Safeway 2013 Annual Report Download - page 48
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Table of Contents
52 Weeks
2012
52 Weeks
2011
Net income before allocation to noncontrolling interest $598.1 $518.2
Income from discontinued operations, net of tax (303.5)(151.0)
Income from continuing operations, net of tax 294.6 367.2
Reconciliation to net cash flow from operating activities:
Depreciation expense 970.2 973.0
Property impairment charges 33.6 33.1
Share-based employee compensation 53.6 48.5
LIFO (income) expense 0.7 35.1
Equity in earnings of unconsolidated affiliate (17.5)(13.0)
Net pension and post-retirement benefits expense 129.0 98.9
Contributions to pension and post-retirement benefit plans (110.3)(151.2)
Gain on property dispositions and lease exit costs, net (48.3)(16.2)
Loss on extinguishment of debt — —
(Decrease) increase in accrued claims and other liabilities 53.9 21.9
Deferred income taxes (40.7)(57.0)
Other 11.5 21.4
Changes in working capital items:
Receivables (7.9)7.0
Inventories at FIFO cost (107.3)65.7
Prepaid expenses and other current assets (26.0)(14.5)
Income taxes (52.7)40.0
Payables and accruals 126.1 (183.5)
Payables related to third-party gift cards, net of receivables 26.4 293.6
Net cash flow from operating activities - continuing operations 1,288.9 1,570.0
Net cash flow from operating activities - discontinued operations 280.8 453.6
Net cash flow from operating activities 1,569.7 2,023.6
Cash paid for property additions (821.2)(992.4)
Proceeds from sale of property 263.0 164.9
Proceeds from company-owned life insurance policies — —
Business acquisitions, net of cash acquired —(35.9)
Other (56.1)(59.8)
Net cash flow used by investing activities - continuing operations (614.3)(923.2)
Net cash flow from (used by) investing activities - discontinued operations 42.3 (91.3)
Net cash flow from (used by) investing activities (572.0)(1,014.5)
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