Safeway 2006 Annual Report Download - page 57

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows (continued)
(In millions)
52 Weeks
2006
52 Weeks
2005
52 Weeks
2004
Financing Activities:
Additions to short-term borrowings $– $ 13.0 $ 11.2
Payments on short-term borrowings –(23.8) (1.5)
Additions to long-term borrowings 1,418.9 754.5 1,173.5
Payments on long-term borrowings (1,912.0) (1,188.6) (2,278.6)
Purchase of treasury stock (318.0) ––
Dividends paid (96.0) (44.9) –
Income tax refund related to prior years’ debt financing 262.3 ––
Net proceeds from exercise of stock options 45.4 18.9 24.4
Other 3.1 4.0 (6.6)
Net cash flow used by financing activities (596.3) (466.9) (1,077.6)
Effect of changes in exchange rates on cash (0.7) 5.9 13.5
(Decrease) increase in cash and equivalents (156.7) 106.5 92.0
Cash and Equivalents:
Beginning of year 373.3 266.8 174.8
End of year $ 216.6 $ 373.3 $ 266.8
Other Cash Information:
Cash payments during the year for:
Interest $ 418.1 $ 412.1 $ 434.8
Income taxes, net of refunds 383.2 624.4 43.8
Non-cash Investing and Financing Activities:
Capital lease obligations entered into $ 5.2 $ 27.1 $ 35.9
Mortgage notes assumed in property additions –3.2 5.5
See accompanying notes to consolidated financial statements.
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