Pepsi 2013 Annual Report Download - page 85

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67
Consolidated Statement of Income
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 28, 2013, December 29, 2012 and December 31, 2011
(in millions except per share amounts)
2013 2012 2011
Net Revenue $ 66,415 $ 65,492 $ 66,504
Cost of sales 31,243 31,291 31,593
Selling, general and administrative expenses 25,357 24,970 25,145
Amortization of intangible assets 110 119 133
Operating Profit 9,705 9,112 9,633
Interest expense (911) (899) (856)
Interest income and other 97 91 57
Income before income taxes 8,891 8,304 8,834
Provision for income taxes 2,104 2,090 2,372
Net income 6,787 6,214 6,462
Less: Net income attributable to noncontrolling interests 47 36 19
Net Income Attributable to PepsiCo $ 6,740 $ 6,178 $ 6,443
Net Income Attributable to PepsiCo per Common Share
Basic $ 4.37 $ 3.96 $ 4.08
Diluted $ 4.32 $ 3.92 $ 4.03
Weighted-average common shares outstanding
Basic 1,541 1,557 1,576
Diluted 1,560 1,575 1,597
Cash dividends declared per common share $ 2.24 $ 2.1275 $ 2.025
See accompanying notes to consolidated financial statements.