XML 24 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Cash flows from operating activities:    
Cash received from customers $ 8,320,290us-gaap_ProceedsFromCustomers $ 7,819,033us-gaap_ProceedsFromCustomers
Cash paid to employees and suppliers (7,226,004)us-gaap_PaymentsToSuppliersAndEmployees (6,739,340)us-gaap_PaymentsToSuppliersAndEmployees
Income taxes paid (6,145)us-gaap_IncomeTaxesPaid (30,979)us-gaap_IncomeTaxesPaid
Self-insured claims paid (61,937)ck0000081061_PaymentsForSelfInsuredClaims (70,227)ck0000081061_PaymentsForSelfInsuredClaims
Dividends and interest received 52,067us-gaap_ProceedsFromInterestAndDividendsReceived 50,906us-gaap_ProceedsFromInterestAndDividendsReceived
Other operating cash receipts 61,780us-gaap_ProceedsFromOtherOperatingActivities 59,147us-gaap_ProceedsFromOtherOperatingActivities
Other operating cash payments (4,663)us-gaap_PaymentsForOtherOperatingActivities (3,793)us-gaap_PaymentsForOtherOperatingActivities
Net cash provided by operating activities 1,135,388us-gaap_NetCashProvidedByUsedInOperatingActivities 1,084,747us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Payment for capital expenditures (221,571)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (205,145)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 640us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 2,398us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Payment for investments (929,244)us-gaap_PaymentsToAcquireInvestments (754,707)us-gaap_PaymentsToAcquireInvestments
Proceeds from sale and maturity of investments 249,139us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 253,400us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Net cash used in investing activities (901,036)us-gaap_NetCashProvidedByUsedInInvestingActivities (704,054)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payment for acquisition of common stock (277,730)us-gaap_PaymentsForRepurchaseOfCommonStock (202,995)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from sale of common stock 95,906us-gaap_ProceedsFromIssuanceOfCommonStock 94,851us-gaap_ProceedsFromIssuanceOfCommonStock
Repayment of long-term debt (8,698)us-gaap_RepaymentsOfLongTermDebt (5,464)us-gaap_RepaymentsOfLongTermDebt
Other, net 4,428us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (808)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used in financing activities (186,094)us-gaap_NetCashProvidedByUsedInFinancingActivities (114,416)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 48,258us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 266,277us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 407,493us-gaap_CashAndCashEquivalentsAtCarryingValue 301,868us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 455,751us-gaap_CashAndCashEquivalentsAtCarryingValue 568,145us-gaap_CashAndCashEquivalentsAtCarryingValue
Reconciliation of net earnings to net cash provided by operating activities:    
Net earnings 548,918us-gaap_NetIncomeLoss 493,706us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 134,073us-gaap_DepreciationAndAmortization 130,459us-gaap_DepreciationAndAmortization
Increase in LIFO reserve 9,989us-gaap_InventoryLIFOReserveEffectOnIncomeNet 9,357us-gaap_InventoryLIFOReserveEffectOnIncomeNet
Retirement contributions paid or payable in common stock 107,102ck0000081061_DefinedContributionPlanContributionsByEmployerPaidOrPayableInCommonStock 95,399ck0000081061_DefinedContributionPlanContributionsByEmployerPaidOrPayableInCommonStock
Deferred income taxes (21,258)us-gaap_DeferredIncomeTaxExpenseBenefit (31,429)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on disposal and impairment of property, plant and equipment 8,312us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 9,513us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Gain on AFS securities (15,374)ck0000081061_GainLossOnSaleOfInvestmentsAndImpairmentCharges (5,602)ck0000081061_GainLossOnSaleOfInvestmentsAndImpairmentCharges
Net amortization of investments 33,773us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 35,408us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Changes in operating assets and liabilities providing (requiring) cash:    
Trade receivables (44,430)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (12,524)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Merchandise inventories (24,650)us-gaap_IncreaseDecreaseInRetailRelatedInventories (3,566)us-gaap_IncreaseDecreaseInRetailRelatedInventories
Prepaid expenses and other noncurrent assets (12,101)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (9,360)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses 131,079us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 138,690us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Self-insurance reserves 1,068us-gaap_IncreaseDecreaseInSelfInsuranceReserve 223us-gaap_IncreaseDecreaseInSelfInsuranceReserve
Federal and state income taxes 278,932us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 235,398us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other noncurrent liabilities (45)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (925)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Total adjustments 586,470us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 591,041us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash provided by operating activities $ 1,135,388us-gaap_NetCashProvidedByUsedInOperatingActivities $ 1,084,747us-gaap_NetCashProvidedByUsedInOperatingActivities