Snapple 2009 Annual Report Download - page 146

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Parent Guarantors Non-Guarantors Eliminations Total
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2007
(in millions)
Operating activities:
Net cash provided by operating activities . . . $ — $ 504 $ 99 $ — $ 603
Investing activities:
Acquisition of subsidiaries, net of cash . ...... — (30) — — (30)
Purchases of investments and intangible
assets . ............................ — (2) — — (2)
Proceeds from disposals of intangible assets . . . — 98 — — 98
Purchases of property, plant and equipment. . . . — (218) (12) — (230)
Proceeds from disposals of property, plant and
equipment.......................... — 4 2 — 6
Group transfer of property, plant and
equipment.......................... — — — — —
Issuances of notes receivable, net ........... — (1,441) (496) — (1,937)
Proceeds from repayments of notes receivable,
net............................... — 604 404 — 1,008
Net cash used in investing activities . ...... — (985) (102) — (1,087)
Financing activities:
Proceeds from issuance of long-term debt ..... — 2,845 — — 2,845
Repayment long-term debt................ — (3,130) (325) — (3,455)
Excess tax benefit on stock-based
compensation . ...................... — 4 — — 4
Change in Cadbury’s net investment . . . ...... — 773 348 — 1,121
Net cash provided by financing activities . . . — 492 23 — 515
Cash and cash equivalents — net change
from:
Operating, investing and financing activities . . . — 11 20 — 31
Currency translation . . . ................. — 2 (1) — 1
Cash and cash equivalents at beginning of
period. ............................ — 16 19 — 35
Cash and cash equivalents at end of period . . . . $ — $ 29 $ 38 $ — $ 67
24. Agreement with PepsiCo, Inc.
On December 8, 2009, DPS agreed to license certain brands to PepsiCo, Inc. (“PepsiCo”) on closing of
PepsiCo’s proposed acquisitions of The Pepsi Bottling Group, Inc. (“PBG”) and PepsiAmericas, Inc. (“PAS”).
Under the new licensing agreements, PepsiCo will distribute Dr Pepper, Crush and Schweppes in the
U.S. territories where these brands are currently distributed by PBG and PAS. The same will apply for Dr Pepper,
Crush, Schweppes, Vernors and Sussex in Canada; and Squirt and Canada Dry in Mexico.
126
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)