Albertsons 2004 Annual Report Download - page 50

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Notes:
(a) Fiscal 2004 includes 53 weeks, all other years include 52 weeks. Dollars in thousands except per share and
percentage data.
(b) Fiscal 2000 net earnings include a net benefit of $10.9 million or $0.08 per diluted share from the gain on
sale of Hazelwood Farms Bakeries and restructure charges. This reflects total pretax net adjustments of
$60.1 million, which include a $163.7 million gain on sale of Hazelwood Farms Bakeries and $103.6
million of restructure charges related primarily to facility consolidation, non core store disposal, and
rationalization of redundant and certain decentralized administrative functions.
(c) Inventories (FIFO), working capital and current ratio are calculated after adding back the LIFO reserve. The
LIFO reserve for each year is as follows: $135.8 million for fiscal 2004, $145.5 million for fiscal 2003,
$140.8 million for fiscal 2002, $140.6 million for fiscal 2001 and $135.6 million for fiscal 2000.
(d) Long-term debt includes long-term debt and long-term obligations under capital leases.
(e) The debt to capital ratio is calculated as debt, which includes notes payable, current debt, current obligations
under capital leases, long-term debt and long-term obligations under capital leases, divided by the sum of
debt and stockholders’ equity.
(f) Capital expenditures includes cash expenditures and capital lease asset additions.
F-3