2013 SmartStockResearch.

com Stoc
Stock Scorecard
Stock Ticker: AAPL
Company Name: Apple Inc.
Industry/Sector: Services
Date Analysis Started: 9/1/2011

Overall Score: 1.25

Select your stock rating criteria below and fill in your rating criteria. We've put in some sample criteria to
show you how this part of the spreadsheet works.

Actual Score
Measure Target Points (Higher is Better)
Result (out of 5)
1 2 3 4 5
Gross Margin: 3 Year Avg 36.76% 0% 10% 20% 30% 40% 4
Avg Gross Margin Growth: Past 3 Years -0.76% 0% 10% 20% 30% 40% 0
Revenue Growth: 4 Year Avg 5.01% 0% 20% 30% 40% 60% 1
Net Income Growth: Most Recent Year -41.00% 0% 10% 20% 30% 40% 0
earch.com Stock Analysis Spreadsheet
How to analyze a new stock
1. Create a new workbook from your template worksheet
or download a new copy of the workbook at: Smartstockresearch.com
2. Log onto Morningstar.com. If you don't already have a free Morningstar account, click here:
3. Search for stock on Morningstar
4. Enter stock info in the upper left corner of this sheet.
5. Load data from Morningstar into: Balance Sheet, Income Statement,Cash
and Flow
*Enter Data into cell A1 in each respective sheet. Always delete any old data completely before loading new data.

Go To: Most Recent Year of Financial Data:

All Scorecard Measures

Financial Statement Analysis If you like this spreadsheet, check out our brand new
Ratios and Growth Metrics Smart Financial Planning Spreadsheet!
Charts It can help you get a better grasp on how much your household
Help is spending and saving, and how you're positioned to meet your goals.
Return to Download Page
Intrinsic Value Calculation
ount, click here:

worksheets.
completely before loading new data.

2017

ck out our brand new

p on how much your household

you're positioned to meet your goals.
Stock Analysis Measures
Minimum Max
Measure Actual Allowable Allowable
Gross Margin: Most Recent Year 36.03% 0% 1000%
Gross Margin: 3 Year Avg 36.76% 0% 1000%
Gross Margin: 5 Year Avg 37.48% 0% 1000%
M Operating Margin: Most Recent Year 6.79% 0% 1000%
a Operating Margin: 3 Year Avg 8.07% 0% 1000%
r Operating Margin: 5 Year Avg 9.21% 0% 1000%
g
i EBT Margin: Current Year 4.64% 0% 1000%
n EBT Margin: 3 Year Avg 6.72% 0% 1000%
s EBT Margin: 5 Year Avg 7.88% 0% 1000%
Avg Gross Margin Growth: Past 3 Years -0.76% 0% 1000%
Avg Operating Margin Growth: Past 3 Years -1.33% 0% 1000%
Avg EBT Margin Growth: Past 3 Years -1.62% 0% 1000%
Return on Assets (ROA): Most Recent Year 4.50% 0% 1000%
Return on Assets (ROA): 3 Year Avg 6.70% 0% 1000%
Return on Assets (ROA): 5 Year Avg 7.55% 0% 1000%
E Return on Equity (ROE): Most Recent Year 40.69% 0% 1000%
f
f Return on Equity (ROE): 3 Year Avg 46.36% 0% 1000%
e Return on Equity (ROE): 5 Year Avg 42.56% 0% 1000%
c
t Return on Invested Capital (ROIC): Most Recent Year NA 0% 1000%
i Return on Invested Capital (ROIC): 3 Year Avg NA 0% 1000%
v
e Return on Invested Capital (ROIC): 5 Year Avg NA 0% 1000%
n Avg ROA Growth: Past 3 Years -1.35% 0% 1000%
e
s Avg ROE Growth: Past 3 Years 1.80% 0% 1000%
s Avg ROIC Growth: Past 3 Years NA 0% 1000%
Net Income Growth: Most Recent Year -41.00% 0% 1000%
Net Income Growth: 4 Year Avg -14.93% 0% 1000%
Operating Income Growth: Most Recent Year -8.99% 0% 1000%
Operating Income Growth: 4 Year Avg -6.85% 0% 1000%
G Revenue Growth: Most Recent Year 2.22% 0% 1000%
r
o Revenue Growth: 4 Year Avg 5.01% 0% 1000%
w EPS Growth: Most Recent Year -15.04% 0% 1000%
t
h EPS Growth: 4 Year Avg NA 0% 1000%
Dividend Growth: Most Recent Year NA 0% 1000%
Dividend Growth: 4 Year Avg NA 0% 1000%
Dividend Payout Growth: Most Recent Year -49.05% 0% 1000%
C Dividend Payout Growth: 4 Year Avg -16.01% 0% 1000%
a
s Operating Cash Flow Growth: Most Recent Year -32.76% 0% 1000%
h Operating Cash Flow Growth: 4 Year Avg 19.87% 0% 1000%
F Free Cash Flow Growth: Most Recent Year -41.42% 0% 1000%
l Free Cash Flow Growth: 4 Year Avg 48.99% 0% 1000%
o
w
 Return to Scorecard

Meets Min? Over Max?

Y N
Y N
Y N
Y N
Y N
Y N
Y N
Y N
Y N
N N
N N
N N
Y N
Y N
Y N
Y N
Y N
Y N
Y Y
Y Y
Y Y
N N
Y N
Y Y
N N
N N
N N
N N
Y N
Y N
N N
Y Y
Y Y
Y Y
N N
N N
N N
Y N
N N
Y N
Financial Statement Summary Return to Scorecard

Income Statement 2013 2014 2015 2016 2017

Revenue 12148 12540 13506 14437 14757
Total Operating Expenses 3371 3453 3777 4168 4315
Interest Expense 162 162 139 125 122
Net Income 735 734 720 600 354
Net Income Available to Common Shareholders 735 734 720 600 354
Profit Margin 6.05% 5.85% 5.33% 4.16% 2.40%

Balance Sheet 2013 2014 2015 2016 2017

Total Current Assets 5081 5228 5224 3014 3242
Total Assets 8089 8574 9245 7698 7858
Total Current Liabilities 2226 2541 2800 2911 3029
Total Liabilities 6176 6494 6805 6827 6988
Total Stockholders' Equity 1913 2080 2440 871 870
Debt to Assets % 76.35% 75.74% 73.61% 88.69% 88.93%

Cash Flow 2013 2014 2015 2016 2017

Net Cash Provided by Operating Activities 1110 1320 1220 2451 1648
Net Cash Used for Investing Activities -369 -822 -889 -144 -791
Net Cash Provided by (Used For) Financing Activities -1333 -589 -698 -2539 -445
Ratios and Metrics Return to Scorecard

Measure 2013 2014 2015 2016 2017 Avg 3-year Avg 5-year
Margins 2 3 4 5 6
Gross Margin 38.82% 38.30% 37.76% 36.50% 36.03% 36.76% 37.48%
Operating Margin 11.07% 10.77% 9.80% 7.63% 6.79% 8.07% 9.21%
EBT Margin 9.75% 9.48% 8.77% 6.76% 4.64% 6.72% 7.88%

Management Effectiveness
Return on Assets 9.09% 8.56% 7.79% 7.79% 4.50% 6.70% 7.55%
Return on Equity 38.42% 35.29% 29.51% 68.89% 40.69% 46.36% 42.56%
Return on Invested Capital (ROIC) Estimate NA NA NA NA NA NA NA

Growth
Net Income Growth NA -0.14% -1.91% -16.67% -41.00% -19.86% -14.93%
Operating Income Growth NA 0.37% -2.00% -16.78% -8.99% -9.26% -6.85%
Revenue Growth NA 3.23% 7.70% 6.89% 2.22% 5.60% 5.01%
EPS Growth NA #REF! 4.14% 0.53% -15.04% -3.46% NA
Dividend Growth NA NA NA NA NA NA NA
Dividend Payout Growth NA -12.11% -7.16% 4.29% -49.05% -17.31% -16.01%

Cash Flow
Operating Cash Flow Growth NA 18.92% -7.58% 100.90% -32.76% 20.19% 19.87%
Free Cash Flow Growth NA -13.40% -30.56% 281.34% -41.42% 69.79% 48.99%

Liquidity
Current Ratio 1.61 1.50 1.68 1.08 1.11 1.29 1.39
Quick Ratio 0.79 0.69 0.64 0.67 0.34 0.55 0.63

Solvency
Debt Ratio 3.23 3.12 2.79 7.84 8.03 6.22 5.00
Debt-to-Equity #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Valuation (Go to Morningstar.com for key valuation metrics)

Liquidity
Current Ratio 2.28257 2.05745769 1.8657143 1.035383 1.07032 1.3238059 1.66228898
Quick Ratio 0.636334 0.60348014 0.4977223 1.07695 0.559531 0.7114008 0.67480334
 Charts Return to Scorecard
Financial Statements
Income Statement Results Balance Sheet Results
16000 10000 88.69% 88.93% 100.00%
70.00%
14000 76.35% 75.74% 73.61%
50.00%
8000 80.00%
12000
10000 30.00% 6000 60.00%
8000 6.05% 5.85% 5.33%
10.00% 4000 40.00%
6000 4.16% 2.40%
-10.00%
4000 2000 20.00%
-30.00% 2016
2000
0 0.00% 2013 2014 2015 2017
0 -50.00% 2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
Revenue Net Income Profit Ma rgi n Total Assets Total Liabilities Debt to Assets %

Margins and Effectiveness, Growth

Cash Flow Growth Management Effectiveness Revenue and Income Growth

350.00% 80.00% 20.00%
300.00% 70.00%
250.00% Operating Cash 10.00%
60.00%
Flow Growth
200.00% 50.00% 0.00% Net Income Growth
150.00% Free Cash Flow 40.00%
Growth 30.00% -10.00%
100.00% Operating Income
50.00% 20.00% -20.00% Growth
0.00% 10.00%
0.00% -30.00% Revenue Growth
-50.00% 2014 2015 2016 2017
2013 2014 2015 2016 2017 -40.00%
-100.00%
Return on Assets Return on Equity -50.00%
2014 2015 2016 2017
SmartStockResearch.com Intrinsic Value Calculation

Input Values
(used for
Inputs Default calculations)
Your Investment Horizon in Years (Max of 10): 5 5
Most Recent Reported EPS (Earnings Per Share): 3.22 3.47
Projected EPS Growth Rate: NA NA
Projected Average Annual PE Ratio: NA 15
Average Dividend Payout Ratio: 62.70% 30%
Desired Minimum Annual Return: NA 10%
Current Stock Price NA $50.00

EPS Forecast (based on above inputs)

Forecasted EPS
Year (End of Year) For more details on how to calculate the Intrinsic Value, visit:
1 #VALUE! http://smartstockresearch.com/InvestingBasics/Articles/C
2 #VALUE!
3 #VALUE!
4 #VALUE!
5 #VALUE!
6 #VALUE!
7 #VALUE!
8 #VALUE!
9 #VALUE!
10 #VALUE!
 Calculations
Estimated Earnings Per Share after year 5: #VALUE!
Forecasted Stock Price after 5 Years: #VALUE!
Total Estimated Dividends for the next 5 Years: #VALUE!
Total Estimated Stock Value after 5 Years: #VALUE!
Current Share Price: $50.00
Estimated Intrinsic Value: #VALUE!
Estimated Margin of Safety: #VALUE!

to calculate the Intrinsic Value, visit:

esearch.com/InvestingBasics/Articles/Calculate-Intrinsic-Stock-Value.html
NORDSTROM INC (JWN) CashFlowFlag INCOME STATEMENT
Fiscal year ends in January. USD in millions except per share data. 2013-01 2014-01 2015-01 2016-01 2017-01 TTM
Revenue 12148 12540 13506 14437 14757 14862
Cost of revenue 7432 7737 8406 9168 9440 9495
Gross profit 4716 4803 5100 5269 5317 5367
Operating expenses
Sales, General and administrative 3371 3453 3777 4168 4315 4320
Total operating expenses 3371 3453 3777 4168 4315 4320
Operating income 1345 1350 1323 1101 1002 1047
Interest Expense 162 162 139 125 122
Other income (expense) 2 1 1 -196 -335
Income before income taxes 1185 1189 1185 976 684 712
Provision for income taxes 450 455 465 376 330 341
Net income from continuing operations 735 734 720 600 354 371
Net income 735 734 720 600 354 371
Net income available to common shareholders 735 734 720 600 354 371
Earnings per share
Basic 3.62 3.77 3.79 3.22 2.05 2.16
Diluted 3.56 3.71 3.72 3.15 2.02 2.13
Weighted average shares outstanding
Basic 203 194 190 186 173 172
Diluted 207 198 194 190 176 174
EBITDA 1713 1805 1832 1677 1451 1502
PEPSICO INC (PEP) CashFlowFlag INCOME STATEMENT
Fiscal year ends in December. USD in millions except per share data. 2013-12 %
Revenue 66415 100.00%
Cost of revenue 31243 47.04%
Gross profit 35172 52.96%
Operating expenses
Sales, General and administrative 25357 38.18%
Other operating expenses 110 0.17%
Total operating expenses 25467 38.35%
Operating income 9705 14.61%
Interest Expense 911 1.37%
Other income (expense) 97 0.15%
Income before taxes 8891 13.39%
Provision for income taxes 2104 3.17%
Net income from continuing operations 6787 10.22%
Other -47 -0.07%
Net income 6740 10.15%
Preferred dividend 1 0.00%
Net income available to common shareholders 6739 10.15%

PEPSICO INC (PEP) CashFlowFlag INCOME STATEMENT

Fiscal year ends in December. USD in millions except per share data. 2013-12 %
Revenue 66415 0.40%
Cost of revenue 31243 -1.15%
Gross profit 35172 1.78%
Operating expenses
Sales, General and administrative 25357 3.03%
Other operating expenses 110 -16.36%
Total operating expenses 25467 2.95%
Operating income 9705 -1.28%
Interest Expense 911 -0.22%
Other income (expense) 97 -12.37%
Income before taxes 8891 -1.51%
Provision for income taxes 2104 4.52%
Net income from continuing operations 6787 -3.37%
Other -47 -4.26%
Net income 6740 -3.37%
Preferred dividend 1 0.00%
Net income available to common shareholders 6739 -3.37%
2014-12 % Remarks
66683 100.00%
30884 46.31%
35799 53.69%

26126 39.18%
92 0.14%
26218 39.32%
9581 14.37%
909 1.36%
85 0.13%
8757 13.13%
2199 3.30%
6558 9.83%
-45 -0.07%
6513 9.77%
1 0.00%
6512 9.77%

2014-12
66683
30884
35799

26126
92
26218
9581
909
85
8757
2199
6558
-45
6513
1
6512
NORDSTROM INC (JWN) CashFlowFlag BALANCE SHEET
Fiscal year ends in January. USD in millions except per sha 2013-01 2014-01 2015-01 2016-01
Assets
Current assets
Cash
Cash and cash equivalents 1285 1194 827 595
Total cash 1285 1194 827 595
Receivables 2129 2177 2306 196
Inventories 1360 1531 1733 1945
Deferred income taxes 227 239 256
Prepaid expenses 80 87 102 278
Total current assets 5081 5228 5224 3014
Non-current assets
Property, plant and equipment
Land 76 80 99 104
Fixtures and equipment 3197 3522 3794 4267
Other properties 3370 3742 4145 4472
Property and equipment, at cost 6643 7344 8038 8843
Accumulated Depreciation -4064 -4395 -4698 -5108
Property, plant and equipment, net 2579 2949 3340 3735
Goodwill 175 175 435 435
Other long-term assets 254 222 246 514
Total non-current assets 3008 3346 4021 4684
Total assets 8089 8574 9245 7698
Liabilities and stockholders' equity
Liabilities
Current liabilities
Short-term debt 7 7 8 10
Accounts payable 1011 1263 1328 1324
Accrued liabilities 404 395 416 416
Other current liabilities 804 876 1048 1161
Total current liabilities 2226 2541 2800 2911
Non-current liabilities
Long-term debt 3124 3106 3123 2795
Other long-term liabilities 826 847 882 1121
Total non-current liabilities 3950 3953 4005 3916
Total liabilities 6176 6494 6805 6827
Stockholders' equity
Additional paid-in capital 1645 1827 2338 2539
Retained earnings 315 292 166 -1610
Accumulated other comprehensive income -47 -39 -64 -58
Total stockholders' equity 1913 2080 2440 871
Total liabilities and stockholders' equity 8089 8574 9245 7698
2017-01

1007
1007
199
1896

140
3242

107
4696
4690
9493
-5596
3897
238
481
4616
7858

11
1340
455
1223
3029

2763
1196
3959
6988

2707
-1794
-43
870
7858
PEPSICO INC (PEP) CashFlowFlag BALANCE SHEET
Fiscal year ends in December. USD in millions except per share data. 2013-12 % 2014-12
Assets
Current assets
Cash
Cash and cash equivalents 9375 12.10% 6134
Short-term investments 303 0.39% 2592
Total cash 9678 12.49% 8726
Receivables 6178 7.97% 5817
Inventories 3409 4.40% 3143
Prepaid expenses 2162 2.79% 2143
Other current assets 776 1.00% 834
Total current assets 22203 28.66% 20663
Non-current assets
Property, plant and equipment
Gross property, plant and equipment 36961 47.71% 36300
Accumulated Depreciation -18386 -23.73% -19056
Net property, plant and equipment 18575 23.97% 17244
Equity and other investments 2623 3.39% 2689
Goodwill 16613 21.44% 14965
Intangible assets 16039 20.70% 14088
Prepaid pension benefit 687 0.89% 141
Other long-term assets 738 0.95% 719
Total non-current assets 55275 71.34% 49846
Total assets 77478 100.00% 70509
Liabilities and stockholders' equity
Liabilities
Current liabilities
Short-term debt 5306 6.85% 5076
Accounts payable 4874 6.29% 5127
Taxes payable
Accrued liabilities 4034 5.21% 3968
Other current liabilities 3625 4.68% 3921
Total current liabilities 17839 23.02% 18092
Non-current liabilities
Long-term debt 24333 31.41% 23821
Deferred taxes liabilities 5986 7.73% 5304
Minority interest 110 0.14% 110
Other long-term liabilities 4931 6.36% 5744
Total non-current liabilities 35360 45.64% 34979
Total liabilities 53199 68.66% 53071
Stockholders' equity
Preferred stock 41 0.05% 41
Common stock 25 0.03% 25
Additional paid-in capital 4095 5.29% 4115
Retained earnings 46420 59.91% 49092
Treasury stock -21175 -27.33% -25166
Accumulated other comprehensive income -5127 -6.62% -10669
Total stockholders' equity 24279 31.34% 17438
Total liabilities and stockholders' equity 77478 100.00% 70509

PEPSICO INC (PEP) CashFlowFlag BALANCE SHEET

Fiscal year ends in December. USD in millions except per share data. 2013-12 % 2014-12
Assets
Current assets
Cash
Cash and cash equivalents 9375 -34.57% 6134
Short-term investments 303 755.45% 2592
Total cash 9678 -9.84% 8726
Receivables 6178 -5.84% 5817
Inventories 3409 -7.80% 3143
Prepaid expenses 2162 -0.88% 2143
Other current assets 776 7.47% 834
Total current assets 22203 -6.94% 20663
Non-current assets
Property, plant and equipment
Gross property, plant and equipment 36961 -1.79% 36300
Accumulated Depreciation -18386 3.64% -19056
Net property, plant and equipment 18575 -7.17% 17244
Equity and other investments 2623 2.52% 2689
Goodwill 16613 -9.92% 14965
Intangible assets 16039 -12.16% 14088
Prepaid pension benefit 687 -79.48% 141
Other long-term assets 738 -2.57% 719
Total non-current assets 55275 -9.82% 49846
Total assets 77478 -8.99% 70509
Liabilities and stockholders' equity
Liabilities
Current liabilities
Short-term debt 5306 -4.33% 5076
Accounts payable 4874 5.19% 5127
Taxes payable
Accrued liabilities 4034 -1.64% 3968
Other current liabilities 3625 8.17% 3921
Total current liabilities 17839 1.42% 18092
Non-current liabilities
Long-term debt 24333 -2.10% 23821
Deferred taxes liabilities 5986 -11.39% 5304
Minority interest 110 0.00% 110
Other long-term liabilities 4931 16.49% 5744
Total non-current liabilities 35360 -1.08% 34979
Total liabilities 53199 -0.24% 53071
Stockholders' equity
Preferred stock 41 0.00% 41
Common stock 25 0.00% 25
Additional paid-in capital 4095 0.49% 4115
Retained earnings 46420 5.76% 49092
Treasury stock -21175 18.85% -25166
Accumulated other comprehensive income -5127 108.09% -10669
Total stockholders' equity 24279 -28.18% 17438
Total liabilities and stockholders' equity 77478 -8.99% 70509
%

8.70%
3.68%
12.38%
8.25%
4.46%
3.04%
1.18%
29.31%

51.48%
-27.03%
24.46%
3.81%
21.22%
19.98%
0.20%
1.02%
70.69%
100.00%

7.20%
7.27%

5.63%
5.56%
25.66%

33.78%
7.52%
0.16%
8.15%
49.61%
75.27%

0.06%
0.04%
5.84%
 69.63%
-35.69%
-15.13%
24.73%
100.00%
NORDSTROM INC (JWN) Statement of CASH FLOW
Fiscal year ends in January. USD in millions except per share data. 2013-01 2014-01 2015-01
Cash Flows From Operating Activities
Net income 735 734 720
Depreciation & amortization 366 454 508
Amortization of debt discount/premium and issuance costs -58 -76
Investment/asset impairment charges
Deferred income taxes 22 12 7
Stock based compensation 53 58 68
Accounts receivable -113 -93 -161
Inventory -170 -157 -176
Prepaid expenses 5 -6 -4
Accounts payable 48 167 15
Accrued liabilities -12 18
Other working capital 109 171 262
Other non-cash items 55 50 39
Net cash provided by operating activities 1110 1320 1220
Cash Flows From Investing Activities
Investments in property, plant, and equipment -513 -803 -861
Other investing charges 144 -19 -28
Net cash used for investing activities -369 -822 -889
Cash Flows From Financing Activities
Short-term borrowing 5 47
Long-term debt issued 399 34
Long-term debt repayment -506 -407 -7
Excess tax benefit from stock based compensation 1 2 2
Common stock issued 141
Repurchases of treasury stock -725 -515 -610
Cash dividends paid -220 -234 -251
Other financing activities 112 119 -7
Net cash provided by (used for) financing activities -1333 -589 -698
Net change in cash -592 -91 -367
Cash at beginning of period 1877 1285 1194
Cash at end of period 1285 1194 827
Free Cash Flow
Operating cash flow 1110 1320 1220
Capital expenditure -513 -803 -861
Free cash flow 597 517 359
Supplemental schedule of cash flow data
Cash paid for income taxes 429 445 391
Cash paid for interest 169 170 152
2016-01 2017-01 TTM

600 354 371

576 645 651
-79 -75 -84
197
142 -15 -42
70 91 87
1241 -3 14
-203 31 -23
-126 100 -5
-2 16 96
-2 33 -7
208 280 312
26 -6 191
2451 1648 1561

-1082 -846 -794

938 55 33
-144 -791 -761

23 4 16
16 635
-8 -10 -661
6

-1192 -277 -438

-1185 -256 -255
-193 88 86
-2539 -445 -617
-232 412 183
827 595 470
595 1007 653

2451 1648 1561

-1082 -846 -794
1369 802 767

383 112 199

136 134 167
Name of the Organisation

Ratio Analysis for PEPSI CO

Ratio 2013 2014 Year III

Current Ratio 0.00 0.00 #DIV/0!
Quick Ratio 0.77 0.76 #DIV/0!

Inventory Turnover #DIV/0! #DIV/0! #DIV/0!

Average Collection Period 52.56 47.94 #DIV/0!
Fixed Asset Turnover 1.53 1.52 #DIV/0!
Total Asset Turnover #DIV/0! #DIV/0! #DIV/0!

Debt Ratio #DIV/0! #DIV/0! #DIV/0!

Debt-to-Equity #DIV/0! #DIV/0! #DIV/0!
Interest Cover Ratio 139.00 #DIV/0! #DIV/0!

Gross Profit Margin 37.76% 36.50% #DIV/0!

Operating Profit Margin 1.03% 0.87% #DIV/0!
Net Profit Margin 0.00% 0.00% #DIV/0!

Return on Total Assets (ROA) #DIV/0! #DIV/0! #DIV/0!

Return on Equity (ROE) #DIV/0! #DIV/0! #DIV/0!

Earnings Per Share #DIV/0! #DIV/0! #DIV/0!

Year IV Year V
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

#DIV/0! #DIV/0!
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

#DIV/0! #DIV/0!
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

#DIV/0! #DIV/0!
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

#DIV/0! #DIV/0!
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**Disclaimer: This spreadsheet, either in original or altered form, is not intended to be the sole means of determining a stock's value. Sma
decisions made as a result of using this spreadsheet. All results and calculations in the spreadsheet should be independently verified befo
not work with all types of stocks, including financial stocks and REIT's. Additionally, please be aware that the spreadsheet was designed to

If you like this spreadsheet, check out our brand new

Smart Financial Planning Spreadsheet!
ome Statement, Balance Sheet, and Cash Flow tabs of this workbook.

Apple, I will rename the workbook "Apple" or "AAPL").

m for the stock you're analyzing. If you haven't yet signed up

will be the basis for the financial calculations in this workbook. Follow these steps:

right-hand portion of the Income Statement screen, then open the file. It is not
Income Statement sheet of this workbook.
data to cell A1 of the Balance Sheet and Cash flow sheets in this workbook.
data from the financials sheet with the same data from Morningstar.

ore for the company as well as navigate to other areas of this workbook.
loaded some sample criteria, but encourage you to create your own.

w.smartstockresearch.com/InvestingBasics/Articles/Stock-Analysis-Spreadsheet.html

ining a stock's value. Smartstockresearch.com does not assume responsibility for investment
dependently verified before use in investment evaluation. Additionally, this spreadsheet does
eadsheet was designed to work only with stocks that have non-negative earnings.
PEPSICO INC (PEP) Statement of CASH FLOW
Fiscal year ends in December. USD in millions except per share data. 2013-12 2014-12
Cash Flows From Operating Activities
Net income 6787 6558
Depreciation & amortization 2663 2625
Investment/asset impairment charges
Deferred income taxes -1058 -19
Stock based compensation 303 297
Accounts receivable -88
Inventory 4 -111
Prepaid expenses -51 80
Accounts payable 1162
Income taxes payable 86 371
Other working capital 1007 -343
Other non-cash items 35 -114
Net cash provided by operating activities 9688 10506
Cash Flows From Investing Activities
Investments in property, plant, and equipment -2795 -2859
Property, plant, and equipment reductions 109 115
Acquisitions, net -109 -88
Purchases of investments -6305
Sales/Maturities of investments 3891
Other investing activities 170 309
Net cash used for investing activities -2625 -4937
Cash Flows From Financing Activities
Debt issued 4218 3905
Debt repayment -4386 -2199
Preferred stock repaid -7 -10
Common stock repurchased -3001 -5012
Excess tax benefit from stock based compensation 117 114
Dividend paid -3434 -3730
Other financing activities 2704 -1332
Net cash provided by (used for) financing activities -3789 -8264
Effect of exchange rate changes -196 -546
Net change in cash 3078 -3241
Cash at beginning of period 6297 9375
Cash at end of period 9375 6134
Free Cash Flow
Operating cash flow 9688 10506
Capital expenditure -2795 -2859
Free cash flow 6893 7647