Pepsi 2012 Annual Report Download - page 108

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of cash. As such, we believe investors should also consider
net capital spending when evaluating our cash from operat-
ing activities. Additionally, we consider certain other items
(included in the Net Cash Provided by Operating Activities
Reconciliation table) in evaluating management operating cash
flow which we believe investors should consider in evaluating
our management operating cash flow results.
Net Revenue Reconciliation
Year Ended
12/29/12 12/31/11 Growth
Reported Net Revenue $65,492 $66,504 (1.5)%
53rd Week –(623)
Core Net Revenue $65,492 $65,881 (1)%
Division Operating Prot Reconciliation
Year Ended
12/29/12 12/31/11 Growth
Core Division Operating Profit $ 10,844 $ 11,329 (4)%
Merger and Integration Charges (11) (235)
Restructuring and Impairment
Charges (269) (309)
Restructuring and Other Charges
Related to the Transaction
withTingyi (150) –
53rd Week – 127
Inventory Fair Value Adjustments – (46)
Division Operating Profit 10,414 10,866
Impact of Corporate Unallocated (1,302) (1,233)
Total Reported Operating Profit $ 9,112 $ 9,633 (5)%
Total Operating Prot Reconciliation
Year Ended
12/29/12 12/31/11 Growth
Reported Operating Profit $ 9,112 $ 9,633 (5)%
Mark-to-Market Net Impact (65) 102
Merger and Integration Charges 11 313
Restructuring and Impairment
Charges 279 383
Restructuring and Other Charges
Related to the Transaction
withTingyi 150 –
Pension Lump Sum Settlement Charge 195 –
53rd Week – (109)
Inventory Fair Value Adjustments – 46
Core Operating Profit $ 9,682 $ 10,368 (7)%
Net Income Attributable to PepsiCo Reconciliation
Year Ended
12/29/12 12/31/11 Growth
Reported Net Income Attributable
toPepsiCo $6,178 $6,443 (4)%
Mark-to-Market Net Impact (41)71
Merger and Integration Charges 12 271
Restructuring and Impairment
Charges 215 286
Restructuring and Other Charges
Related to the Transaction
withTingyi 176 –
Pension Lump Sum Settlement Charge 131 –
Tax Benefit Related to Tax Court
Decision (217)–
53rd Week –(64)
Inventory Fair Value Adjustments –28
Core Net Income Attributable to
PepsiCo $6,454 $7,035 (8)%
Diluted EPS Reconciliation
Year Ended
12/29/12 12/31/11 Growth
Reported Diluted EPS $ 3.92 $ 4.03 (3)%
Mark-to-Market Net Impact (0.03 ) 0.04
Merger and Integration Charges 0.01 0.17
Restructuring and Impairment
Charges 0.14 0.18
Restructuring and Other Charges
Related to the Transaction
withTingyi 0.11 –
Pension Lump Sum Settlement Charge 0.08 –
Tax Benefit Related to Tax Court
Decision (0.14 ) –
53rd Week – (0.04)
Inventory Fair Value Adjustments – 0.02
Core Diluted EPS $ 4.10 $ 4.40 (7)%
Reconciliation of GAAP and Non- GAAP Information
(continued)
2012 PEPSICO ANNUAL REPORT106