Safeway 2002 Annual Report Download - page 31

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SAFEWAY INC. 2002 ANNUAL REPORT 29
CONSOLIDATED STATEMENTS OF CASH FLOWS
SAFEWAY INC. AND SUBSIDIARIES
52 Weeks 52 Weeks 52 Weeks
(In millions) 2002 2001 2000
FINANCING ACTIVITIES:
Additions to short-term borrowings $ 1.4 $ 34.6 $ 100.0
Payments on short-term borrowings (0.9) (121.3) (154.5)
Additions to long-term borrowings 2,919.3 3,475.9 686.1
Payments on long-term borrowings (2,034.1) (2,638.7) (1,111.7)
Purchase of treasury stock (1,502.6) (767.9) –
Net proceeds from exercise of stock options 31.5 51.5 80.1
Other (12.3) (22.0) (1.1)
Net cash flow (used by) from financing activities (597.7) 12.1 (401.1)
Effect of changes in exchange rates on cash (0.2) (0.4) (0.2)
DISCONTINUED OPERATIONS:
Net cash used in discontinued operations (19.1) (45.5) (177.5)
Increase (decrease) in cash and equivalents 8.0 (15.4) (6.3)
CASH AND EQUIVALENTS:
Beginning of year 65.7 81.1 87.4
End of year $ 73.7 $ 65.7 $ 81.1
OTHER CASH FLOW INFORMATION:
Cash payments during the year for:
Interest $ 440.6 $ 456.2 $ 469.5
Income taxes, net of refunds 680.6 728.6 414.4
NONCASH INVESTING AND FINANCING ACTIVITIES:
Tax benefit from stock options exercised 29.2 34.8 148.9
Capital lease obligations entered into 163.0 73.7 53.3
Mortgage notes assumed in property additions 5.9 4.8 19.5
See accompanying notes to consolidated financial statements.