Period Ended

12/31/2012

12/31/2011

12/31/2010

12/31/2009

12/31/2008

721

684

321

404

722

721

684

321

404

722

1,449.00

1,403.00

1,345.00

1,322.00

2,206.00

-17

-16

-16

-13

-52

1,498.00

1,451.00

1,415.00

1,387.00

2,308.00

--

--

153

--

1,498.00

1,451.00

1,415.00

1,540.00

2,308.00

220

225

230

193

639

166

178

137

95

262

386
--

403
--

367
127

288
124

901
408

--

--

--

--

244

157

148

--

--

--

157

148

--

--

244

2,762.00

2,686.00

2,230.00

2,356.00

4,583.00

948
161

880
154

887
157

773
125

2,552.00
478

3,728.00

3,369.00

3,224.00

3,074.00

11,279.00

241

214

124

99

208

5,078.00

4,617.00

4,392.00

4,071.00

14,517.00

In millions of USD
(except for per share items)
Cash & Equivalents
Cash and Short
Term Investments
Accounts
Receivable - Trade,
Gross
Provision for
Doubtful Accounts
Accounts
Receivable - Trade,
Net
Receivables - Other
Total Receivables,
Net
Inventories Finished Goods
Inventories - Raw
Materials
Total Inventory
Prepaid Expenses
Deferred Income
Tax - Current Asset
Other Current
Assets
Other Current
Assets, Total
Total Current
Assets
Buildings - Gross
Land /
Improvements Gross
Machinery /
Equipment - Gross
Construction in
Progress - Gross
Property / Plant /
Equipment, Total Gross

-2,756.00

-2,387.00

-2,172.00

-2,188.00

-8,274.00

2,322.00

2,230.00

2,220.00

1,883.00

6,243.00

132
3,923.00
371

124
3,771.00
283

131
3,828.00
187

0
3,487.00
246

604
3,234.00
925

371

283

187

246

925

9,510.00

9,094.00

8,596.00

7,972.00

15,589.00

565

589

606

570

1,243.00

1,072.00

967

1,035.00

872

1,832.00

632

16

162

620

1,782.00

--

--

--

--

46

262

239

139

130

171

48

37

--

--

--

310

276

139

130

217

Total Current
Liabilities

2,579.00

1,848.00

1,942.00

2,192.00

5,074.00

Long Term Debt

Total Long Term
Debt
Total Debt
Deferred Income
Tax Long Term
Liability
Deferred Income
Tax
Minority Interest
Pension Benefits Underfunded
Other Long Term
Liabilities

2,834.00
2,834.00

2,996.00
2,996.00

2,124.00
2,124.00

235
235

7,247.00
7,247.00

3,466.00
1,128.00

3,012.00
1,191.00

2,286.00
1,238.00

855
1,172.00

9,029.00
1,086.00

1,128.00

1,191.00

1,238.00

1,172.00

1,086.00

---

---

---

---

22
2,115.00

276

160

149

1,194.00

76

Accumulated
Depreciation, Total
Property / Plant /
Equipment, Total Net
Goodwill, Net
Intangibles, Net
Other Long Term
Assets
Other Long Term
Assets, Total
Total Assets

Accounts Payable
Accrued Expenses
Notes Payable /
Short Term Debt
Current Portion of
Long Term Debt /
Capital Leases
Customer
Advances
Income Taxes
Payable
Other Current
Liabilities
Other Current
liabilities, Total

Other Liabilities,
Total

276

160

149

1,194.00

2,191.00

6,817.00

6,195.00

5,453.00

4,793.00

15,620.00

3
3

3
3

3
3

3,367.00
3,367.00

495
495

3,825.00

3,745.00

3,628.00

3,277.00

1,126.00

638

57

-3,029.00

-1,831.00

-1,014.00

-200

-108

-41

-216

-142

36

--

-353

-258

-198

-228

--

-36

-5

-666

-430

-473

-345

-188

-666

Total Equity

2,693.00

2,899.00

3,143.00

3,179.00

-31

Total Liabilities &

Shareholders'
Equity

9,510.00

9,094.00

8,596.00

7,972.00

15,589.00

13,000.00

13,250.00

13,500.00

70,000.00

72,000.00

Total Liabilities
Common Stock
Common Stock,
Total
Additional Paid-In
Capital
Retained Earnings
(Accumulated
Deficit)
Treasury Stock Common
Translation
Adjustment
Minimum Pension
Liability
Adjustment
Other
Comprehensive
Income
Other Equity, Total

Employees

Coca-Cola Co., Consolidated Income Statement

USD $ in millions
12 months ended Dec 31, 2012 Dec 31, 2011
Net operating revenues
48,017
46,542
Cost of goods sold
-19,053
-18,216
Gross profit
28,964
28,326
Selling, general and administrative expenses
-17,738
-17,440
Other operating charges
-447
-732
Operating income
10,779
10,154
Interest income
471
483
Interest expense
-397
-417
Equity income (loss), net
819
690
Other income (loss), net
137
529
Income before income taxes
11,809
11,439
Income taxes
-2,723
-2,805
Consolidated net income
9,086
8,634
Net income attributable to noncontrolling interests
-67
-62
Net income attributable to shareowners of The Coca-Cola
Company
9,019
8,572
Source: Coca-Cola Co., Annual Reports
Stock Analysis on Net (www.stock-analysis-on.net)
Copyright 2012 EBIT Financial Analyses Center

Dec 31, 2010 Dec 31, 2009 Dec 31, 2008

35,119
30,990
31,944
-12,693
-11,088
-11,374
22,426
19,902
20,570
-13,158
-11,358
-11,774
-819
-313
-350
8,449
8,231
8,446
317
249
333
-733
-355
-438
1,025
781
-874
5,185
40
39
14,243
8,946
7,506
-2,384
-2,040
-1,632
11,859
6,906
5,874
-50
-82
-67
11,809

6,824

5,807

Coca-Cola Co., Consolidated Statement of Cash Flows

USD $ in millions
12 months ended Dec 31, 2012 Dec 31, 2011
Consolidated net income
9,086
8,634
Depreciation and amortization
1,982
1,954
Stock-based compensation expense
259
354
Deferred income taxes
632
1,028
Equity (income) loss, net of dividends
-426
-269
Foreign currency adjustments
-130
7
Significant (gains) losses on sales of assets, net
-98
-220
Other significant (gains) losses, net

Other operating charges

166
214
Other items
254
-335
(Increase) decrease in trade accounts receivable
-33
-562
(Increase) decrease in inventories
-286
-447
(Increase) decrease in prepaid expenses and other assets
-29
-350
Increase (decrease) in accounts payable and accrued expenses
Increase (decrease) in accrued taxes
Increase (decrease) in other liabilities
Net change in operating assets and liabilities
Net cash provided by operating activities
Purchases of short-term investments
Proceeds from disposals of short-term investments
Acquisitions and investments
Purchases of other investments
Proceeds from disposals of bottling companies and other investments
Purchases of property, plant and equipment
Proceeds from disposals of property, plant and equipment
Other investing activities
Net cash provided by (used in) investing activities
Issuances of debt
Payments of debt
Issuances of stock
Purchases of stock for treasury
Dividends
Other financing activities
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) during the year
Balance at beginning of year
Balance at end of year
Source: Coca-Cola Co., Annual Reports
Stock Analysis on Net (www.stock-analysis-on.net)

-556
770
-946
-1,080
10,645
-9,590
5,622
-1,535
-5,266

63
-132
-465
-1,893
9,474
-4,057
5,647
-977
-787

2,189
-2,780
143
-187
-11,404
42,791
-38,573
1,489
-4,559
-4,595
100
-3,347
-255
-4,361
12,803
8,442

562
-2,920
101
-93
-2,524
27,495
-22,530
1,569
-4,513
-4,300
45
-2,234
-430
4,286
8,517
12,803

Copyright 2012 EBIT Financial Analyses Center

Dec 31, 2010 Dec 31, 2009 Dec 31, 2008

11,859
6,906
5,874
1,443
1,236
1,228
380
241
266
617
353
-360
-671
-359
1,128
151
61
-42
-645
-43
-130
-4,713

264
134
209
477
221
153
-41
-404
148
182
-50
-165
-148
-332
63
656
-266
-13
370
9,532
-4,579
4,032
-2,511
-132

319
81
-178
-564
8,186
-2,130

-300
-22

-576
-121
-104
-755
7,571

-759
-240

972
-2,215
134
-106
-4,405
15,251
-13,403
1,666
-2,961
-4,068
50
-3,465
-166
1,496
7,021
8,517

240
-1,993
104
-48
-4,149
14,689
-12,326
664
-1,518
-3,800
-2
-2,293
576
2,320
4,701
7,021

479
-1,968
129
-4
-2,363
4,337
-4,308
595
-1,079
-3,521
-9
-3,985
-615
608
4,093
4,701

2012

Coca Cola International

2011 2010 2009

2008

Pepsi Co. International

2012 2011 2010 2009

Profitability Ratios
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on Total Assets
Return on stockholder's equity
Return on common equity

0.60
0.22
0.19
1.28
3.35
3.35

Liquidity Ratios
Current Ratio
Quick Ratio
Inventory to Net Working Capital

Activity Ratio
Inventory Turnover
Fixed Asset Turnover
Total Asset Turover
Account Receivable Turnover
Average Collection Period
Account Paybale Turnover
Average Payables Period
Sales Per Employee
Net Income Per Employee

0.64
0.24
0.34
1.74
3.76
3.76

0.64
0.64
0.27
0.26
0.22
0.18
1.17
0.51
2.15 -187.32
2.15 -187.32

0.52
0.14
0.09
0.08
0.28
0.28

0.52
0.14
0.10
0.09
0.31
0.31

0.54
0.14
0.11
0.09
0.30
0.30

0.54
0.19
0.14
0.15
0.36
0.36

2012
1.07
0.92
2.11

Coca Cola International

2011 2010 2009
1.45
1.15
1.07
1.24
0.96
0.94
0.48
1.27
1.76

2008
0.90
0.73
-1.84

Pepsi Co. International

2012 2011 2010 2009
1.10 0.96 1.11 1.44
0.89 0.75 0.89 1.14
2.20 -5.37 2.01 0.69

2012
0.36
1.29
1.05
27.15

Coca Cola International

2011 2010 2009
2008
0.33
0.27
0.11
0.58
1.04
0.73
0.27 -291.26
1.03
0.68
0.07 -233.77
24.35 11.53 23.19 19.28

Pepsi Co. International

2012 2011 2010 2009
0.32 0.28 0.29 0.19
1.05 0.98 0.93 0.42
1.05 0.98 0.93 0.42
10.14 11.25 9.23 20.26

Leverage Ratios
Debt to Assets
Debt to Equity
Long term Debt to Equity
Times Interest Earned

0.61
0.22
0.18
1.30
2.96
2.96

Coca Cola International

2012 2011 2010 2009
218.26 206.85 152.69 160.57
20.68 20.87 15.82 16.46
5.05
5.12
4.09
3.89
33.14 33.17 26.11 23.44
11.01 11.00 13.98 15.57
33.72 30.93 20.95 19.45
10.82 11.80 17.43 18.76
3.69
3.51
2.60
0.44
0.70
0.65
0.88
0.10

2008
49.99
5.12
2.05
14.48
25.21
9.15
39.89
0.44
0.08

Pepsi Co. International

2012 2011 2010 2009
18.29 17.38 17.15 16.51
3.42 3.38 3.03 3.41
0.88 0.91 0.85 1.08
9.30 9.62 9.15 9.35
39.24 37.94 39.90 39.04
7.03 7.74 6.88 6.98
51.92 47.17 53.08 52.32

nternational
2008

0.53
0.16
0.12
0.14
0.43
0.43

nternational
2008
1.23
0.94
1.25

nternational
2008
0.22
0.62
0.62
21.15

nternational
2008
17.15
3.71
1.20
9.24
39.52
7.15
51.04

PepsiCo Inc., Consolidated Income Statement

USD $ in millions
12 months ended Dec 29, 2012 Dec 31, 2011
Net revenue
65,492
66,504
Cost of sales
-31,291
-31,593
Gross profit
34,201
34,911
Selling, general and administrative expenses
-24,970
-25,145
Amortization of intangible assets
-119
-133
Operating profit
9,112
9,633
Bottling equity income

Interest expense
-899
-856
Interest income and other
91
57
Income before income taxes
8,304
8,834
Provision for income taxes
-2,090
-2,372
Net income
6,214
6,462
Net income attributable to noncontrolling interests
-36
-19
Net income attributable to PepsiCo
6,178
6,443
Source: PepsiCo Inc., Annual Reports
Stock Analysis on Net (www.stock-analysis-on.net)
Copyright 2012 EBIT Financial Analyses Center

Dec 25, 2010 Dec 26, 2009 Dec 27, 2008

57,838
43,232
43,251
-26,575
-20,099
-20,351
31,263
23,133
22,900
-22,814
-15,026
-15,877
-117
-63
-64
8,332
8,044
6,959
735
365
374
-903
-397
-329
68
67
41
8,232
8,079
7,045
-1,894
-2,100
-1,879
6,338
5,979
5,166
-18
-33
-24
6,320
5,946
5,142

PepsiCo Inc., Consolidated Statement of Financial Position, Assets

USD $ in millions

Cash and cash equivalents

Short-term investments
Accounts and notes receivable, net
Inventories

Dec 29, 2012 Dec 31, 2011 Dec 25, 2010 Dec 26, 2009
6,297
4,067
5,943
3,943
322
358
426
192
7,041
6,912
6,323
4,624
3,581
3,827
3,372
2,618

Prepaid expenses and other current assets

Current assets
Property, plant and equipment, net
Amortizable intangible assets, net
Goodwill

1,479
18,720
19,136
1,781
16,971

2,277
17,441
19,698
1,888
16,800

1,505
17,569
19,058
2,025
14,661

1,194
12,571
12,671
841
6,534

Other nonamortizable intangible assets

Nonamortizable intangible assets
Investments in noncontrolled affiliates

14,744
31,715
1,633

14,557
31,357
1,477

11,783
26,444
1,368

1,782
8,316
4,484

136
195

159
186

165
203

118
182

62
718
542
1,653
55,918
74,638
4,815
4,451
2,187
1,705
838
2,722

65
89
522
1,021
55,441
72,882
6,205
4,083
1,915
1,771
813
3,175

121
653
547
1,689
50,584
68,153
4,898
3,865
1,841
1,779
766
2,672

143
64
89
369
965
27,277
39,848
464
2,881
1,656
1,291
706
1,593

11,903
371
17,089
23,544
6,543
5,063
35,150
52,239
41
-164

11,757
192
18,154
20,568
8,266
4,995
33,829
51,983
41
-157

10,923
71
15,892
19,999
6,729
4,057
30,785
46,677
41
-150

8,127
165
8,756
7,400
5,591
659
13,650
22,406
41
-145

Noncurrent notes and accounts receivable

Deferred marketplace spending
Unallocated purchase price for recent
acquisitions
Pension plans
Other investments
Other
Other assets
Noncurrent assets
Total assets
Short-term obligations
Accounts payable
Accrued marketplace spending
Accrued compensation and benefits
Dividends payable
Other current liabilities
Accounts payable and other current
liabilities
Income taxes payable
Current liabilities
Long-term debt obligations
Other liabilities
Deferred income taxes
Noncurrent liabilities
Total liabilities
Preferred stock, no par value
Repurchased preferred stock

Common stock
Capital in excess of par value
Retained earnings

26
4,178
43,158

31
4,461
40,316

31
4,527
37,090

30
250
33,805

Accumulated other comprehensive loss

Repurchased common stock, in excess of par
value

-5,487

-6,229

-3,630

-3,794

-19,458

-17,875

-16,745

-13,383

Total PepsiCo shareholders' equity

Noncontrolling interests
Total equity
Total liabilities and equity

22,294
105
22,399
74,638

20,588
311
20,899
72,882

21,164
312
21,476
68,153

16,804
638
17,442
39,848

Dec 27, 2008

2,064
213
4,683
2,522
1,324
10,806
11,663
732
5,124
1,128
6,252
3,883
115
219
1,594
28

702
2,658
25,188
35,994
369
2,846
1,574
1,269
660
1,924
8,273
145
8,787
7,858
6,541
226
14,625
23,412
41
-138

30
351
30,638
-4,694
-14,122
12,106
476
12,582
35,994

PepsiCo Inc., Consolidated Statement of Cash Flows

USD $ in millions
12 months ended Dec 29, 2012 Dec 31, 2011 Dec 25, 2010
Net income
6,214
6,462
6,338
Depreciation and amortization
2,689
2,737
2,327
Stock-based compensation expense
278
326
299
Merger and integration costs
16
329
808
Cash payments for merger and integration costs
Restructuring and impairment charges
Cash payments for restructuring charges
Restructuring and other charges related to the
transaction with Tingyi
Cash payments for restructuring and other charges
related to the transaction with Tingyi
Gain on previously held equity interests in PBG and
PAS
Asset write-off
Non-cash foreign exchange loss related to Venezuela
devaluation
Excess tax benefits from share-based payment
arrangements
Pension and retiree medical plan contributions
Pension and retiree medical plan expenses
Bottling equity income, net of dividends
Deferred income taxes and other tax charges and
credits
Change in accounts and notes receivable
Change in inventories
Change in prepaid expenses and other current assets
Change in accounts payable and other current
liabilities
Change in income taxes payable
Change in operating capital
Other, net
Net cash provided by operating activities
Capital spending
Sales of property, plant and equipment
Acquisitions of PBG and PAS, net of cash and cash
equivalents acquired
Acquisition of manufacturing and distribution rights
from DPSG
Acquisition of WBD, net of cash and cash equivalents
acquired

-83
279
-343

-377
383
-31

-385

-31

176

-109

-958
145

120

-124
-1,865
796

-70
-349
571

-107
-1,734
453
42

321
-250
144

495
-666
-331

500
-268
276

89

-27

144

548
-97
434
-200
8,479
-2,714
95

520
-340
-844
-688
8,944
-3,339
84

488
123
763
-132
8,448
-3,253
81

-2,833

-900

-2,428

Investment in WBD

-164

-463

-306

-121
-32

-601
780

-83
12

-12

21

29

Short-term investments, three months or less, net

Other investing, net
Net cash used for investing activities
Proceeds from issuances of long-term debt
Payments of long-term debt
Debt repurchase
Short-term borrowings, more than three months,
proceeds
Short-term borrowings, more than three months,
payments

61
12
-3,005
5,999
-2,449

45
-16
-5,618
3,000
-1,596
-771

-229
-17
-7,668
6,451
-59
-500

549

523

227

-248

-559

-96

Short-term borrowings, three months or less, net

Cash dividends paid
Share repurchases, common
Share repurchases, preferred
Proceeds from exercises of stock options
Excess tax benefits from share-based payment
arrangements
Acquisition of noncontrolling interests
Other financing
Net cash provided by (used for) financing
activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year

-1,762
-3,305
-3,219
-7
1,122

339
-3,157
-2,489
-7
945

2,351
-2,978
-4,978
-5
1,038

124
-68
-42

70
-1,406
-27

107
-159
-13

-3,306

-5,135

1,386

62

-67

-166

2,230
4,067
6,297

-1,876
5,943
4,067

2,000
3,943
5,943

Cash payments related to the transaction with Tingyi

Other acquisitions and investments in noncontrolled
affiliates
Divestitures
Cash restricted for pending acquisitions
Cash proceeds from sale of PBG and PAS stock
Short-term investments, more than three months,
purchases
Short-term investments, more than three months,
maturities

Dec 26, 2009 Dec 27, 2008

5,979
5,166
1,635
1,543
227
238
50

-49
36
-196

543
-180

-42
-1,299
423
-235

-107
-219
459
-202

284
188
17

573
-549
-345

-127

-68

-133
319
264
-281
6,796
-2,128
58

718
-180
-424
-391
6,999
-2,446
98

-500
99
15

-1,925
6
-40
358

-29

-156

71

62

13

-2,401
1,057
-226

1,376

-2,667
3,719
-649

26

89

-81

-269

-963
-2,732

-7
413

625
-2,541
-4,720
-6
620

42

-26

107

-2,497

-3,025

-19

-153

1,879
2,064
3,943

1,154
910
2,064