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These excerpts taken from the GIS 10-K filed Jul 11, 2008. Cash Flows
from Investing Activities
In fiscal 2008, cash used by investing activities decreased by
$154.7 million from fiscal 2007 when we funded our share of
CPW’s acquisition of the Uncle Tobys cereal business in
Australia (reflected in acquisitions and investments in
affiliates, net), acquired Saxby Bros. Limited, and acquired our
master franchisee of Häagen-Dazs shops in Greece.
During fiscal 2008, we sold our former production facilities in
Vallejo, California and Allentown, Pennsylvania, while in fiscal
2007 we sold our frozen pie product line, including a plant in
Rochester, New York, and our par-baked bread product line,
including plants in Chelsea, Massachusetts and Tempe, Arizona.
Capital investment for land, buildings, and equipment increased
by $61.8 million, as we continued to increase manufacturing
capacity for our snack bars and yogurt products and began
consolidating manufacturing for our Old El Paso
business. We expect capital expenditures to increase to
approximately $550 million in fiscal 2009, including
initiatives that will: increase manufacturing capacity for
Yoplait yogurt, Nature Valley bars, and
Progresso soup; increase productivity throughout the
supply chain; and continue upgrades to our International
segment’s information technology systems.
Table of Contents
Cash Flows from Investing Activities
In fiscal 2008, cash used by investing activities decreased by $154.7 million from fiscal 2007 when we funded our share of CPW’s acquisition of the Uncle Tobys cereal business in Australia (reflected in acquisitions and investments in affiliates, net), acquired Saxby Bros. Limited, and acquired our master franchisee of Häagen-Dazs shops in Greece. During fiscal 2008, we sold our former production facilities in Vallejo, California and Allentown, Pennsylvania, while in fiscal 2007 we sold our frozen pie product line, including a plant in Rochester, New York, and our par-baked bread product line, including plants in Chelsea, Massachusetts and Tempe, Arizona. Capital investment for land, buildings, and equipment increased by $61.8 million, as we continued to increase manufacturing capacity for our snack bars and yogurt products and began consolidating manufacturing for our Old El Paso business. We expect capital expenditures to increase to approximately $550 million in fiscal 2009, including initiatives that will: increase manufacturing capacity for Yoplait yogurt, Nature Valley bars, and Progresso soup; increase productivity throughout the supply chain; and continue upgrades to our International segment’s information technology systems.
Table of ContentsThis excerpt taken from the GIS 10-K filed Jul 26, 2007. Cash Flows from Investing Activities
In fiscal 2007, capital investment for land, buildings, and equipment increased by $100 million to $460 million, as we increased manufacturing capacity for our snack bars and yogurt products and increased spending on cost-saving projects. We expect capital expenditures to increase to approximately $575 million in fiscal 2008, including projects to: consolidate manufacturing for our Old El Paso business; enhance distribution capabilities at one of our United States plants; increase our yogurt and chewy snack bar manufacturing capacity; and begin an upgrade of our information technology systems in Latin and South America and Asia. During fiscal 2007, we funded our share of CPW’s acquisition of the Uncle Tobys cereal business in Australia (reflected in acquisitions and investments in affiliates, net) and acquired Saxby Bros. Limited, a chilled pastry company in the United Kingdom. In addition, we completed an acquisition of our master franchisee of Häagen-Dazs shops in Greece. We also sold our frozen pie product line, including a plant in Rochester, New York, and our par-baked bread product line, including plants in Chelsea, Massachusetts and Tempe, Arizona. 22 | EXCERPTS ON THIS PAGE:
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