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Comparative Analysis Case (Part Level Submission) online. Use the companies financial information to answer the following questions statements of Coca Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, inclading the notes to the financial statements, are available Y (b) What are the gross profits, operating profits, net incomes, and net incomes attributable to noncontrolling interests for these two companies over the 3-year period 2012-20147 Which company has had better financial results over this period of time? Pepsico 2014 2013 2012 Gross profit Operating prof Net income Net income attributed to noncontrollieng interest Coca Cola 2014 2013 2012 Gross proft Operating income Net income Net income attributed to noncontroling nterest Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is the world's largest beverage company. It owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling bever. ages, but also a variety of still beverages such as waters, enhanced waters, juices and ice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Finished products bearing Coca-Cola trademarks, sold in the United States since 1886 are now available in more than 200 countries. To access Coca-Cola's complete annual meport, including notes to the financial statements, follow these steps 1. Go to http/www.coca-colacompany.com/investors/ 2. Select Financial Reports and Information and then click on 2014 Annual Report on Form 10-K 3. The Notes to Consolidated Financial Statements begin on page 78. COCA-COLA CONSOLIDATED STATEMENTS OF INCOME REVENUES ATTREBUTABLE TO SHAREONERS OF THE Coc -COLA COMPANY VERAGE SHARES OUTSTANDENG C-1 Specimen Financial Statements: The Coca-Cola Company c-2 THE COCA-COLA COMPANY AND SURSEDEARSES STATEMENTS OF C 214 0312 INCOME ATTRIBUTABLE TO SIEAREOWNERS THE COCCOLA COMPANY AND SUBSIDI MES CONSOLIDATED BALANCE SHEETS 8358 $10,414 TOTAL CASIL CASH DOUTVALENTS AND SHORITERM INVESIMENTS rade accounts recelsahlc, les alowances of $331 and S61, respectively 32996 OTHER INVESTMENTS PROPERTY. PLANT AND EQUIPMENT-t TRADEMARKS wmnNDEFINTE LVS PLANT AND FQUIPMENT 14,967 12,100 OTHER INTANGIBLE ASSETS LIABILITIES AND EQUTH CURRENT LIABILITIES Accounts payable and accrued espens Loans and notes payable Lishilaties beild for sale LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS EQUITY 3,498 Common stock 50.25 par value: Authorined-11,200 shares Issued 7,040 and 7.40 shares,respectively Capital surples Accumulated other compeehensive income (loss) Treasory stock, atcost- 274 and 28 shares respoctively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EOUITY ATTRIBUTABLE TO NONCONTROLLING NTERSTS TOTAL BOourm 92,823 TOTAL LIABILITIES AND EQUITY C-3 Appendix C Specimen Finacial Statements: The Coca-Cola Company Specimen Financial Statements: The Coca-Cola Company C-4 EQUITY ATTREBUTABLE TO SHAREOWNERS OF THE COCAOOLA COMPANY LA COMPANY Acqaisition of interests held by soncontroling owners AT ABLE TO NONCONTROLLNG INTERESTS Specimen Financial Statements: PepsiCo, Inc. Pepsico, Inc. is a leading global food and beverage company with a complementary portfolio of enjoyable brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. Through its operations, authorized bottlers, contract manufacturers, and other third parties, PepsiCo makes, markets, distributes, and sells a wide variety of con- venient and enjoyable beverages, foods, and snacks, serving customers and consumers in more than 200 countries and territories. To access PepsiCo's complete annual report, including notes to the financial statements, follow these steps: 1. Go to http://www.pepsico.com/Investors. 2. Select SEC Filings and then the 10K, dated 2/12/2015 (select the pdf version). 3. Select Entire document. 4. The Notes to Consolidated Financial Statements begin on page 73. Censelidated Statement of Income PapsCo, Inc, and Subsidiaries Fiscal years ended December 27, 2014, December 28, 2013 and December 29, 2012 n milions except per share amounts) 2014 2013 2012 Cost of sales 26,126 25,357 110 24,970 Operating Profit 9,581 909) 112 (899) Intorest income and other 8,757 2,199 2.104 Net Less: Net income attributable to 558 6787 6214 s 6513 s 6,740 Net Income Attributable to PepsiCo per Common Share Diluted 427 S 432 S 1,541 224 $ 2.1275 3.92 Basic 1.509 1.527 1,557 Cash dividends declared per common share s 25325 Specimen Financial Statements: PepsiCo, Inc. D-2 Fiscal years ended December 27, 2014, December 28, 2013 and December 29, 2012 D-3 Appendix D Specimen Financial Statements: PepsiCo, Inc Censelidsted Stetement of Cash Flw Pepsica, Ine, and Subsidiaries Fecal yean onded December 27, 2014, December 28, 2013 and December 29, 2012 Specimen Financial Statements: PepsiCo, Inc. D-4

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