presentation

1. Financial
Management
Class 2 Group 6
Pham Hung Thinh – 335959
Huynh Thanh Nguyen – 332934
Nguyen Tan Huy-332949

2. PepsiCo Inc.
• American multinational food and beverage corporation.
• World leader in snacks, foods and beverages.
• Stock symbol: PEP.

3. What brands does Pepsi own?

4. Income Statement 2008 2009 2010 2013 2014
PepsiCo Net Sales or Revenues 43.25B 43.23B 57.84B 66.42B 66.68B
Cost Of Goods Sold (COGS) 20.35B 20.1B 26.58B 31.24B 30.88B
PepsiCo Gross Profit 22.9B 23.13B 31.26B 35.17B 35.8B
Research & Development Expense - - - - -
Selling General & Admin Expense 15.9B 15.03B 22.81B 25.36B 26.13B
Income Before Depreciation Depletion
Amortization
7B 8.11B 8.45B 9.82B 9.67B
Depreciation Depletion Amortization 64M 63M 117M 110M 92M
Non Operating Income 415M 432M 803M 97M 85M
Interest Expense 329M 397M 903M 911M 909M
PepsiCo Pretax Income 7.02B 8.08B 8.23B 8.89B 8.76B
Provision for Income Taxes 1.88B 2.1B 1.89B 2.1B 2.2B
Minority Interest - 33M 18M 47M 45M
Investment Gains Losses - - - - -
Other Income - - - - -
Income Before Extraordinaries & Disc Operations 5.14B 5.98B 6.34B 6.79B 6.56B
Extraordinary Items & Discontinued Operations - - - - -
PepsiCo Net Income (Profit/Loss) 5.14B 5.95B 6.32B 6.74B 6.51B
Average Shares used to compute Diluted EPS 1.6B 1.58B 1.61B 1.56B 1.53B
Average Shares used to compute Basic EPS 1.6B 1.58B 1.59B 1.56B 1.51B
Income Before Nonrecurring Items 5.89B 5.85B 6.68B 6.82B 7.07B
Income from Nonrecurring Items -745M 100M -355M -83M -553M
PepsiCo Earnings Per Share Basic Net 3.21 3.77 3.97 4.32 4.27
Pepsico Earnings Per Share Diluted Net 3.21 3.77 3.91 4.32 4.27
EPS Diluted Before Nonrecurring Items 3.68 3.71 4.13 4.37 4.63
Preferred Dividends Acc Pd - - - - -
Dividends Common - - - - -
Dividend Per Share Common 1.65 1.78 1.89 2.24 2.53

5. Balance Sheet 2008 2009 2010 2013 2014
Cash 2.06B 3.94B 5.94B 9.38B 6.13B
Marketable Securities 213M 192M 426M 303M 2.59B
Receivables 4.68B 4.62B 6.32B 6.95B 6.65B
Inventory 2.52B 2.62B 3.37B 3.41B 3.14B
Raw Materials 1.23B 1.27B 1.65B 1.73B 1.59B
Work In Progress 169M 165M 128M 168M 173M
Finished Goods 1.13B 1.18B 1.59B 1.51B 1.38B
Notes Receivable - - - - -
Other Current Assets 1.32B 1.19B 1.51B 2.16B 2.14B
PepsiCo Total Current Assets 10.81B 12.57B 17.57B 22.2B 20.66B
Property Plant & Equipment 22.55B 24.91B 33.04B 36.96B 36.3B
Accumulated Depreciation 10.89B 12.24B 13.98B 18.39B 19.06B
PepsiCo Net Property Plant & Equipment 11.66B 12.67B 19.06B 18.58B 17.24B
Investment & Advances 3.88B 4.48B 1.37B 1.84B 2.69B
Other Non-Current Assets - - - - -
Deferred Charges - - - - -
Intangibles 6.98B 9.16B 28.47B 32.65B 29.05B
Deposits & Other Assets 2.66B 965M 1.69B 2.21B 860M
PepsiCo Total Assets 35.99B 39.85B 68.15B 77.48B 70.51B
Notes Payable 369M 464M 4.9B 5.31B 5.08B
Accounts Payable 8.27B 8.13B 10.92B 12.53B 13.02B
Current Portion Long-Term Debt - - - - -
Current Portion Capital Leases - - - - -
Accrued Expenses - - - - -
Income Taxes Payable 145M 165M 71M - -
Other Current Liabilities - - - - -
PepsiCo Total Current Liabilities 8.79B 8.76B 15.89B 17.84B 18.09B
Mortgages - - - - -
Deferred Taxes/Income 226M 659M 4.06B 5.99B 5.3B
Convertible Debt - - - - -
Long-Term Debt 7.86B 7.4B 20B 24.33B 23.82B
Non-Current Capital Leases - - - - -
Other Long-Term Liabilities 7.02B 5.59B 6.73B 4.93B 5.74B
Pepsico Total Liabilities 23.89B 22.41B 46.68B 53.09B 52.96B
Minority Interest - - - - -
Preferred Stock -97M -104M -109M -130M -140M
Common Stock Net 30M 30M 31M 25M 25M
Capital Surplus 351M 250M 4.53B 4.1B 4.12B
Retained Earnings 30.64B 33.81B 37.09B 46.42B 49.09B
Treasury Stock 14.12B 13.38B 16.75B 21B 24.99B
Other Liabilities -4.69B -3.16B -3.32B -5.02B -10.56B
PepsiCo Shareholders Equity 12.11B 17.44B 21.48B 24.39B 17.55B
Pepsico Total Liabilities & Shareholders Equity 35.99B 39.85B 68.15B 77.48B 70.51B

6. Cash Flow 2008 2009 2010 2013 2014
PepsiCo Net Income Cash Flow 5.14B 5.98B 6.34B 6.79B 6.56B
Depreciation Depletion Amortization Cash-Flow 1.54B 1.64B 2.33B 2.66B 2.63B
Net Increase (Decrease) in Assets Liabilities -424M 264M 763M 958M 1.16B
Cash From (used in) Discontinued Operations - - - - -
Other Adjustments Net 738M -1.08B -980M -720M 164M
PepsiCo Net Cash from (used by) Operating
Activities
7B 6.8B 8.45B 9.69B 10.51B
Increase (Decrease) in Prop Plant And Equipment -2.35B -2.07B -3.17B -2.69B -2.74B
Acquisition Disposition of Subsidiaires -1.6B -386M -3.8B 21M 115M
Increase (Decrease) in Investments 1.28B 55M -675M 61M -2.3B
Other Cash Inflow (Outflow) from Investment
Activities
- - -17M -21M -10M
PepsiCo Net Cash from (used by) Investment
Activities
-2.67B -2.4B -7.67B -2.63B -4.94B
Issuance (Purchase) of Equity Shares -4.11B 406M -3.95B -1.89B -4.27B
Issuance (Repayment) of Debt Securities 3.07B 831M 5.89B 301M 1.67B
Increase (Decrease) in Bank & Other Borrowings 445M -1.02B 2.48B 1.17B -2B
Payment of Dividends & Other Cash Distributions -2.54B -2.73B -2.98B -3.43B -3.73B
Other Cash from (used by) Financing Activities 107M 16M -65M 64M 64M
PepsiCo Net Cash from (used by) Financing
Activities
-3.03B -2.5B 1.39B -3.79B -8.26B
Effect of Exchange Rate Changes on Cash -153M -19M -166M -196M -546M
PepsiCo Net Change in Cash & Cash Equivalents 1.15B 1.88B 2B 3.08B -3.24B
Cash & Equivalents at Beginning of Year 910M 2.06B 3.94B 6.3B 9.38B
Cash & Equivalents at Year End 2.06B 3.94B 5.94B 9.38B 6.13B

8. CashFlow
Net Increase(Decrease)inAssetsLiabilities
(MillionDollars)
2008 2009 2010 2013 2014
Pepsico -424 264 763 958 1160
Dr.Pepper 709 865 2540 866 1020
-1000
-500
0
500
1000
1500
2000
2500
3000

9. CashFlow
Effectof ExchangeRateChangeson Cash
(MillionDollars)
2008 2009 2010 2013 2014
Pepsico -153 -19 -166 -196 -546
Dr.Pepper -11 6 5 -4 -6
-600
-500
-400
-300
-200
-100
0
100

10. CashFlow
Cash& Equivalentsat Beginningof Year
(MillionDollars)
2008 2009 2010 2013 2014
Pepsico 910 2060 3940 6300 9380
Dr.Pepper 67 214 280 366 153
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000

11. Balance Sheet
Cash (Million Dollars)
2008 2009 2010 2013 2014
Pepsico 2060 3940 5940 9380 6130
Dr.Pepper 214 280 315 153 237
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000

12. Balance Sheet
Intangibles (Million Dollars)
2008 2009 2010 2013 2014
Pepsico 6980 9160 28470 32650 29050
Dr.Pepper 5700 5690 5680 5680 5670
0
5000
10000
15000
20000
25000
30000
35000

13. Balance Sheet
Other Liabilities (Million Dollars)
2008 2009 2010 2013 2014
PepsiCo -4690 -3160 -3320 -5020 -10560
Dr.Pepper -106 -59 -28 -88 -137
-12000
-10000
-8000
-6000
-4000
-2000
0

14. Income Statement
Revenues (Million Dollars)
2008 2009 2010 2013 2014
PepsiCo 43250 43230 57840 66420 66680
Dr.Pepper 5710 5530 5640 6000 6120
0
10000
20000
30000
40000
50000
60000
70000
80000

15. Income Statement
Non Operating Income (Million
Dollars)
2008 2009 2010 2013 2014
PepsiCo 415 432 803 97 85
Dr.Pepper 50 26 -76 -325 2
-400
-200
0
200
400
600
800
1000

16. Income Statement
Interest Expense (Million
Dollars)
2008 2009 2010 2013 2014
PepsiCo 329 397 907 911 909
Dr.Pepper 257 243 128 123 109
0
100
200
300
400
500
600
700
800
900
1000

17. Net Working Capital(Billion
Dollars)
2008 2009 2010 2013 2014
PepsiCo 2.02 3.81 1.68 4.36 2.54
Dr.Pepper 0.439 0.426 0.03 0.09 0.17
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5

19. Current Ratio
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2008 2009 2010 2013 2014
Pepsico
Dr.Pepper

20. Quick Ratio
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
2008 2009 2010 2013 2014
Pepsico
Dr.Pepper

21. Cash Ratio
0
0.2
0.4
0.6
0.8
1
1.2
2008 2009 2010 2013 2014
Pepsico
Dr.Pepper

22. PepsiCo and Dr.Pepper Cycle

23. Production Cycle 2008 2009 2010 2013 2014
PepsiCo 43.13 46.6 46.3 41.76 37.13
Dr.Pepper 37.06 42.88 37.7 32.1 29.31
Collection Cycle 2008 2009 2010 2013 2014
PepsiCo 42.44 36.68 39.89 38.21 36.4
Dr.Pepper 33.54 37.21 36.25 35.49 40.12
Payment Cycle 2008 2009 2010 2013 2014
PepsiCo 142.3 148.9 53 56.9 60.6
Dr.Pepper 107.03 112.65 117.74 40.6 41.05
Cash Conversion
Cycle
2008 2009 2010 2013 2014
PepsiCo -65.71 -61.88 27.96 17.84 9.97
Dr.Pepper -36.43 -32.56 -43.29 26.99 28.38

24. Production Cycle
2008 2009 2010 2013 2014
Pepsico 43.13 46.6 46.3 41.76 37.13
Dr.Pepper 37.06 42.88 37.7 32.1 29.31
0
5
10
15
20
25
30
35
40
45
50

25. Collection Cycle
2008 2009 2010 2013 2014
Pepsico 42.44 36.68 39.89 38.21 36.4
Dr.Pepper 33.54 37.21 36.25 35.49 40.12
0
5
10
15
20
25
30
35
40
45

26. Payment Cycle
2008 2009 2010 2013 2014
Pepsico 142.3 148.9 53 56.9 60.6
Dr.Pepper 107.03 112.65 117.74 40.6 41.05
0
20
40
60
80
100
120
140
160

27. Cash Conversion Cycle
2008 2009 2010 2013 2014
PepsiCo -65.71 -61.88 27.96 17.84 9.97
Dr.Pepper -36.43 -32.56 -43.29 26.99 28.38
-80
-60
-40
-20
0
20
40

28. • PepsiCo is always looking into the future.
• Create new product.
• Focus on sale.

29. Conclusion
• New policy.
• Close relationship with customers.
• A profitable business.

30. Preference
• http://csimarket.com/Industry/Industry_Valuation.php?ind=5
05
• http://amigobulls.com/stocks/DPS/balance-sheet/annual
• http://www.msn.com/vi-vn/money/stockdetails/financials/fi-
126.1.PEP.NYS