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This excerpt taken from the PBG 8-K filed Sep 16, 2009. Note 1 –
Basis of Presentation
The Pepsi Bottling Group, Inc. is the world’s largest
manufacturer, seller and distributor of Pepsi-Cola beverages. We
have the exclusive right to manufacture, sell and distribute
Pepsi-Cola beverages in all or a portion of the U.S., Mexico,
Canada, Spain, Russia, Greece and Turkey. When used in these
Consolidated Financial Statements, “PBG,”
“we,” “our,” “us” and the
“Company” each refers to The Pepsi Bottling Group,
Inc. and, where appropriate, to Bottling Group, LLC
(“Bottling LLC”), our principal operating subsidiary.
At December 27, 2008, PepsiCo, Inc. (“PepsiCo”)
owned 70,166,458 shares of our common stock, consisting of
70,066,458 shares of common stock and all 100,000
authorized shares of Class B common stock. This represents
approximately 33.2 percent of our outstanding common stock
and 100 percent of our outstanding Class B common
stock, together representing 40.2 percent of the voting
power of all classes of our voting stock. In addition, PepsiCo
owns approximately 6.6 percent of the equity of Bottling
LLC and 40 percent of PR Beverages Limited (“PR
Beverages”), a consolidated venture for our Russian
operations, which was formed on March 1, 2007.
The common stock and Class B common stock both have a par
value of $0.01 per share and are substantially identical, except
for voting rights. Holders of our common stock are entitled to
one vote per share and holders of our Class B common stock
are entitled to 250 votes per share. Each share of Class B
common stock is convertible into one share of common stock.
Holders of our common stock and holders of our Class B
common stock share equally on a per-share basis in any dividend
distributions.
Our Board of Directors has the authority to provide for the
issuance of up to 20,000,000 shares of preferred stock, and
to determine the price and terms, including, but not limited to,
preferences and voting rights of those shares without
stockholder approval. At December 27, 2008, there was no
preferred stock outstanding.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Note 1 –
Basis of Presentation
The Pepsi Bottling Group, Inc. is the world’s largest
manufacturer, seller and distributor of Pepsi-Cola beverages. We
have the exclusive right to manufacture, sell and distribute
Pepsi-Cola beverages in all or a portion of the U.S., Mexico,
Canada, Spain, Russia, Greece and Turkey. When used in these
Consolidated Financial Statements, “PBG,”
“we,” “our,” “us” and the
“Company” each refers to The Pepsi Bottling Group,
Inc. and, where appropriate, to Bottling Group, LLC
(“Bottling LLC”), our principal operating subsidiary.
At December 27, 2008, PepsiCo, Inc. (“PepsiCo”)
owned 70,166,458 shares of our common stock, consisting of
70,066,458 shares of common stock and all 100,000
authorized shares of Class B common stock. This represents
approximately 33.2 percent of our outstanding common stock
and 100 percent of our outstanding Class B common
stock, together representing 40.2 percent of the voting
power of all classes of our voting stock. In addition, PepsiCo
owns approximately 6.6 percent of the equity of Bottling
LLC and 40 percent of PR Beverages Limited (“PR
Beverages”), a consolidated venture for our Russian
operations, which was formed on March 1, 2007.
The common stock and Class B common stock both have a par
value of $0.01 per share and are substantially identical, except
for voting rights. Holders of our common stock are entitled to
one vote per share and holders of our Class B common stock
are entitled to 250 votes per share. Each share of Class B
common stock is convertible into one share of common stock.
Holders of our common stock and holders of our Class B
common stock share equally on a per-share basis in any dividend
distributions.
Our Board of Directors has the authority to provide for the
issuance of up to 20,000,000 shares of preferred stock, and
to determine the price and terms, including, but not limited to,
preferences and voting rights of those shares without
stockholder approval. At December 27, 2008, there was no
preferred stock outstanding.
Note 1 – Basis of Presentation The Pepsi Bottling Group, Inc. is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages. We have the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of the U.S., Mexico, Canada, Spain, Russia, Greece and Turkey. When used in these Consolidated Financial Statements, “PBG,” “we,” “our,” “us” and the “Company” each refers to The Pepsi Bottling Group, Inc. and, where appropriate, to Bottling Group, LLC (“Bottling LLC”), our principal operating subsidiary. At December 27, 2008, PepsiCo, Inc. (“PepsiCo”) owned 70,166,458 shares of our common stock, consisting of 70,066,458 shares of common stock and all 100,000 authorized shares of Class B common stock. This represents approximately 33.2 percent of our outstanding common stock and 100 percent of our outstanding Class B common stock, together representing 40.2 percent of the voting power of all classes of our voting stock. In addition, PepsiCo owns approximately 6.6 percent of the equity of Bottling LLC and 40 percent of PR Beverages Limited (“PR Beverages”), a consolidated venture for our Russian operations, which was formed on March 1, 2007. The common stock and Class B common stock both have a par value of $0.01 per share and are substantially identical, except for voting rights. Holders of our common stock are entitled to one vote per share and holders of our Class B common stock are entitled to 250 votes per share. Each share of Class B common stock is convertible into one share of common stock. Holders of our common stock and holders of our Class B common stock share equally on a per-share basis in any dividend distributions. Our Board of Directors has the authority to provide for the issuance of up to 20,000,000 shares of preferred stock, and to determine the price and terms, including, but not limited to, preferences and voting rights of those shares without stockholder approval. At December 27, 2008, there was no preferred stock outstanding. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Note 1 –
Basis of Presentation
The Pepsi Bottling Group, Inc. is the world’s largest
manufacturer, seller and distributor of Pepsi-Cola beverages. We
have the exclusive right to manufacture, sell and distribute
Pepsi-Cola beverages in all or a portion of the U.S., Mexico,
Canada, Spain, Russia, Greece and Turkey. When used in these
Consolidated Financial Statements, “PBG,”
“we,” “our,” “us” and the
“Company” each refers to The Pepsi Bottling Group,
Inc. and, where appropriate, to Bottling Group, LLC
(“Bottling LLC”), our principal operating subsidiary.
At December 29, 2007, PepsiCo, Inc. (“PepsiCo”)
owned 79,011,358 shares of our common stock, consisting of
78,911,358 shares of common stock and all 100,000
authorized shares of Class B common stock. At
December 29, 2007, PepsiCo owned approximately
35.2 percent of our outstanding common stock and
100 percent of our outstanding Class B common stock,
together representing 41.7 percent of the voting power of
all classes of our voting stock. In addition, PepsiCo owns
approximately 6.7 percent of the equity of Bottling LLC. We
fully consolidate the results of Bottling LLC and present
PepsiCo’s share as minority interest in our Consolidated
Financial Statements.
The common stock and Class B common stock both have a par
value of $0.01 per share and are substantially identical, except
for voting rights. Holders of our common stock are entitled to
one vote per share and holders of our Class B common stock
are entitled to 250 votes per share. Each share of Class B
common stock is convertible into one share of common stock.
Holders of our common stock and holders of our Class B
common stock share equally on a per-share basis in any dividend
distributions.
Our Board of Directors has the authority to provide for the
issuance of up to 20,000,000 shares of preferred stock, and
to determine the price and terms, including, but not limited to,
preferences and voting rights of those shares without
stockholder approval. At December 29, 2007, there was no
preferred stock outstanding.
Certain reclassifications were made to the prior years’
Consolidated Financial Statements to conform to the current year
presentation, including a classification correction for certain
miscellaneous costs incurred from product losses in the trade.
Approximately $90 million and $92 million of costs
incurred, which were incorrectly included in selling, delivery
and administrative expenses, were reclassified to cost of sales
in our Consolidated Statements of Operations for the years ended
2006 and 2005, respectively.
Note 1 – Basis of Presentation The Pepsi Bottling Group, Inc. is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages. We have the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of the U.S., Mexico, Canada, Spain, Russia, Greece and Turkey. When used in these Consolidated Financial Statements, “PBG,” “we,” “our,” “us” and the “Company” each refers to The Pepsi Bottling Group, Inc. and, where appropriate, to Bottling Group, LLC (“Bottling LLC”), our principal operating subsidiary. At December 29, 2007, PepsiCo, Inc. (“PepsiCo”) owned 79,011,358 shares of our common stock, consisting of 78,911,358 shares of common stock and all 100,000 authorized shares of Class B common stock. At December 29, 2007, PepsiCo owned approximately 35.2 percent of our outstanding common stock and 100 percent of our outstanding Class B common stock, together representing 41.7 percent of the voting power of all classes of our voting stock. In addition, PepsiCo owns approximately 6.7 percent of the equity of Bottling LLC. We fully consolidate the results of Bottling LLC and present PepsiCo’s share as minority interest in our Consolidated Financial Statements. The common stock and Class B common stock both have a par value of $0.01 per share and are substantially identical, except for voting rights. Holders of our common stock are entitled to one vote per share and holders of our Class B common stock are entitled to 250 votes per share. Each share of Class B common stock is convertible into one share of common stock. Holders of our common stock and holders of our Class B common stock share equally on a per-share basis in any dividend distributions. Our Board of Directors has the authority to provide for the issuance of up to 20,000,000 shares of preferred stock, and to determine the price and terms, including, but not limited to, preferences and voting rights of those shares without stockholder approval. At December 29, 2007, there was no preferred stock outstanding. Certain reclassifications were made to the prior years’ Consolidated Financial Statements to conform to the current year presentation, including a classification correction for certain miscellaneous costs incurred from product losses in the trade. Approximately $90 million and $92 million of costs incurred, which were incorrectly included in selling, delivery and administrative expenses, were reclassified to cost of sales in our Consolidated Statements of Operations for the years ended 2006 and 2005, respectively. | EXCERPTS ON THIS PAGE:
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