|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the PBG 8-K filed Sep 16, 2009. Cash
Flows
2008
vs. 2007
PBG generated $1,284 million of net cash from operations, a
decrease of $153 million from 2007. The decrease in net
cash provided by operations was driven primarily by a change in
working capital due largely to timing of accounts payable
disbursements and higher payments relating to promotional
activities and pensions.
Net cash used for investments was $1,758 million, an
increase of $875 million from 2007. The increase in cash
used for investments primarily reflects $742 million of
payments associated with our investment in JSC Lebedyansky and
payments for acquisitions of Lane Affiliated Companies, Inc.,
Sobol-Aqua JSC and Pepsi-Cola Batavia Bottling Corp., partially
offset by lower capital expenditures.
Net cash provided by financing activities was $850 million,
an increase of $1,414 million as compared to a use of cash
of $564 million in 2007. This increase in cash from
financing reflects proceeds from the issuance of
$1.3 billion in senior notes to partially pre-fund the
February 2009 bond maturity of $1.3 billion. Also reflected
in financing activities was $308 million of cash received
from PepsiCo for their proportional share in the acquisition of
JSC Lebedyansky and Sobol-Aqua JSC by PR Beverages.
2007
vs. 2006
Net cash provided by operations increased by $209 million
to $1,437 million in 2007. Increases in net cash provided
by operations were driven by higher cash profits and favorable
working capital.
Net cash used for investments increased by $152 million to
$883 million, driven by higher capital spending due to
strategic investments in the U.S. and Russia, including the
building of new plants in Las Vegas and Moscow and additional
dedicated water lines in the U.S.
Net cash used for financing increased by $193 million to
$564 million, driven primarily by lower net proceeds from
long-term debt, partially offset by lower share repurchases in
2007.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Cash
Flows
2008
vs. 2007
PBG generated $1,284 million of net cash from operations, a
decrease of $153 million from 2007. The decrease in net
cash provided by operations was driven primarily by a change in
working capital due largely to timing of accounts payable
disbursements and higher payments relating to promotional
activities and pensions.
Net cash used for investments was $1,758 million, an
increase of $875 million from 2007. The increase in cash
used for investments primarily reflects $742 million of
payments associated with our investment in JSC Lebedyansky and
payments for acquisitions of Lane Affiliated Companies, Inc.,
Sobol-Aqua JSC and Pepsi-Cola Batavia Bottling Corp., partially
offset by lower capital expenditures.
Net cash provided by financing activities was $850 million,
an increase of $1,414 million as compared to a use of cash
of $564 million in 2007. This increase in cash from
financing reflects proceeds from the issuance of
$1.3 billion in senior notes to partially pre-fund the
February 2009 bond maturity of $1.3 billion. Also reflected
in financing activities was $308 million of cash received
from PepsiCo for their proportional share in the acquisition of
JSC Lebedyansky and Sobol-Aqua JSC by PR Beverages.
2007
vs. 2006
Net cash provided by operations increased by $209 million
to $1,437 million in 2007. Increases in net cash provided
by operations were driven by higher cash profits and favorable
working capital.
Net cash used for investments increased by $152 million to
$883 million, driven by higher capital spending due to
strategic investments in the U.S. and Russia, including the
building of new plants in Las Vegas and Moscow and additional
dedicated water lines in the U.S.
Net cash used for financing increased by $193 million to
$564 million, driven primarily by lower net proceeds from
long-term debt, partially offset by lower share repurchases in
2007.
Cash Flows 2008 vs. 2007 PBG generated $1,284 million of net cash from operations, a decrease of $153 million from 2007. The decrease in net cash provided by operations was driven primarily by a change in working capital due largely to timing of accounts payable disbursements and higher payments relating to promotional activities and pensions. Net cash used for investments was $1,758 million, an increase of $875 million from 2007. The increase in cash used for investments primarily reflects $742 million of payments associated with our investment in JSC Lebedyansky and payments for acquisitions of Lane Affiliated Companies, Inc., Sobol-Aqua JSC and Pepsi-Cola Batavia Bottling Corp., partially offset by lower capital expenditures. Net cash provided by financing activities was $850 million, an increase of $1,414 million as compared to a use of cash of $564 million in 2007. This increase in cash from financing reflects proceeds from the issuance of $1.3 billion in senior notes to partially pre-fund the February 2009 bond maturity of $1.3 billion. Also reflected in financing activities was $308 million of cash received from PepsiCo for their proportional share in the acquisition of JSC Lebedyansky and Sobol-Aqua JSC by PR Beverages. 2007 vs. 2006 Net cash provided by operations increased by $209 million to $1,437 million in 2007. Increases in net cash provided by operations were driven by higher cash profits and favorable working capital. Net cash used for investments increased by $152 million to $883 million, driven by higher capital spending due to strategic investments in the U.S. and Russia, including the building of new plants in Las Vegas and Moscow and additional dedicated water lines in the U.S. Net cash used for financing increased by $193 million to $564 million, driven primarily by lower net proceeds from long-term debt, partially offset by lower share repurchases in 2007. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Cash
Flows
2007
vs. 2006
Net cash provided by operations increased by $209 million
to $1,437 million in 2007. Increases in net cash provided
by operations were driven by higher cash profits and favorable
working capital.
Net cash used for investments increased by $152 million to
$883 million, driven by higher capital spending due to
strategic investments in the U.S. and Russia, including the
building of new plants in Las Vegas and Moscow and additional
dedicated water lines in the U.S.
Net cash used for financing increased by $193 million to
$564 million, driven primarily by lower net proceeds from
long-term debt partially offset by lower share repurchases in
2007.
2006
vs. 2005
Net cash provided by operations increased by $9 million to
$1,228 million in 2006. Increases in net cash provided by
operations were driven by higher cash profits, lower tax
disbursements and lower pension contributions, partially offset
by the impact of strong collections in the prior year. In 2005,
net cash provided by operations included the excess tax benefit
from the exercise of stock options. Beginning with the adoption
of SFAS 123R in 2006, the excess tax benefit from the
exercise of stock options is now required to be included in cash
flows from financing activities.
Net cash used for investments decreased by $111 million to
$731 million, principally reflecting lower acquisition
costs, partially offset by higher capital spending.
28
Table of Contents
Net cash used for financing increased by $188 million to
$371 million, driven primarily by the repayment of our
$500 million note and other long-term debt, reduction in
our short-term borrowings and higher dividend payments,
partially offset by the proceeds from the $800 million bond
issuance in March of 2006.
Cash Flows 2007 vs. 2006 Net cash provided by operations increased by $209 million to $1,437 million in 2007. Increases in net cash provided by operations were driven by higher cash profits and favorable working capital. Net cash used for investments increased by $152 million to $883 million, driven by higher capital spending due to strategic investments in the U.S. and Russia, including the building of new plants in Las Vegas and Moscow and additional dedicated water lines in the U.S. Net cash used for financing increased by $193 million to $564 million, driven primarily by lower net proceeds from long-term debt partially offset by lower share repurchases in 2007. 2006 vs. 2005 Net cash provided by operations increased by $9 million to $1,228 million in 2006. Increases in net cash provided by operations were driven by higher cash profits, lower tax disbursements and lower pension contributions, partially offset by the impact of strong collections in the prior year. In 2005, net cash provided by operations included the excess tax benefit from the exercise of stock options. Beginning with the adoption of SFAS 123R in 2006, the excess tax benefit from the exercise of stock options is now required to be included in cash flows from financing activities. Net cash used for investments decreased by $111 million to $731 million, principally reflecting lower acquisition costs, partially offset by higher capital spending. 28 Table of ContentsNet cash used for financing increased by $188 million to $371 million, driven primarily by the repayment of our $500 million note and other long-term debt, reduction in our short-term borrowings and higher dividend payments, partially offset by the proceeds from the $800 million bond issuance in March of 2006. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PBG: |
| |||||||
