百事公司Pepsico, Inc. (PEP) 2016年年度报告「NYSE」.pdf

1、Illustration by:Craig&Karl,designers of one of the first bottle labels for LIFEWTR,PepsiCos new premium water brand.See Page 9.1.Reported net revenue declined 0.4%,primarily due to foreign currency translation.Reported EPS increased 19%.Organic,core and constant currency results,free cash flow exclu

2、ding certain items,as well as ROIC and core net ROIC,are non-GAAP financial measures.Please refer to“Reconciliation of GAAP and Non-GAAP Information”beginning on page146 of this Annual Report for definitions and more information about these results,including a reconciliation to the most directly com

3、parable financial measure in accordance with GAAP.2.PepsiCo products with nutrients like grains,fruits and vegetables,or protein,plus those that are naturally nutritious like water and unsweetened tea.9%core constant currency EPS growth1$600Mcost savings since 2011 associated with environmental sust

4、ainability initiativescash returned to shareholders through dividends and share repurchases$7BDelivering Performance withPurposeOur 2016 results demonstrate our continued ability to generate attractive shareholder returns while creating value for all of our stakeholders.25%net revenue from Everyday

5、Nutrition2productsannual savings enabled by our productivity agenda$1Borganic revenue growth13.7%2016 PepsiCo Annual Report|02Letter toShareholdersFinancialHighlightsPepsiCo Board ofDirectorsPepsiCoLeadershipPepsiCo Form10-KReconciliation of GAAP and Non-GAAP InformationForward-Looking StatementsCom

6、mon Stock and Shareholder InformationCorporate Information0312131415146 147148 149Table of ContentsDear Fellow Shareholders,Im so pleased to report that 2016 marked another exceptional year for PepsiCo.Across the company,we delivered top-tier financial performance,the kind of performance thats comme