Snapple 2008 Annual Report Download - page 67

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separation from Cadbury and payments of third party long-term debt. This increase was partially offset by the
issuances of third party long-term debt.
The following table summarizes the issuances and payments of third party and related party debt for 2008 and
2007 (in millions):
2008 2007
For the Year
Ended
December 31,
Issuances of Third Party Debt:
Senior unsecured credit facility ..................................... $2,200 $—
Senior unsecured notes............................................ 1,700 —
Bridge loan facility .............................................. 1,700 —
Total issuances of third party debt.................................. 5,600 —
Payments on Third Party Debt:
Senior unsecured credit facility ..................................... (395) $—
Bridge loan facility .............................................. (1,700) —
Other payments ................................................. (5) —
Total payments on third party debt ................................. (2,100) $—
Net change in third party debt ........................................ $3,500 $—
2008 2007
For the Year Ended
December 31,
Issuances of related party debt ..................................... $1,615 $ 2,845
Payments on related party debt ..................................... (4,664) (3,455)
Net change in related party debt .................................... $(3,049) $ (610)
Net cash provided by financing activities for the year ended December 31, 2007, was $515 million compared to
$72 million used in financing activities for the year ended December 31, 2006. The $587 million increase in 2007
was due to higher levels of debt issuances and net investment transactions with Cadbury, partially offset by increases
in debt repayment.
Cash and Cash Equivalents
Cash and cash equivalents were $214 million as of December 31, 2008, an increase of $147 million from
$67 million as of December 31, 2007. The increase was primarily due to our separation from Cadbury as prior to
separation our excess cash was regularly swept by Cadbury.
Our cash balances are used to fund working capital requirements, scheduled debt and interest payments,
capital expenditures and income tax obligations. Cash available in our foreign operations may not be immediately
available for these purposes. Foreign cash balances constitute approximately 32% of our total cash position as of
December 31, 2008.
Contractual Commitments and Obligations
We enter into various contractual obligations that impact, or could impact, our liquidity. The following table
summarizes our contractual obligations and contingencies at December 31, 2008 (in millions). Based on our current
and anticipated level of operations, we believe that our proceeds from operating cash flows will be sufficient to meet
our anticipated obligations. To the extent that our operating cash flows are not sufficient to meet our liquidity needs,
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