Pepsi 2012 Annual Report Download - page 70

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Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries
Fiscal years ended December29, 2012, December31, 2011 and December25, 2010
(in millions except per share amounts) 2012 2011 2010
Net Revenue $ 65,492 $ 66,504 $ 57,838
Cost of sales 31,291 31,593 26,575
Selling, general and administrative expenses 24,970 25,145 22,814
Amortization of intangible assets 119 133 117
Operating Profit 9,112 9,633 8,332
Bottling equity income 735
Interest expense (899) (856) (903)
Interest income and other 91 57 68
Income before income taxes 8,304 8,834 8,232
Provision for income taxes 2,090 2,372 1,894
Net income 6,214 6,462 6,338
Less: Net income attributable to noncontrolling interests 36 19 18
Net Income Attributable to PepsiCo $ 6,178 $ 6,443 $ 6,320
Net Income Attributable to PepsiCo per Common Share
Basic $ 3.96 $ 4.08 $ 3.97
Diluted $ 3.92 $ 4.03 $ 3.91
Weighted-average common shares outstanding
Basic 1,557 1,576 1,590
Diluted 1,575 1,597 1,614
Cash dividends declared per common share $ 2.1275 $ 2.025 $ 1.89
See accompanying notes to consolidated financial statements.
2012 PEPSICO ANNUAL REPORT68