Financial statements of The Coca-Cola Company are presented in Appendix C. Click here to view Appendix C. The complete annual reports of PepsiCo and Coca-Cola, including the nates to the financial statements, are also provided in Appendices B and C, respectively. Based on information contained in these financial statements, determine the following for each company. (Enter decrease in account balance with a negative sign preceding the number, e.g. 45,000,000 or parentheses, e., (45,000,000). Enter amounts in millions.) PepsiCo (a) Net increase (decrease) in property, plant, and equipment (net) from 2018 to 2019. $ (b) Increase (decrease) in selline, general, and administrative expenses from 2018 to 2019. c) Increase (decrease) in long-term debt fobligations) from 2018 to 2019, (d) Increase (decrease) in net income from 2018 to 2019, PepsiCo Ka) Net increase (decrease) in property, plant and equipment (net) from 2018 to 2019. $ (b) Increase (decrease) in selling, general, and administrative expenses from 2018 to 2019. $ (c) Increase (decrease) in long-term debt (obligations) from 2018 to 2019. TA (d) Increase (decrease) in net income from 2018 to 2019. $ $ le) Increase (decrease) in cash and cash equivalents from 2018 to 2019. Specimen Financial Statements: PepsiCo, Inc. PepsiCo, Inc. is a world leader in convenient snacks, foods, and beverages. The following are PepsiCo's financial statements as presented in its 2019 annual report. The complete annual report, including notes to the financial statements, is available at the company's website, Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 28, 2019. December 29, 2018 and December 30, 2017 (in millions except per share amounts) 2019 Net Revenue $ 67,161 Cost of sales 30,132 Gross profit 37,029 Selling general and administrative expenses 26,738 Operating Profit 10.291 Other pension and retiree medical benefits (expense)/income (44) Interest expense (1.135) Interest income and other 200 Income before income taxes 9,312 Provision for/benefit from) income taxes (See Notes) 1,959 Net Income 7.353 39 Less: Net income attributable to noncontrolling interests Net Income Attributable to PepsiCo $ 7,314 Net Income Attributable to PepsiCo per Common Share Basic $ 5.23 Diluted $ 5.20 Weighted average common shares outstanding Basic 1.399 Diluted 1,407 2018 564,661 29,381 35,280 25,170 10.110 298 (1.525) 306 9.189 (3,370) 12.559 2017 $ 63,525 28,796 34,729 24.453 10,276 233 (1.151) 244 9,602 4,694 4. 44 51 $ 12.515 $ 4.857 5 3.40 8.84 8.78 $ $ 3.38 1.415 1,425 1,425 1.438 Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is a global leader in the beverage industry. It offers hundreds of brands, including soft drinks, fruit juices, sports drinks, and other beverages, in more than 200 countries. The following are Coca-Cola's financial statements as presented in its 2019 annual report. The complete annual report, including notes to the financial statements, is available at the company's website 2019 $ 37,266 14,619 22,647 12.103 458 2017 $36,212 13,721 22.491 12,834 1.902 7.755 679 10,086 563 2018 $ 34,300 13,067 21.233 11,002 1,079 9,152 689 950 1,008 (1.674) 8.225 1,749 6.476 42 9:46 853 THE COCA-COLA COMPANY SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31. Net Operating Revenue Cost of goods sold Gross Profit Selling general and administrative expenses Other operating charges Operating Income Interest income Interest expense Equity income (loss)-net Other income (loss)-net Income Before Income Taxes Income taxes Consolidated Net Income Less: Net income (los) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company Basic Net Income Per Share! Diluted Net Income Per Share Average Shares Outstanding--Basic Effect of dilutive securities Average Shares Outstanding-Diluted Calculated based on net income attributable to shareowners of The Coca-Cola Company Refer to Notes to Consolidated Financial Statements 1,049 34 1,072 (1.763) 6.890 5,607 1.283 35 51.345 10,786 1,801 8,985 65 $ 8,920 $ 2.09 $ 2.07 4,276 38 4.314 $ 6,434 $ 1.51 $ 1.50 4.259 $ 0.29 $ 0.29 4,272 40 52 4.299 4324 Financial statements of The Coca-Cola Company are presented in Appendix C. Click here to view Appendix C. The complete annual reports of PepsiCo and Coca-Cola, including the nates to the financial statements, are also provided in Appendices B and C, respectively. Based on information contained in these financial statements, determine the following for each company. (Enter decrease in account balance with a negative sign preceding the number, e.g. 45,000,000 or parentheses, e., (45,000,000). Enter amounts in millions.) PepsiCo (a) Net increase (decrease) in property, plant, and equipment (net) from 2018 to 2019. $ (b) Increase (decrease) in selline, general, and administrative expenses from 2018 to 2019. c) Increase (decrease) in long-term debt fobligations) from 2018 to 2019, (d) Increase (decrease) in net income from 2018 to 2019, PepsiCo Ka) Net increase (decrease) in property, plant and equipment (net) from 2018 to 2019. $ (b) Increase (decrease) in selling, general, and administrative expenses from 2018 to 2019. $ (c) Increase (decrease) in long-term debt (obligations) from 2018 to 2019. TA (d) Increase (decrease) in net income from 2018 to 2019. $ $ le) Increase (decrease) in cash and cash equivalents from 2018 to 2019. Specimen Financial Statements: PepsiCo, Inc. PepsiCo, Inc. is a world leader in convenient snacks, foods, and beverages. The following are PepsiCo's financial statements as presented in its 2019 annual report. The complete annual report, including notes to the financial statements, is available at the company's website, Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 28, 2019. December 29, 2018 and December 30, 2017 (in millions except per share amounts) 2019 Net Revenue $ 67,161 Cost of sales 30,132 Gross profit 37,029 Selling general and administrative expenses 26,738 Operating Profit 10.291 Other pension and retiree medical benefits (expense)/income (44) Interest expense (1.135) Interest income and other 200 Income before income taxes 9,312 Provision for/benefit from) income taxes (See Notes) 1,959 Net Income 7.353 39 Less: Net income attributable to noncontrolling interests Net Income Attributable to PepsiCo $ 7,314 Net Income Attributable to PepsiCo per Common Share Basic $ 5.23 Diluted $ 5.20 Weighted average common shares outstanding Basic 1.399 Diluted 1,407 2018 564,661 29,381 35,280 25,170 10.110 298 (1.525) 306 9.189 (3,370) 12.559 2017 $ 63,525 28,796 34,729 24.453 10,276 233 (1.151) 244 9,602 4,694 4. 44 51 $ 12.515 $ 4.857 5 3.40 8.84 8.78 $ $ 3.38 1.415 1,425 1,425 1.438 Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is a global leader in the beverage industry. It offers hundreds of brands, including soft drinks, fruit juices, sports drinks, and other beverages, in more than 200 countries. The following are Coca-Cola's financial statements as presented in its 2019 annual report. The complete annual report, including notes to the financial statements, is available at the company's website 2019 $ 37,266 14,619 22,647 12.103 458 2017 $36,212 13,721 22.491 12,834 1.902 7.755 679 10,086 563 2018 $ 34,300 13,067 21.233 11,002 1,079 9,152 689 950 1,008 (1.674) 8.225 1,749 6.476 42 9:46 853 THE COCA-COLA COMPANY SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) Year Ended December 31. Net Operating Revenue Cost of goods sold Gross Profit Selling general and administrative expenses Other operating charges Operating Income Interest income Interest expense Equity income (loss)-net Other income (loss)-net Income Before Income Taxes Income taxes Consolidated Net Income Less: Net income (los) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company Basic Net Income Per Share! Diluted Net Income Per Share Average Shares Outstanding--Basic Effect of dilutive securities Average Shares Outstanding-Diluted Calculated based on net income attributable to shareowners of The Coca-Cola Company Refer to Notes to Consolidated Financial Statements 1,049 34 1,072 (1.763) 6.890 5,607 1.283 35 51.345 10,786 1,801 8,985 65 $ 8,920 $ 2.09 $ 2.07 4,276 38 4.314 $ 6,434 $ 1.51 $ 1.50 4.259 $ 0.29 $ 0.29 4,272 40 52 4.299 4324