PepsiAmericas 2006 Annual Report: Financial Highlights

Financial Highlights

Managing Change, Moving Ahead. The refreshment beverage industry is a dynamic, fun and culturally relevant business. Our products are enjoyed every day... at home, at work and at play. Consumer choices are changing, however, and so are we. PepsiAmericas' ultimate success depends on our ability to embrace and manage this change, and move ahead to create long-term sustainable growth.

		Reported

Fiscal Years		2006		2005
(amounts in millions, except per share amounts)

Net sales	$	3,972.4	$	3,726.0
Operating income		356.0		393.4
Net income		158.3		194.7
Diluted earnings per share		1.22¹		1.42²

Average diluted common shares outstanding		129.8		137.2
Dividends declared per share	$	0.50	$	0.34






¹Includes special charges and an impairment charge. Impact per share is a combined decrease of $0.10. ²Includes the fructose settlement and certain tax adjustments offset by lease exit charges, loss on extinguishment of debt and special charges. Net impact per share is a combined increase of $0.05. ³Includes the gain on sale of land and certain tax adjustments offset by special charges. Net impact per share is a combined increase of $0.05. *Included in this Annual Report to Shareholders, we have also provided certain non-GAAP financial measures, which include adjusted operating cash flow, adjusted earnings per share and adjusted return on invested capital. 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.