Snapple 2008 Annual Report Download - page 60
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Results of Operations by Segment for 2007 Compared to 2006
The following tables set forth net sales and UOP for our segments for 2007 and 2006, as well as the adjustments
necessary to reconcile our total segment results to our combined results presented in accordance with U.S. GAAP
and the elimination of intersegment transactions (dollars in millions).
2007 2006
For the Year Ended
December 31,
Net sales
Beverage Concentrates .......................................... $1,342 $1,330
Finished Goods ................................................ 1,562 1,516
Bottling Group ................................................ 3,143 2,001
Mexico and the Caribbean........................................ 418 408
Intersegment eliminations and impact of foreign currency(1) .............. (770) (555)
Net sales as reported .......................................... $5,695 $4,700
(1) Intersegment sales are eliminated in our audited consolidated statements of operations. Total segment net sales
include Beverage Concentrates and Finished Goods sales to the Bottling Group segment and Bottling Group
sales to the Beverage Concentrates and Finished Goods segments as detailed below. The increase in these
eliminations was due principally to the inclusion of our 2006 bottling acquisitions for the full year 2007 as
compared to the inclusion of our 2006 bottling acquisitions for partial periods in 2006. The impact of foreign
currency totaled $9 million and $(2) million for 2007 and 2006, respectively.
2007 2006
For the Year
Ended
December 31,
Beverage Concentrates .............................................. $(386) $(255)
Finished Goods ................................................... (289) (235)
Bottling Group ................................................... (104) (63)
Total intersegment sales ........................................... $(779) $(553)
2007 2006
For the Year Ended
December 31,
UOP
Beverage Concentrates .......................................... $ 731 $ 710
Finished Goods(1).............................................. 221 228
Bottling Group(1) .............................................. 76 74
Mexico and the Caribbean........................................ 100 102
LIFO inventory adjustment ....................................... (6) (3)
Intersegment eliminations and impact of foreign currency ................ 2 (12)
Adjustments(2) ................................................ (120) (81)
Income from operations .......................................... 1,004 1,018
Interest expense, net .......................................... $ (189) $ (211)
Other income (expense) ........................................ 2 (2)
Income before provision for income taxes and equity in earnings of
unconsolidated subsidiaries as reported ............................ $ 817 $ 805
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