Safeway 2011 Annual Report Download - page 58

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(In millions)
52 Weeks
2011
52 Weeks
2010
52 Weeks
2009
Financing Activities:
(Payments on) additions to short-term borrowings, net (0.8) 0.2 (1.3)
Additions to long-term borrowings 3,697.5 1,627.4 1,653.7
Payments on long-term borrowings (3,087.6) (1,712.4) (2,251.9)
Purchase of treasury stock (1,554.0) (621.1) (884.9)
Dividends paid (188.0) (168.1) (153.1)
Net proceeds from exercise of stock options 73.4 117.1 28.6
Excess tax benefit from share-based employee compensation 1.8 1.6 0.1
Income tax refund related to prior years’ debt financing –– 16.8
Payment of debt issuance costs (14.0) (6.0) (8.2)
Other (5.6) (6.8) (0.1)
Net cash flow used by financing activities (1,077.3) (768.1) (1,600.3)
Effect of changes in exchange rates on cash 18.8 24.5 28.3
(Decrease) increase in cash and equivalents (49.4) 307.3 88.7
Cash and Equivalents:
Beginning of year 778.8 471.5 382.8
End of year $ 729.4 $ 778.8 $ 471.5
Other Cash Information:
Cash payments during the year for:
Interest $ 302.6 $ 315.7 $ 335.6
Income taxes, net of refunds (excluding income tax refund related to prior
years’ debt financing) 336.2 325.6 97.7
Non-cash Investing and Financing Activities:
Capital lease obligations entered into $ 1.1 $ 0.1 $ 7.0
Purchases of property, plant and equipment included in accounts payable 198.8 130.1 116.4
Notes received in the sale of real estate 97.3 16.4 –
Mortgage notes assumed in property additions 3.7 1.9 –
See accompanying notes to consolidated financial statements.
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