Condensed Consolidated Statement of Income

PepsiCo, Inc. and Subsidiaries

$($in millions except per share amounts, unaudited$)$

$12$ Weeks Ended $24$ Weeks Ended $6/15/20246/17/20236/15/20246/17/2023$ Net Revenue $ $22,501$ $ $22,322$ $ $40,751$ $ $40,168$ Cost of sales $9,91910,12118,16718,109$ Gross profit $12,58212,20122,58422,059$ Selling, general and administrative expenses $8,5348,54215,81915,771$ Operating Profit $4,0483,6596,7656,288$ Other pension and retiree medical benefits income $5660114121$ Net interest expense and other $(234)(201)(436)(401)$ Income before income taxes $3,8703,5186,4436,008$ Provision for income taxes $7767471,2961,293$ Net income $3,0942,7715,1474,715$

Less: Net income attributable to noncontrolling interests

$11232235$ Net Income Attributable to PepsiCo $ $3,083$ $ $2,748$ $ $5,125$ $ $4,680$ Net Income Attributable to PepsiCo per Common Share Basic $ $2\mathrm{.}24$ $ $1\mathrm{.}99$ $ $3\mathrm{.}73$ $ $3\mathrm{.}40$ Diluted $ $2\mathrm{.}23$ $ $1\mathrm{.}99$ $ $3\mathrm{.}71$ $ $3\mathrm{.}38$ Weighted$-$average common shares outstanding Basic $1,3751,3781,3751,378$ Diluted $1,3791,3841,3801,384$

Condensed Consolidated Balance Sheet

PepsiCo, Inc. and Subsidiaries

$($in millions except per share amounts$)$

$($Unaudited$)6/15/202412/30/2023$ ASSETS Current Assets Cash and cash equivalents $ $6,353$ $ $9,711$ Short$-$term investments $315292$

Accounts and notes receivable, less allowance $($$$180$ and $$175,$ respectively$)$

$11,94210,815$ Inventories: Raw materials and packaging $2,6352,388$ Work$-$in$-$process $121104$ Finished goods $3,1312,8425,8875,334$ Prepaid expenses and other current assets $1,206798$ Total Current Assets $25,70326,950$ Property, plant and equipment $55,04054,439$ Accumulated depreciation $(27,998)(27,400)$ Property, Plant and Equipment, net $27,04227,039$ Amortizable Intangible Assets, net $1,1511,199$ Goodwill $17,64817,728$ Other Indefinite$-$Lived Intangible Assets $13,67513,730$ Investments in Noncontrolled Affiliates $2,6742,714$ Deferred Income Taxes $4,4654,474$ Other Assets $7,1756,661$ Total Assets $ $99,533$ $ $100,495$ LIABILITIES AND EQUITY Current Liabilities Short$-$term debt obligations $ $8,289$ $ $6,510$ Accounts payable and other current liabilities $22,85925,137$ Total Current Liabilities $31,14831,647$ Long$-$Term Debt Obligations $36,63837,595$ Deferred Income Taxes $3,9083,895$ Other Liabilities $8,2598,721$ Total Liabilities $79,95381,858$ Commitments and contingencies PepsiCo Common Shareholders$$ Equity

Common stock, par value $12/3$ per share $($authorized $3,600$ shares; issued, net of repurchased common stock at par value: $1,374$ shares$)$

$2323$ Capital in excess of par value $4,2034,261$ Retained earnings $71,54570,035$ Accumulated other comprehensive loss $(15,786)(15,534)$

Repurchased common stock, in excess of par value $(493$ shares$)$

$(40,539)(40,282)$ Total PepsiCo Common Shareholders$$ Equity $19,44618,503$ Noncontrolling interests $134134$ Total Equity $19,58018,637$ Total Liabilities and Equity $ $99,533$ $ $100,495$

PepsiCo

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Pep

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the EDGAR website, navigate to

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Selected Filings

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$10$

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K

$($

annual reports

$)$

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$10$

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Q

$($

quarterly reports

$)$

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$$

$$Choose the most recent annual report. Use the consolidated financial statements, which are located throughout the report.

Specifically, you must address the following rubric criteria:

Summarize the background of your company. Include the following in your response:

Financial origin

Purpose of company

Describe the flow of financials using the most current reporting available. Include the following in your response:

GAAP within the flow of financials

Net income

Ending balance of the statement of retained earnings

Ending balance of the balance sheetIdentify the total current assets from the financial statements. Consider the following in your response:

Cash

Receivables

Inventory

Identify the total current liabilities from the financial statements. Consider the following in your response:

Accounts payable

Sales tax payable

Payroll tax payable

Analyze the company's current assets and liabilities from information from the financial statements. Consider the following your response:

GAAP

$$

s impact on the reporting of current assets and liabilities

Financial success of this company