Pepsi 2015 Annual Report Download - page 93

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Table of Contents
76
Consolidated Statement of Cash Flows (continued)
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013
(in millions)
2015 2014 2013
Financing Activities
Proceeds from issuances of long-term debt $ 8,702 $ 3,855 $ 4,195
Payments of long-term debt (4,095) (2,189) (3,894)
Short-term borrowings, by original maturity
More than three months - proceeds 15 50 23
More than three months - payments (43) (10) (492)
Three months or less, net 53 (2,037) 1,634
Cash dividends paid (4,040) (3,730) (3,434)
Share repurchases - common (5,000) (5,012) (3,001)
Share repurchases - preferred (5) (10) (7)
Proceeds from exercises of stock options 504 755 1,123
Excess tax benefits from share-based payment arrangements 133 114 117
Acquisition of noncontrolling interests —— (20)
Other financing (52) (50) (33)
Net Cash Used for Financing Activities (3,828) (8,264) (3,789)
Effect of exchange rate changes on cash and cash equivalents (221) (546) (196)
Net Increase/(Decrease) in Cash and Cash Equivalents 2,962 (3,241) 3,078
Cash and Cash Equivalents, Beginning of Year 6,134 9,375 6,297
Cash and Cash Equivalents, End of Year $ 9,096 $ 6,134 $ 9,375
See accompanying notes to the consolidated financial statements.