Earnings quality
Compare earnings and operating cash flow for earnings quality.
PepsiCo, Inc.
Ticker PEP · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-03 · Period end 2017-12-30
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 18.1%; equity ratio is 19.0%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin18.1%
Equity ratio19.0%
Last priceUSD 134.02
Trailing P/E22.3×
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
PEPSICO INC is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 9142532000 · As of filing date 2026-02-03
Financial statements
Income statement
| Account | FY2016 (ended Dec 31, 2016) | FY2017 (ended Dec 30, 2017) |
|---|---|---|
| Revenue | $62.8B | $63.5B |
| Cost of sales* | $12.7B | $12.7B |
| Gross profit | $50.1B | $50.9B |
| Operating profit | $12.9B | $11.5B |
| Income tax | $2.3B | $1.9B |
| Net income | $9.6B | $8.2B |
| Basic EPS | 6.97 | 6.02 |
Balance sheet
| Account | FY2016 (ended Dec 31, 2016) | FY2017 (ended Dec 30, 2017) |
|---|---|---|
| Cash & equivalents | $8.5B | $9.2B |
| Current assets | $25.8B | $27.9B |
| Non-current assets* | $73.6B | $79.5B |
| Total assets | $99.5B | $107.4B |
| Current liabilities | $31.5B | $32.8B |
| Non-current liabilities* | $49.8B | $54.1B |
| Total liabilities | $81.3B | $86.9B |
| Stockholders’ equity | $18.0B | $20.4B |
Cash flow statement
| Account | FY2016 (ended Dec 31, 2016) | FY2017 (ended Dec 30, 2017) |
|---|---|---|
| Operating cash flow | $12.5B | $12.1B |
| Investing cash flow | -$5.5B | -$6.9B |
| Financing cash flow | -$7.6B | -$5.0B |
| Cash at end of period | $8.5B | $9.2B |
Five-year trends
Key metrics
| Metric | Trend | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 |
|---|---|---|---|---|---|---|
| Revenue | $66.4B | $66.7B | $63.1B | $62.8B | $63.5B | |
| Operating profit | $9.7B | $9.6B | $8.4B | $9.8B | $10.3B | |
| Net income | $6.7B | $6.5B | $5.5B | $6.3B | $4.9B | |
| Total assets | $77.5B | $70.5B | $69.7B | $73.5B | $79.8B | |
| Cash & equivalents | $9.4B | $6.1B | $9.1B | $9.2B | $10.6B | |
| Stockholders’ equity | $24.4B | $17.6B | $12.1B | $11.2B | $11.0B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $62.8B to $63.5B (▲ +1.2%). Operating profit went from $12.9B to $11.5B (▼ -10.8%).
Operating cash flow was $12.1B (prior $12.5B), with cash on the balance sheet at $9.2B versus $8.5B.
Liquidity & leverage
Cash moved from $8.5B to $9.2B; current liabilities $32.8B.
Capital buffer
Stockholders’ equity moved from $18.0B to $20.4B.
Was this page helpful?
Source: SEC EDGAR 0000077476-26-000007
(PEPSICO INC), period end 2017-12-30.