Snapple 2010 Annual Report Download - page 63

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Cash and Cash Equivalents
Cash and cash equivalents were $315 million as of December 31, 2010, an increase of $35 million from $280 million as of
December 31, 2009.
Our cash is used to fund working capital requirements, scheduled debt and interest payments, capital expenditures, income
tax obligations, dividend payments and repurchases of our common stock. Cash available in our foreign operations may not be
immediately available for these purposes. Foreign cash balances constitute approximately 20% of our total cash position as of
December 31, 2010.
Dividends
2011
On February 10, 2011, our 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.
2010
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.
On August 11, 2010, our Board declared a dividend of $0.25 per share on outstanding common stock, which was paid on
October 8, 2010, to shareholders of record on September 20, 2010.
On November 15, 2010, our Board declared a dividend of $0.25 per share on outstanding common stock, which was paid on
January 7, 2011, to shareholders of record on December 20, 2010.
2009
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.
Common Stock Repurchases
On November 20, 2009, the Board authorized the repurchase of up to $200 million of the Company's outstanding common
stock over the next three years. On February 24, 2010, the Board approved an increase in the total aggregate share repurchase
authorization up to $1 billion. On July 12, 2010, the Board authorized the repurchase of an additional $1 billion of our outstanding
common stock over the next three years, which additional authorization may be used to repurchase shares of our common stock
after the funds authorized on February 24, 2010 have been utilized. We repurchased approximately 31 million shares of our common
stock valued at approximately $1.1 billion in the year ended December 31, 2010.
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