Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

PepsiCo Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Net revenue	91,854)	91,471)	86,392)	79,474)	70,372)
Cost of sales	(41,744)	(41,881)	(40,576)	(37,075)	(31,797)
Gross profit	50,110)	49,590)	45,816)	42,399)	38,575)
Selling, general and administrative expenses	(37,190)	(36,677)	(34,459)	(31,237)	(28,495)
Gain associated with the Juice Transaction	—)	—)	3,321)	—)	—)
Impairment of intangible assets	(33)	(927)	(3,166)	—)	—)
Operating profit	12,887)	11,986)	11,512)	11,162)	10,080)
Other pension and retiree medical benefits income (expense)	(22)	250)	132)	522)	117)
Interest expense	(1,606)	(1,437)	(1,119)	(1,988)	(1,252)
Interest income and other	687)	618)	180)	125)	124)
Net interest expense and other	(919)	(819)	(939)	(1,863)	(1,128)
Income before income taxes	11,946)	11,417)	10,705)	9,821)	9,069)
Provision for income taxes	(2,320)	(2,262)	(1,727)	(2,142)	(1,894)
Net income	9,626)	9,155)	8,978)	7,679)	7,175)
Net income attributable to noncontrolling interests	(48)	(81)	(68)	(61)	(55)
Net income attributable to PepsiCo	9,578)	9,074)	8,910)	7,618)	7,120)

Based on: 10-K (reporting date: 2024-12-28), 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).

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	PepsiCo Inc. net revenue increased from 2022 to 2023 and from 2023 to 2024.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	PepsiCo Inc. operating profit increased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.

PepsiCo Inc. (NASDAQ:PEP)

Income Statement