Pepsi 2005 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2005 Pepsi 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 80

  • 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

43
Results of Continuing Operations — Division Review
The results and discussions below are based on how our Chief Executive Officer monitors the performance of our
divisions. Prior year amounts exclude the results of divested businesses. For additional information on these items
and our divisions, see Note 1.
FLNA PBNA PI QFNA Total
Net Revenue, 2005 $10,322 $9,146 $11,376 $1,718 $32,562
Net Revenue, 2004 $9,560 $8,313 $9,862 $1,526 $29,261
% Impact of:
Volume 4.5% 4%(a) 8%(a) 9% 6%
Effective net pricing 3 5 2.5 3 3
Foreign exchange 0.5 – 3 1 1
Acquisition/divestitures – – 2 – 0.5
% Change
(b)
8% 10% 15% 13% 11%
Divested
FLNA PBNA PI QFNA Businesses Total
Net Revenue, 2004 $9,560 $8,313 $9,862 $1,526 – $29,261
Net Revenue, 2003 $9,091 $7,733 $8,678 $1,467 $2 $26,971
% Impact of:
Volume 3% 3%(a) 7%(a) 3% – 4%
Effective net pricing 2 4 2 – – 2
Foreign exchange – – 4 1 – 2
Acquisition/divestitures – – 1 – – –
% Change
(b)
5% 7% 14% 4% N/A 8%
(a) For beverages sold to our bottlers, net revenue volume growth is based on our concentrate shipments and equivalents.
(b) Amounts may not sum due to rounding.