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PepsiCo.

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PepsiCo.

Appendix A

Pepsi Co. Balance Sheet

Period Ending: Trend 12/30/2017 12/31/2016 12/26/2015 12/27/2014

Current Assets

Cash and Cash $10,610,000 $9,158,000 $9,096,000 $6,134,000

Equivalents

Short-Term Investments $8,900,000 $6,967,000 $2,913,000 $2,592,000

Net Receivables $7,024,000 $6,694,000 $6,437,000 $6,651,000

Inventory $2,947,000 $2,723,000 $2,720,000 $3,143,000

Other Current Assets $1,546,000 $908,000 $1,865,000 $2,143,000

Total Current Assets $31,027,000 $26,450,000 $23,031,000 $20,663,000

Long-Term Assets

Long-Term Investments $2,042,000 $1,950,000 $2,311,000 $2,689,000

Fixed Assets $17,240,000 $16,591,000 $16,317,000 $17,244,000

Goodwill $14,744,000 $14,430,000 $14,177,000 $14,965,000

Intangible Assets $13,838,000 $13,433,000 $13,081,000 $14,088,000

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PepsiCo.

Period Ending: Trend 12/30/2017 12/31/2016 12/26/2015 12/27/2014

Other Assets $913,000 $636,000 $750,000 $860,000

Deferred Asset Charges $0 $0 $0 $0

Total Assets $79,804,000 $73,490,000 $69,667,000 $70,509,000

Current Liabilities

Accounts Payable $15,017,000 $14,243,000 $13,507,000 $13,016,000

Short-Term Debt / $5,485,000 $6,892,000 $4,071,000 $5,076,000

Current Portion of Long-
Term Debt

Other Current Liabilities $0 $0 $0 $0

Total Current Liabilities $20,502,000 $21,135,000 $17,578,000 $18,092,000

Long-Term Debt $33,796,000 $30,053,000 $29,213,000 $23,821,000

Other Liabilities $11,283,000 $6,669,000 $5,887,000 $5,744,000

Deferred Liability $3,242,000 $4,434,000 $4,959,000 $5,304,000

Charges

Misc. Stocks ($156,000) ($151,000) ($145,000) ($140,000)

Minority Interest $92,000 $104,000 $107,000 $110,000

Total Liabilities $68,759,000 $62,244,000 $57,599,000 $52,931,000

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PepsiCo.

Period Ending: Trend 12/30/2017 12/31/2016 12/26/2015 12/27/2014

Stock Holders’ Equity

Common Stocks $24,000 $24,000 $24,000 $25,000

Capital Surplus $3,996,000 $4,091,000 $4,076,000 $4,115,000

Retained Earnings $52,839,000 $52,518,000 $50,472,000 $49,092,000

Treasury Stock ($32,757,000) ($31,468,000) ($29,185,000) ($24,985,000)

Other Equity ($13,057,000) ($13,919,000) ($13,319,000) ($10,669,000)

Total Equity $11,045,000 $11,246,000 $12,068,000 $17,578,000

Total Liabilities & Equity $79,804,000 $73,490,000 $69,667,000 $70,509,000

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PepsiCo.

Appendix B

Pepsi Co. Income Statement (Values in 000’s)

Period Ending: Trend 12/30/2017 12/31/2016 12/26/2015 12/27/2014

Total Revenue $63,525,000 $62,799,000 $63,056,000 $66,683,000

Cost of Revenue $28,785,000 $28,209,000 $28,731,000 $31,238,000

Gross Profit $34,740,000 $34,590,000 $34,325,000 $35,445,000

Operating Expenses

Research and Development $0 $0 $0 $0

Sales, General and Admin. $24,231,000 $24,805,000 $24,613,000 $25,772,000

Non-Recurring Items $0 $0 $1,359,000 $0

Other Operating Items $0 $0 $0 $92,000

Operating Income $10,509,000 $9,785,000 $8,353,000 $9,581,000

Add'l income/expense items $244,000 $110,000 $59,000 $85,000

Earnings Before Interest and $10,753,000 $9,895,000 $8,412,000 $9,666,000

Tax

Interest Expense $1,151,000 $1,342,000 $970,000 $909,000

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PepsiCo.

Period Ending: Trend 12/30/2017 12/31/2016 12/26/2015 12/27/2014

Earnings Before Tax $9,602,000 $8,553,000 $7,442,000 $8,757,000

Income Tax $4,694,000 $2,174,000 $1,941,000 $2,199,000

Minority Interest ($51,000) ($50,000) ($49,000) ($45,000)

Equity Earnings/Loss $0 $0 $0 $0
Unconsolidated Subsidiary

Net Income-Cont. Operations $4,857,000 $6,329,000 $5,452,000 $6,513,000

Net Income $4,857,000 $6,329,000 $5,452,000 $6,513,000

Net Income Applicable to $4,857,000 $6,329,000 $5,452,000 $6,513,000

Common Shareholders
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PepsiCo.

Appendix C

Pepsi Co. Stock Report

Stock Report Details

Issue Sub Type Common Exchange "Exchange" is a marketplace in NASDAQ-GS

Stock which shares, options and futures on stocks,
bonds, commodities, and indexes are traded.
Principal U.S. stock exchanges are: New York
Stock Exchange (NYSE), American Stock
Exchange (AMEX), and National Association
of Securities Dealers Automatic Quotation
System (Nasdaq).

52 Week High "52 Week 122.51 52 Week Low "52 Week Low" is the lowest 106.19
High" is the highest sales sales price the stock has fallen to during the
price the stock has regular trading hours during the most recent
achieved during the 52 week period.
regular trading hours
during the most recent
52 week period.

Dividend Yield "Dividend 2.86 % Annual Dividend $ 3.22

Yield" is the indicated
yield represents annual
dividends divided by
current stock price.

P/E Ratio "P/E Ratio" is 33.45 Shares Outstanding 1,422,143,000

the current stock price
divided by trailing
annual earnings per
share or expected
annual earnings per
share.
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PepsiCo.

Appendix D

Pepsi Co. Inc. Annual Effective Tax Rate

(Dec 30 (Dec 31 (Dec 26 (Dec 28

(FY 2014)
PEP Annual Effective Tax Rate 2017) 2016) 2015) 2013)

Y / Y Annual Pre-Tax Income Growth 12.26 % 14.93 % -15.02 % -1.51 % 7.07 %

Y / Y Annual Income taxes expenses / -

115.92 % 12 % -11.73 % 4.52 % 0.67 %
benefit Growth

Annual Effective Tax Rate 48.89 % 25.42 % 26.08 % 25.11 % 23.66 %