Snapple 2008 Annual Report Download - page 78

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DR PEPPER SNAPPLE GROUP, INC.
CONSOLIDATED BALANCE SHEETS
As of December 31, 2008 and 2007
December 31,
2008
December 31,
2007
(In millions except share and per
share data)
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 214 $ 67
Accounts receivable:
Trade (net of allowances of $13 and $20, respectively) ................. 532 538
Other . . ................................................... 51 59
Related party receivable ......................................... — 66
Note receivable from related parties................................. — 1,527
Inventories ................................................... 263 325
Deferred tax assets ............................................. 93 81
Prepaid expenses and other current assets ............................ 84 76
Total current assets ........................................... 1,237 2,739
Property, plant and equipment, net ................................... 990 868
Investments in unconsolidated subsidiaries .............................. 12 13
Goodwill . . . ................................................... 2,983 3,183
Other intangible assets, net ......................................... 2,712 3,617
Other non-current assets ........................................... 564 100
Non-current deferred tax assets ...................................... 140 8
Total assets ................................................. $8,638 $10,528
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses.............................. $ 796 $ 812
Related party payable ........................................... — 175
Current portion of long-term debt payable to related parties ............... — 126
Income taxes payable ............................................. 5 22
Total current liabilities ......................................... 801 1,135
Long-term debt payable to third parties ................................ 3,522 19
Long-term debt payable to related parties .............................. — 2,893
Deferred tax liabilities ............................................ 981 1,324
Other non-current liabilities ........................................ 727 136
Total liabilities .............................................. 6,031 5,507
Commitments and contingencies
Stockholders’ equity:
Cadbury’s net investment .......................................... — 5,001
Preferred stock, $.01 par value, 15,000,000 shares authorized, no shares issued. . . — —
Common stock, $.01 par value, 800,000,000 shares authorized,
253,685,733 shares issued and outstanding for 2008 and no shares issued for
2007 ........................................................ 3 —
Additional paid-in capital .......................................... 3,140 —
Accumulated deficit .............................................. (430) —
Accumulated other comprehensive (loss) income ......................... (106) 20
Total stockholders’ equity ...................................... 2,607 5,021
Total liabilities and stockholders’ equity .......................... $8,638 $10,528
The accompanying notes are an integral part of these consolidated financial statements.
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