Snapple 2012 Annual Report Download - page 116

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
98
20. Guarantor and Non-Guarantor Financial Information
The Company's 2012, 2013, 2016, 2018, 2019, 2020, 2021, 2022 and 2038 Notes (collectively, the "Notes") are fully and
unconditionally guaranteed by substantially all of the Company's existing and future direct and indirect domestic subsidiaries
(except two immaterial subsidiaries associated with charitable purposes) (the "Guarantors"), as defined in the indentures governing
the Notes. The Guarantors are wholly-owned either directly or indirectly by the Company and jointly and severally guarantee the
Company's obligations under the Notes. None of the Company's subsidiaries organized outside of the U.S. (collectively, the "Non-
Guarantors") guarantee the Notes.
The following schedules present the financial information for the years ended December 31, 2012, 2011 and 2010, and as of
December 31, 2012, and 2011, for Dr Pepper Snapple Group, Inc. (the "Parent"), Guarantors and Non-Guarantors. The consolidating
schedules are provided in accordance with the reporting requirements for guarantor subsidiaries (in millions).
Condensed Consolidating Statements of Income
For the Year Ended December 31, 2012
Parent Guarantors Non-
Guarantors Eliminations Total
Net sales $ — $ 5,451 $ 575 $ (31) $ 5,995
Cost of sales — 2,265 266 (31) 2,500
Gross profit — 3,186 309 — 3,495
Selling, general and administrative expenses — 2,062 206 — 2,268
Depreciation and amortization — 117 7 — 124
Other operating expense, net — 11 — — 11
Income from operations — 996 96 — 1,092
Interest expense 122 90 — (87) 125
Interest income (81) (1)(7) 87 (2)
Other (income) expense, net (11) (4) 6 — (9)
Income (loss) before provision for income
taxes and equity in earnings of subsidiaries (30) 911 97 — 978
Provision for income taxes (13) 342 20 — 349
Income (loss) before equity in earnings of
subsidiaries (17) 569 77 — 629
Equity in earnings of consolidated subsidiaries 647 78 — (725) —
Equity in earnings of unconsolidated
subsidiaries, net of tax (1) — 1 — —
Net income $ 629 $ 647 $ 78 $ (725) $ 629