Financial Highlights Overview | Financial Highlights Reported Fiscal Years 2005 2004 (dollars in millions, except per share data)         Summary of Operations Net sales $ 3,726.0   $ 3,344.7   Operating income 393.4   339.7   Net income 194.7   181.9   Net income per share - diluted 1.42   1.28   Percent of Sales Gross profit 41.9% 42.5% Selling, delivery and administrative expenses 31.8% 32.3% Operating margin 10.6% 10.2% Key Financial Components Cash and cash equivalents $ 116.0   $ 74.9     Working capital, excluding short-term debt 166.6   150.4     Total assets 4,053.8   3,529.8     Short-term debt 290.4   142.0     Long-term debt 1,285.9   1,006.6     Total shareholders' equity 1,569.3   1,623.2     * Non-GAAP Financial Measures In addition to the GAAP results provided in this Annual Report to Shareholders, we have also provided certain non-GAAP financial measurements, which include adjusted operating cash flow and adjusted return on invested capital. The impact of accounts receivable securitization was a decrease in adjusted operating cash flow off $92.3 million in 2003, and an increase of $100.0 million in 2004. There was no impact in 2005. For additional information including a reconciliation from GAAP financial measures to non-GAAP financial measures, please review the "Non-GAAP Financial Measurements" section in the Form 10-K     Annual Report Home | Return to PepsiAmericas.com Copyright © 2006. PepsiAmericas, Inc. All Rights Reserved.