Snapple 2010 Annual Report Download - page 37

Mexico and Canada. As of December 31, 2010, we leased four office facilities throughout Mexico and Canada, including
our Latin America Beverages operating segment's principal offices in Mexico City. We own and operate in three manufacturing
facilities, including one joint venture manufacturing facility. We have 23 additional direct distribution centers, four of which are
owned and 19 of which are leased, in Mexico which are all included in our Latin America Beverages operating segment. Our
manufacturing facilities in the U.S. supply our products to bottlers, retailers and distributors in Canada.
We believe our facilities in the U.S. and Mexico are well-maintained and adequate, that they are being appropriately
utilized in line with past experience, and that they have sufficient production capacity for their present intended purposes. The
extent of utilization of such facilities varies based on seasonal demand of our products. It is not possible to measure with any
degree of certainty or uniformity the productive capacity and extent of utilization of these facilities. We periodically review our
space requirements, and we believe we will be able to acquire new space and facilities as and when needed on reasonable
terms. We also look to consolidate and dispose or sublet facilities we no longer need, as and when appropriate.
New Facilities. We completed a new manufacturing and distribution facility in 2010 in Victorville, California, that
operates as our western hub in a regional manufacturing and distribution footprint serving consumers in California and parts of
the desert Southwest. The facility produces a wide range of soft drinks, juices, juice drinks, bottled water, ready-to-drink teas,
energy drinks and other premium beverages at the Victorville plant. The plant consists of an 850,000-square-foot building on
57 acres, including 550,000 square feet of warehouse space, and a 300,000-square-foot manufacturing plant.
ITEM 3. LEGAL PROCEEDINGS
We are occasionally subject to litigation or other legal proceedings relating to our business. See Note 20 of the Notes to our
Audited Consolidated Financial Statements for more information related to commitments and contingencies, which are
incorporated herein by reference.
ITEM 4. (Removed and Reserved)
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
In the United States, our common stock is listed and traded on the New York Stock Exchange under the symbol “DPS”.
Information as to the high and low sales prices of our stock for the two years ended December 31, 2010, and the frequency and
amount of dividends declared on our stock during these periods, is set forth in Note 26 of the Notes to our Audited Consolidated
Financial Statements.
As of February 17, 2011, there were approximately 22,000 stockholders of record of our common stock. This figure does not
include a substantially greater number of “street name” holders or beneficial holders of our common stock, whose shares are held
of record by banks, brokers, and other financial institutions.
The information under the principal heading “Equity Compensation Plan Information” in our definitive Proxy Statement for
the Annual Meeting of Stockholders to be held on May 19, 2011, to be filed with the Securities and Exchange Commission, is
incorporated herein by reference.
During the fiscal years ended December 31, 2010, 2009, and 2008, we did not sell any equity securities that were not registered
under the Securities Act of 1933, as amended.
Dividend Policy
On November 20, 2009, our Board declared our first dividend of $0.15 per share on outstanding common stock, which was
paid on January 8, 2010 to stockholders of record at the close of business on December 21, 2009. Prior to that declaration, we had
not paid a cash dividend on our common stock since our demerger on May 7, 2008.
On February 3, 2010, our Board declared a dividend of $0.15 per share on outstanding common stock, which was paid on
April 9, 2010 to stockholders of record at the close of business on March 22, 2010.
On May 19, 2010, our Board declared a dividend of $0.25 per share on outstanding common stock, which was paid on
July 9, 2010 to stockholders of record at the close of business on June 21, 2010.
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