Snapple 2009 Annual Report Download - page 141

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Parent Guarantors Non-Guarantors Eliminations Total
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2007
(In millions)
Net sales .......................... $ $ 5,131 $ 575 $ (11) $ 5,695
Cost of sales ....................... 2,336 239 (11) 2,564
Gross profit ...................... 2,795 336 — 3,131
Selling, general and administrative
expenses ........................ 1,828 190 — 2,018
Depreciation and amortization .......... — 91 7 98
Impairment of intangible assets ......... — 6 6
Restructuring costs ................... — 63 13 76
Other operating (income) expense ...... — (71) — (71)
Income from operations ............... 878 126 1,004
Interest expense ..................... — 224 29 253
Interest income ..................... — (48) (16) — (64)
Other (income) expense ............. — (2) (2)
Income before provision for income taxes
and equity in earnings of subsidiaries . . . 702 115 817
Provision for income taxes ........... — 280 42 322
Income before equity in earnings of
subsidiaries ...................... — 422 73 495
Equity in earnings of consolidated
subsidiaries ...................... — 1 (1)
Equity in earnings of unconsolidated
subsidiaries, net of tax .............. — 2 2
Net income (loss).................... $ — $ 423 $ 75 $ (1) $ 497
121
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)