Safeway 2001 Annual Report Download - page 25

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23
52 Weeks 52 Weeks 52 Weeks
(In millions) 2001 2000 1999
FINANCING ACTIVITIES:
Additions to short-term borrowings $ 34.6 $ 100.0 $ 204.9
Payments on short-term borrowings (121.5) (154.7) (237.0)
Additions to long-term borrowings 3,475.9 686.1 3,840.7
Payments on long-term borrowings (2,662.4) (1,144.8) (2,520.0)
Purchase of treasury stock (767.9) –(651.0)
Net proceeds from exercise of warrants and stock options 51.5 80.1 22.9
Other (22.0) (1.1) (24.5)
Net cash flow (used by) from financing activities (11.8) (434.4) 636.0
Effect of changes in exchange rates on cash (0.4) (0.2) 0.4
(Decrease) increase in cash and equivalents (23.2) (14.5) 60.5
CASH AND EQUIVALENTS:
Beginning of year 91.7 106.2 45.7
End of year $ 68.5 $ 91.7 $ 106.2
OTHER CASH FLOW INFORMATION:
Cash payments during the year for:
Interest $ 456.4 $ 469.7 $ 351.4
Income taxes, net of refunds 728.6 414.4 378.2
NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for acquisition of Randall’s –– 546.4
Tax benefit from stock options exercised 34.8 148.9 77.0
Capital lease obligations entered into 82.3 53.3 24.8
Mortgage notes assumed in property additions 4.8 19.5 9.7
See accompanying notes to consolidated financial statements.