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Financial Highlights
PepsiCo, Inc. and subsidiaries (in millions except per share data; all per share amounts assume dilution) |
2008 |
2007 |
Chg |
(a) |
|||||
Summary of Operations |
|||||||||
Total net revenue |
$ |
43,251 |
$ |
39,474 |
10 |
% |
|||
Core division operating profit(b) |
$ |
8,475 |
$ |
8,025 |
6 |
% |
|||
Core total operating profit(c) |
$ |
7,824 |
$ |
7,253 |
8 |
% |
|||
Core net income(d) |
$ |
5,887 |
$ |
5,587 |
5 |
% |
|||
Core earnings per share(d) |
$ |
3.68 |
$ |
3.37 |
9 |
% |
|||
Other Data |
|||||||||
Management operating cash flow(e) |
$ |
4,651 |
$ |
4,551 |
2 |
% |
|||
Net cash provided by operating activities |
$ |
6,999 |
$ |
6,934 |
1 |
% |
|||
Capital spending |
$ |
2,446 |
$ |
2,430 |
1 |
% |
|||
Common share repurchases |
$ |
4,720 |
$ |
4,300 |
10 |
% |
|||
Dividends paid |
$ |
2,541 |
$ |
2,204 |
15 |
% |
|||
Long-term debt |
$ |
7,858 |
$ |
4,203 |
87 |
% |
|||
|
(a) Percentage changes are based on unrounded amounts.
(b) Excludes corporate unallocated expenses and restructuring and impairment charges. See “Reconciliation of GAAP and Non-GAAP Information” for a reconciliation to the most directly comparable financial measure in accordance with GAAP.
(c) Excludes restructuring and impairment charges and the net mark-to-market impact of our commodity hedges. See “Reconciliation of GAAP and Non-GAAP Information” for a reconciliation to the most directly comparable financial measure in accordance with GAAP.
(d) Excludes restructuring and impairment charges, our share of The Pepsi Bottling Group’s restructuring and impairment charge, the net mark-to-market impact of our commodity hedges and certain tax items. See “Reconciliation of GAAP and Non-GAAP Information” for a reconciliation to the most directly comparable financial measure in accordance with GAAP.
(e) Includes the impact of net capital spending. Also, see “Our Liquidity and Capital Resources” in Management’s Discussion and Analysis. |
