PepsiCo's financial statements are presented in Appendix B Click here to view Appendix B. 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 notes to the financial statements, are available at each company's respective website. Based on the information contained in these financial statements, determine each of the following for each company: (1) The percentage increase (decrease) in Min net sales and (11) net income from 2014 to 2015. (Round answers to 1 decimal places, es. 15.2%. Enter negative amounts using elther a negative sin preceding the number eg. -15.2% or parentheses es (15.2)%) PepsiCo Coca-Cola Company % Percentage increase (decrease) in net sales Percentage increase (decrease) in net income % 9 (22) The percentage increase in C) total assets and (1) total common stockholders' (shareholders) equity from 2014 to 2015. (Round answers to 1 decimal place, e., 15.2%. Enter negative amounts using either a negative sign preceding the numbered. -15.2% or parentheses ex (15.2%) PepsiCo Coca-Cola Company Percentage increase (decrease) in total assets Percentage Increase (decrease in total stockholders' equity 56 96 (23) The basic earnings per share and price-earnings ratio for 2015. (For both PepsiCo and Coca-Cola, use the basic earnings per share.) Coca-Cola's common stock had a market price of 542.63 at the end of fiscal year 2015 and PepsiCo's common stock had a market price of $109.41, (Round basic earnings per share to 2 decimal places, es 15.25 and price-earning ratio to 1 decimal place, es, 152) PepsiCo Coca-Cola Company Basic earnings per share Price-earnings ratio times times n Financial Statements: PepsiCo, Inc. d leader in convenient snacks, foods, and beverages. The following are PepsiCo's financial statements as presented in its 2015 annual report. The complete annual report, including notes to s available at the company's website. Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013 (in millions except per share amounts) Net Revenue Cost of sales Gross profil Selling, general and administrative expenses Venezuela impairment charges Amortization of intangible assets Operating Profit interest expense Interest income and other Income before income taxes Provision for income taxes Net income Less Net income a butable to no controlling interests Net Income Attributable to PepsiCo Net Income Attributable to PepsiCo per Common Share Basic Diluted Weighted average common shares outstanding Basic Diluted 2015 2014 2013 $ 63,056 $ 66,683 566,415 28,384 30,884 31.243 34,672 35,799 35.172 24.885 26.126 25.357 1,359 75 92 110 8330 9.581 9,705 1970) (909) (911) 59 85 97 7,442 8,757 8.891 1,941 2,199 2,104 3,501 6,558 6,787 49 45 47 S 6513 5 6.740 S S 3.71 $ 3.67 4.315 427 S 4.37 4.32 1,469 1,485 1.509 1.527 1,341 1.560 DANIC Diluted Cash dividends declared per common share 1907 1,485 2.7625$ TY 1,527 25325$ TT 1,560 2.24 S See accompanying notes to the consolidated financial statements Consolidated Statement of Comprehensive Income PepsiCo, Inc and Subsidiaries Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013 (in millions) Pre-tax amounts 2015 Taramounts After tax amounts 5801 $ (2.938) $ (1.938) 111 111 97 (95) (47) 18 50 (47) Net income Other Comprehensive Los Currency translation Currency translation adjustment Reclassification Associated with Venezuelan entities Cash flow bedres Reclassification of losses to net income Net derivative losses Pension and retiree medical Reclassification of met losses to be income Reclassification Associated with Venenelan entities Remanet of net liabilities and translation Unrealised pains on securities Total Other Comprehensive Lou Comprehensive income Comprehensive income attributable to do controlling interests Comprehensive Income Attributable to lepel 246 lele II (74) (40 71 173 16 (17) (88) (2464) 2.8.19 2014 Tax amounts Pre-tax amounts Aber-tax amounts 6,553 03.010) 5 0.010) Net income Other Comprehensive Lou Currency translation adjustest Cash flow hedges Reclassification of net to be income Net denvative losses Pension and retiree medical Reclassification of net losses to set income Remement of beliabilities and translation 249 (88) 44 154 (44) 369 (1.323) (122) 437 347 (886) Pre-tax Temos After mot (5,010) 5 05.010) 349 (88) 195) 44 154 (40 Net Other Comprehensive Lone Currency translation adjust Cash flow heder Reclamation of losses to come Net derivativelouses Pension and retire medical Reclassification of losses to inco Refet abilitado realised loses on web Total Other Comprehensive Low Conprehensive license Comprehensive incontributable to controlling tests Compete Income Attributable topic 247 169 (1,323) (11) (12) 437 16 611 289 101 (45) 21 Prelax amounts Tax amounts Atax amo 677 (1.303) 5 45 Qo) (1303) 20 (10) ( 10 Netico Other Comprehensive Income Currency trio ad Cash flow hede Reclastication of eles to net income Net derivative losses Pension and retine medical Reclasification of met losses to be income Remers of det liabilities and ration Urealized securities Other Total Other Comprehensive come Comprehensive income Comprehensive income tabutable to encontrolling interests Comprehrase Income Attributable to Price See accompanying notes to the consolidated fiesticial statement 353 2,164 57 (123) (764) 08 (16) (95 230 1,400 29 (16) 298 (45) 14100 Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013 (in millions) 2015 Operating the 2014 2013 2014 2013 6,539 5 2.625 297 6,787 2.663 303 10 (25) 163 (133) 418 (266) Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2015. December 27, 2014 and December 28, 2013 (in millions) 2015 Operating Activities Net income $ 55015 Depreciation and mortation 2,416 Share-based compensation expense 195 Merger and integration charges Cash payments for merger and integration charges Restructuring and impairment charges 230 Cash payments for restructuring charges (205) Clurge related to the traction with Tingyi 73 Cash payments for restructuring and other charges related to the traction with Tingyi Venensel impairment charges 1.359 Venezuela remeasurement charpes Excess tax benefits from shure-based payment angement (133) Pension and retiree medical plan expenses 467 Pession and retire medical plan contbution 205) Deferred income taxes and other tax charges and credin 78 Change in assets and liabilities: Accounts and notes receivable (461) Investors (40) Prepaid expenses and other currentes (50) Accounts payable and other current liabilities 1.692 Income taxes payable 55 Other, at (285) Net Cash Provided by Operating Activities 10.580 (26) 105 II (117) 66) (114) 667 (635) (19) 262) (1,058) (88) (343) (111) 30 1.162 371 (31) 1002 36 (349) 9.633 060 10,506 Lavesting Activities Capital peading Sales of property, plant and equipment Acquisitions and invest in controlled inte Reduction of cash do to Venezuela deconsolidation Divestitures (9,785) 86 (6) (568) 76 159 113 (889 0.795) 109 (109 203 130 76 303 130 (4.433 w 3 (5) 3.569) (6,305) 3.891 118 (10) 51 00 0.625) (4.937) 4.195 8.7025 (4,695) 3.8355 0.159) . Dovesti Shontem tuveseats, by original arty More than three monthpurchases More than three months The mouth or less, et Other investing.net Net Casa Used for Lavesting Activities Financing Activities Proceeds from inces of long-term debt Payal of Inge dele Short borrowing by namanty More than three months proceeds More than three months.paymes The month or less, Cash dividend paid Share.com Share purchases preferred Proceeds from series of stock options Excess to benefits from share based payment met Acquisition of controlling Other face Net Cash Used for Financing Activiti Effect of exchange rate changes on cash and chalets Net Increase (Decrease) is Cash and Cash Equivalent Cash and Cash Equivalents Beginning of Year Cash and Cash Equivaleuts, End of Year See accompanying notes to the consolidated financial stats 15 (13) 33 ( 40 3.100 15 30 (10) 0.037 (3,730) (5.012) (10) 755 114 23 (4923 1.64 0.434) 0,001) 133 1.113 112 00) (3) 7199 (196) 3,078 6.297 CSO) 1760) 046 3.241) 9375 103 30 21 2969 613 Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 26, 2015 and December 27, 2014 (in millions except per share amounts) 2015 2014 ASSETS Current Assets Cash and cash equivalent Short-term investments 6,134 9,096 S 2,913 2,592 Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 26, 2015 and December 27, 2014 (in millions except per share amounts) 2015 2014 ASSETS Current Assets Cash and cashqaivales Short-term uwvestments Accounts and notes recevable, et Teventos Prepaid expenses and other content assets Total Current Assets Property, Plast and Equipment, net Amortizable Intangible Assets, Goodwill Other nouamortizable intangible assets Nenamortizable Intangible Assets Investments in Noncontrolled Affiliates Other Assets Total Assets 9,0965 6134 2013 2592 6,437 6,651 2.720 3.143 1,865 2,149 2305 207065 16.311 17.244 1.270 1449 14,177 14965 11,811 12.639 20 27601 2311 2689 750 860 09.065 70509 s 4,071 13.507 THE LIABILITIES AND EQUITY Current Liabilities Short-term obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debr Obligations Other Labilities Deferred Income Taxes Total Liabilities Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock PepsiCo Common Shareholders' Equity Common stock par values per share (authorized 3.000 de sud, niet of repurchased common sokat par value 1/449 and 1,485 ares, respectively 29,213 5,887 4,059 57.637 5,076 13,016 11092 23821 5,744 5304 52951 41 (186) 41 (181) 24 25 Common stock, par value 1 per shute (ntheid 3 600 set of terhused Como vock at par value 1.948 and 1:458 shares, respectively Capital in excess of par value Retained comings Accused other compreuve do Repure common stock in excess of parva (418 378 espectively) Total Perico Commen Shareholders' Equity Nocontrolling interests Total Equity Total Liabilities and Equity 34 4,076 50,73 (13,519) (29,185) 12,065 107 127030 60/667 4.115 1992 cto 669 04,985 1378 110 1958 703500 See accompanying notes to the consolidated financial statements Consolidated Statement of Equity PepsiCo, Inc. and Subsidiaries Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013 (in millions) 2011 2013 La 41 0.7 03 00 00 (171) 2010 06 Preferred Stock Kerek Dule gofy Hanse CS Baling of your mal CY Baleny 11 1554 1,450 4 41 22 2005 254 4,170 301 WESI SE am 200) 00 12 0 Boy Red wo Cadde 091 1,4 M400 30 0.00 4,10 0.4 Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is a global leader in the beverage industry. It offers hundreds of brands, Induding soft drinks, fruit juices, sports drinks and other beverages in more than 200 countries. The following are Coca-Cola's financial statements at presented in its 2015 annual report. The complete annual report indluding notes to the financial statements, is available at the company's website. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2014 3003 S 40294 26.12 16,427 1ASY 1.728 613 56 55.99 17.10 2,100 17.218 1.13 9,20 594 40 760 Year Bed De come pershane NET OPERATING REVENUES Cost of good old GROSS PROFIT Selling and administrative Other cha OPERATING INCOME Interest income Interest expense Liquity income (m) Other in INCOME BEFORE INCOME TAXES Income CONSOLIDATED NET INCOME Lew: Net income to Ming interest NETINCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA COLA COMPANY BASIC NET INCOME PER SHARE DILUTED NET INCOME PER SHARI AVERAGE SHARES OUTSTANDING Effect of cutive securities AVERAGE SHARES OUTSTANDING ASSUMING DILUTION . 2.239 7.366 15 S7351 5 1.69 9,33 2,201 7.034 26 5 7.0 5 12 5 10 4387 $54 16,41 2003 17.30 SOS 10.22 534 463 602 376 11.77 251 2.626 42 $ 8.584 $ 5 1.00 4,434 75 45 194 5 1.67 UK 53 4,05 4.450 Refer to Notes to Consolidated Financial Statements THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Yandel Dr. 2015 57.1 57,1215 CONSOLIDATED NET INCOME Other comprehen Netfig current Nerinden Neredai (o) wale souris Nel change in and other benefit all TOTAL COMPREHENSIVE INCOME La Capricom kambutable or TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO SHARE OWNERS OF THE COCA-COLA COMPANY 0.99) 2017) 10 35 151 OND 714 M (1.000 3.951 4,774 0) 21 30 53.55425351 Refer to Notes to Consolidated Financial statements. THE COCA COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 3044 ASETN CURRENT ASSUTS Chand cashew homment TOTAL CASTL. CASH LOUIVALINIS AND NIORT-TERM INVESTMENTS 7.300 5 900 KOJO 1.6 $ 7,0 15.631 1.941 2,992 2.752 3.900 33,395 12.31% 3,470 4.207 12.571 5.989 1000 11,280 84 5.955 9,052 18,010 1,665 4,466 3.100 3066 679 32,986 9.947 3678 4407 14,633 6,333 12.100 1,050 $ 92,023 $ 90,09% CURRENTASSETS Cash and cash equivalents Short-term investments TOTAL. CASH, CASH EQUIVALENTS AND SHORTTERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $352 and $331, respectively Inventories Prepaid expenses and other assets Anets held for sale TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT - net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debe Accrued income taxes Liabilities held for sale TOTAL CURRENT LIABILITIES LONG-TERM DEUT OTHER LIABILITIES DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, 50.25 par val Authorized - 11.200 shares; Issued -7,000 and 7,000 shares, respectively Capital surplus Reinvested earning Accumulated other comprehensive income (los) Treasury stock, cost-2.716 and 2,674 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 5.9,234 19.130 1.552 400 $ 9600 13.129 2477 01 1.133 26,910 21.407 4.301 441 32.374 19,063 39 5636 1,760 14,016 6.IN (10,174) (45.066 35,854 210 1,700 13,154 (3.405 (5.777) (0.225) 30,320 241 UUTTATTOTALTUROWEROUT CONTAT EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 210 25.764 $ 90,093 30.561 592.023 solidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS 2015 2014 2013 $ 7,166 1,970 Year Ended December 31 (in millions OPERATING ACTIVITIES Consolidated net income Depreciation and amortization Stock-based compensation expense Deferred income taxes Equity (income) loss -- net of dividends Foreign currency adjustments Significant (paina) lowes on sales of assets-net Other operating charges Other items Net change in operating assets and liabilities Net cash provided by operating activities INVESTING ACTIVITIES Purchases of investments Proceeds from disposals of investments Acquisitions of business, equity method investments and nonmarketable securities Procoods from disposals of businesses equity method investments and nonmarketable socurities Purchases of property, plant and equipment Proceeds from disposals of property, plant and equipment Other investing activities Net cash provided by (used in) investing activities FINANCING ACTIVITIES Tusuances of debt 73 (122) (137 (374) 929 744 (1571 10,528 $ 7,124 1,976 209 (40) (371) 415 831 761 149 (439) 10,615 $ 8,626 1.977 227 648 (201) 168 (670) 465 234 (932) 10.542 (15,831) 14,079 (2.491 565 (2.353) 85 (40) (6.1861 (17.800) 12.986 (389) 148 (2,406) 223 (268) (7.506) (14.782) 12,791 (353) 872 (2.550) 111 (303 (4.214) 40.4.14 43,425 Issuances of debt Paymento dos Issuances of stock Purchases of stock for treasury Dividends Other financing activities Net cash provided by (used in) financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS Net increase (decrease) during the year Balance at beginning of year Balance at end of year 40434 (37.738) 1.245 3.564) 15,741) 251 15.113) 1878) 414674 (36.462) 1.512 (4.162) (5 350) (363) (3631) (934) 11425 (38,714) 1338 (4832) (4.90 17 3,745) R9 $ 7.309 (1.456) 10.414 S ROSS 1.972 8.442 $ 10,414 onsolidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY 2015 2014 23 Year Ended December (in millions excepto share data EQUITY ATTRIBUTABLE TO SHARNOWNERS OF THE COCA COLA COMPANY NUMBER OF COMMON SHARES OUTSTANDING Balance at beginning of your Purchases of treasury stock Treasury stock inued to employeon related to stock compensation plans Balance at end of year COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employees related to stock compensation plans Tax benefit (charge) from stock compensation plans Stock-based compensation Other activities 4.466 (86) 44 4,324 4402 4,460 (08) (121) 62 54 4.366 4,402 1.760 1,760 $ 1,760 13,154 32 12.276 526 160 209 11,379 500 144 227 26 1.760 5 1,760 $ 1,760 13,154 532 12,276 526 169 209 (26) 13,154 11.379 569 144 227 2.36 14.016 12.276 58,045 8,584 3.405 7.351 15,741) 65,018 61,660 7,008 (5.350) 63,408 61.660 15.777) COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employees related to stock compensation plans Tie benefit (charge) from stock compensation plans Stock-based compensation Other activities Balance at end of year REINVESTED EARNINGS Balance at beginning of year Net income attributable to sharecers of The Coca-Cola Company Dividends (per share --$1.32.51.22 and 51.12 in 2015, 2014 and 2013, respectively) Balance at end of year ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSSY Balance at beginning of year Net other comprehensive income (los) Balance at end of year TREASURY STOCK Balance at beginning of year Stock inued to employees related to stock compensation plans Purchases of treasury stock Balance at end of year TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS Balance at beginning of year Net income attributable to noncontrolling interesti Net foreign currency translation adjustment Dividends paid to noncontrolling interests Acquisition of interests held by noncontrolling owners Contributions by noncontrolling interests Business combinations Docomsolidation of certain entities Other activities TOTAL EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS (3,432) (2.345) (5.777 (3,385) (47) (3,432) (10,174) 142,225) (39,091) (35,000) 6 891 785 3.837 (4,025) (45.066 (42.225 (29.001) $ 25,5545 30,320 S 33.173 5 $ 241 $ 15 (18) (31) 267 26 (5) (25) 378 42 (3) (58) (34) 6 25 (80) (3) (22) 2105 2415 267