百事公司Pepsico, Inc. (PEP) 2005年年度报告「NYSE」.pdf

1、coverL01OBCv3.qxd 3/6/06 9:17 PM Page 120052004%Chg(a)Summary of OperationsTotal net revenue$32,562$29,26111Division operating profit$6,710$6,09810Total operating profit$5,922$5,25913Net income(b)$4,536$4,00413Earnings per share(b)$2.66$2.3215Other DataManagement operating cash flow(c)$4,204$3,70513

2、Net cash provided by operating activities$5,852$5,05416Capital spending$1,736$1,38725Common share repurchases$3,012$3,028(0.5)Dividends paid$1,642$1,32924Long-term debt$2,313$2,397(3.5)(a)Percentage changes above and in text are based on unrounded amounts.(b)In 2005,excludes the impact of AJCA tax c

3、harge,the 53rd week and restructuring charges.In 2004,excludes certain prior year tax benefits,and restructuring and impairment charges.See page 76 for reconciliation to net income and earnings per share on a GAAP basis.(c)Includes the impact of net capital spending.Also,see“Our Liquidity,Capital Re

4、sourcesand Financial Position”in Managements Discussion and Analysis.ContentsPepsiCo at a Glance .1Letter to Shareholders .2Growth .6Health&Wellness.8Innovation.10Execution .12International .14Sustainability .16Corporate Officers and Principal Divisions.20PepsiCo Board of Directors.21Advisory Boards

5、African American Advisory Board.22Latino/Hispanic Advisory Board .23Blue Ribbon Health andWellness Advisory Board .24Financial ReviewManagements Discussion and Analysis and Consolidated Financial Statements .25Our Business .26Our Critical Accounting Policies .34Our Financial Results .40Consolidated

6、Statement of Income .50Consolidated Statement of Cash Flows .51Consolidated Balance Sheet .52Consolidated Statement of Common Shareholders Equity .53Notes to Consolidated Financial Statements .54Managements Responsibility for Financial Reporting.72Managements Report on Internal Control over Financia