Pepsi 2013 Annual Report Download - page 161

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143
Cumulative Total Shareholder Return
Return on PepsiCo stock investment (including dividends), the
S&P500® and the S&P Average of Industry Groups*
in U.S. dollars
100
150
200
250
201320122011201020092008
PepsiCo, Inc. S&P 500® S&P Avg. of
Ind. Groups*
12/08 12/09 12/10 12/11 12/12 12/13
PepsiCo, Inc. $100 $115 $127 $133 $141 $176
S&P 500® $100 $126 $146 $149 $172 $228
S&P Avg. of Industry Groups* $100 $121 $143 $160 $174 $220
* The S&P Average of Industry Groups is derived by weighting the returns of two applicable
S&P Industry Groups (Non-Alcoholic Beverages and Food) by PepsiCo’s sales in its beverages
and foods businesses. The return for PepsiCo, the S&P 500® and the S&P Average indices are
calculated through December 31, 2013.
Forward-Looking Statements
This annual report contains statements reflecting our views about
our future performance that constitute “forward-looking state-
ments” within the meaning of the Private Securities Litigation
Reform Act of 1995 (the “Reform Act”). Statements that constitute
forward-looking statements within the meaning of the Reform
Act are generally identified through the inclusion of words such as
“aim,” “anticipate,” “believe,” “drive,” “estimate,” “expect,” “expressed
confidence,” “forecast,” “future,” “goals,” “guidance,” “intend,” “may,”
“plan,” “position,” “potential,” “project,” “seek,” “should,” “strategy,”
“target,” “will” or similar statements or variations of such words
and other similar expressions. All statements addressing our future
operating performance, and statements addressing events and
developments that we expect or anticipate will occur in the future,
are forward-looking statements within the meaning of the Reform
Act. These forward-looking statements are based on currently
available information, operating plans and projections about
future events and trends. They inherently involve risks and uncer-
tainties that could cause actual results to differ materially from
those predicted in any such forward-looking statement. These risks
and uncertainties include, but are not limited to, those described
in “Risk Factors” in Item 1A. and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations — Our
Business Risks” in Item 7 of our annual report on Form10-K
included herewith. Investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak
only as of the date they are made. We undertake no obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
Net Revenue Year-over-Year Growth Reconciliation
Year Ended 12/28/2013
GAAP
Measure
Reported
Growth
Percent Impact of Non-GAAP
Measure
Organic
Growth
Acquisitions
and
Divestitures
Foreign
Exchange
Translation
China (DD)% DD% (LSD)% DD%
Pakistan DD% –% MSD% DD%
Saudi Arabia HSD% –% –% HSD%
Mexico DD% –% (LSD)% HSD%
Brazil (LSD)% –% DD% HSD%
Turkey LSD% –% MSD% HSD%
Total Operating Profi t Reconciliation
Year Ended
12/28/13 12/29/12 Growth
Reported Operating Profit $ 9,705 $9,112 7%
Commodity Mark-to-Market NetImpact 72 (65)
Merger and Integration Charges 10 11
Restructuring and ImpairmentCharges 163 279
Venezuela Currency Devaluation 111 –
Restructuring and Other Charges Related
to the Transaction WithTingyi – 150
Pension Lump Sum SettlementCharge –195
Core Operating Profit $10,061 $9,682 4%
(in millions)