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ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected historical financial data as of December 31, 2008, 2007 and 2006,
January 1, 2006 (the last day of fiscal 2005) and January 2, 2005 (the last day of fiscal 2004). All the selected
historical financial data has been derived from our audited consolidated financial statements except for our selected
historical balance sheet data as of January 2, 2005 (the last day of fiscal 2004) which has been derived from our
unaudited accounting records.
For periods prior to May 7, 2008, our financial data have been prepared on a “carve-out” basis from Cadbury’s
consolidated financial statements using the historical results of operations, assets and liabilities attributable to
Cadbury’s Americas Beverages business and including allocations of expenses from Cadbury. The historical
Cadbury’s Americas Beverages information is our predecessor financial information. The results included below
and elsewhere in this document are not necessarily indicative of our future performance and do not reflect our
financial performance had we been an independent, publicly-traded company during the periods prior to May 7,
2008. You should read this information along with the information included in Item 7, “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and our audited consolidated financial statements
and the related notes thereto included elsewhere in this Annual Report on Form 10-K.
We made three bottler acquisitions in 2006 and one bottler acquisition in 2007. Each of these four acquisitions
is included in our consolidated financial statements beginning on its date of acquisition. As a result, our financial
data is not comparable on a period-to-period basis.
2008 2007 2006 2005 2004
Fiscal Year
Statements of Operations Data:
Net sales(1) ................................... $5,710 $ 5,695 $4,700 $3,205 $3,065
Gross profit ................................... 3,120 3,131 2,741 2,085 2,014
(Loss) income from operations(2) ................... (168) 1,004 1,018 906 834
Net (loss) income(3) ............................ $ (312) $ 497 $ 510 $ 477 $ 446
Basic (loss) earnings per share(4) ................... $ (1.23) $ 1.96 $ 2.01 $ 1.88 $ 1.76
Diluted (loss) earnings per share(4) ................. $ (1.23) $ 1.96 $ 2.01 $ 1.88 $ 1.76
Balance Sheet Data:
Total assets ................................... $8,638 $10,528 $9,346 $7,433 $7,625
Current portion of long-term debt ................... — 126 708 404 435
Long-term debt ................................ 3,522 2,912 3,084 2,858 3,468
Other non-current liabilities ....................... 1,708 1,460 1,321 1,013 943
Total equity ................................... 2,607 5,021 3,250 2,426 2,106
Statements of Cash Flows:
Cash provided by (used in):
Operating activities ........................... $ 709 $ 603 $ 581 $ 583 $ 610
Investing activities ............................ 1,074 (1,087) (502) 283 184
Financing activities ........................... (1,625) 515 (72) (815) (799)
(1) Net sales for 2007 and 2006 have been restated to eliminate $53 million and $35 million of intercompany
transactions that should have been eliminated upon consolidation, respectively. Refer to Note 1 of the Notes to
the Audited Consolidated Financial Statements for further information.
(2) The 2008 loss from operations reflects non-cash pre-tax impairment charges of $1,039 million. Refer to Note 3
of the Notes to the Audited Consolidated Financial Statements for further information.
(3) The 2008 net loss reflects non-cash impairment charges of $696 million ($1,039 million net of tax benefit of
$343 million). Refer to Note 3 of the Notes to the Audited Consolidated Financial Statements for further
information.
(4) (Loss) earnings per share (“EPS”) are computed by dividing net (loss) income by the weighted average number
of common shares outstanding for the period. For all periods prior to May 7, 2008, the number of basic shares
used is the number of shares outstanding on May 7, 2008, as no common stock of DPS was traded prior to
May 7, 2008 and no DPS equity awards were outstanding for the prior periods. Subsequent to May 7, 2008, the
number of basic shares includes approximately 500,000 shares related to former Cadbury Schweppes benefit
plans converted to DPS shares on a daily volume weighted average.
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