
Net income per common
share
Basic 100 101.7 95.32
Diluted 100 102.09 96.10

DESCRIPTION:
The index analysis for income statement shows the firm is in a better
trend.

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

PEPSICO INTERNATIONAL INDEX ANALYSIS FOR


BALANCE SHEET:
BALANCE
SHEET 2006 2007 2008
ITEMS
ASSETS
CURRENT ASSETS
Cash and 100 55.1 125
cashequivalents
Short term 100 134.1 18.23
investments
Accounts and notes 100 117.82 125
receivable, net
Inventories 100 118.8 110.3
Prepaid expensis 100 150.3 201
and other current
assets
Total current assets 100 111.18 118.35
Property ,plant and 100 115.90 120.39
equipment, net
Amotizableintangibl 100 124.96 114.91
e assets ,net
Goodwill 100 112.5 111.53
Other 100 102.97 93.06
nonamortizable
intangible assets
Nonamortizable 100 110.52 107.68
Intangible Assets
Investments in 100 117.99 105.23
Noncontrolled
Affiliates............

Other Assets 100 171.63 271.22


Total Assets 100 115.69 120.26
LIABILITIES AND
SHAREHOLDERS’
EQUITY

Current Liabilities
Short-term 100 ----- 172
obligations

Accounts payable 100 117.02 127.3


and other current
liabilities
100 167.7 161.1
Income taxes
payable
Total Current 100 113 128
Liabilities
Long-Term Debt 100 164.8 308.15
Obligations

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

Other Liabilities 100 103.6 151.7


Deferred Income 100 122.34 42.8
Taxes.
Total liabilities 100 119.4 164.04
Commitments and
Contingencies
Preferred Stock, no 100 100 100
par value
100 110 115
Repurchased
Preferred Stock...
Common
Shareholders’
Equity
Common stock, par 100 100 100
value 1 2/3¢ per
share (issued 1,782
shares)
Capital in excess of 100 77 60
par value...
Retained earnings. 100 113.4 123.3
Accumulated other 100 42.3 208
comprehensive
loss...
100 119.42
Less: repurchased 100 133.8 182.0
common stock, at
cost (144 and 126
shares,
respectively)
Total Common 100 112.15 79
Shareholders’
Equity
Total Liabilities and 100 115.69 120.2
Shareholders’
Equity

DESCRIPTION:
The index analysis for balance sheet shows the firm is in a better
trend.

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PEPSICO INTERNATIONAL (Performance with purpose): FINAL REPORT

SUMMARY:

Here is the graphical summary of the analysis of the whole report:

140

120

100
Net Revenue
80 Cost of sales
60 Operating Profit
Income before tax
40 Net income
20

0
2006 2007 2008

70
Total Current Assets
60
50 Total Assets
40
Total Current
30 Liabilities
20 Total Liabilities
10
Total Equity
0
2007 2008 2009

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