Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.
How did these 7 US Big Foods and Beverages Corps do on the earnings front in 2012? Not too well.
The Total Non-GAAP Adjusted After-tax Net Income of these 7 US Big Foods and Beverages Corps was $23.7 bil in annual 2012, down 4% from annual 2011.
The Foods Corps especially had weak earnings years in 2012.
Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 7 US Big Foods and Beverages Corps:
| Non-GAAP | Non-GAAP | ||||
| Annual | Annual | Adjusted | Adjusted | ||
| 2012 | 2011 | Net | Net | ||
| Non-GAAP | Non-GAAP | Income | Income | ||
| Adjusted | Adjusted | Increase | Increase | ||
| Net | Net | (Decrease) | (Decrease) | ||
| Company | FYE | Income | Income | Amount | % |
| mils of $s | mils of $s | mils of $s | |||
| Foods and Beverages | |||||
| Beverages | |||||
| Coca Cola | Dec | 9,217 | 8,944 | 273 | 3.1% |
| Foods and Beverages | |||||
| Pepsico | Dec | 6,454 | 7,035 | (581) | -8.3% |
| Foods | |||||
| Mondelez International | Dec | 2,487 | 2,445 | 42 | 1.7% |
| General Mills | May | 1,707 | 1,649 | 58 | 3.5% |
| Archer Daniels Midland | Jun | 1,499 | 2,256 | (757) | -33.6% |
| Kellogg | Dec | 1,213 | 1,230 | (17) | -1.4% |
| HJ Heinz | Apr | 1,086 | 990 | 96 | 9.7% |
| Total all 5 Foods | 7,992 | 8,570 | (578) | -6.7% | |
| Total all 7 Foods and Beverages | 23,663 | 24,549 | (886) | -3.6% |
