PEPSICO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF INCOME (in millions except per share amounts, unaudited)
Quarter Ended March 25, 2006 Quarter Ended March 19, 2005

Net Revenue . . . . . . . . . . . . . . . . . . . . . . Cost of sales . . . . . . . . . . . . . . . . . . . . . . . Selling, general and administrative expenses Amortization of intangible assets . . . . . . . . . Operating Profit . . . . . . . . . . . . . . . . . . . Bottling equity income . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . Interest income . . . . . . . . . . . . . . . . . . . . . Income before income taxes . . . . . . . . . . . . Provision for income taxes . . . . . . . . . . . . . Net Income . . . . . . . . . . . . . . . . . . . . . . . Net Income Per Common Share Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . Diluted . . . . . . . . . . . . . . . . . . . . . . . . . Cash Dividends Declared Per Common Share

$

$

7,205 $ 3,179 2,647 31 1,348 84 (62) 45 1,415 396 1,019 $

6,585 2,870 2,439 29 1,247 65 (50) 23 1,285 373 912

$ $ $

0.61 $ 0.60 $ 0.26 $

0.54 0.53 0.23

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PEPSICO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (in millions, unaudited)
Quarter Ended March 25, 2006 Quarter Ended March 19, 2005

Operating Activities Net Income . . . . . . . . . . . . . . . . . . . . . . . Depreciation and amortization . . . . . . . . . . Stock-based compensation expense . . . . . . Excess tax benefits from share-based payment arrangements . . . . . . . . . . . . . . Cash payments for