Starbucks 2003 Annual Report Download - page 13

24฀ Fiscal฀2003฀Annual฀Report
Fiscal฀2003฀Annual฀Report฀ 25
CONSOLIDATED฀STATEMENTS฀OF฀CASH฀FLOWS
In฀thousands
Fiscal฀year฀ended ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ Sept฀28,฀2003฀฀฀฀฀฀ Sept฀29,฀2002฀฀฀฀฀฀฀฀ Sept฀30,฀2001
OPERATING฀ACTIVITIES:฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀
Net฀earning ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $ ฀฀฀฀ 268,346฀฀฀฀฀฀ ฀$ ฀฀฀฀212,686฀฀฀฀฀฀฀ $ ฀฀฀฀ 180,335
Adjustments฀to฀reconcile฀net฀earnings฀to฀net฀cash฀provided฀by฀operating฀activities: ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀
฀ Depreciation฀and฀amortization ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀259,271฀฀฀฀฀฀฀฀฀ ฀฀฀฀221,141฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 177,087
฀ Gain฀on฀sale฀of฀investment฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀–฀ ฀ ฀฀฀฀฀฀฀฀฀ ฀฀฀ (13,361)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ –฀ ฀
฀ Internet-related฀investment฀losses ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ –฀ ฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀–฀ ฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 2,940
฀ Provision฀for฀impairments฀and฀asset฀disposals ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀ 7,784฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀26,852฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀11,044
฀ Deferred฀income฀taxes,฀net ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀ (5,932)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (6,088)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (6,068)
฀ Equity฀in฀income฀of฀investees฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀ (22,813)฀฀฀฀฀฀฀฀฀฀฀฀฀ (19,584)฀฀฀฀฀฀฀฀฀฀฀฀฀ (14,838)
฀ Tax฀benefit฀from฀exercise฀of฀non-qualified฀stock฀options ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀36,590฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀44,199฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀30,899
฀ Net฀accretion฀of฀discount฀and฀amortization฀of฀premium฀on฀marketable฀securities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀ 5,996฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀–฀ ฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ –฀ ฀
฀ Cash฀provided/(used)฀by฀changes฀in฀operating฀assets฀and฀liabilities:
฀ ฀ Inventories ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀(64,768฀)฀฀฀฀฀฀฀฀ ฀฀฀฀ (41,379฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀(19,704฀)
฀ ฀ Prepaid฀expenses฀and฀other฀current฀assets ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀(12,861฀)฀฀฀฀฀฀฀฀฀฀฀฀฀ (12,460฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀(10,919฀)
฀ ฀ Accounts฀payable ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ ฀฀฀฀฀฀24,990฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 5,463฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀54,117
฀ ฀ Accrued฀compensation฀and฀related฀costs ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀42,132฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀24,087฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀12,098
฀ ฀ Accrued฀occupancy฀costs฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀ 4,293฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀15,343฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,797
฀ ฀ Deferred฀revenue ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀30,732฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀15,321฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀19,594
฀ ฀ Other฀operating฀assets฀and฀liabilities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀ (7,313฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀5,465฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀12,923
Net฀cash฀provided฀by฀operating฀activities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀566,447฀฀฀฀฀฀฀฀฀ ฀฀฀฀477,685฀฀฀฀฀฀฀฀฀฀฀฀฀฀456,305
INVESTING฀ACTIVITIES:
฀ Purchase฀of฀available-for-sale฀securities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀(323,331฀)฀฀฀฀฀฀฀฀ ฀฀฀(339,968฀)฀฀฀฀฀฀฀฀฀฀฀฀(184,187฀)
฀ Maturity฀of฀available-for-sale฀securities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀180,687฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀78,349฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀93,500
฀ Sale฀of฀available-for-sale฀securities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀88,889฀฀฀฀฀฀฀฀฀ ฀฀฀฀144,760฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀46,931
฀ Purchase฀of฀Seattle฀Coffee฀Company,฀net฀of฀cash฀acquired ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀(69,928฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀–฀ ฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ –฀ ฀
฀ Net฀additions฀to฀equity,฀other฀investments฀and฀other฀assets฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀(47,259฀)฀฀฀฀฀฀฀฀ ฀฀฀฀ (15,841฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀(17,424฀)
฀ Distributions฀from฀equity฀investees ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀28,966฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀22,834฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀16,863
฀ Net฀additions฀to฀property,฀plant฀and฀equipment ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀(357,282฀)฀฀฀฀฀฀฀฀ ฀฀฀(375,474฀)฀฀฀฀฀฀฀฀฀฀฀฀(384,215฀)
Net฀cash฀used฀by฀investing฀activities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀(499,258฀)฀฀฀฀฀฀฀฀ ฀฀฀(485,340฀)฀฀฀฀฀฀฀฀฀฀฀฀(428,532฀)
FINANCING฀ACTIVITIES:฀
฀ Proceeds฀from฀issuance฀of฀common฀stock฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀107,183฀฀฀฀฀฀฀฀฀ ฀฀฀฀107,467฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀59,639
฀ Principal฀payments฀on฀long-term฀debt ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀ (710฀)฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀(697฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (685฀)
฀ Repurchase฀of฀common฀stock฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀(75,710฀)฀฀฀฀฀฀฀฀ ฀฀฀฀ (52,248฀)฀฀฀฀฀฀฀฀฀฀฀฀฀฀(49,788฀)
Net฀cash฀provided฀by฀financing฀activities ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀30,763฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀54,522฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 9,166
Effect฀of฀exchange฀rate฀changes฀on฀cash฀and฀cash฀equivalents฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀ 3,278฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,560฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (174฀)
Net฀increase฀in฀cash฀and฀cash฀equivalents ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀101,230฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀48,427฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀36,765
CASH฀AND฀CASH฀EQUIVALENTS:฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀
Beginning฀of฀period ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀99,677฀฀฀฀฀฀฀฀฀ ฀฀฀฀฀฀51,250฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀14,485
End฀of฀the฀period฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $ ฀฀฀฀200,907฀฀฀฀฀฀ ฀$ ฀฀฀฀฀฀99,677฀฀฀฀฀฀฀ $ ฀฀฀฀฀฀51,250
SUPPLEMENTAL฀DISCLOSURE฀OF฀CASH฀FLOW฀INFORMATION:
Cash฀paid฀during฀the฀year฀for:
฀ Interest ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $ ฀฀฀฀฀฀฀฀฀฀ 265฀฀฀฀฀฀฀ $ ฀฀฀฀฀฀฀฀฀฀ 303฀฀฀฀฀฀฀ $ ฀฀฀฀฀฀฀฀฀฀ 432
฀ Income฀taxes ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $ ฀฀฀฀140,107฀฀฀฀฀฀฀ $ ฀฀฀฀105,339฀฀฀฀฀฀฀ $ ฀฀฀฀฀฀47,690
See฀Notes฀to฀Consolidated฀Financial฀Statements.