XML 57 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Cash received from customers $ 14,572,874 $ 13,916,345
Cash paid to employees and suppliers (12,649,515) (12,052,617)
Income taxes paid (472,450) (481,586)
Self-insured claims paid (159,879) (135,642)
Dividends and interest received 96,725 86,189
Other operating cash receipts 108,420 107,590
Other operating cash payments (8,393) (6,418)
Net cash provided by operating activities 1,487,782 1,433,861
Cash flows from investing activities:    
Payment for capital expenditures (271,755) (308,772)
Proceeds from sale of property, plant and equipment 4,623 2,984
Payment for investments (1,349,602) (881,593)
Proceeds from sale and maturity of investments 550,438 349,441
Net cash used in investing activities (1,066,296) (837,940)
Cash flows from financing activities:    
Payment for acquisition of common stock (305,147) (278,357)
Proceeds from sale of common stock 113,969 81,060
Dividends paid (274,646) (464,626)
Repayment of long-term debt (2,578) (1,902)
Other, net (338) 259
Net cash used in financing activities (468,740) (663,566)
Net decrease in cash and cash equivalents (47,254) (67,645)
Cash and cash equivalents at beginning of period 337,400 366,853
Cash and cash equivalents at end of period 290,146 299,208
Reconciliation of net earnings to net cash provided by operating activities:    
Net earnings 872,135 791,042
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 250,606 245,222
Increase in LIFO reserve 19,234 22,942
Retirement contributions paid or payable in common stock 173,487 155,227
Deferred income taxes (4,302) (29,021)
Loss on disposal and impairment of property, plant and equipment 2,825 10,018
Gain on AFS securities (9,250) (4,402)
Net amortization of investments 64,542 51,908
Changes in operating assets and liabilities providing (requiring) cash:    
Trade receivables 2,707 36,358
Merchandise inventories (9,915) 24,466
Prepaid expenses and other noncurrent assets (9,061) (33,913)
Accounts payable and accrued expenses 160,598 195,921
Self-insurance reserves (790) 7,183
Federal and state income taxes (24,411) (41,086)
Other noncurrent liabilities (623) 1,996
Total adjustments 615,647 642,819
Net cash provided by operating activities $ 1,487,782 $ 1,433,861