SegmentDR PEPPER SNAPPLE GROUP, INCSegment ResultCSDsFor the
Years Ended Dec 31,20102009 #1 in its flavor category and #2
overall flavored CSD in the U.S.Net Sales Distinguished by its
unique blend of 23 flavors and loyal consumer followingBevarage
concentrates$1,15621%$1,06319% Flavors include regular, diet,
cherry and Dr Pepper TENPackaged beverages$4,09873%$4,11174% Oldest
major soft drink in the U.S., introduced in 1885Latin America
beverages$3827%$3576%$5,636100%$5,531100%yg proyeksi yang
dimulainya dr general environment yg di us yang memperoyeksikan th
2020 di proyeksi di general analysiskeadaan yang pasar seperti ini
laporan keuanganga ngitung evaDR PEPPER SNAPPLE GROUP, INCNet
Sales20102009Bevarage concentrates21%19%Packaged
beverages73%74%Latin America beverages7%6%
We have built our business over the last three decades through a
series of strategic acquisitions. In the 1980's through
themid-1990's, we began building on our then-existing Schweppes
business by adding brands such as Mott's, Canada Dry and A&Wand
a license for Sunkist soda. We also acquired the Peafiel business
in Mexico. In 1995, we acquired Dr Pepper/Seven Up, Inc.,having
previously made minority investments in the company. In 1999, we
acquired a 40% interest in Dr Pepper/Seven Up BottlingGroup, Inc.,
("DPSUBG"), which was then our largest independent bottler, and
increased our interest to 45% in 2005. In 2000,we acquired Snapple
and other brands, significantly increasing our share of the U.S.
NCB market segment. In 2003, we createdCadbury Schweppes Americas
Beverages by integrating the way we managed our four North American
businesses (Mott's, Snapple,Dr Pepper/Seven Up and Mexico). During
2006 and 2007, we acquired the remaining 55% of DPSUBG and several
smaller bottlersand integrated them into our Packaged Beverages
segment, thereby expanding our geographic coverage.We were
incorporated in Delaware on October 24, 2007. In 2008, Cadbury
Schweppes plc ("Cadbury Schweppes") separatedits beverage business
in the U.S., Canada, Mexico and the Caribbean (the "Americas
Beverages business") from its globalconfectionery business by
contributing the subsidiaries that operated its Americas Beverages
business to us.
Balance SheetDr Pepper Snapple Group Financial Position
(expressed in million Of US Dollar)
31-Dec31-Dec20132014AssetsCash And Equivalents153237Trading
Asset Securities1711TOTAL CASH AND SHORT TERM
INVESTMENTS170248Accounts Receivable564556Other
Receivables5861TOTAL RECEIVABLES622617Inventory200204Prepaid
Expenses00Deferred Tax Assets, Current6667Other Current
Assets6175TOTAL CURRENT ASSETS1,119.001,211.00Gross Property Plant
And Equipment2,452.002,542.00Accumulated
Depreciation-1,279.00-1,401.00NET PROPERTY PLANT AND
EQUIPMENT1,173.001,141.00Goodwill2,988.002,990.00Long-Term
Investments3668Deferred Tax Assets, Long Term8574Deferred Charges,
Long Term7064Other Intangibles2,694.002,684.00Other Long-Term
Assets3641TOTAL ASSETS8,201.008,273.00
LIABILITIES & EQUITYAccounts Payable271289No interest
bearingAccrued Expenses394447No interest bearingShort-Term
Borrowings650Current Portion Of Long-Term Debt/Capital
Lease13Current Portion Of Capital Lease Obligations13Current Income
Taxes Payable3310No interest bearingOther Current Liabilities,
Total201225Unearned Revenue, Current6564No interest bearingTOTAL
CURRENT LIABILITIES1,031.001,041.00Long-Term
Debt2,487.002,514.00Capital Leases5583Unearned Revenue,
Non-Current1,318.001,250.00Pension & Other Post-Retirement
Benefits2644Deferred Tax Liability Non-Current755801Other
Non-Current Liabilities253249TOTAL
LIABILITIES5,925.005,982.00Common Stock22Additional Paid In
Capital970658Retained Earnings1,393.001,771.00Comprehensive Income
And Other-88-137TOTAL COMMON EQUITY2,277.002,294.00TOTAL
EQUITY2,277.002,294.00TOTAL LIABILITIES AND
EQUITY8,202.008,276.00
Profit&Loss
Currency inAs of:31-Dec31-DecMillions of US Dollars20132014
Revenues5,997.006,121.00TOTAL REVENUES5,997.006,121.00Cost Of
Goods Sold2,499.002,491.00GROSS PROFIT3,498.003,630.00Selling
General & Admin Expenses, Total2,271.002,336.00Depreciation
& Amortization, Total115115Other Operating Expenses91OTHER
OPERATING EXPENSES, TOTAL2,395.002,452.00OPERATING
INCOME1,103.001,178.00Interest Expense-123-109Interest And
Investment Income22NET INTEREST EXPENSE-121-107Income (Loss) On
Equity Investments11Other Non-Operating Income (Expenses)4--EBT,
EXCLUDING UNUSUAL ITEMS9871,072.00Merger & Restructuring
Charges-7--Other Unusual Items, Total-4372Legal Settlements62Other
Unusual Items-443--EBT, INCLUDING UNUSUAL ITEMS5431,074.00Income
Tax Expense-81371Earnings From Continuing Operations624703NET
INCOME624703NET INCOME TO COMMON INCLUDING EXTRA ITEMS624703NET
INCOME TO COMMON EXCLUDING EXTRA ITEMS624703
EVAEXHIBIT VItemBook ValueWeighted Cost of Capital Cost of
capital after taxWACC
Short Term Debt (cost of debt)2314.30%4.22%2.76%0.119%Long Term
Debt (cost of debt)2,84652.99%4.22%2.76%1.463%Equity (cost of
equity)2,29442.71%6.02%6.02%2.569%TOTAL5,371100%4.15%*Tax34.58%
Working Capital Requirement20142013
+Inventory204200+Receivables617622+Operating Cash (assumed 30%
of Cash B/S)7146+Prepaid Expenses0.00.0-Account
Payable(289)(271)-Accrued Expenses(447)(394)-Advances from
Customers(64)(65) -Current Portion Of Long-Term Debt(3)(1)Total
89137
Excess Cash20142013
+Cash on B/S237153-Operating Cash(71)(46)166107
Total Working Capital Requirement89137Fixed
Assets1,1411,173Other Fixed Assets5,7155,718Total Invested
Capital6,9457,028
EVA CalculationItemNOPATOperating profit1,178Interest income2
income tax371 tax shield on interest (tax 25%)(38)NOPAT1,513
Capital chargesInv.capital end of year6,945Inv.capital beginning
of year7,028Inv.capital (average)6,987290
EVA1,223
Sheet9FINANCIAL PROJECTION in Beverage Industry Fiscal Year
EndEPS ForecastHigh EPSLow
EPSDec-153.924.053.85Dec-164.234.464.1Dec-174.574.914.37Dec-184.955.344.69Earnings
Per Share represents the portion of a company's profit allocated to
each outstanding share of common stock. The net income (reported or
estimated) for a period divided by the total number of shares
outstanding (TSO) during that period
Price/Earnings Ratio is a widely used stock evaluation measure.
For a security, the Price/Earnings Ratio is given by dividing the
Last Sale Price by the Average EPS (Earnings Per Share) Estimate
for the specified fiscal time period.
Over the next five years, the analysts that follow this company
are expecting it to grow earnings at an average annual rate of
7.11%. This year, analysts are forecasting earnings increase of
7.37% over last year. Analysts expect earnings growth next year of
7.87% over this year's forecasted earnings.
