Created by EDGAR Online, Inc.

COCA COLA CO

Income Statement2

Period End: Dec 31, 1999

Date Filed: Mar 9, 2000

Values in this worksheet are in millions, except where noted.

1 YE 12/31/99 1 YE 12/31/98 1 YE 12/31/97

(In millions except per share data)

NET OPERATING REVENUES $19,805 $18,813 $18,868

Cost of goods sold 6,009 5,562 6,015

GROSS PROFIT 13,796 13,251 12,853

Selling, administrative and general expenses 9,001 8,211 7,792

Other Operating Charges 813 73 60

Total Expenses 9814 8284 7852

OPERATING INCOME 3,982 4,967 5,001

Interest income 260 219 211

Interest expense 337 277 258

Equity income (loss) (184) 32 155

Other income-net 98 230 583

Gains on issuances of stock by equity investees -- 27 363

INCOME BEFORE INCOME TAXES 3,819 5,198 6,055

Income taxes 1,388 1,665 1,926

NET INCOME $2,431 $3,533 $4,129

BASIC NET INCOME PER SHARE $0.98 $1.43 $1.67

DILUTED NET INCOME PER SHARE $0.98 $1.42 $1.64

AVERAGE SHARES OUTSTANDING 2,469 2,467 2,477

Dilutive effect of stock options 18 29 38

AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,487 2,496 2,515

See Notes to Consolidated Financial Statements

Created by EDGAR Online, Inc.

PEPSICO INC

Income Statement

Period End: Dec 25, 1999

Date Filed: Mar 21, 2000

Values in this worksheet are in millions, except where noted.

1 YE 12/25/99 1 YE 12/25/98 1 YE 12/25/97

Net Sales

New PepsiCo $18,244 $14,686 $13,655

Bottling operations 2,123 7,662 7,262

Total Net Sales 20,367 22,348 20,917

Costs

Cost of sales 8,198 9,330 8,525

Gross Profit 12,169 13,018 12,392

Expenses

Selling, general and administrative expenses 9,103 9,924 9,241

Amortization of intangible assets 183 222 199

Impairment and restructuring charges 65 288 290

Total Costs and Expenses 9,351 10,434 9,730

Operating Profit

New PepsiCo 2,765 2,460 2,252

Bottling operations and equity investments 53 124 410

Total Operating Profit 2,818 2,584 2,662

Bottling equity income, net 83 -- --

Gain on bottling transactions 1,000 -- --

Interest expense (363) (395) (478)

Interest income 118 74 125

Income from Continuing Operations

Before Income Taxes 3,656 2,263 2,309

Provision for Income Taxes 1,606 270 818

Income from Continuing Operations 2,050 1,993 1,491

Income from Discontinued Operations, net of tax -- -- 651

Net Income $2,050 $1,993 $2,142

Income Per Share - Basic

Continuing Operations $1.40 $1.35 $0.98

Discontinued Operations -- -- 0.42

Net Income $1.40 $1.35 $1.40

Average shares outstanding 1,466 1,480 1,528

Income Per Share - Assuming Dilution

Continuing Operations $1.37 $1.31 $0.95

Discontinued Operations -- -- 0.41

Net Income $1.37 $1.31 $1.36

Average shares outstanding 1,496 1,519 1,570

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