Stock Analysis on Net
Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

Common-Size Income Statement

PepsiCo Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Net revenue 100.00 100.00 100.00 100.00 100.00
Cost of sales -45.79 -46.97 -46.65 -45.18 -44.87
Gross profit 54.21% 53.03% 53.35% 54.82% 55.13%
Selling, general and administrative expenses -40.10 -39.89 -39.30 -40.49 -39.81
Gain associated with the Juice Transaction 0.00 3.84 0.00 0.00 0.00
Impairment of intangible assets -1.01 -3.66 0.00 0.00 0.00
Operating profit 13.10% 13.33% 14.04% 14.32% 15.32%
Other pension and retiree medical benefits income (expense) 0.27 0.15 0.66 0.17 -0.07
Interest expense -1.57 -1.30 -2.50 -1.78 -1.69
Interest income and other 0.68 0.21 0.16 0.18 0.30
Net interest expense and other -0.90% -1.09% -2.34% -1.60% -1.39%
Income before income taxes 12.48% 12.39% 12.36% 12.89% 13.87%
Provision for income taxes -2.47 -2.00 -2.70 -2.69 -2.92
Net income 10.01% 10.39% 9.66% 10.20% 10.95%
Net income attributable to noncontrolling interests -0.09 -0.08 -0.08 -0.08 -0.06
Net income attributable to PepsiCo 9.92% 10.31% 9.59% 10.12% 10.89%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. PepsiCo Inc. operating profit as a percentage of net revenue decreased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. PepsiCo Inc. income before income taxes as a percentage of net revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to PepsiCo The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. PepsiCo Inc. net income attributable to PepsiCo as a percentage of net revenue increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.