PepsiCo Files 2024 10-K, Details Financials

TL;DR

PepsiCo's 2024 10-K is in. Shows debt, but business is humming.

AI Summary

PepsiCo Inc. filed its 10-K for the fiscal year ending December 28, 2024. The company, headquartered at 700 Anderson Hill Rd, Purchase, NY, reported on its financial performance and business operations. Key financial instruments mentioned include various notes due in 2026, 2027, and 2028, indicating ongoing debt management.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of PepsiCo's financial health and strategic direction for the past fiscal year, influencing investment decisions and market perception.

Risk Assessment

Risk Level: low — PepsiCo is a large, established company with a diversified product portfolio, generally indicating lower risk.

Key Players & Entities

• PEPSICO INC (company) — Filer of the 10-K
• 700 ANDERSON HILL RD (location) — Company business and mailing address
• PURCHASE, NY (location) — City and State of company address
• 20241228 (date) — Fiscal year end date
• 20250204 (date) — Filing date
• pep:TwoPointSixTwoFivePercentNotesDue2026Member (financial_instrument) — Debt instrument mentioned
• pep:ZeroPointSevenFivePercentNotesDue2027Member (financial_instrument) — Debt instrument mentioned
• pep:ZeroPointEightSevenFivePercentNotesDue2028Member (financial_instrument) — Debt instrument mentioned
• pep:ZeroPointFivePercentNotesDue2028Member (financial_instrument) — Debt instrument mentioned

FAQ

Filing Documents

• pep-20241228.htm (10-K) — 3819KB
• pep-20241228_g1.jpg (GRAPHIC) — 78KB
• pepsico2024form10-kxex476.htm (EX-4.76) — 171KB
• pepsico2024form10-kxex106.htm (EX-10.6) — 287KB
• pepsico2024form10-kxex107.htm (EX-10.7) — 209KB
• pepsico2024form10-kxex1010.htm (EX-10.10) — 772KB
• pepsico202410-kxexhibit1011.htm (EX-10.11) — 280KB
• pepsico2024form10-kxex19.htm (EX-19) — 35KB
• pepsico202410-kexhibit21.htm (EX-21) — 283KB
• pepsico2024form10-kxex22.htm (EX-22) — 3KB
• pepsico202410-kexhibit23.htm (EX-23) — 13KB
• pepsico202410-kexhibit24.htm (EX-24) — 40KB
• pepsico202410-kexhibit31.htm (EX-31) — 20KB
• pepsico202410-kexhibit32.htm (EX-32) — 8KB
• 0000077476-25-000007.txt ( ) — 24878KB
• pep-20241228.xsd (EX-101.SCH) — 163KB
• pep-20241228_cal.xml (EX-101.CAL) — 163KB
• pep-20241228_def.xml (EX-101.DEF) — 1076KB
• pep-20241228_lab.xml (EX-101.LAB) — 1668KB
• pep-20241228_pre.xml (EX-101.PRE) — 1340KB
• pep-20241228_htm.xml (XML) — 4288KB

Risk Factors

Item 1A. Risk Factors 12

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 26

Cybersecurity

Item 1C. Cybersecurity 26

Properties

Item 2. Properties 28

Legal Proceedings

Item 3. Legal Proceedings 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 29 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 33

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 120

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 120

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 120

Controls and Procedures

Item 9A. Controls and Procedures 120

Other Information

Item 9B. Other Information 121

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 121 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 121

Executive Compensation

Item 11. Executive Compensation 122

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 122

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 122

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 122 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 123

Form 10-K Summary

Item 16. Form 10-K Summary 123 1 Table of Contents

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (Reform Act). Statements that constitute forward-looking statements within the meaning of the Reform Act are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "expressed confidence," "forecast," "future," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "position," "potential," "project," "seek," "should," "strategy," "target," "will" or similar statements or variations of such words and other similar expressions. All statements addressing our future operating performance, and statements addressing events and developments that we expect or anticipate will occur in the future, are forward-looking statements within the meaning of the Reform Act. These forward-looking statements are based on currently available information, operating plans and projections about future events and trends. They inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in any such forward-looking statement. These risks and uncertainties include, but are not limited to, those described in "Item 1A. Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations – Our Business – Our Business Risks." Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. The discussion of risks in this report is by no means all-inclusive but is designed to highlight what we believe are important factors to consider when evaluating our future performan

Business

Item 1. Business. When used in this report, the terms "we," "us," "our," "PepsiCo" and the "Company" mean PepsiCo, Inc. and its consolidated subsidiaries, collectively. Certain terms used in this Annual Report on Form 10-K are defined in the Glossary included in Item 7. of this report. Company Overview We were incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. We are a leading global beverage and convenient food company with a complementary portfolio of brands, including Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Through our operations, authorized bottlers, contract manufacturers and other third parties, we make, market, distribute and sell a wide variety of beverages and convenient foods, serving customers and consumers in more than 200 countries and territories. Our Operations We are organized into seven reportable segments (also referred to as divisions), as follows: 1) Frito-Lay North America (FLNA), which includes our branded convenient food businesses in the United States and Canada; 2) Quaker Foods North America (QFNA), which includes our branded convenient food businesses, such as cereal, rice, pasta and other branded food, in the United States and Canada; 3) PepsiCo Beverages North America (PBNA), which includes our beverage businesses in the United States and Canada; 4) Latin America (LatAm), which includes all of our beverage and convenient food businesses in Latin America; 5) Europe, which includes all of our beverage and convenient food businesses in Europe; 2 Table of Contents 6) Africa, Middle East and South Asia (AMESA), which includes all of our beverage and convenient food businesses in Africa, the Middle East and South Asia; and 7) Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of our beverage and convenient food businesses in Asia Pacific, Australia and New Zealand, and China region. Frito-Lay North America Either independ

View Full Filing

View this 10-K filing on SEC EDGAR