|
|
PepsiCo, Inc. and Subsidiaries
|
(in millions except per share amounts;
all per share amounts assume dilution)
|
December 26,
1998
|
December 27,
1997
|
Percent
Change |
|
|
Summary of Operations
|
|
|
Net Sales
|
$
|
22,348
|
$
|
20,917
|
+7
|
|
|
Reported
|
|
|
|
Operating profit
|
$
|
2,584
|
$
|
2,662
|
-3
|
|
|
|
Income from continuing operations
|
$
|
1,993
|
$
|
1,491
|
+34
|
|
|
|
|
Per Share
|
$
|
1.31
|
$
|
0.95
|
+38
|
|
|
Other Data
|
|
|
Net cash provided by operating activities
|
$
|
3,211
|
$
|
3,419
|
-6
|
|
|
Acquisitions and investments
|
|
|
|
in unconsolidated affiliates
|
$
|
4,537
|
$
|
119
|
|
|
|
Shares repurchased
|
59.2
|
69.0
|
|
|
|
Return on invested capital (a)
|
16%
|
18%
|
|
|
|
(a) Defined as income from continuing operations before after-tax interest expense, amortization of intangible assets, unusual items and the 1998 tax benefit divided by an average of the five most recent quarters net asset base before accumulated amortization of intangible assets and net asset base of discontinued operations.
|
|
|