-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C18fLyhi0ConrN/F1/Byi9VUmMcXzeOcGXlLgWsaPBLcqo2nPsGJDQ8dsEyswn13 sbEnviC/Dzqmeib7uIoWIA== 0000081061-01-500021.txt : 20020410 0000081061-01-500021.hdr.sgml : 20020410 ACCESSION NUMBER: 0000081061-01-500021 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010929 FILED AS OF DATE: 20011113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIX SUPER MARKETS INC CENTRAL INDEX KEY: 0000081061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 590324412 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-00981 FILM NUMBER: 1784747 BUSINESS ADDRESS: STREET 1: PO BOX 407 CITY: LAKELAND STATE: FL ZIP: 33802 BUSINESS PHONE: 8636881188 MAIL ADDRESS: STREET 1: PO BOX 407 CITY: LAKELAND STATE: FL ZIP: 33802 10-Q 1 q32001.txt FORM 10-Q QUARTER ENDED 09/29/2001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 29, 2001 ------------------ OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from ____________ to ______________ Commission File Number 0-981 ---------------------------- PUBLIX SUPER MARKETS, INC. ---------------------------------------------------- (Exact name of Registrant as specified in its charter) Florida 59-0324412 - ------------------------------- ----------------------------------- (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1936 George Jenkins Blvd. Lakeland, Florida 33815 - ---------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (863) 688-1188 -------------- Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No _______ -------- The number of shares outstanding of the Registrant's common stock, $1.00 par value, as of October 31, 2001 was 198,297,768. Page 1 of 13 pages PART I. FINANCIAL INFORMATION Item 1. Financial Statements - ------------------------------
PUBLIX SUPER MARKETS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts are in thousands, except share amounts) ASSETS September 29, 2001 December 30, 2000 ------------------ ----------------- (Unaudited) Current Assets - -------------- Cash and cash equivalents $ 226,772 396,906 Short-term investments 12,339 21,028 Trade receivables 82,987 102,126 Merchandise inventories 799,451 814,985 Deferred tax assets 59,114 55,598 Prepaid expenses 6,220 2,274 ---------- ---------- Total Current Assets 1,186,883 1,392,917 ---------- ---------- Long-term investments 477,897 434,226 Other noncurrent assets 38,986 28,354 Property, plant and equipment 3,990,820 3,657,252 Less accumulated depreciation (1,346,325) (1,290,929) ---------- ---------- Net property, plant and equipment 2,644,495 2,366,323 ---------- --------- Total Assets $4,348,261 4,221,820 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities - ------------------- Accounts payable $ 667,691 676,924 Accrued contribution to retirement plans 192,779 250,832 Accrued salaries and wages 95,420 57,090 Accrued self-insurance reserves 98,427 84,095 Federal and state income taxes 60,558 29,668 Other 144,940 117,532 ---------- ---------- Total Current Liabilities 1,259,815 1,216,141 ---------- ---------- Deferred tax liabilities, net 157,614 152,830 Self-insurance reserves 124,147 109,423 Accrued postretirement benefit cost 68,123 62,986 Other noncurrent liabilities 15,352 18,005 Stockholders' Equity - -------------------- Common stock of $1 par value. Authorized 300,000,000 shares; issued 207,716,755 shares at September 29, 2001 and 204,972,803 shares at December 30, 2000 207,717 204,973 Additional paid-in capital 344,337 212,947 Reinvested earnings 2,573,365 2,252,661 ---------- ---------- 3,125,419 2,670,581 Less 8,304,192 treasury shares at September 29, 2001, at cost (399,709) --- Accumulated other comprehensive earnings (2,500) (8,146) ---------- ---------- Total Stockholders' Equity 2,723,210 2,662,435 ---------- ---------- Total Liabilities and Stockholders' Equity $4,348,261 4,221,820 ========== ==========
See accompanying notes to condensed consolidated financial statements. -2-
PUBLIX SUPER MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Amounts are in thousands, except per share and share amounts) Three Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Revenues - -------- Sales $ 3,714,728 3,465,265 Other income, net 36,219 37,377 ------------ ----------- Total revenues 3,750,947 3,502,642 ------------ ----------- Costs and expenses - ------------------ Cost of merchandise sold, including store occupancy, warehousing and delivery expenses 2,737,289 2,565,679 Operating and administrative expenses 833,008 760,119 ------------ ----------- Total costs and expenses 3,570,297 3,325,798 ------------ ----------- Earnings before income tax expense 180,650 176,844 Income tax expense 64,408 62,984 ------------ ----------- Net earnings $ 116,242 113,860 ============ =========== Weighted average number of common shares outstanding 201,221,626 208,844,691 ============ =========== Basic and diluted earnings per common share based on weighted average shares outstanding $ .58 .55 ============ =========== Cash dividends paid per common share none none
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Amounts are in thousands) Three Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Net earnings $ 116,242 113,860 Other comprehensive earnings Unrealized gain on investment securities available-for-sale, net of tax effect of $1,226 and $2,484 in 2001 and 2000, respectively 1,952 3,955 Reclassification adjustment for net realized loss (gain) on investment securities available-for-sale, net of tax effect of $276 and ($119) in 2001 and 2000, respectively 440 (190) ------------ ----------- Comprehensive earnings $ 118,634 117,625 ============ ===========
See accompanying notes to condensed consolidated financial statements. -3-
PUBLIX SUPER MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Amounts are in thousands, except per share and share amounts) Nine Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Revenues - -------- Sales $ 11,341,084 10,556,189 Other income, net 112,743 109,734 ------------ ----------- Total revenues 11,453,827 10,665,923 ------------ ----------- Costs and expenses - ------------------ Cost of merchandise sold, including store occupancy, warehousing and delivery expenses 8,365,692 7,827,006 Operating and administrative expenses 2,485,532 2,239,580 ------------ ----------- Total costs and expenses 10,851,224 10,066,586 ------------ ----------- Earnings before income tax expense 602,603 599,337 Income tax expense 215,613 214,848 ------------ ----------- Net earnings $ 386,990 384,489 ============ =========== Weighted average number of common shares outstanding 203,521,322 211,659,151 ============ =========== Basic and diluted earnings per common share based on weighted average shares outstanding $ 1.90 1.82 ============ =========== Cash dividends paid per common share $ .32 .27 ============ ===========
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Amounts are in thousands) Nine Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Net earnings $ 386,990 384,489 Other comprehensive earnings Unrealized gain on investment securities available-for-sale, net of tax effect of $3,200 and $263 in 2001 and 2000, respectively 5,094 419 Reclassification adjustment for net realized loss on investment securities available-for-sale, net of tax effect of $346 and $871 in 2001 and 2000, respectively 552 1,386 ------------ ----------- Comprehensive earnings $ 392,636 386,294 ============ ===========
See accompanying notes to condensed consolidated financial statements. -4-
PUBLIX SUPER MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts are in thousands) Nine Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Cash flows from operating activities - ------------------------------------ Cash received from customers $ 11,438,044 10,665,432 Cash paid to employees and suppliers (10,248,770) (9,547,528) Dividends and interest received 34,032 43,058 Income taxes paid (187,000) (225,048) Payment for self-insured claims (136,543) (108,778) Other operating cash receipts 649 606 Other operating cash payments (8,239) (5,748) ------------ ---------- Net cash provided by operating activities 892,173 821,994 ------------ ---------- Cash flows from investing activities - ------------------------------------ Payment for property, plant and equipment (479,735) (386,842) Proceeds from sale of property, plant and equipment 1,410 3,008 Payment for investment securities - available-for-sale (AFS) (151,115) (61,613) Proceeds from sale and maturity of investment securities - AFS 121,591 53,068 Other, net (10,004) 134 ------------ ---------- Net cash used in investing activities (517,853) (392,245) ------------ ---------- Cash flows from financing activities - ------------------------------------ Proceeds from sale of common stock 61,980 73,619 Payment for acquisition of common stock (540,148) (641,662) Dividends paid (66,286) (57,816) Other, net --- (131) ------------ ---------- Net cash used in financing activities (544,454) (625,990) ------------ ---------- Net decrease in cash and cash equivalents (170,134) (196,241) Cash and cash equivalents at beginning of period 396,906 626,636 ------------ ---------- Cash and cash equivalents at end of period $ 226,772 430,395 ============ ==========
See accompanying notes to condensed consolidated financial statements. (Continued) -5-
PUBLIX SUPER MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (Amounts are in thousands) Nine Months Ended September 29, 2001 September 23, 2000 ------------------ ------------------ (Unaudited) Reconciliation of net earnings to net cash provided by operating activities Net earnings $ 386,990 384,489 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 189,663 167,919 Retirement contributions paid or payable in common stock 153,120 159,634 Deferred income taxes (2,277) (236) Loss on sale of property, plant and equipment 10,522 10,762 Loss on sale of investments 898 2,257 Self-insurance reserves in excess of current payments 29,056 16,809 Postretirement accruals in excess of current payments 5,137 5,416 Decrease in advance purchase allowances (2,653) (4,696) Other, net 2,175 3,023 Change in cash from: Trade receivables 19,139 40,490 Merchandise inventories 15,534 29,746 Prepaid expenses (3,946) (4,214) Accounts payable and accrued expenses 57,925 20,559 Federal and state income taxes 30,890 (9,964) --------- ------- Total adjustments 505,183 437,505 --------- ------- Net cash provided by operating activities $ 892,173 821,994 ========= =======
See accompanying notes to condensed consolidated financial statements. -6- PUBLIX SUPER MARKETS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. The accompanying condensed consolidated financial statements included herein are unaudited; however, in the opinion of management, such information reflects all adjustments (consisting solely of normal recurring adjustments) which are necessary for the fair statement of results for the interim period. These condensed consolidated financial statements should be read in conjunction with the fiscal 2000 Form 10-K Annual Report of the Company. 2. Due to the seasonal nature of the Company's business, the results for the three months and nine months ended September 29, 2001 are not necessarily indicative of the results for the entire 2001 fiscal year. 3. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 4. Certain 2000 amounts have been reclassified to conform with the 2001 presentation. 5. In June 1998, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 133, "Accounting for Derivative Instruments and Hedging Activities," (SFAS 133) effective for fiscal years beginning after June 15, 1999. In June 1999, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 137, "Accounting for Derivative Instruments and Hedging Activities - Deferral of the Effective Date of FASB Statement No. 133" (SFAS 137) which deferred the effective date of adoption of SFAS 133 for one year. SFAS 133 requires that derivatives be carried at fair value and provides for hedge accounting when certain conditions are met. The Company does not have derivatives or enter into hedging activities as defined by SFAS 133, therefore, the adoption of SFAS 133 did not have any material effect on the Company's financial condition, results of operations or cash flows. 6. In July 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 141, "Business Combinations," (SFAS 141) and Statement of Financial Accounting Standard No. 142, "Goodwill and Other Intangible Assets," (SFAS 142). SFAS 141 requires that all business combinations initiated after June 30, 2001 be accounted for under the purchase method and addresses the initial recognition and measurement of goodwill and other intangible assets acquired in a business combination. The Company is required to adopt SFAS 141 immediately. Since the Company has not completed any business combinations since June 30, 2001, there was no effect on the Company from the adoption of SFAS 141. SFAS 142 addresses the initial recognition and measurement of intangible assets acquired outside of a business combination and the accounting for goodwill and other intangible assets subsequent to their acquisition. SFAS 142 provides that intangible assets with finite useful lives be amortized and that goodwill and intangible assets with indefinite useful lives will not be amortized, but instead will be tested at least annually for impairment. SFAS 142 is effective for fiscal years beginning after December 15, 2001. The Company does not have any goodwill or intangible assets as defined in SFAS 142, therefore, the adoption of SFAS 142 had no effect on the Company's financial condition, results of operations or cash flows. -7- PUBLIX SUPER MARKETS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 7. In August 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 143, "Accounting for Asset Retirement Obligations," (SFAS 143) effective for fiscal years beginning after June 15, 2002. SFAS 143 addresses the financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and for the associated asset retirement costs. The Company is currently evaluating the effect of adopting SFAS 143. 8. In October 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets," (SFAS 144) effective for fiscal years beginning after December 15, 2001. SFAS 144 addresses the financial accounting and reporting for the impairment or disposal of long-lived assets. The Company is currently evaluating the effect of adopting SFAS 144. -8- PUBLIX SUPER MARKETS, INC. Item 2. Management's Discussion and Analysis of Financial Condition and Results - -------------------------------------------------------------------------------- of Operations - ------------- Liquidity and Capital Resources - ------------------------------- Operating activities continue to be the Company's primary source of liquidity. Net cash provided by operating activities was approximately $892.2 million in the nine months ended September 29, 2001, as compared with $822.0 million in the nine months ended September 23, 2000. Cash and cash equivalents totaled $226.8 million as of September 29, 2001, as compared with $430.4 million as of September 23, 2000. Short-term and long-term investments totaled approximately $490.2 million as of September 29, 2001, as compared with $433.2 million as of September 23, 2000. Capital expenditures totaled approximately $479.7 million in the nine months ended September 29, 2001. These expenditures were primarily incurred in connection with the opening of 38 new stores and remodeling or expanding 55 stores. In addition, the Company closed 13 stores. The net impact of new and closed stores (net new stores) added an additional 1.1 million square feet in the nine months ended September 29, 2001, a 3.8% increase. Significant expenditures were also incurred in the expansion of warehouses in Lakeland, Florida and the development of an online grocery shopping service, PublixDirect. Capital expenditures totaled approximately $386.8 million in the nine months ended September 23, 2000. These expenditures were primarily incurred in connection with the opening of 36 new stores and remodeling or expanding 52 stores. In addition, the Company closed eight stores. Net new stores added an additional 1.3 million square feet in the nine months ended September 23, 2000, a 4.6% increase. Significant expenditures were also incurred in the expansion of warehouses in Lakeland, Florida. Capital expenditures for the remainder of 2001, primarily made up of new store, warehouse and office construction, remodeling or expanding of many existing stores, new or enhanced information technology applications and the continued development of PublixDirect, are expected to be approximately $220.3 million. This capital program is subject to continuing change and review. The remaining 2001 capital expenditures are expected to be financed by internally generated funds and current liquid assets. In the normal course of operations, the Company replaces stores and closes unprofitable stores. The impact of future store closings is not expected to be material. The Company currently repurchases common stock at the stockholders' request in accordance with the terms of the Company's Employee Stock Purchase Plan. Net common stock repurchases under this plan totaled approximately $478.2 million in the nine months ended September 29, 2001, as compared with $568.0 million in the nine months ended September 23, 2000. The Company expects to continue to repurchase its common stock, as offered by its stockholders from time to time, at its then currently appraised value. However, such purchases are not required and the Company retains the right to discontinue them at any time. The Company paid a cash dividend of $.32 per share on June 1, 2001, to stockholders of record as of the close of business March 30, 2001. Cash generated in excess of the amount needed for current operations, capital expenditures and common stock repurchases is invested in short-term and long-term investments. Management believes the Company's liquidity will continue to be strong. -9- Operating Results - ----------------- Sales increased 7.2% in the third quarter of 2001 to $3.7 billion, an increase of $249.5 million compared to the same quarter in 2000. This reflects an increase of $128.2 million or 3.7% in sales from stores that were open for all of both quarters (comparable stores) and sales of $121.3 million or 3.5% from net new stores since June 24, 2000. Sales increased 7.4% in the nine months ended September 29, 2001, to $11.3 billion, an increase of $784.9 million over the nine months ended September 23, 2000. This reflects an increase of $401.1 million or 3.8% in sales from comparable stores and sales of $383.8 million or 3.6% from net new stores since the beginning of fiscal 2000. Cost of merchandise sold including store occupancy, warehousing and delivery expenses, as a percentage of sales, was approximately 73.7% and 74.0% in the quarters ended September 29, 2001 and September 23, 2000, respectively. These cost of sales percentages were 73.8% and 74.2% for the nine months ended September 29, 2001 and September 23, 2000, respectively. The decreases in cost of merchandise sold, as a percentage of sales, were primarily due to continuing improvements in buying practices and promotional efficiencies including category management, shrink reduction and more efficient distribution channels. Operating and administrative expenses, as a percentage of sales, were approximately 22.4% and 21.9% for the quarters ended September 29, 2001 and September 23, 2000, respectively. The operating and administrative expenses, as a percentage of sales, were 21.9% and 21.2% for the nine months ended September 29, 2001 and September 23, 2000, respectively. The increases in operating and administrative expenses, as a percentage of sales, were primarily due to higher employee benefit costs and utility costs. Net earnings were $116.2 million or $.58 per share and $113.9 million or $.55 per share for the quarters ended September 29, 2001 and September 23, 2000, respectively. Net earnings were $387.0 million or $1.90 per share and $384.5 million or $1.82 per share for the nine months ended September 29, 2001 and September 23, 2000, respectively. Cautionary Note Regarding Forward-Looking Statements - ---------------------------------------------------- From time to time, information provided by the Company, including written or oral statements made by its representatives, may contain forward-looking information about the future performance of the Company which is based on management's assumptions and beliefs in light of the information currently available to them. When used in this document, the words "plan," "estimate," "project," "intend," "believe" and other similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from those statements including, but not limited to: competitive practices and pricing in the food and drug industries generally and particularly in the Company's principal markets; changes in the general economy; changes in consumer spending; and other factors affecting the Company's business in or beyond the Company's control. These factors include changes in the rate of inflation, changes in state and Federal legislation or regulation, adverse determinations with respect to litigation or other claims, ability to recruit and train employees, ability to construct new stores or complete remodels as rapidly as planned and stability of product costs. -10- Other factors and assumptions not identified above could also cause the actual results to differ materially from those set forth in the forward-looking statements. The Company assumes no obligation to update publicly these forward-looking statements. Item 3. Quantitative and Qualitative Disclosures About Market Risk - -------------------------------------------------------------------- The Company does not have any material exposure to market risk associated with activities in derivative financial instruments, other financial instruments and derivative commodity instruments. PART II. OTHER INFORMATION Item 1. Legal Proceedings - --------------------------- In the Company's Form 10-K for the fiscal year ended December 30, 2000, the Company discussed a case pending in the Federal District Court for the Middle District of Florida (the "Tampa Court") in which Violet McGee was the lead plaintiff with several other plaintiffs (the "McGee case"). On August 31, 2001, the Tampa Court dismissed the case subject to the right of the parties, within sixty days of the date of the order, to move to reopen the action, upon a showing of good cause. The plaintiffs have requested a thirty-day extension of this deadline, and the Company has not opposed their request. The Company anticipates that the parties will be filing a stipulation for dismissal with prejudice in the near future. As a result, the Company no longer considers the McGee case to be material. Also in the Company's Form 10-K for the fiscal year ended December 30, 2000, the Company discussed a purported class action filed against the Company in the Federal District Court for the Southern District of Florida (the "Miami Court") by Joaquin A. Garcia and other present or former employees of the Company, individually and on behalf of all other persons similarly situated (the "Garcia case"). On October 1, 2001, the Miami Court dismissed the class allegations brought by plaintiffs and gave certain of them eighteen days to refile the purported class action in compliance with the order. On October 30, 2001, the plaintiffs announced in open court that they were no longer pursuing their class action claims. As a result, the Company no longer considers the Garcia case to be material. In light of these and other considerations, the Company does not consider any of the legal proceedings described in the Company's Form 10-K for the year ended December 30, 2000 to be material. The Company is also a party in various legal claims and actions considered in the normal course of business. In the opinion of management, the ultimate resolution of these legal proceedings will not have a material adverse effect on the Company's financial condition, results of operations or cash flows. -11- Item 2. Changes in Securities - ------------------------------- Not Applicable. Item 3. Defaults Upon Senior Securities - ----------------------------------------- Not Applicable. Item 4. Submission of Matters to a Vote of Security Holders - ------------------------------------------------------------- Not Applicable. Item 5. Other Information - --------------------------- Not Applicable. Item 6(a) Exhibits - ------------------ 10. Since the filing of the Company's last Form 10-Q, the Company has entered into an Indemnification Agreement with a new officer of the Company. The Indemnification Agreement is in the same form of Indemnification Agreement filed as an exhibit to the Company's Form 10-Q for the quarter ended March 31, 2001. Such subsequent indemnified officer is as follows: Dale S. Myers 10.1 Non-Employee Directors Stock Purchase Plan Summary Plan Description, as registered in the Form S-8 filed with the Securities and Exchange Commission on June 21, 2001, is incorporated by reference to the exhibits to the Form 10-Q of the Company for the quarter ended June 30, 2001. 21. Subsidiaries of the Company. Item 6(b) Reports on Form 8-K - ----------------------------- No reports on Form 8-K were filed during the quarter ended September 29, 2001. -12- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed in its behalf by the undersigned thereunto duly authorized. PUBLIX SUPER MARKETS, INC. Date: November 9, 2001 /s/ John A. Attaway, Jr. ------------------------------------------ John A. Attaway, Jr., Secretary Date: November 9, 2001 /s/ David P. Phillips ------------------------------------------ David P. Phillips, Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) -13- EX-21 4 q32001ex-21.txt EX - 21, SUBSIDIARIES OF THE COMPANY EXHIBIT 21 PUBLIX SUPER MARKETS, INC. Subsidiaries of the Company Publix Alabama, LLC (filed in Alabama) PublixDirect, LLC (filed in Florida) Publix Asset Management Company (filed in Florida) -----END PRIVACY-ENHANCED MESSAGE-----