summary of operation 2019 2018 %chg(a)
Net revenue $67,161 $64,661 4%
Core operating profit (b) $10,602 $10,620
Reported earnings per share $5.20 $8.78 (41)%
Core earnings per share (c) $5.53 $5.66 (2)%
Free cash flow (d) $5,587 $6,267 (11)%
Capital spending $4,232 $3,282 29%
Common share repurchases $3,000 $2,000 50%
Dividends paid $5,304 $4,930 8%
MIX OF NET REVENUE
  • U.S. 58%
  • Outside U.S. 42%
  • Food 54%
  • Beverage 46%
NET REVENUE
  • PepsiCo Beverages North America 32%
  • Frito-Lay North America 25%
  • Europe 18%
  • Latin America 11%
  • Africa, Middle East and South Asia 6%
  • Asia Pacific, Australia and New Zealand and China Region 4%
  • Quaker Foods North America 4%
division operating profit
  • Frito-Lay North America 45%
  • PepsiCo Beverages North America 19%
  • Europe 11%
  • Latin America 10%
  • Africa, Middle East and South Asia 6%
  • Quaker Foods North America 5%
  • Asia Pacific, Australia and New Zealand and China Region 4%

100%
In 2020, we’re transitioning to 100% renewable electricity in our U.S. direct operations

9%
Operational water-use efficiency improved by 9% in high-water-risk areas since 20151, 2

~80%
Nearly 80% of our direct commodities (potatoes, whole corn, oats and oranges) are sustainably sourced1

We’ve expanded our portfolio to help meet consumers’ needs for a balanced diet with products such as bare, Health Warrior, Gatorade Zero and Pepsi Zero Sugar

41%
Women hold 41% of our global manager positions, 3 showing progress toward our target of 50% by 2025 (1)

67B
Through the expansion of our SodaStream business, an estimated 67 billion single-use plastic bottles will be avoided through 2025