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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