Pepsi 2011 Annual Report Download - page 52

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Fiscal years ended December31, 2011, December25, 2010 and December26, 2009
(in millions except per share amounts) 2010 2009
2011
Net Revenue $ 66,504 $ 57,838 $ 43,232
Cost of sales 31,593 26,575 20,099
Selling, general and administrative expenses 25,145 22,814 15,026
Amortization of intangible assets 133 117 63
Operating Profit 9,633 8,332 8,044
Bottling equity income – 735 365
Interest expense (856) (903) (397)
Interest income and other 57 68 67
Income before income taxes 8,834 8,232 8,079
Provision for income taxes 2,372 1,894 2,100
Net income 6,462 6,338 5,979
Less: Net income attributable to noncontrolling interests 19 18 33
Net Income Attributable to PepsiCo $ 6,443 $ 6,320 $ 5,946
Net Income Attributable to PepsiCo per Common Share
Basic $ 4.08 $ 3.97 $ 3.81
Diluted $ 4.03 $ 3.91 $ 3.77
Weighted- average common shares outstanding
Basic 1,576 1,590 1,558
Diluted 1,597 1,614 1,577
Cash dividends declared per common share $ 2.025 $ 1.89 $ 1.775
See accompanying notes to consolidated nancial statements.
Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries
PepsiCo, Inc.  Annual Report
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