Summary
PepsiCo's 2013 10-K filing highlights a year of continued strategic investment in its core brands and innovation, alongside a robust productivity program that yielded over $900 million in savings. The company demonstrated resilience, with net income attributable to PepsiCo increasing by 9% and diluted EPS growing by 10%. Key initiatives included expanding its portfolio of more nutritious products, enhancing digital capabilities, and strengthening its global supply chain to address geopolitical and social instability. The company also returned $6.4 billion to shareholders through share repurchases and dividends, signaling a commitment to shareholder value. Looking ahead, PepsiCo outlined a strategy focused on continued investment in developing and emerging markets, broadening its product portfolio with healthier options, further developing digital tools, protecting its supply chain, and managing commodity volatility. The company's 'Performance with Purpose' goal remains central, emphasizing sustained value creation through a diverse product range, environmental responsibility, employee well-being, and community investment.
Financial Highlights
52 data points| Revenue | $66.42B |
| Cost of Revenue | $31.24B |
| Gross Profit | $35.17B |
| R&D Expenses | $665.00M |
| SG&A Expenses | $25.36B |
| Operating Income | $9.71B |
| Interest Expense | $911.00M |
| Net Income | $6.74B |
| EPS (Basic) | $4.37 |
| EPS (Diluted) | $4.32 |
| Shares Outstanding (Basic) | 1.54B |
| Shares Outstanding (Diluted) | 1.56B |
Key Highlights
- 1Net income attributable to PepsiCo increased by 9% to $6.74 billion, with diluted EPS growing 10% to $4.32.
- 2The company executed a multi-year productivity program that generated over $900 million in savings during 2013.
- 3PepsiCo returned $6.4 billion to shareholders in 2013 through dividends ($3.4 billion) and share repurchases ($3.0 billion).
- 4Strategic investments were made in key global brands and innovation, including the launch of Mountain Dew Kickstart and the opening of a new innovation center in Shanghai.
- 5The company is focusing on expanding its portfolio of more nutritious products and reducing sodium, added sugars, and saturated fat in select brands.
- 6Significant investments were planned for developing and emerging markets to capitalize on growth opportunities.
- 7Foreign exchange headwinds impacted net revenue and operating profit, with unfavorable movements particularly noted in Venezuela, Brazil, Egypt, and Russia.