10-QPeriod: Q1 FY2002

PEPSICO INC Quarterly Report for Q1 Ended Mar 23, 2002

Filed May 1, 2002For Securities:PEP

Summary

This 10-Q filing for PepsiCo, Inc., covering the period ending March 22, 2002, primarily details the exhibits and reports filed during the quarter, including press releases related to earnings announcements and financial presentation materials concerning accounting standard adjustments. Investors should note that this filing does not contain comprehensive financial statements or management's discussion and analysis, as the core financial performance details would typically be found in the press releases referenced or previous filings. The focus is on the reporting of significant events and disclosures rather than a deep dive into operational performance for the quarter itself. Key disclosures include the filing of earnings results for the fourth quarter of 2001 and the first 12 weeks of 2002. Additionally, there were significant filings related to adjustments for SFAS 142 (goodwill impairment) and EITF 01-9 (accounting for certain SEC staff accounting bulletins), indicating potential impacts on the company's balance sheet and earnings going forward. The report also lists exhibits such as the computation of the ratio of earnings to fixed charges, which provides insight into the company's ability to service its debt obligations.

Key Highlights

  • 1Filed press release announcing earnings for the 12 weeks ended March 23, 2002 (filed April 23, 2002).
  • 2Filed press release announcing earnings for the fourth quarter of 2001 (filed February 6, 2002).
  • 3Submitted financial presentation materials regarding adjustments for SFAS 142 and EITF 01-9.
  • 4Filed presentation materials for a webcast concerning SFAS 142 and EITF 01-9 adjustments.
  • 5Includes an exhibit for the Computation of Ratio of Earnings to Fixed Charges.
  • 6Includes an exhibit for a Letter regarding Unaudited Interim Financial Information.

Frequently Asked Questions

This particular 10-Q filing primarily lists exhibits and reports filed during the quarter, including press releases on earnings. The detailed financial results for the 12 weeks ended March 23, 2002, were announced via a press release filed on April 23, 2002. For specific figures, investors should refer to that press release or the full financial statements that would accompany a more comprehensive filing.

SFAS 142 relates to accounting for goodwill and other intangible assets, requiring companies to stop amortizing goodwill and instead test it annually for impairment. EITF 01-9 addresses accounting for certain SEC Staff Accounting Bulletins. These adjustments can impact a company's reported earnings and balance sheet, potentially affecting profitability and asset valuations.

This 10-Q filing is focused on reporting exhibits and specific events. For a comprehensive understanding of PepsiCo's financial performance, investors should consult the earnings press releases filed on February 6, 2002, and April 23, 2002, as well as the company's full financial statements for the period, which may be found in subsequent filings or the company's investor relations website.