Confidential ©2006 Catalina Marketing Corporation

Reproduce by written permission only

Cash Flow Statement

Cash Flow Statement

($ millions)

($ millions)

FY '06

FY '05

Change

Net Income

71.6

$        

65.5

$        

6.1

$       

Change in Working Capital

(5.2)

(1.5)

(3.7)

Impairment

0.0

4.9

(4.9)

D&A

36.0

43.7

(7.7)

Other

(0.7)

5.4

(6.1)

Cash From Operations

101.7

118.0

(16.3)

Capital Expend.

(60.3)

(22.5)

(37.8)

Acq. Pmts. / Disp.

(3.5)

4.9

(8.4)

Net Cash Used in Investing

(63.8)

(17.6)

(46.2)

Borrow / (Repay) of Debt

2.0

(3.5)

5.5

Repurch. of stock

(114.3)

(44.2)

(70.1)

Dividends paid

(14.5)

(15.7)

1.2

Option exer. and other

2.8

5.0

(2.2)

Net Cash Used in Financing

(124.0)

(58.4)

(65.6)

Net Incr (Decr) in Cash

(86.1)

42.0

(128.1)

Effect of Exchange Rates

(2.0)

1.5

(3.5)

Cash at End of Prior Period

116.2

72.7

43.5

Cash at End of Current Period

28.1

$        

116.2

$     

(88.1)

$   

•

Strong cash flow from operations

•

Using cash for growth initiatives, repurchases, and dividends

•

Capex for Walgreens, K-Mart, International growth, IT

Exhibit 99.4