Safeway 2001 Annual Report Download - page 24

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22
52 Weeks 52 Weeks 52 Weeks
(In millions) 2001 2000 1999
OPERATING ACTIVITIES:
Net income $ 1,253.9 $ 1,091.9 $ 970.9
Reconciliation to net cash flow from operating activities:
Depreciation and amortization 937.7 830.7 695.6
Amortization of deferred finance costs 8.0 7.0 4.8
Deferred income taxes 68.8 176.0 244.7
LIFO expense (income) 2.2 (1.1) 1.2
FBO bankruptcy charge 51.0 ––
Furr’s and Homeland bankruptcy charge 42.7 ––
GroceryWorks impairment charge 30.1 ––
Equity in earnings of unconsolidated affiliates, net (20.2) (31.2) (34.5)
Net pension income (27.3) (77.3) (35.1)
Gain on pension settlement (9.3) (15.0) –
Contributions to Canadian pension plan (3.5) (0.6) (0.9)
Increase (decrease) in accrued claims and other liabilities 18.6 (47.5) (8.4)
Gain on property retirements (34.6) (58.5) (30.6)
Changes in working capital items:
Receivables 35.9 (82.6) (31.9)
Inventories at FIFO cost (57.6) (95.9) (283.1)
Prepaid expenses and other current assets (23.5) (42.4) 23.0
Payables and accruals (41.6) 247.6 (27.3)
Net cash flow from operating activities 2,231.3 1,901.1 1,488.4
INVESTING ACTIVITIES:
Cash paid for property additions (1,793.0) (1,572.5) (1,333.6)
Proceeds from sale of property 132.9 159.1 143.5
Net cash used to acquire Genuardi’s (523.1) ––
Net cash used to acquire Randall’s ––(729.8)
Net cash used to acquire Carrs ––(94.4)
Other (59.1) (67.6) (50.0)
Net cash flow used by investing activities (2,242.3) (1,481.0) (2,064.3)
SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows