Pepsi 2007 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2007 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 90

  • 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
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

Results of Operations — Division Review
FLNA PBNA PI QFNA Total
Net Revenue, 2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,586 $10,230 $15,798 $1,860 $39,474
Net Revenue, 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,844 $9,565 $12,959 $1,769 $35,137
% Impact of:
Volume(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3% (2)% 7% 2% 3%
Effective net pricing(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 3.5 3 4
Foreign exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 – 6 1 2
Acquisitions/divestitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 2 6 – 3
% Change(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7% 7% 22% 5% 12%
FLNA PBNA PI QFNA Total
Net Revenue, 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,844 $9,565 $12,959 $1,769 $35,137
Net Revenue, 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,322 $9,146 $11,376 $1,718 $32,562
% Impact of:
Volume(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1% 3% 6% 1% 3%
Effective net pricing(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 4 2 3
Foreign exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 – 1 1 1
Acquisitions/divestitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 – 3 – 1
% Change(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5% 5% 14% 3% 8%
(a) Excludes the impact of acquisitions and divestitures. For PBNA and PI, volume growth varies from the amounts disclosed in the following divisional discussions
due primarily to non-consolidated joint venture volume and temporary timing differences between BCS and CSE. Our net revenue for PBNA and PI excludes non-
consolidated joint venture volume and is based on CSE.
(b) Includes the year-over-year impact of discrete pricing actions, sales incentive activities and mix resulting from selling varying products in different package sizes and in
different countries.
(c) Amounts may not sum due to rounding.
The results and discussions below are based on how our Chief Executive Officer monitors
the performance of our divisions. For additional information on these items and our
divisions, see Note 1.
49