XML 62 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
Operating Activities:      
Net income before allocation to noncontrolling interest $ 598.1 $ 518.2 $ 590.6
Gain from discontinued operations, net of tax (31.9) [1],[2] 0 0
Income from continuing operations 566.2 518.2 590.6
Reconciliation to net cash flow from operating activities:      
Depreciation expense 1,134.3 1,148.8 1,162.4
Property impairment charges 46.5 44.7 71.7
Share-based employee compensation 55.1 50.0 55.5
LIFO expense (income) 0.7 35.1 (28.0)
Equity in earnings of unconsolidated affiliate (17.5) (13.0) (15.3)
Net pension and post-retirement benefits expense 150.8 114.3 125.2
Contributions to pension and post-retirement benefit plans (159.5) (176.2) (17.7)
Gain on property dispositions and lease exit costs, net (79.1) (65.6) (27.5)
Increase in accrued claims and other liabilities 44.8 23.2 36.2
Deferred income taxes (36.0) (63.7) (31.3)
Other 13.0 23.5 (3.4)
Changes in working capital items:      
Receivables (5.6) (2.1) 14.6
Inventories at FIFO cost (84.7) 95.0 (64.4)
Prepaid expenses and other current assets (27.5) (13.1) (15.3)
Income taxes (82.7) 91.4 (3.7)
Payables and accruals 24.5 (80.5) 7.0
Payables related to third-party gift cards, net of receivables 26.4 293.6 (6.9)
Net cash flow from operating activities 1,569.7 2,023.6 1,849.7
Investing Activities:      
Cash paid for property additions (927.6) (1,094.7) (837.5)
Proceeds from sale of property 300.8 188.0 84.5
Net cash proceeds from discontinued operations 107.0 0 0
Investments and business acquisitions 0 (35.9) 0
Other (52.2) (71.9) (45.8)
Net cash used by investing activities (572.0) (1,014.5) (798.8)
Financing Activities:      
Additions to (payments on) short-term borrowings, net 1.2 (0.8) 0.2
Additions to long-term borrowings 3,623.4 3,697.5 1,627.4
Payments on long-term borrowings (3,551.6) (3,087.6) (1,712.4)
Purchase of treasury stock (1,274.5) (1,554.0) (621.1)
Dividends paid (163.9) (188.0) (168.1)
Net proceeds from exercise of stock options 3.8 73.4 117.1
Excess tax benefit from share-based employee compensation 1.3 1.8 1.6
Other (13.5) (19.6) (12.8)
Net cash flow used by financing activities (1,373.8) (1,077.3) (768.1)
Effect of changes in exchange rates on cash (1.1) 18.8 24.5
(Decrease) increase in cash and equivalents (377.2) (49.4) 307.3
Cash and Equivalents:      
Beginning of year 729.4 778.8 471.5
End of year 352.2 729.4 778.8
Other Cash Information:      
Interest 322.3 302.6 315.7
Income taxes, net of refunds 380.9 336.2 325.6
Non-cash Investing and Financing Activities:      
Capital lease obligations entered into 48.1 1.1 0.1
Purchases of property, plant and equipment included in accounts payable 107.8 198.8 130.1
Notes received in the sale of real estate 0 97.3 16.4
Mortgage notes assumed in property additions $ 42.9 $ 3.7 $ 1.9
[1] In the fourth quarter of 2012, Safeway results included a pre-tax gain from legal settlements of $46.5 million.
[2] See Note Q, Discontinued Operations.