Snapple 2013 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2013 Snapple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 133

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
114
24. Selected Quarterly Financial Data (unaudited)
The following table summarizes the Company's information on net sales, gross profit, net income, earnings per share and
other quarterly financial data by quarter for the years ended December 31, 2013 and 2012. This data, with the exception of the
common stock prices, was derived from the Company's unaudited consolidated financial statements (in millions, except per share
data).
First Second Third Fourth
For the Year Ended December 31, Quarter Quarter Quarter Quarter
2013
Net sales $ 1,380 $ 1,611 $ 1,543 $ 1,463
Gross profit 790 935 893 880
Net income 106 155 207 156
Earnings per common share — basic $ 0.52 $ 0.76 $ 1.02 $ 0.78
Earnings per common share — diluted 0.51 0.76 1.01 0.78
Dividend declared per share 0.38 0.38 0.38 0.38
Common stock price
High $ 46.95 $ 50.36 $ 48.29 $ 49.17
Low 42.47 44.98 44.31 43.38
2012
Net sales $ 1,362 $ 1,621 $ 1,528 $ 1,484
Gross profit 778 936 902 879
Net income 102 178 179 170
Earnings per common share — basic $ 0.48 $ 0.84 $ 0.85 $ 0.82
Earnings per common share — diluted 0.48 0.83 0.84 0.81
Dividend declared per share 0.34 0.34 0.34 0.34
Common stock price
High $ 40.21 $ 43.75 $ 45.60 $ 45.91
Low 37.33 39.14 43.23 42.60
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
Not applicable.
ITEM 9A. CONTROLS AND PROCEDURES
DISCLOSURE CONTROLS AND PROCEDURES
Based on evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15
(e) of the Exchange Act) our management, including our Chief Executive Officer and Chief Financial Officer, has concluded that,
as of December 31, 2013, our disclosure controls and procedures are effective to (i) provide reasonable assurance that information
required to be disclosed in the Exchange Act filings is recorded, processed, summarized and reported within the time periods
specified by the Securities and Exchange Commission's rules and forms, and (ii) ensure that information required to be disclosed
by us in the reports we file or submit under the Exchange Act are accumulated and communicated to our management, including
our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.