We rang up our best performance since 1995, with a total return to shareholders of nearly 43%. That put us way ahead of the Dow Jones Industrials, the Standard & Poor's 500, the S&P Food Index and the
S&P Beverage Index.
Strong business results drove that healthy return, as the highlights on the facing page show. On a pro forma basis, revenue growth of 8%, a rate rare among big consumer packaged goods companies, led the way. And that's just the beginning:
||We posted double-digit growth in segment operating profit and earnings per share every quarter.|
||Our return on invested capital moved up 2.5 points to 23%.|
||Operating cash flow grew to $2.7 billion. That's after capital expenditures and other investments.|
||Our balance sheet remained very strong, with a relatively low net debt of $1.1 billion.|
||We returned some $2.2 billion to shareholders in dividends and share repurchases.|
Especially exciting is the breadth of our performance. If you'll pardon the metaphor, we've been firing on all cylinders:
||Every operating division posted volume gains.|
||Every operating division posted revenue gains.|
||Every operating division increased its market share.|
||Every operating division delivered solid growth in operating profit, with four out of five posting double-digit gains.|
Good news spanned the globe. There are lots of examples.
Our Sabritas unit in Mexico, posted salty snack volume growth of 17%. In Thailand, Pepsi-Cola volume grew 12%. In the United States,
volume of Tropicana's flagship Pure Premium brand surged 12%.
A Top Consumer Products Company
So the numbers were good. Our strength was broad-based. We had lots of momentum. And our sights are set squarely on the vast global opportunity in convenient foods