Snapple 2010 Annual Report Download - page 15

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DR PEPPER SNAPPLE GROUP, INC.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
For the Twelve Months Ended December 31, 2010 and 2009
(Unaudited)
The company reports its financial results in accordance with accounting principles generally accepted in the
United States of America (“U.S. GAAP”). However, management believes that certain non-GAAP measures that
reflect the way management evaluates the business may provide investors with additional information regarding the
company’s results, trends and ongoing performance on a comparable basis. Specifically, investors should consider
the following with respect to our annual results:
2010 2009 Percent
Change
For the Twelve Months Ended
December 31,
Segment Results — Segment Operating Profit (“SOP”)
Beverage Concentrates ................................... $ 745 $ 683 9%
Packaged Beverages..................................... 536 573 (6)%
Latin America Beverages ................................. 40 54 (26)%
Total SOP .............................................. 1,321 1,310 1%
Unallocated corporate costs ............................... 288 265
Other operating expense (income), net ....................... 8 (40)
Income from operations .................................... 1,025 1,085
Diluted earnings per share (“EPS”) excluding certain items: Reported EPS adjusted for: 1) the loss on early
extinguishment of a portion of the senior notes due 2018, 2) certain separation-related tax items in 2010 and 2009,
and 3) the net gain related to the Hansen contract termination payment as well as the sale of assets in 2009.
2010 2009 Percent
Change
For the Twelve Months Ended
December 31,
Reported Diluted EPS..................................... $2.17 $ 2.17 NM
Loss on early extinguishment of debt......................... 0.27 —
Net gain on Hansen termination and sale of certain intangible assets. . — (0.15)
Kraft indemnity income related items ........................ (0.04) —
Deferred and other tax items ............................... — (0.05)
Diluted EPS, excluding certain items ......................... $2.40 $ 1.97 22%
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