Snapple 2012 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, 2012 and 2011
(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:
For the Twelve Months Ended
December 31,
2012 2011 Percent
Change
Segment Results – SOP
Beverage Concentrates $ 774 $ 779 (1)%
Packaged Beverages 539 519 4 %
Latin America Beverages 51 43 19 %
Total SOP 1,364 1,341 2 %
Unallocated corporate costs 261 306
Other operating expense, net 11 11
Income from operations 1,092 1,024
Core Earnings: Core Earnings is defined as net income adjusted for the unrealized mark-to-market impact of commodity
derivatives and certain items that are excluded for comparison to prior year periods. The certain items excluded for the twelve
months ended December 31, 2012, are (i) a depreciation adjustment associated with the reassessment of a capital lease executed
prior to the separation from Cadbury and (ii) a separation-related foreign deferred tax benefit. The certain item excluded for the
twelve months ended December 31, 2011 is a legal provision related to a previously disclosed legal matter.
Core EPS: Core EPS represents core earnings per share on a diluted basis.
For the Twelve Months Ended
December 31,
2012 2011 Percent
Change
Diluted earnings per share $ 2.96 $ 2.74 8%
Unrealized commodity mark-to-market net (gain)/loss (0.04)0.06
Items affecting comparability
Depreciation adjustment on capital lease 0.02 —
Foreign deferred tax benefit (0.02)—
Legal Provision —0.05
Core EPS $ 2.92 $ 2.85 2%
14