Appendix D Specimen Financial Statements: PepsiCo, Inc. PepsiCo, Inc. is a leading global food and beverage company with a complementary portfolio of enjoyable brands, including FritovLay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. Through its operations, authorized bottlers, contract manufacturers, and other third parties, PepsiCo makes, markets, distributes, and sells a wide variety of convenient and enjoyable beverages, foods, and snacks, serving customers and consumers in more than 200 countries and territories. The following are PepsiCo's nancial statements as presented in its 2020 10-K report. The complete report, including notes to the nancial statements, is available at the company's website. Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2020, December 28, 2019 and December 29, 2018 (in millions except per share amounts) 2020 2019 2018 Net Revenue $ 70,372 $67,161 $64,661 Cost of sales 31,797 30,132 29,381 Gross prot 38,575 37,029 35,280 Selling, general and administrative expenses 28,495 26,738 25,170 Operating Prot 10,080 10,291 10,110 Other pension and retiree medical benets income/ (expense) 1 17 (44) 298 Net interest expense and other (1,128) (935) (1,219) Income before income taxes 9,069 9,312 9,189 Provision for/ (benet from) income taxes (See Note 5) 1,894 1,959 (3,370) Net income 7,175 7,353 12,559 Less: Net income attributable to noncontrolling interests 55 39 44 Net Income Attributable to PepsiCo $7,120 15 7,314 31 12,515 Net Income Attributable to PepsiCo per Common Share Basic $ 5.14 355.23 is 8.84 Diluted $ 5.12 35 5.20 $8.78 Weighted-average common shares outstanding Basic 1,385 1,399 1,415 Diluted l ,392 1,407 1,425 Consolidated Statement of Comprehensive Income PepsiCo, Inc. and Subsidiaries Consolidated Statement of Comprehensive Income PepsiCo, Inc and Subsidiaries Fiscal years ended December 26, 2020, December 28, 2019 and December 29, 2018 (in millions) Net income Other comprehensive (loss)/ income, net of taxes: Net currency translation adjustment Net change on cash ow hedges Net pension and retiree medical adjustments Other Comprehensive income Less: Comprehensive income attributable to noncontrolling interests Comprehensive Income Attributable to PepsiCo Consolidated Statement of Cash Flows PepsiCo, Inc and Subsidiaries Fiscal years ended December 26, 2020, December 28, 2019 and December 29, 2018 (in millions) Operating Activities Net income Depreciation and amortization Share-based compensation expense Restructuring and impairment charges Cash payments for restructuring charges Inventory fair value adjustments and merger and integration charges Cash payments for merger and integration charges Pension and retiree medical plan expenses Pension and retiree medical plan contributions Deferred income taxes and other tax charges and credits 2020 2019 2018 $7,175 0 7,353 512,559 (650) 628 (1,641) 7 (90) 40 532 283 (467) (1)