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PBG » Topics » Cautionary Statements

This excerpt taken from the PBG 8-K filed Sep 16, 2009.
Cautionary Statements
 
Except for the historical information and discussions contained herein, statements contained in this annual report on Form 10-K and in the annual report to the shareholders may constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and our operating plans. These statements involve a number of risks, uncertainties and other factors that could cause actual results to be materially different. Among the events and uncertainties that could adversely affect future periods are:
 
•  changes in our relationship with PepsiCo;
•  PepsiCo’s ability to affect matters concerning us through its equity ownership of PBG, representation on our Board and approval rights under our Master Bottling Agreement;
•  material changes in expected levels of bottler incentive payments from PepsiCo;
•  restrictions imposed by PepsiCo on our raw material suppliers that could increase our costs;
•  material changes from expectations in the cost or availability of ingredients, packaging materials, other raw materials or energy;
•  limitations on the availability of water or obtaining water rights;
•  an inability to achieve strategic business plan targets that could result in a non-cash intangible asset impairment charge;
•  an inability to achieve cost savings;
•  material changes in capital investment for infrastructure and an inability to achieve the expected timing for returns on cold-drink equipment and related infrastructure expenditures;
•  decreased demand for our product resulting from changes in consumers’ preferences;
•  an inability to achieve volume growth through product and packaging initiatives;
•  impact of competitive activities on our business;
•  impact of customer consolidations on our business;
•  unfavorable weather conditions in our markets;
•  an inability to successfully integrate acquired businesses or to meet projections for performance in newly acquired territories;

16

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PART II (continued)    
     

•  loss of business from a significant customer;
•  loss of key members of management;
•  failure or inability to comply with laws and regulations;
•  litigation, other claims and negative publicity relating to alleged unhealthy properties or environmental impact of our products;
•  changes in laws and regulations governing the manufacture and sale of food and beverages, the environment, transportation, employee safety, labor and government contracts;
•  changes in accounting standards and taxation requirements (including unfavorable outcomes from audits performed by various tax authorities);
•  an increase in costs of pension, medical and other employee benefit costs;
•  unfavorable market performance of assets in our pension plans or material changes in key assumptions used to calculate the liability of our pension plans, such as discount rate;
•  unforeseen social, economic and political changes;
•  possible recalls of our products;
•  interruptions of operations due to labor disagreements;
•  limitations on our ability to invest in our business as a result of our repayment obligations under our existing indebtedness;
•  changes in our debt ratings, an increase in financing costs or limitations on our ability to obtain credit; and
•  material changes in expected interest and currency exchange rates.
 

17

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These excerpts taken from the PBG 10-K filed Feb 20, 2009.
Cautionary Statements
 
Except for the historical information and discussions contained herein, statements contained in this annual report on Form 10-K and in the annual report to the shareholders may constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and our operating plans. These statements involve a number of risks, uncertainties and other factors that could cause actual results to be materially different. Among the events and uncertainties that could adversely affect future periods are:
 
•  changes in our relationship with PepsiCo;
•  PepsiCo’s ability to affect matters concerning us through its equity ownership of PBG, representation on our Board and approval rights under our Master Bottling Agreement;
•  material changes in expected levels of bottler incentive payments from PepsiCo;
•  restrictions imposed by PepsiCo on our raw material suppliers that could increase our costs;
•  material changes from expectations in the cost or availability of ingredients, packaging materials, other raw materials or energy;
•  limitations on the availability of water or obtaining water rights;
•  an inability to achieve strategic business plan targets that could result in a non-cash intangible asset impairment charge;
•  an inability to achieve cost savings;
•  material changes in capital investment for infrastructure and an inability to achieve the expected timing for returns on cold-drink equipment and related infrastructure expenditures;
•  decreased demand for our product resulting from changes in consumers’ preferences;
•  an inability to achieve volume growth through product and packaging initiatives;
•  impact of competitive activities on our business;
•  impact of customer consolidations on our business;
•  unfavorable weather conditions in our markets;

29

Table of Contents

     
PART II (continued)    
     

•  an inability to successfully integrate acquired businesses or to meet projections for performance in newly acquired territories;
•  loss of business from a significant customer;
•  loss of key members of management;
•  failure or inability to comply with laws and regulations;
•  litigation, other claims and negative publicity relating to alleged unhealthy properties or environmental impact of our products;
•  changes in laws and regulations governing the manufacture and sale of food and beverages, the environment, transportation, employee safety, labor and government contracts;
•  changes in accounting standards and taxation requirements (including unfavorable outcomes from audits performed by various tax authorities);
•  an increase in costs of pension, medical and other employee benefit costs;
•  unfavorable market performance of assets in our pension plans or material changes in key assumptions used to calculate the liability of our pension plans, such as discount rate;
•  unforeseen social, economic and political changes;
•  possible recalls of our products;
•  interruptions of operations due to labor disagreements;
•  limitations on our ability to invest in our business as a result of our repayment obligations under our existing indebtedness;
•  changes in our debt ratings, an increase in financing costs or limitations on our ability to obtain credit; and
•  material changes in expected interest and currency exchange rates.
 

30

Table of Contents

 
Cautionary
Statements


 



Except for the historical information and discussions contained
herein, statements contained in this annual report on
Form 10-K
and in the annual report to the shareholders may constitute
forward-looking statements as defined by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
are based on currently available competitive, financial and
economic data and our operating plans. These statements involve
a number of risks, uncertainties and other factors that could
cause actual results to be materially different. Among the
events and uncertainties that could adversely affect future
periods are:


 



































































































































• 
 changes in our relationship with PepsiCo;
• 
 PepsiCo’s ability to affect matters concerning us through
its equity ownership of PBG, representation on our Board and
approval rights under our Master Bottling Agreement;
• 
 material changes in expected levels of bottler incentive
payments from PepsiCo;
• 
 restrictions imposed by PepsiCo on our raw material suppliers
that could increase our costs;
• 
 material changes from expectations in the cost or availability
of ingredients, packaging materials, other raw materials or
energy;
• 
 limitations on the availability of water or obtaining water
rights;
• 
 an inability to achieve strategic business plan targets that
could result in a non-cash intangible asset impairment charge;
• 
 an inability to achieve cost savings;
• 
 material changes in capital investment for infrastructure and an
inability to achieve the expected timing for returns on
cold-drink equipment and related infrastructure expenditures;
• 
 decreased demand for our product resulting from changes in
consumers’ preferences;
• 
 an inability to achieve volume growth through product and
packaging initiatives;
• 
 impact of competitive activities on our business;
• 
 impact of customer consolidations on our business;
• 
 unfavorable weather conditions in our markets;




29








Table of Contents
























     

PART
II
(continued)


 

 

 

 

 



















































































































































• 
 an inability to successfully integrate acquired businesses or to
meet projections for performance in newly acquired territories;
• 
 loss of business from a significant customer;
• 
 loss of key members of management;
• 
 failure or inability to comply with laws and regulations;
• 
 litigation, other claims and negative publicity relating to
alleged unhealthy properties or environmental impact of our
products;
• 
 changes in laws and regulations governing the manufacture and
sale of food and beverages, the environment, transportation,
employee safety, labor and government contracts;
• 
 changes in accounting standards and taxation requirements
(including unfavorable outcomes from audits performed by various
tax authorities);
• 
 an increase in costs of pension, medical and other employee
benefit costs;
• 
 unfavorable market performance of assets in our pension plans or
material changes in key assumptions used to calculate the
liability of our pension plans, such as discount rate;
• 
 unforeseen social, economic and political changes;
• 
 possible recalls of our products;
• 
 interruptions of operations due to labor disagreements;
• 
 limitations on our ability to invest in our business as a result
of our repayment obligations under our existing indebtedness;
• 
 changes in our debt ratings, an increase in financing costs or
limitations on our ability to obtain credit; and
• 
 material changes in expected interest and currency exchange
rates.


 




30








Table of Contents













 




EXCERPTS ON THIS PAGE:

8-K
Sep 16, 2009
10-K (2 sections)
Feb 20, 2009

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