Snapple 2013 Annual Report Download - page 115
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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
105
Condensed Consolidating Statements of Income
For the Year Ended December 31, 2013
Parent Guarantors
Non-
Guarantors Eliminations Total
Net sales $ — $ 5,406 $ 623 $ (32) $ 5,997
Cost of sales — 2,240 291 (32) 2,499
Gross profit — 3,166 332 — 3,498
Selling, general and administrative expenses 4 2,048 220 — 2,272
Multi-employer pension plan withdrawal — 56 — — 56
Depreciation and amortization — 107 8 — 115
Other operating expense, net — 9 — — 9
Income from operations (4) 946 104 — 1,046
Interest expense 118 89 — (84) 123
Interest income (77) — (9) 84 (2)
Other expense (income), net 383 (6) 6 — 383
(Loss) income before (benefit) provision for
income taxes and equity in earnings of
subsidiaries (428) 863 107 — 542
(Benefit) provision for income taxes (16) (147) 82 — (81)
Income (loss) before equity in earnings of
subsidiaries (412) 1,010 25 — 623
Equity in earnings of consolidated subsidiaries 1,036 26 — (1,062) —
Equity in earnings of unconsolidated
subsidiaries, net of tax — — 1 — 1
Net income $ 624 $ 1,036 $ 26 $ (1,062) $ 624