Safeway 2000 Annual Report Download - page 28

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OPERATING ACTIVITIES:
Net income $ 1,091.9 $ 970.9 $ 806.7
Reconciliation to net cash flow from operating activities:
Depreciation and amortization 830.7 695.6 531.4
Amortization of deferred finance costs 7.0 4.8 1.6
Deferred income taxes 176.0 244.7 59.4
LIFO (income) expense (1.1) 1.2 7.1
Equity in earnings of unconsolidated affiliate (31.2) (34.5) (28.5)
Net pension income (77.3) (35.1) (18.3)
Gain on pension settlement (15.0) ––
Contributions to Canadian pension plan (0.6) (0.9) (6.8)
Decrease in accrued claims and other liabilities (47.5) (8.4) (17.5)
(Gain) loss on property retirements (58.5) (30.6) 13.3
Changes in working capital items:
Receivables (82.6) (31.9) (5.5)
Inventories at FIFO cost (95.9) (283.1) (48.0)
Prepaid expenses and other current assets (42.4) 23.0 (36.9)
Payables and accruals 247.6 (27.3) (5.3)
Net cash flow from operating activities 1,901.1 1,488.4 1,252.7
INVESTING ACTIVITIES:
Cash paid for property additions (1,572.5) (1,333.6) (1,075.2)
Proceeds from sale of property 159.1 143.5 47.6
Net cash used to acquire Randall’s–(729.8) –
Net cash used to acquire Carrs –(94.4) –
Net cash used to acquire Dominick’s––(1,144.9)
Other (67.6) (50.0) (13.9)
Net cash flow used by investing activities (1,481.0) (2,064.3) (2,186.4)
Safeway Inc. and Subsidiaries
26
CONSOLIDATED STATEMENTS OF CASH FLOWS
52 Weeks 52 Weeks 52 Weeks
(In millions) 2000 1999 1998