Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Paying user area
Try for free
PepsiCo Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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 $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
PepsiCo Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-06), 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).
The financial data reveals several notable trends over the observed periods concerning liquidity, working capital components, fixed assets, and intangible assets.
- Liquidity and current assets
-
Cash and cash equivalents display considerable fluctuation, with a general pattern of decline from early 2020 through mid-2023, followed by a substantial recovery peaking around the first quarter of 2024, before moderating in subsequent quarters. Short-term investments remain relatively low and show minor volatility, generally under US$1 billion, signaling limited use of this asset class for liquidity management.
Accounts and notes receivable demonstrate an overall growth trend, increasing from approximately US$8.5 billion in Q1 2020 to well over US$12 billion by late 2025, suggesting growing credit sales or longer receivable collection periods. Inventories—including raw materials, work-in-process, and finished goods—show a rising trend from about US$3.6 billion to over US$6 billion. Finished goods make up the largest portion and generally increase steadily, indicating possible inventory buildup or slower sales in some periods. Prepaid expenses and other current assets fluctuate but tend to increase, reflecting possible shifts in advance payments or short-term asset composition.
Current assets overall maintain relative stability with minor ups and downs, seeing a peak near US$28.7 billion in late 2025 compared to approximately US$24 billion in early 2020. This suggests modest growth in liquidity and short-term resources over the timeframe.
- Property, Plant, and Equipment (PPE)
-
Gross PPE demonstrates a steady upward trajectory, increasing from roughly US$42.7 billion to nearly US$59.3 billion over the period. This implies ongoing investment in fixed assets. Accumulated depreciation also grows consistently in magnitude, reflecting asset aging and amortization, reaching over US$30 billion by the end of the period.
Net PPE remains relatively stable but shows an upward trend overall, increasing from about US$19 billion to nearly US$29 billion, suggesting substantial capital expenditures outpacing depreciation in the long run and an expanding asset base.
- Intangible Assets and Goodwill
-
Intangible assets display a slightly decreasing trend, moving down from approximately US$31.4 billion to around US$33.7 billion, reflecting amortization and potential impairment. Goodwill fluctuates moderately but trends downward from a peak in mid-2020 of approximately US$18.8 billion to around US$18.8 billion again by late 2025, indicating stable acquisition-related intangible values with minor adjustments.
Other indefinite-lived intangible assets decrease gradually over time, indicating amortization or write-offs.
- Other assets and noncurrent assets
-
Other assets show consistent growth, increasing from about US$3.3 billion to more than US$8.6 billion, which may reflect expanded investments or deferred charges. Total noncurrent assets remain stable around US$60–77 billion, evidencing the company’s maintained long-term investment strategy with slight growth over time.
- Total Assets
-
Total assets remain relatively consistent, fluctuating around US$85–107 billion. After an increase from 2020 to late 2025, the asset base shows moderate growth, reflecting incremental additions to both current and noncurrent asset categories with some adjustment periods likely related to business cycles or asset revaluations.
In summary, the company demonstrates stable yet modest growth in its asset base, supported by ongoing capital investments and increased receivables and inventories. Liquidity positions fluctuate but generally recover to levels near or above early period benchmarks. The intangible asset base experiences gradual reduction consistent with amortization policies. Overall, the trends suggest continued operational scale changes, asset management adjustments, and investments aligned with long-term strategic objectives.