Safeway 2005 Annual Report Download - page 57

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(In millions)
37
52 Weeks
2005
52 Weeks
2004
53 Weeks
2003
Financing Activities:
Additions to short-term borrowings $ 13.0 $ 11.2 $ 2.6
Payments on short-term borrowings (23.8) (1.5) (3.1)
Additions on long-term borrowings 754.5 1,173.5 1,592.0
Payments on long-term borrowings (1,188.6) (2,278.6) (2,331.0)
Purchase of treasury stock (1.5) (0.4) −
Dividends paid (44.9) −−
Net proceeds from exercise of stock options 18.9 24.8 19.1
Other 5.5 (6.6) (3.6)
Net cash flow used by financing activities (466.9) (1,077.6) (724.0)
Effect of changes in exchange rates on cash 5.9 13.5 8.2
Increase in cash and equivalents 106.5 92.0 98.8
Cash and Equivalents:
Beginning of year 266.8 174.8 76.0
End of year $ 373.3 $ 266.8 $ 174.8
Other Cash Information:
Cash payments during the year for:
Interest $ 412.1 $ 434.8 $ 464.2
Income taxes, net of refunds 624.4 43.8 361.6
Non-cash Investing and Financing Activities:
Tax benefit from stock options exercised $9.1$ 17.4 $ 13.6
Capital lease obligations entered into 27.1 35.9 113.2
Mortgage notes assumed in property additions 3.2 5.5 −
See accompanying notes to consolidated financial statements.