PepsiCo could generate ‘strong’ free cash flow of $6 billion for 2018

By Devika Patel

Knoxville, Tenn., July 10 – PepsiCo, Inc. believes it will generate $6 billion of “strong” free cash flow for 2018.

“We expect to continue to generate strong cash flow and to exercise disciplined capital allocation with prudent reinvestment into the business,” chief financial officer Hugh F. Johnston said on the company’s second quarter ended June 16 earnings conference call on Tuesday.

“For 2018, we continue to expect free cash flow of approximately $6 billion,” he said.

Cash and cash equivalents were $13,858,000,000 as of June 16, 2018, compared to $10.61 billion as of June 17, 2017.

PepsiCo is a global food and beverage company based in Purchase, N.Y.

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