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Consolidated Financial Statements
Consolidated Statement of Income
PepsiCo, Inc. and Subsidiaries
(in millions except per share amounts)
Fiscal years ended December 27, 2008, December 29, 2007 and December 30, 2006 |
2008 |
2007 |
2006 |
||||||
Net Revenue |
$ |
43,251 |
$ |
39,474 |
$ |
35,137 |
|||
Cost of sales |
20,351 |
18,038 |
15,762 |
||||||
Selling, general and administrative expenses |
15,901 |
14,208 |
12,711 |
||||||
Amortization of intangible assets |
64 |
58 |
162 |
||||||
Operating Profit |
6,935 |
7,170 |
6,502 |
||||||
Bottling equity income |
374 |
560 |
553 |
||||||
Interest expense |
(329 |
) |
(224 |
) |
(239 |
) |
|||
Interest income |
41 |
125 |
173 |
||||||
Income before Income Taxes |
7,021 |
7,631 |
6,989 |
||||||
Provision for Income Taxes |
1,879 |
1,973 |
1,347 |
||||||
Net Income |
$ |
5,142 |
$ |
5,658 |
$ |
5,642 |
|||
Net Income per Common Share |
|||||||||
Basic |
$ |
3.26 |
$ |
3.48 |
$ |
3.42 |
|||
Diluted |
$ |
3.21 |
$ |
3.41 |
$ |
3.34 |
