Consolidated Statement of Income

PepsiCo, Inc. and Subsidiaries

Fiscal years ended December 31, 2011, December 25, 2010 and December 26, 2009
(in millions except per share amounts)

2010

2009

2011

Net Revenue

$66,504

$57,838

$43,232

Cost of sales

31,593

26,575

20,099

Selling, general and administrative expenses

25,145

22,814

15,026

Amortization of intangible assets

133

117

63

Operating Profit

9,633

8,332

8,044

Bottling equity income

735

365

Interest expense

(856

)

(903

)

(397

)

Interest income and other

57

68

67

Income before income taxes

8,834

8,232

8,079

Provision for income taxes

2,372

1,894

2,100

Net income

6,462

6,338

5,979

Less: Net income attributable to noncontrolling interests

19

18

33

Net Income Attributable to PepsiCo

$6,443

$6,320

$5,946

Net Income Attributable to PepsiCo per Common Share

Basic

$4.08

$3.97

$3.81

Diluted

$4.03

$3.91

$3.77

Weighted-average common shares outstanding

Basic

1,576

1,590

1,558

Diluted

1,597

1,614

1,577

Cash dividends declared per common share

$2.025

$1.89

$1.775

See accompanying notes to consolidated financial statements.

Back Next