H. J.

Heinz Company Statement of Cash Flows (in

thousands) for 2009

Operating activities
Net income 923,072
Depreciation and amortization 281,375
Deferred taxes 108,081
Other - 197,409

Change in current asset and liabilities

Receivables - 10,866
Inventory 50,731
Accounts payable - 62,934
Accruals 24,641
Income taxes 61,216
Other - 11,025.00
Cash provided by opearting activities 1,166,882.00

Investing activities
Purchases of plant and equipment - 292,121
Proceeds from sale of plant and equipment 5,407
Acquisitions - 293,898
Other - 180,582
Cash used for investing activities - 761,194

Financing activities
Payment of long-term debt - 427,417
Proceeds from sale of long term debt 853,051
Payment for short-term debt - 483,666
Dividends - 525,293
Purchases of stock - 181,431
Other 248,420
Cash used for financing activities - 516,336
Effect of exchange rate changes - 133,894
Net (decrease )/increase in cash - 244,542
Cash at the beginning of the year 617,687
Cash at the end of the year 373,145
 H. J. Heinz Company Statement of Income (in
thousands, except per share data)

As of the end of the fiscal year 2009 2008

Sales 10,148,082 10,070,778
Cost of products sold 6,564,447 6,390,086
Gross profit 3,583,635 3,680,692
Selling and administrative expenses 2,089,983 2,111,725
Operating income 1,493,652 1,568,967
Other income 78,033 - 27,836
Earnings before interest and taxes 1,571,685 1,541,131
Interest income 64,150 41,519
Interest expense 339,635 364,856
Taxes 373,128 372,896
Net income 923,072 844,898
Earnings per common share 2.90 2.63
Cash dividends per share 1.66 1.52
 H. J. Heinz Company Consolidated Balance Sheet (in thousands)

As of the end of the fiscal year 2009 2008

Current assets
Cash and cash equivalents 373,145 617,687
Receivables (net of allowances) 1,171,797 1,161,481
Inventories
Finished goods and work-in process 973,983 1,100,735
Raw materials and packaging 263,630 277,481
Total Inventories 1,237,613 1,378,216
Prepaid expenses 125,765 139,492
Other current assets 36,701 28,690
Total current assets 2,945,021 3,325,566

Property, plant, and equipment

Land 76,193 56,007
Buildings 775,217 842,198
Equipment 3,258,152 3,502,071
Less accumulated depreciation 2,131,260 2,295,563
Total property, plant, and equipment 1,978,302 2,104,713
Other noncurrent assets
(goodwill, trademarks, and intangibles) 4,740,861 5,134,764
Total Assets 9,664,184 10,565,043

Liabilities and Shareholders' Equity

Current liabilities
Short-term debt 61,297 124,290
Long-term debt due within a year 4,341 328,418
Accounts Payable 1,113,307 1,247,479
Accrued salaries and wages 324,599 390,895
Other accrued liabilities 485,406 487,656
Income taxes 73,896 91,322
Total current liabilities 2,062,846 2,670,060

Long-term liabilities
Long-term debt 5,076,186 4,730,946
Deferred taxes 345,749 409,186
Other long-term liabilities 959,465 867,031
Total long-term liabilities 6,381,400 6,007,163

Shareholders' equity
Preferred stock 70 72
Common stock 107,774 107,774
(431,096 shares issued, $0.25 par value)
Additional capital 737,917 617,811
Retained earnings 6,525,719 6,129,008
Less:
Treasury shares at cost 4,881,842 4,905,755
Other adjustments 1,269,700 61,090
Total shareholders' equity 1,219,938 1,887,820
Total liabilities and shareholders' equity 9,664,184 10,565,043