Pepsi 2009 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2009 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 110

  • 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
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

92 PepsiCo, Inc. 2009 Annual Report
Diluted EPS Reconciliation
200920082009
Growth 2007
Reported Diluted EPS $3.77 $3.21 17% $3.41
Mark-to-Market Net (Gains)/
Losses on Commodity Hedges (0.11) 0.14 (0.01)
Restructuring and Impairment
Charges 0.02 0.25 0.04
PBG’s Restructuring and
Impairment Charges –0.07 –
PBG/PAS Merger Costs 0.03 – –
Tax Benefits –– (0.08)
Diluted EPS Excluding above
Items $3.71 $3.68* 1% $3.37*
Foreign Currency Translation 5
Diluted EPS Excluding above
Items, on a constant currency
basis 6%
* Does not sum due to rounding
ROIC Reconciliation*
2009
Reported ROIC 27%
Mark-to-Market Net Impact of Commodity Hedges (1)
ROIC Excluding above Item 26%
* All reconciling items to reported ROIC, other than the mark-to-market net impact of
commodity hedges, round to zero.
Net Cash Provided by Operating Activities
Reconciliation (in billions)
2009 2008 Growth
Net Cash Provided by Operating
Activities $6.8 $7.0 (3)%
Capital Spending (2.1) (2.4)
Sales of Property, Plant and Equipment 0.1 0.1
Management Operating Cash Flow 4.7* 4.7
Discretionary Pension Contribution
(After-Tax) 0.6 –
Restructuring Payments (After-Tax) 0.2 0.2
PBG/PAS Merger Cost Payments 0.0 –
Management Operating Cash Flow
Excluding above Items $5.6* $4.8* 16%
* Does not sum due to rounding
88045_pepsico-09ar_87-92_R1.indd 92 2/24/10 5:13 PM