Download Annual Report PDF - Heinz

Q111 Q211 Q311 Q411 2011
Total Heinz (Continuing Operations):
Volume . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.5% 0.3% 0.5% (0.3)% 0.7%
Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1% 0.6% 1.2% 1.9% 1.2%
Acquisition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.1% 0.1% 1.2% 1.1% 0.6%
Divestiture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0% 0.0% 0.0% 0.0% 0.0%
Exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.1)% (2.3)% (1.4)% 3.3% (0.5)%
Total Change in Net Sales . . . . . . . . . . . . . . . . . . . . . . . . . 1.6% (1.2)% 1.5% 6.0% 2.0%
Total Organic Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.6% 0.9% 1.7% 1.6% 1.9%
Organic Sales
Growth +
Foreign
Exchange +
Acquisitions/
Divestitures =
Total Net
Sales Change
FY11 global ketchup . . . . . . . . . . . . . . 3.8% (1.9)% 0.0% 1.9%
Operating Free Cash Flow
Operating free cash flow is defined as cash from operations less capital expenditures net of
proceeds from disposal of PP&E.
Total Company 2006 2007 2008 2009 2010 2011
(Amounts in millions)
Cash provided by operating
activities . . . . . . . . . . . . . . . $1,075.0 $1,062.3 $1,188.3 $1,166.9 $1,262.2 $1,583.6
Capital expenditures . . . . . . . (230.6) (244.6) (301.6) (292.1) $ (277.6) $ (335.6)
Proceeds from disposals of
property, plant and
equipment. . . . . . . . . . . . . . 19.4 60.7 8.5 5.4 $ 96.5 $ 13.2
Operating Free Cash
Flow . . . . . . . . . . . . . . . . $ 863.8 $ 878.4 $ 895.2 $ 880.2 $1,081.0 $1,261.2
(Totals may not add due to rounding)
A-9