PepsiCo, the beverage and food conglomerate, reported net income of $6,338 million for 2010 and $8,448 million
Question:
PepsiCo, the beverage and food conglomerate, reported net income of $6,338 million for 2010 and $8,448 million in cash flow from operations. How much of the net income reported was accruals?
PepsiCo reported the following in the investment section of its cash flow statement for 2010 (in millions of dollars):
Capital spending ………………………………………………. (3,270)
Sales of property, plant, and equipment ………………………. 81
Acquisitions and investments in affiliates …………………….. (4,279)
Divestitures …………………………………………………… 12
Short-term investments, by maturity:
More than three months purchases …………………………… (12)
More than three months maturities …………………………… 29
Three months or less, net …………………………………….. (229)
Net cash used for investing activities ………………………… (7,668)
How much did PepsiCo invest in operations during 2010?
Step by Step Answer:
Financial Statement Analysis and Security Valuation
ISBN: 978-0078025310
5th edition
Authors: Stephen Penman