Income StatementBalance SheetCash FlowSegments
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PepsiCo Cash Flow Statement

Operating, investing, and financing cash movements

PepsiCo generated $13.1B in operating cash flow over the trailing twelve months. After $4.5B in capital expenditures, free cash flow was $8.8B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$13.1BNet Cash From Investing (TTM)-$11.1BNet Cash From Financing (TTM)-$5.1BCapital Expenditures (TTM)$4.5BDepreciation And Amortization Cf$742.0MNet Change In Cash (TTM)$2.2B
Latest FilingQ1 2026
Report Date2026-04-16
Market Cap$205.79B
P/E Ratio23.57
ROE43.92%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales of short-term available-for-sale investments—$0.0———$14.0M
Proceeds from Sales of Assets and Subsidiaries$31.0M$132.0M$169.0M$272.0M$0.0$13.0M
Capital expenditures$153.0M$603.0M$1.5B$2.5B$0.0$447.0M
Payment for (Proceeds from) Other Investing Activity—$2.0M$111.0M$117.0M—-$19.0M
Payments for (Proceeds from) Short-term investments, three months or less, net—-$16.0M-$22.0M-$43.0M—$9.0M
Payments to Acquire Businesses and Interest in Affiliates$64.0M$847.8M$847.8M$847.8M$847.8M—
Payments to Acquire Short-Term Investments$0.0——$190.0M——
Proceeds From Divestiture Of Businesses And Interests In Affiliates$41.5M$9.8M$9.8M$9.8M$9.8M—
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale—$425.0M$425.0M$425.0M—$0.0
Proceeds From Sale And Maturity Of Available For Sale Securities$0.0$151.3M$151.3M$151.3M$151.3M—
Sale of investments—$0.0———$14.0M
More than three months - Sales$0.0$0.0$0.0$0.0$0.0—
Proceeds from disposition of property, plant and equipment/other$31.0M$132.0M$169.0M$272.0M$0.0$13.0M
Net cash from investing activities-$491.0M-$1.2B-$4.1B-$5.2B—-$477.0M
Other investing activities—$2.0M$111.0M$117.0M—-$19.0M
Acquisitions, Affiliate Investments, and Intangible Purchases—$1.2B$3.1B$3.2B—$67.0M
Proceeds from maturities/sales of investments$0.0$0.0$425.0M$425.0M—$14.0M
Proceeds from sale of businesses—$132.0M$169.0M$272.0M—$13.0M
Proceeds from sale of PPE and intangibles$31.0M$132.0M$169.0M$272.0M$0.0$13.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - operating leases—$166.0M$329.0M$542.0M—$114.0M
ROU Asset Obtained for Lease Liability—$166.0M$329.0M$542.0M—$114.0M
Pension And Other Postretirement Benefit Expense$202.0M$48.0M$99.0M$164.0M$193.0M$13.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—-$2.7B-$2.1B-$1.6B—-$1.8B
Change in income taxes payable/receivable-$1.1B$223.0M$415.0M$6.0M-$1.1B$131.0M
Change in inventories—$238.0M$800.0M$449.0M—$315.0M
Change in other assets-$947.0M$307.0M$354.0M$223.0M—$406.0M
Other working capital changes—-$246.0M-$269.0M-$441.0M—-$157.0M
Change in receivables—$318.0M$1.6B$1.7B—$530.0M
Deferred income taxes-$424.0M$111.0M-$260.0M$30.0M$190.0M$226.0M
Depreciation and amortization—$684.0M$1.5B$2.3B—$742.0M
Severance Payments—$232.0M$387.0M$554.0M—$145.0M
Impairment charges$46.0M$213.0M$426.0M$567.0M—$133.0M
Net cash from operating activities$6.0B-$973.0M$996.0M$5.5B$6.6B$41.0M
Net income$1.5B$1.8B$1.3B$2.6B$2.6B$2.3B
Impairment and other charges——$1.9B$2.0B——
Increase (Decrease) in Accounts and Notes Receivable—$318.0M$1.6B$1.7B—$530.0M
Increase (Decrease) in Prepaid Expense and Other Assets-$947.0M$307.0M$354.0M$223.0M-$1.1B$406.0M
Non-cash operating lease expense—$145.0M$315.0M$489.0M—$162.0M
Operating lease right-of-use asset amortization—$145.0M$315.0M$489.0M—$162.0M
Payment for Pension and Other Postretirement Benefits—$317.0M$354.0M$400.0M—$270.0M
Restructuring charges, net of cash paid (Note 15)$46.0M$213.0M$426.0M$567.0M—$133.0M
Pension and postretirement benefit expense$202.0M$48.0M$99.0M$164.0M—$13.0M
Pension contributions—$317.0M$354.0M$400.0M—$270.0M
Business Combination Separately Recognized Gains and Losses—-$25.0M—-$308.0M—$113.0M
Payments for Merger Related Costs—$13.0M—$80.0M—$14.0M
Payments for Restructuring—$232.0M$387.0M$554.0M—$145.0M
Restructuring Costs and Asset Impairment Charges$46.0M$213.0M$426.0M$567.0M—$133.0M
Asset Impairment and Exit Costs, Net of Cash Paid$46.0M$213.0M$426.0M$567.0M—$133.0M
Restructuring Charges, Net of Cash Paid$46.0M$213.0M$426.0M$567.0M—$133.0M
Stock-based compensation—$77.0M$131.0M$207.0M—$93.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$3.5B$3.5B$8.2B—$3.0B
Repayments of debt—$1.5B$2.5B$3.2B—$1.6B
Dividends paid—$1.9B$3.7B$5.7B—$2.0B
Other, net-$11.0M-$2.0M-$17.0M-$18.0M-$36.0M-$1.0M
Short-term borrowings/(repayments) less than 90 days — net—$373.0M$2.4B$445.0M—$1.2B
Issuances - maturities longer than 90 days—$3.7B$5.3B$5.5B—$1.9B
Repayments of Short-Term Debt, Maturing in More than Three Months—$2.1B$2.5B$5.4B—$676.0M
Payment of Deferred Purchase Consideration-$11.0M-$2.0M-$17.0M-$18.0M-$36.0M-$1.0M
Noncontrolling interest transactions and other-$11.0M-$2.0M-$17.0M-$18.0M-$36.0M-$1.0M
Net cash from financing activities$0.0$1.8B$1.9B-$1.0B-$7.6B$1.7B
Other financing activities-$11.0M-$2.0M-$17.0M-$18.0M—-$1.0M
Proceeds from Short-Term Debt (Maturity > 3 Months)—$3.7B$5.3B$5.5B—$1.9B
Repayments of Short-Term Debt (Maturity > 3 Months)—$2.1B$2.5B$5.4B—$676.0M
Proceeds from Short-Term Debt (Maturity > 3 Months)—$3.7B$5.3B$5.5B—$1.9B
Repayments of Short-Term Debt (Maturity > 3 Months)—$2.1B$2.5B$5.4B—$676.0M
Noncontrolling Interests Activity and Other-$11.0M-$2.0M-$17.0M-$18.0M-$36.0M-$1.0M
Proceeds from Short-Term Debt (> 90 Days)—$3.7B$5.3B$5.5B—$1.9B
Repayments of Short-Term Debt (> 90 Days)—$2.1B$2.5B$5.4B—$676.0M
Proceeds from issuance of common stock—$50.0M$58.0M$76.0M—$93.0M
Repurchases of common stock—$183.0M$494.0M$752.0M—$182.0M
Net change in short-term borrowings—$373.0M$2.4B$445.0M—$1.2B
Taxes paid for net share settlement—$89.0M$111.0M$112.0M—$76.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$5.9B-$1.6B-$511.0M$3.0B$6.8B-$406.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$0.0$203.0M$422.0M$395.0M—$121.0M
Net increase (decrease) in cash—-$234.0M-$841.0M-$382.0M$2.1B$1.3B
Leased assets obtained in exchange for operating lease liabilities—$166.0M$329.0M$542.0M—$114.0M