Pepsi 2013 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2013 Pepsi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

69
Consolidated Statement of Cash Flows
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 28, 2013, December 29, 2012 and December 31, 2011
(in millions)
2013 2012 2011
Operating Activities
Net income $ 6,787 $ 6,214 $ 6,462
Depreciation and amortization 2,663 2,689 2,737
Stock-based compensation expense 303 278 326
Merger and integration costs 10 16 329
Cash payments for merger and integration costs (25) (83) (377)
Restructuring and impairment charges 163 279 383
Cash payments for restructuring charges (133) (343) (31)
Restructuring and other charges related to the transaction with Tingyi —176 —
Cash payments for restructuring and other charges related to the transaction with Tingyi (26) (109) —
Non-cash foreign exchange loss related to Venezuela devaluation 111 ——
Excess tax benefits from share-based payment arrangements (117) (124) (70)
Pension and retiree medical plan contributions (262) (1,865) (349)
Pension and retiree medical plan expenses 663 796 571
Deferred income taxes and other tax charges and credits (1,058) 321 495
Change in accounts and notes receivable (88) (250) (666)
Change in inventories 4144 (331)
Change in prepaid expenses and other current assets (51) 89 (27)
Change in accounts payable and other current liabilities 1,007 548 520
Change in income taxes payable 86 (97) (340)
Other, net (349) (200) (688)
Net Cash Provided by Operating Activities 9,688 8,479 8,944
Investing Activities
Capital spending (2,795) (2,714) (3,339)
Sales of property, plant and equipment 109 95 84
Acquisition of WBD, net of cash and cash equivalents acquired —— (2,428)
Investment in WBD —— (164)
Cash payments related to the transaction with Tingyi (3) (306) —
Other acquisitions and investments in noncontrolled affiliates (109) (121) (601)
Divestitures 133 (32) 780
Short-term investments, by original maturity
More than three months – maturities ——21
Three months or less, net 61 61 45
Other investing, net (21) 12 (16)
Net Cash Used for Investing Activities (2,625) (3,005) (5,618)
(Continued on following page)