Pepsi 2010 Annual Report Download - page 74

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Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries
(continued)
73
(in millions)
Fiscal years ended December25, 2010, December 26, 2009 and December 27, 2008 2010 2009 2008
Financing Activities
Proceeds from issuances of long-term debt $ 6,451 $ 1,057 $ 3,719
Payments of long-term debt (59) (226) (649)
Debt repurchase (500) – –
Short-term borrowings, by original maturity
More than three months — proceeds 227 26 89
More than three months — payments (96) (81) (269)
Three months or less, net 2,351 (963) 625
Cash dividends paid (2,978) (2,732) (2,541)
Share repurchases — common (4,978) – (4,720)
Share repurchases — preferred (5) (7) (6)
Proceeds from exercises of stock options 1,038 413 620
Excess tax benets from share-based payment arrangements 107 42 107
Acquisition of noncontrolling interest in Lebedyansky from PBG (159) – –
Other nancing (13) (26) –
Net Cash Provided by/(Used for) Financing Activities 1,386 (2,497) (3,025)
Effect of exchange rate changes on cash and cash equivalents (166) (19) (153)
Net Increase in Cash and Cash Equivalents 2,000 1,879 1,154
Cash and Cash Equivalents, Beginning of Year 3,943 2,064 910
Cash and Cash Equivalents, End of Year $ 5,943 $ 3,943 $ 2,064
Non-cash activity:
Issuance of common stock and equity awards in connection with our acquisitions of PBG and PAS,
as reected in investing and nancing activities $ 4,451 – –
See accompanying notes to consolidated nancial statements.