Snapple 2010 Annual Report Download - page 137

Download and view the complete annual report

Please find page 137 of the 2010 Snapple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

26. Selected Quarterly Financial Data (unaudited)
The following table summarizes the Company’s information on net sales, gross profit, net income and earnings per share
by quarter for the years ended December 31, 2010 and 2009. This data was derived from the Company’s unaudited
consolidated financial statements.
For the Year Ended December 31,
2010
Net sales
Gross profit
Net income
Basic earnings per common share
Diluted earnings per common share
Dividend declared per share
Common stock price
High
Low
2009
Net sales
Gross profit
Net income
Basic earnings per common share
Diluted earnings per common share
Dividend declared per share
Common stock price
High
Low
First
Quarter
(In millions, except per share data)
$ 1,248
752
89
0.35
0.35
0.15
36.80
26.84
$ 1,260
729
132
0.52
0.52
—
17.87
11.90
Second
Quarter
$ 1,519
926
183
0.75
0.74
0.25
38.24
32.73
$ 1,481
885
158
0.62
0.62
—
23.21
17.40
Third
Quarter
$ 1,457
857
144
0.61
0.60
0.25
40.10
33.94
$ 1,434
855
151
0.59
0.59
—
28.75
21.65
Fourth
Quarter
$ 1,412
858
112
0.49
0.49
0.25
38.08
33.89
$ 1,356
828
114
0.45
0.44
0.15
30.09
26.19
27. Subsequent Events
In January 2011, the Company completed the issuance of $500 million aggregate principal amount of 2.90% senior notes
due January 15, 2016. The net proceeds from the issuance were used to replace a portion of the cash used to purchase the 2018
Notes tendered pursuant to the tender offer.
On February 10, 2011, the Board declared a dividend of $0.25 per share on outstanding common stock, which will be paid
on April 8, 2011, to shareholders of record on March 21, 2011.
117