Harris Teeter 2012 Annual Report Download - page 31

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STATEMENTS OF CONSOLIDATED CASH FLOWS
HARRIS TEETER SUPERMARKETS, INC. AND SUBSIDIARIES
(dollars in thousands)
52 Weeks Ended 52 Weeks Ended 53 Weeks Ended
October 2, October 2, October 3,
2012 2011 2010
CASH FLOW FROM OPERATING ACTIVITIES:
Net Earnings $ 82,512 $ 91,247 $ 112,041
Loss (Earnings) from Discontinued Operations 17,415 20,211 (13,389)
Non-Cash Items Included in Net Income:
Depreciation and Amortization 135,542 128,717 121,731
Deferred Income Taxes 1,814 13,684 47,188
Net Gain on Sale of Property and Investments (132) (20,162) (6,026)
Share-Based Compensation 7,121 8,073 6,104
Other, Net (1,863) (1,496) (1,633)
Changes in Operating Accounts Providing (Utilizing) Cash:
Accounts Receivable (12,179) 785 (9,917)
Inventories (17,969) (15,112) (11,848)
Prepaid Expenses and Other Current Assets 864 3,308 (2,842)
Accounts Payable 24,665 37,528 (1,699)
Other Current Liabilities (4,513) 18,449 (10,034)
Other Long-Term Operating Accounts (25,.980) (41,312) (8,860)
Net Cash Provided by Operating Activities of Discontinued Operations - 28,326 22,881
Net Cash Provided by Operating Activities 207,297 272,246 243,697
INVESTING ACTIVITIES:
Capital Expenditures (199,946) (147,993) (128,183)
Purchase of Other Investments (3,448) (19,436) (21,298)
Business Acquisition (26,296) - -
Proceeds from Sale of Property and Investments 172,143 65,697 25,178
Return of Partnership Investments - - 3,364
Net Proceeds From (Investments in) Company-owned Life Insurance 12,486 (1,073) 158
Other, Net (28) (627) 487
Net Cash Used by Investing Activities of Discontinued Operations - (5,538) (4,520)
Net Cash Used in Investing Activities (45,089) (108,970) (124,814)
FINANCING ACTIVITIES:
Net Payments on Revolver Borrowings - - (52,900)
Payments on Long-Term Debt and Capital Lease Obligations (83,706) (30,910) (9,343)
Proceeds from Issuance of Long-Term Debt - - 4,300
Dividends Paid (27,112) (25,555) (29,259)
Proceeds from Stock Issued 486 622 3,954
Share-Based Compensation Tax Benefits 1,760 908 1,118
Shares Effectively Purchased and Retired for Withholding Taxes (5,129) (2,485) (1,375)
Purchase and Retirement of Common Stock - - (1,491)
Other, Net (775) 139 139
Net Cash Used by Financing Activities of Discontinued Operations - (4,698) 2,015
Net Cash (Used in) Provided by Financing Activities (114,476) (61,979) (82,842)
Increase in Cash and Cash Equivalents 47,732 101,297 36,041
Cash Effect of Foreign Currency Fluctuations of Discontinued Operations -(107) 261
Cash and Cash Equivalents at Beginning of Year 164,479 73,612 37,310
Cash and Cash Equivalents at End of Year $ 212,211 $ 174,802 $ 73,612
Cash and Cash Equivalents of Continuing Operations $ 212,211 $ 164,479 $ 60,107
Cash and Cash Equivalents of Discontinued Operations - 10,323 13,505
Cash Paid During the Year For:
Interest, Net of Amounts Capitalized 18,141 19,194 19,160
Income Taxes 75,059 41,753 27,483
Non-Cash Activity – Assets Acquired under Capital Leases 8,866 12,144 28
See Notes to Consolidated Financial Statements
27