Safeway 2000 Annual Report Download - page 29

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27
FINANCING ACTIVITIES:
Additions to short-term borrowings $ 100.0 $ 204.9 $ 251.7
Payments on short-term borrowings (154.7) (237.0) (299.9)
Additions to long-term borrowings 686.1 3,840.7 2,722.3
Payments on long-term borrowings (1,144.8) (2,520.0) (1,789.9)
Purchase of treasury stock –(651.0) –
Net proceeds from exercise of warrants and stock options 80.1 22.9 34.5
Other (1.1) (24.5) (15.3)
Net cash flow (used by) from financing activities (434.4) 636.0 903.4
Effect of changes in exchange rates on cash (0.2) 0.4 (1.2)
(Decrease) increase in cash and equivalents (14.5) 60.5 (31.5)
CASH AND EQUIVALENTS:
Beginning of year 106.2 45.7 77.2
End of year $ 91.7 $ 106.2 $ 45.7
OTHER CASH FLOW INFORMATION:
Cash payments during the year for:
Interest $ 469.7 $ 351.4 $ 241.0
Income taxes, net of refunds 414.4 378.2 468.7
NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for acquisition of Randall’s–546.4 –
Tax benefit from stock options exercised 148.9 77.0 85.2
Capital lease obligations entered into 53.3 24.8 34.2
Mortgage notes assumed in property additions 19.5 9.7 32.8
See accompanying notes to consolidated financial statements.
52 Weeks 52 Weeks 52 Weeks
(In millions) 2000 1999 1998
Safeway Inc. and Subsidiaries