XML 25 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Cash flows from operating activities:      
Cash received from customers $ 34,088,337 $ 32,249,651 $ 30,596,486
Cash paid to employees and suppliers (30,291,186) (28,718,224) (27,045,219)
Income taxes paid (683,464) (721,226) (895,758)
Self-insured claims paid (338,010) (315,624) (317,441)
Dividends and interest received 246,202 219,589 222,134
Other operating cash receipts 268,347 249,588 235,642
Other operating cash payments (37,271) (22,389) (18,612)
Net cash provided by operating activities 3,252,955 2,941,365 2,777,232
Cash flows from investing activities:      
Payment for capital expenditures (1,443,827) (1,235,648) (1,374,124)
Proceeds from sale of property, plant and equipment 6,268 4,350 40,222
Payment for investments (2,526,973) (2,764,436) (1,839,814)
Proceeds from sale and maturity of investments 2,158,434 2,149,233 1,532,007
Net cash used in investing activities (1,806,098) (1,846,501) (1,641,709)
Cash flows from financing activities:      
Payment for acquisition of common stock (960,262) (855,801) (688,339)
Proceeds from sale of common stock 330,040 345,319 284,105
Dividends paid (667,902) (612,766) (577,227)
Repayments of long-term debt (49,828) (30,164) (57,442)
Other, net (12,762) 3,231 9,005
Net cash used in financing activities (1,360,714) (1,150,181) (1,029,898)
Net increase (decrease) in cash and cash equivalents 86,143 (55,317) 105,625
Cash and cash equivalents at beginning of year 352,176 407,493 301,868
Cash and cash equivalents at end of year 438,319 352,176 407,493
Reconciliation of net earnings to net cash provided by operating activities:      
Net earnings 2,025,688 1,965,048 1,735,308
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 624,203 581,892 513,393
(Decrease) increase in LIFO reserve (4,643) 25,996 30,743
Retirement contributions paid or payable in common stock 365,936 369,017 338,979
Deferred income taxes 24,357 108,574 2,392
Loss on disposal and impairment of property, plant and equipment 11,035 49,596 26,155
Gain on AFS securities (32,256) (69,801) (58,413)
Net amortization of investments 141,869 137,883 137,533
Change in operating assets and liabilities providing (requiring) cash:      
Trade receivables 8,306 (174,610) (8,829)
Merchandise inventories 22,764 (168,826) (121,449)
Prepaid expenses and other noncurrent assets (14,307) (12,571) (4,210)
Accounts payable and accrued expenses (74,917) 114,811 268,491
Self-insurance reserves 5,340 (14,027) 8,325
Federal and state income taxes 159,426 38,920 (86,910)
Other noncurrent liabilities (9,846) (10,537) (4,276)
Total adjustments 1,227,267 976,317 1,041,924
Net cash provided by operating activities $ 3,252,955 $ 2,941,365 $ 2,777,232