|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the PBG 8-K filed Sep 16, 2009. Operating
income – Decrease of 39 percent versus
the prior year was driven primarily by the impairment,
restructuring and asset disposal charges taken in the current
and prior year, which together contributed 41 percentage
points to the operating income decline for the year. The
remaining two percentage points of growth in operating income
were driven by increases in Europe and the U.S. &
Canada. During 2008, we captured over $170 million of
productivity gains reflecting an increased focus on cost
containment across all of our businesses. Savings include
productivity from manufacturing and logistics coupled with
reduced headcount and decreased discretionary spending.
Operating income growth includes one percentage point of growth
from foreign currency translation.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Operating
income – Decrease of 39 percent versus
the prior year was driven primarily by the impairment,
restructuring and asset disposal charges taken in the current
and prior year, which together contributed 41 percentage
points to the operating income decline for the year. The
remaining two percentage points of growth in operating income
were driven by increases in Europe and the U.S. &
Canada. During 2008, we captured over $170 million of
productivity gains reflecting an increased focus on cost
containment across all of our businesses. Savings include
productivity from manufacturing and logistics coupled with
reduced headcount and decreased discretionary spending.
Operating income growth includes one percentage point of growth
from foreign currency translation.
Operating income – Decrease of 39 percent versus the prior year was driven primarily by the impairment, restructuring and asset disposal charges taken in the current and prior year, which together contributed 41 percentage points to the operating income decline for the year. The remaining two percentage points of growth in operating income were driven by increases in Europe and the U.S. & Canada. During 2008, we captured over $170 million of productivity gains reflecting an increased focus on cost containment across all of our businesses. Savings include productivity from manufacturing and logistics coupled with reduced headcount and decreased discretionary spending. Operating income growth includes one percentage point of growth from foreign currency translation. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Operating
Income
2007
vs. 2006
Worldwide operating income was $1.1 billion in 2007, a
five-percent increase over the prior year. The increase was
driven by strong results in the U.S. & Canada and
Europe segments and partially offset by a decline in our Mexico
segment. This increase was partially offset by a two-percentage
point impact from the restructuring charges and FSV
Rationalization plan, net of the impact from the accounting for
the consolidation of PR Beverages.
In our U.S. & Canada segment, two-percent growth in
operating income was a result of strong gross profit
improvement, coupled with cost productivity improvements. These
improvements were partially offset by both a five-percentage
point impact from the Organizational Realignment program and the
FSV Rationalization plan as well as higher SD&A expenses.
Higher SD&A expenses were partially attributable to
strategic initiatives in connection with Hydration.
In our Europe segment, operating income increased
86 percent, reflecting the positive impact from the
consolidation of PR Beverages in our financial results, strong
increases in net price per case, cost productivity improvements
and the impact of foreign currency translation. This growth was
partially offset by costs associated with the Organizational
Realignment program.
In our Mexico segment, operating income decreased
13 percent as a result of declines in base business volume,
significant increases in sweetener costs, and higher SD&A
expenses, including a four-percentage point impact from
restructuring charges incurred in the fourth quarter.
2006
vs. 2005
Worldwide operating income was down less than one percent as a
result of the six-percentage point negative impact from the
adoption of SFAS 123R. All of our segments had strong net
gross profit.
In our U.S. & Canada segment, operating income was
down five percent as a result of the six-percentage point
negative impact from the adoption of SFAS 123R.
Additionally, the prior year combined impact from the pre-tax
gain in the U.S. from the HFCS settlement and the
additional income from the 53rd week, partially offset by
the prior year strategic spending initiatives decreased our
operating income growth in the current year by approximately two
percentage points.
Operating Income 2007 vs. 2006 Worldwide operating income was $1.1 billion in 2007, a five-percent increase over the prior year. The increase was driven by strong results in the U.S. & Canada and Europe segments and partially offset by a decline in our Mexico segment. This increase was partially offset by a two-percentage point impact from the restructuring charges and FSV Rationalization plan, net of the impact from the accounting for the consolidation of PR Beverages. In our U.S. & Canada segment, two-percent growth in operating income was a result of strong gross profit improvement, coupled with cost productivity improvements. These improvements were partially offset by both a five-percentage point impact from the Organizational Realignment program and the FSV Rationalization plan as well as higher SD&A expenses. Higher SD&A expenses were partially attributable to strategic initiatives in connection with Hydration. In our Europe segment, operating income increased 86 percent, reflecting the positive impact from the consolidation of PR Beverages in our financial results, strong increases in net price per case, cost productivity improvements and the impact of foreign currency translation. This growth was partially offset by costs associated with the Organizational Realignment program. In our Mexico segment, operating income decreased 13 percent as a result of declines in base business volume, significant increases in sweetener costs, and higher SD&A expenses, including a four-percentage point impact from restructuring charges incurred in the fourth quarter. 2006 vs. 2005 Worldwide operating income was down less than one percent as a result of the six-percentage point negative impact from the adoption of SFAS 123R. All of our segments had strong net gross profit. In our U.S. & Canada segment, operating income was down five percent as a result of the six-percentage point negative impact from the adoption of SFAS 123R. Additionally, the prior year combined impact from the pre-tax gain in the U.S. from the HFCS settlement and the additional income from the 53rd week, partially offset by the prior year strategic spending initiatives decreased our operating income growth in the current year by approximately two percentage points. | EXCERPTS ON THIS PAGE:
|
| |||||||
