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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 6, 1997 (12 and 36 Weeks Ended)
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 1-1183
PEPSICO, INC.
(Exact name of registrant as specified in its charter)
North Carolina 13-1584302
(State or other jurisdiction of (I.R.S.
Employer incorporate or organization) Identification No.)
700 Anderson Hill Road
Purchase, New York 10577
(Address of principal executive offices) (Zip Code)
914-253-2000
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last
report.)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.
YES X NO
Number of shares of Capital Stock outstanding as of October 3, 1997:
1,517,085,909
PEPSICO, INC. AND SUBSIDIARIES
PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
(in millions except per share amounts)
52 Weeks Ended
Historical Pro Forma Pro Forma
12/28/96 Adjustments 12/28/96
(audited) (unaudited) (unaudited)
Net Sales $20,337 $20,337
Costs and Expenses, net
Cost of sales 8,452 8,452
Selling, general and
administrative expenses 9,063 9,063
Amortization of intangible
assets 206 206
Unusual items 576 576
Operating Profit 2,040 2,040
Interest expense (565) $ 200(a) (365)
Interest income 91 - 91
Income from Continuing Operations
Before Income Taxes 1,566 200(a) 1,766
Provision for Income Taxes 624 74(b) 698
Income from Continuing
Operations 942 126 1,068
Income from Discontinued
Operations, net of tax 207 (207)(c) -
Net Income $ 1,149 $ (81) $ 1,068
Income per share
Continuing Operations $ 0.59 $ 0.67
Discontinued Operations 0.13 -
Net Income Per Share $ 0.72 $ 0.67
Average Shares Outstanding
Used To Calculate
Income Per Share 1,606 1,606
See accompanying Notes to Unaudited Pro Forma Financial Statements.
- -10-
Pursuant to the requirement of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned.
PEPSICO, INC.
(Registrant)
Date: January 30, 1998 Sean F. Orr
Senior Vice President and
Controller
Date: January 30, 1998 Lawrence F. Dickie
Vice President, Associate General
Counsel and Assistant Secretary