Pepsi 2013 Annual Report Download - page 88

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70
Consolidated Statement of Cash Flows (continued)
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 28, 2013, December 29, 2012 and December 31, 2011
(in millions)
2013 2012 2011
Financing Activities
Proceeds from issuances of long-term debt $ 4,195 $ 5,999 $ 3,000
Payments of long-term debt (3,894) (2,449) (1,596)
Debt repurchase —— (771)
Short-term borrowings, by original maturity
More than three months – proceeds 23 549 523
More than three months – payments (492) (248) (559)
Three months or less, net 1,634 (1,762) 339
Cash dividends paid (3,434) (3,305) (3,157)
Share repurchases – common (3,001) (3,219) (2,489)
Share repurchases – preferred (7) (7) (7)
Proceeds from exercises of stock options 1,123 1,122 945
Excess tax benefits from share-based payment arrangements 117 124 70
Acquisition of noncontrolling interests (20) (68) (1,406)
Other financing (33) (42) (27)
Net Cash Used for Financing Activities (3,789) (3,306) (5,135)
Effect of exchange rate changes on cash and cash equivalents (196) 62 (67)
Net Increase/(Decrease) in Cash and Cash Equivalents 3,078 2,230 (1,876)
Cash and Cash Equivalents, Beginning of Year 6,297 4,067 5,943
Cash and Cash Equivalents, End of Year $ 9,375 $ 6,297 $ 4,067
See accompanying notes to consolidated financial statements.