Safeway 2004 Annual Report Download - page 35

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SAFEWAY INC. 2004 ANNUAL REPORT 33
52 Weeks 53 Weeks 52 Weeks
(In millions) 2004 2003 2002
Financing Activities:
Additions to short-term borrowings $ 11.2 $ 2.6 $ 1.4
Payments on short-term borrowings (1.5) (3.1) (3.5)
Additions to long-term borrowings 1,173.5 1,592.0 2,919.3
Payments on long-term borrowings (2,278.6) (2,331.0) (2,063.2)
Purchase of treasury stock (0.4) –(1,502.6)
Net proceeds from exercise of stock options 24.8 19.1 31.5
Other (6.6) (3.6) (14.2)
Net cash flow used by financing activities (1,077.6) (724.0) (631.3)
Effect of changes in exchange rates on cash 13.5 8.2 (0.2)
Increase in cash and equivalents 92.0 98.8 7.5
Cash and Equivalents:
Beginning of year 174.8 76.0 68.5
End of year $ 266.8 $ 174.8 $ 76.0
Other Cash Information:
Cash payments during the year for:
Interest $ 434.8 $ 464.2 $ 440.6
Income taxes, net of refunds 43.8 361.6 686.2
Noncash Investing and Financing Activities:
Tax benefit from stock options exercised $ 17.4 $ 13.6 $ 29.2
Capital lease obligations entered into 35.9 113.2 174.9
Mortgage notes assumed in property additions 5.5 – 5.9
See accompanying notes to consolidated financial statements.
Consolidated Statements of Cash Flows
SAFEWAY INC. AND SUBSIDIARIES