The document provides reconciliations of non-GAAP financial measures and items affecting comparability for The Pepsi Bottling Group's third quarter 2008 earnings conference call. It summarizes restructuring charges, asset disposal charges, a tax audit settlement, tax law changes, and stock-based compensation adjustments. It also provides comparable and reported figures for net revenue, operating income, earnings per share, and other metrics. Guidance is given for full-year 2008 measures on a comparable and reported basis.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
USDA Loans in California: A Comprehensive Overview.pptx
pepsi bottling library.corporate
1. THE PEPSI BOTTLING GROUP, INC.
THIRD QUARTER 2008 EARNINGS CONFERENCE CALL
RECONCILIATION OF NON-GAAP MEASURES
September 30, 2008
The Company prepares its consolidated financial statements in conformity with accounting
principles generally accepted in the United States of America (U.S. GAAP). In an effort to provide
investors with additional information regarding the Company’s results and to provide a meaningful
year-over-year comparison of the Company’s financial performance, the Company sometimes uses
non-GAAP financial measures as defined by the Securities and Exchange Commission. The
differences between the U.S. GAAP and non-GAAP financial measures are reconciled in this
attachment. In presenting comparable results, the Company discloses non-GAAP financial measures
when it believes such measures will be useful to investors in evaluating the Company’s underlying
business performance. Management uses the non-GAAP financial measures to evaluate the
Company’s financial performance against internal budgets and targets (including under the
Company’s incentive compensation plans). In addition, management internally reviews the results
of the Company excluding the impact of certain items as it believes that these non-GAAP financial
measures are useful for evaluating the Company’s core operating results and facilitating comparison
across reporting periods. Importantly, the Company believes non-GAAP financial measures should
be considered in addition to, and not in lieu of, U.S. GAAP financial measures. The Company’s
non-GAAP financial measures may be different from non-GAAP financial measures used by other
companies.
Items Affecting Comparability
Restructuring Charges
In the third and fourth quarters of 2007, PBG announced realignments in the Company’s
organization. Since the inception of the program and through June 14, 2008, the Company incurred a
pre-tax charge of approximately $33 million. Of this amount, we recorded $3 million in the first half
of 2008, primarily relating to relocation expenses in our U.S. & Canada segment. During the third
quarter of 2007, we recorded Restructuring Charges of $20 million or $0.06 per diluted share, of
which $12 million was recorded in the U.S. & Canada segment and the remaining $8 million was
recorded in the Europe segment.
Asset Disposal Charge
During the fourth quarter of 2007, PBG adopted a Full Service Vending (FSV) Rationalization plan
to dispose of older underperforming assets and to redeploy assets to higher return accounts. Over the
course of the FSV Rationalization plan, we incurred a pre-tax charge of approximately $25 million,
the majority of which was non-cash, including costs associated with the removal of these assets from
service, disposal costs and redeployment expenses. Of this amount we incurred a pre-tax charge of
$2 million in the first half of 2008 associated with the FSV Rationalization plan.
Tax Audit Settlement
During the third quarter of 2007, PBG recorded a net non-cash benefit of $46 million or $0.20 per diluted
share to income tax expense related to the reversal of reserves for uncertain tax benefits resulting from the
expiration of the statute of limitations on the IRS audit of our U.S. 2001 and 2002 tax returns.
2. Tax Law Changes
During the fourth quarter of 2007, tax law changes were enacted in Mexico and tax rate changes
were enacted in Canada, resulting in a net increase in net income of approximately $10 million.
Stock-Based Compensation
Effective January 1, 2006, The Company adopted SFAS No. 123 (revised), “Share-Based Payment”
(“SFAS 123R”). Among its provisions, SFAS 123R requires the Company to recognize
compensation expense for equity awards over the vesting period based on the award’s grant-date fair
value. For the year ended December 29, 2007, SFAS 123R reduced our operating income by $46
million in the U.S. and by $14 million outside the U.S. These amounts were excluded from 2007
results for comparability to 2004 results.
2008 Third Quarter Results
Impact of
Foreign
Q3 2008 Currency Q3 2008
Comparable Translation As Reported
Net Revenue per case – Worldwide 6% 3 9%
Net Revenue per case – Europe 9% 11 20%
Gross Margin per case – Worldwide 4% 3 7%
Europe
Operating
Income Growth
Rate
Comparable Growth 4%
Restructuring Charges 7
12%(a)
Reported Growth
(a)
Does not add due to rounding to the nearest whole percent.
Diluted Earnings
Per Share
Growth Rate
Comparable Growth 8%
Restructuring Charges 6
(19)
Tax Audit Settlement
Reported Growth (5%)
3. 2008 Third Quarter Year-To-Date Results
Europe
Operating
Income Growth
Rate
Comparable Growth 28%
Restructuring Charges 11
39%
Reported Growth
2008 Full-Year Guidance
Full-Year Impact of Full-Year
2008 Foreign 2008
Growth Rate - Currency Growth Rate
Comparable Translation – As Reported
Cost of sales per case - Worldwide 6% 2 8%
Full-Year 2008
Full-Year 2007 Growth Rate
Comparable Operating Income $1,124 Low single digits
Restructuring Charges (30) 3%
Asset Disposal Charge (23) 2%
Mid to high
Reported Operating Income $1,071 single digits
Full-Year 2008
Full-Year 2008 Full-Year 2007 Growth Rate
Comparable Diluted
Earnings Per Share $2.32 to $2.38 $2.20 5% to 8%
Tax Settlement 0.20
Tax Law Changes 0.04
(0.01)(a)
Restructuring Charges (0.09)
(0.00)(a)
Asset Disposal Charge (0.06)
Reported Diluted
Earnings Per Share $2.31 to $2.37 $2.29 1% to 3%
(a)
Restructuring Charges line item rounded up to the nearest whole percent as the total of Restructuring and Asset
Disposal charges equates to $(0.01) diluted earnings per share impact.
4. 2007 to 2005 International Contribution to Operating Income Growth
International Contribution to
Operating Income Growth from
2007 to 2005
Comparable International Contribution of Growth (a) 60%
Stock-based Compensation 22
Restructuring Charges 20
Reported International Contribution of Growth 102%
(a)
Comparable contribution of growth from our international territories includes the impact of our Russian joint venture,
PR Beverages Limited, which was formed on March 1, 2007.
Operating Free Cash Flow
The Company defines Operating Free Cash Flow (OFCF) as Cash Provided by Operations, less
capital expenditures, plus excess tax benefits from the exercise of stock options.
The Company uses OFCF to evaluate the performance of its business and management considers
OFCF an important indicator of the Company’s liquidity, including its ability to satisfy debt
obligations, fund future acquisitions, pay dividends to common shareholders and repurchase
Company stock.
OFCF is a non-GAAP financial measure and should be considered in addition to, not as a substitute
for Cash Provided by Operations as well as other measures of financial performance and liquidity
reported in accordance with U.S. GAAP. The Company’s OFCF may not be comparable to
similarly titled measures reported by other companies.
2008 Full-Year OFCF Guidance
PBG expects its full-year 2008 OFCF to be about $620 million. The Company anticipates capital
expenditures to be in the range of $750 to $775 million and Cash Provided by Operations plus the
excess tax benefits from the exercise of stock options to be over $1.3 billion.