Safeway 1997 Annual Report Download - page 26
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23
53 Weeks 52 Weeks 52 Weeks
(In millions) 1997 1996 1995
■■■■■■■
Cash Flow from Financing Activities
Additions to short-term borrowings $ 414.5 $ 227.2 $ 183.7
Payments on short-term borrowings (287.5) (280.4) (131.5)
Additions to long-term borrowings 4,254.3 387.1 708.1
Payments on long-term borrowings (3,553.5) (552.0) (787.6)
Purchase of treasury stock (1,376.0) ––
Purchase of unexercised warrants –(126.5) (196.2)
Net proceeds from exercise of warrants and stock options 43.9 12.6 12.8
Premiums paid on early retirement of debt (97.7) – (3.3)
Other (12.6) (5.5) (4.4)
■■■■■■
Net cash flow used by financing activities (614.6) (337.5) (218.4)
■■■■■■
Effect of changes in exchange rates on cash (1.8) (0.5) 0.5
■■■■■■
Increase (decrease) in cash and equivalents (2.5) 4.9 14.1
Cash and Equivalents
Beginning of year 79.7 74.8 60.7
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End of year $ 77.2 $ 79.7 $ 74.8
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Other Cash Flow Information
Cash payments during the year for:
Interest $ 263.6 $ 181.8 $ 203.0
Income taxes, net of refunds 214.6 156.7 213.0
Noncash Investing and Financing Activities
Stock issued for acquisition of
The Vons Companies, Inc. 1,693.0 ––
Tax benefit from stock options exercised 42.4 51.9 16.6
Mortgage notes assumed in property additions 0.9 ––
Capital lease obligations entered into 37.3 15.5 13.7
See accompanying notes to consolidated financial statements.
SAFEWAY INC. AND SUBSIDIARIES