Pepsi 2014 Annual Report Download - page 90

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70
Consolidated Statement of Cash Flows (continued)
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 27, 2014, December 28, 2013 and December 29, 2012
(in millions)
2014 2013 2012
Financing Activities
Proceeds from issuances of long-term debt $ 3,855 $ 4,195 $ 5,999
Payments of long-term debt (2,189) (3,894) (2,449)
Short-term borrowings, by original maturity
More than three months - proceeds 50 23 549
More than three months - payments (10) (492) (248)
Three months or less, net (2,037) 1,634 (1,762)
Cash dividends paid (3,730) (3,434) (3,305)
Share repurchases - common (5,012) (3,001) (3,219)
Share repurchases - preferred (10) (7) (7)
Proceeds from exercises of stock options 755 1,123 1,122
Excess tax benefits from share-based payment arrangements 114 117 124
Acquisition of noncontrolling interests —(20) (68)
Other financing (50) (33) (42)
Net Cash Used for Financing Activities (8,264) (3,789) (3,306)
Effect of exchange rate changes on cash and cash equivalents (546) (196) 62
Net (Decrease)/Increase in Cash and Cash Equivalents (3,241) 3,078 2,230
Cash and Cash Equivalents, Beginning of Year 9,375 6,297 4,067
Cash and Cash Equivalents, End of Year $ 6,134 $ 9,375 $ 6,297
See accompanying notes to the consolidated financial statements.
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