Snapple 2009 Annual Report Download - page 39

ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
United States. As of December 31, 2009, we owned or leased 209 administrative, manufacturing, and
distribution facilities across the United States. Our principal offices are located in Plano, Texas, in a facility that we
own. We also lease an office in Rye Brook, New York. Our Packaged Beverages segment owns 13 manufacturing
facilities, 56 distribution centers and warehouses, and three office buildings, including our headquarters. They also
lease six manufacturing facilities, 120 distribution centers and warehouses, and 10 office buildings.
Mexico and Canada. As of December 31, 2009, we leased four office facilities throughout Mexico and
Canada, including our Latin America Beverages operating segment’s principal offices in Mexico City. We own four
manufacturing facilities, including one joint venture manufacturing facility, and we have 27 additional direct
distribution centers, four of which are owned and 23 of which are leased, in Mexico which are all included in our
Latin America Beverages operating segment. Our manufacturing facilities in the United States supply our products
to bottlers, retailers and distributors in Canada.
We believe our facilities in the United States and Mexico are well-maintained and adequate, that they are being
appropriately utilized in line with past experience, and that they have sufficient production capacity for their present
intended purposes. The extent of utilization of such facilities varies based on seasonal demand of our products. It is
not possible to measure with any degree of certainty or uniformity the productive capacity and extent of utilization
of these facilities. We periodically review our space requirements, and we believe we will be able to acquire new
space and facilities as and when needed on reasonable terms. We also look to consolidate and dispose or sublet
facilities we no longer need, as and when appropriate.
New Facilities. We are near completion of a new manufacturing and distribution facility in Victorville,
California, that will operate as our western hub in a regional manufacturing and distribution footprint serving
consumers in California and parts of the desert Southwest. When open in 2010, the facility will produce a wide
range of soft drinks, juices, juice drinks, bottled water, ready-to-drink teas, energy drinks and other premium
beverages at the Victorville plant. The plant will consist of an 850,000-square-foot building on 57 acres, including
550,000 square feet of warehouse space, and a 300,000-square-foot manufacturing plant. As of December 31, 2009,
we had capital commitments of approximately $6 million related to this facility.
ITEM 3. LEGAL PROCEEDINGS
We are occasionally subject to litigation or other legal proceedings relating to our business. See Note 20 of the
Notes to our Audited Consolidated Financial Statements for more information related to commitments and
contingencies, which are incorporated herein by reference.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There were no matters submitted to a vote of stockholders during the fourth quarter of 2009.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
In the United States, our common stock is listed and traded on the New York Stock Exchange under the symbol
“DPS”. Information as to the high and low sales prices of our stock for the two years ended December 31, 2009, and
the frequency and amount of dividends declared on our stock during these periods, is set forth in Note 25 of the
Notes to our Audited Consolidated Financials Statements.
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