How do you calculate based on the income and balance sheet for 2018
| Degree of Financial Leverage |
| Percentage of Earnings Retained |
Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016 (in millions except per share amounts) $ 2018 64,661 $ 29,381 35,280 25,170 10,110 298 (1,525) 2017 63,525 $ 28,796 34,729 24,453 10,276 233 (1,151) 244 9,602 4,694 4,908 Net Revenue Cost of sales Gross profit Selling, general and administrative expenses Operating Profit Other pension and retiree medical benefits income/expense) Interest expense Interest income and other Income before income taxes (Benefit from provision for income taxes (See Note 5) Net income Less: Net income attributable to noncontrolling interests Net Income Attributable to PepsiCo Net Income Attributable to PepsiCo per Common Share Basic Diluted Weighted-average common shares outstanding Basic Diluted 2016 62,799 28,222 3 4,577 24,773 9,804 (19) (1,342) 110 8,553 2,174 6,379 306 9,189 (3,370) 12,559 44 12,515 51 50 $ $ 4,857 $ 6,329 $ $ 8.84 $ 8.78 $ 3.40 $ 3.38 $ 4.39 4.36 1,415 1,425 1,425 1,438 1,439 1,452 See accompanying notes to the consolidated financial statements. Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 29, 2018 and December 30, 2017 (in millions except per share amounts) 2018 2017 S ASSETS Current Assets Cash and cash equivalents Short-term investments Restricted cash Accounts and notes receivable, net Inventories Prepaid expenses and other current assets Total Current Assets Property, Plant and Equipment, net Amortizable Intangible Assets, net Goodwill Other indefinite-lived intangible assets Indefinite-Lived Intangible Assets Investments in Noncontrolled Affiliates Deferred Income Taxes Other Assets Total Assets 8,721 $ 10,610 2728,900 1,997 7,142 7,024 3,128 2,947 633 1,546 21,893 31,027 17,589 17,240 1,644 1,268 14,808 14,744 14,181 1 2,570 28,989 27,314 2,409 2,042 4,364 760 913 77,648 $ 79,804 S $ $ 4,026 18,112 22,138 28,295 3,499 5,485 15,017 20,502 33,796 3,242 11,283 68,823 9,114 63,046 LIABILITIES AND EQUITY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debt Obligations Deferred Income Taxes Other Liabilities Total Liabilities Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock PepsiCo Common Shareholders' Equity Common stock, par value 1/3 per share (authorized 3,600 shares; issued, net of repurchased common stock at par value: 1,409 and 1,420 shares, respectively) Capital in excess of par value Retained earnings Accumulated other comprehensive loss Repurchased common stock, in excess of par value (458 and 446 shares, respectively) Total PepsiCo Common Shareholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity - . 41 (197) - 23 3,953 59,947 (15,119) (34,286) 14,518 84 14,602 77,648 24 3,996 52,839 (13,057) (32,757) 11,045 92 10,981 79,804 $ $ See accompanying notes to the consolidated financial statements. 81
