XML 53 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Cash received from customers $ 28,942,460 $ 27,579,893 $ 26,980,492
Cash paid to employees and suppliers (25,673,800) (24,279,245) (24,024,194)
Income taxes paid (789,721) (785,147) (658,213)
Self-insured claims paid (321,060) (293,359) (285,362)
Dividends and interest received 205,923 182,025 139,727
Other operating cash receipts 222,178 214,022 203,112
Other operating cash payments (18,677) (13,982) (14,375)
Net cash provided by operating activities 2,567,303 2,604,207 2,341,187
Cash flows from investing activities:      
Payment for capital expenditures (668,485) (697,112) (602,952)
Proceeds from sale of property, plant and equipment 21,360 5,503 5,312
Payment for investments (2,442,298) (1,882,223) (2,062,775)
Proceeds from sale and maturity of investments 1,367,922 1,010,277 841,028
Net cash used in investing activities (1,721,501) (1,563,555) (1,819,387)
Cash flows from financing activities:      
Payment for acquisition of common stock (563,470) (551,816) (497,570)
Proceeds from sale of common stock 242,211 197,448 206,245
Dividends paid (547,287) (698,652) (418,680)
Repayments of long-term debt (16,803) (18,277) (49,076)
Other, net 4,015 1,192 (1,767)
Net cash used in financing activities (881,334) (1,070,105) (760,848)
Net decrease in cash and cash equivalents (35,532) (29,453) (239,048)
Cash and cash equivalents at beginning of year 337,400 366,853 605,901
Cash and cash equivalents at end of year 301,868 337,400 366,853
Reconciliation of net earnings to net cash provided by operating activities:      
Net earnings 1,653,954 1,552,255 1,491,966
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 501,689 493,239 492,639
Increase in LIFO reserve 14,787 28,419 67,145
Retirement contributions paid or payable in common stock 319,175 304,285 291,240
Deferred income taxes 1,061 7,002 95,848
Loss on disposal and impairment of property, plant and equipment 26,065 24,855 13,734
Gain on AFS securities (47,769) (10,386) (19,886)
Net amortization of investments 133,422 108,300 80,890
Change in operating assets and liabilities providing (requiring) cash:      
Trade receivables (21,086) 22,517 (50,782)
Merchandise inventories (112,397) (76,077) (70,277)
Prepaid expenses and other noncurrent assets (1,757) (3,374) (15,635)
Accounts payable and accrued expenses 76,083 181,916 (51,741)
Self-insurance reserves 4,315 6,497 9,762
Federal and state income taxes 21,844 (41,153) 15,763
Other noncurrent liabilities (2,083) 5,912 (9,479)
Total adjustments 913,349 1,051,952 849,221
Net cash provided by operating activities $ 2,567,303 $ 2,604,207 $ 2,341,187