Pepsi 2011 Annual Report Download - page 54

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Fiscal years ended December31, 2011, December25, 2010 and December26, 2009
(in millions) 2010 2009
2011
Financing Activities
Proceeds from issuances of long- term debt $ 3,000 $ 6,451 $ 1,057
Payments of long- term debt (1,596) (59) (226)
Debt repurchase (771) (500) –
Short- term borrowings, by original maturity
More than three months — proceeds 523 227 26
More than three months — payments (559) (96) (81)
Three months or less, net 339 2,351 (963)
Cash dividends paid (3,157) (2,978) (2,732)
Share repurchases — common (2,489) (4,978) –
Share repurchases — preferred (7) (5) (7)
Proceeds from exercises of stock options 945 1,038 413
Excess tax benets from share- based payment arrangements 70 107 42
Acquisition of noncontrolling interests (1,406) (159) –
Other nancing (27) (13) (26)
Net Cash (Used for)/Provided by Financing Activities (5,135) 1,386 (2,497)
Eect of exchange rate changes on cash and cash equivalents (67) (166) (19)
Net (Decrease)/Increase in Cash and Cash Equivalents (1,876) 2,000 1,879
Cash and Cash Equivalents, Beginning of Year 5,943 3,943 2,064
Cash and Cash Equivalents, End of Year $ 4,067 $ 5,943 $ 3,943
Non- cash activity:
Issuance of common stock and equity awards in connection with our acquisitions of PBG and PAS, as reected in
investing and nancing activities – $ 4,451 –
See accompanying notes to consolidated nancial statements.
Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries
(continued)
PepsiCo, Inc.  Annual Report
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