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10-KFebruary 4, 20252/4/25· Fiscal Year Ended December 28, 2024· FY-End 12/28/24
PEP — 10-K Filing
Track for AlertsPEP 10-K Summary
:Consolidated Statement of Income – Fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022Consolidated Statement of Comprehensive Income – Fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022Consolidated Statement of Cash Flows – Fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022Consolidated Balance Sheet – December 28, 2024 and December 30, 2023Consolidated Statement of Equity – Fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022Notes to the Consolidated Financial Statements, andReport of Independent Registered Public Accounting Firm (PCAOB ID: 185).(a)2. Financial Statement SchedulesThese schedules are omitted because they are not required or because the information is set forth in the financial statements or the notes thereto.(a)3. ExhibitsSee Index to Exhibits. Item 16. Form 10-K Summary. None.123Table of ContentsINDEX TO EXHIBITSITEM 15(a)(3)The following is a list of the exhibits filed as part of this Form 10-K. The documents incorporated by reference can be viewed on the SEC’s website at http://www.sec.gov. EXHIBIT3.1Amended and Restated Articles of Incorporation of PepsiCo, Inc., effective as of May 1, 2019, which are incorporated herein by reference to Exhibit 3.1 to PepsiCo, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 3, 2019.3.2By-laws of PepsiCo, Inc., as amended and restated, effective as of September 20, 2024, which are incorporated herein by reference to Exhibit 3.2 to PepsiCo, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 20, 2024.4.1PepsiCo, Inc.
PEP Legal Proceedings Disclosed
Other Proceeding
Extracted from PEP’s 10-K filed February 4, 2025. The text below is the company’s own disclosure language; DredgeCap has not paraphrased, classified, or summarized it.
.We are party to the following litigation asserting claims for public nuisance, deceptive acts or practices in the conduct of business among other related claims allegedly resulting in plastic pollution in certain areas.•On November 15, 2023, the Attorney General of New York, on behalf of the people of the State of New York, filed a lawsuit against PepsiCo, Inc., Frito-Lay, Inc. and Frito-Lay North America, Inc. (the NYS Matter). This matter was assigned to the Commercial Division of the New York State Supreme Court – Erie County. On November 8, 2024, the court granted our motion to dismiss the complaint in its entirety. On December 9, 2024, the plaintiff filed an appeal to the New York State Supreme Court Appellate Division – Fourth Department. 28Table of Contents•On June 20, 2024, the Mayor and City Council of Baltimore, Maryland filed a lawsuit against PepsiCo, Inc., Frito-Lay, Inc., Frito-Lay North America, Inc., and several other unrelated parties (the Baltimore Matter). This matter is pending in the Circuit Court for Baltimore City, Maryland. •On October 29, 2024, County Counsel for the County of Los Angeles, on behalf of the people of the State of California, filed a lawsuit against PepsiCo, Inc., Pepsi Bottling Ventures LLC, and two other unrelated parties (the Los Angeles Matter). This lawsuit was filed in the Superior Court of the State of California for Los Angeles County. On December 2, 2024, the defendants removed the case to the United States District Court for the Central District of California, where the matter is currently pending.The lawsuits mentioned above do not specify the amount of damages sought and we believe we have strong defenses to each of the respective claims. In addition, we and our subsidiaries are party to a variety of litigation, claims, legal or regulatory proceedings, inquiries and investigations. While the results of the NYS Matter, Baltimore Matter, Los Angeles Matter and each such other litigation, claim, legal or regulatory proceeding, inquiry and investigation cannot be predicted with certainty, management believes that the final outcome of the foregoing will not have a material adverse effect on our financial condition, results of operations or cash flows. See also “Item 1. Business – Regulatory Matters” and “
Disclosure:Legal proceedings described above may contain allegations that have not been proven. Filings often disclose claims that are later dismissed, settled, or resolved without admission of wrongdoing. DredgeCap surfaces the company’s own disclosure language for investor-risk research only. This is not legal advice or investment advice.
Current DredgeCap Risk Profile
2.5/10
LOW RISK
Dilution Risk
LOW1.5/10
Liquidity Risk
LOW2.0/10
Debt Toxicity
LOW2.5/10
Profitability Risk
MODERATE3.0/10
Going Concern✓ Not flagged
The risk profile above reflects the latest cached DredgeCap analysis for PEP. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open PEP's company page.
What is a 10-K?
An annual report providing a comprehensive overview of the company's business and financial condition. Includes audited financial statements (signed off by an independent PCAOB-registered accounting firm), Risk Factors, Business description, MD&A, and disclosures about legal proceedings, controls, and corporate governance. The 10-K is the most important filing in US public-company disclosure.
The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.