Albertsons 2010 Annual Report Download - page 46

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
February 27,
2010
(52 weeks)
February 28,
2009
(53 weeks)
February 23,
2008
(52 weeks)
Cash flows from operating activities
Net earnings (loss) $ 393 $ (2,855) $ 593
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Goodwill and intangible asset impairment charges — 3,524 —
Asset impairment and other charges 74 169 14
Gain on sale of assets (33) (9) (23)
Depreciation and amortization 957 1,057 1,017
LIFO charge 87830
Deferred income taxes 151 (118) (74)
Stock-based compensation 31 44 52
Other adjustments 27 (25) (15)
Changes in operating assets and liabilities:
Receivables 55 68 103
Inventories 326 (12) (20)
Accounts payable and accrued liabilities (267) (216) (278)
Income taxes currently payable (172) (83) 319
Other changes in operating assets and liabilities (76) (88) 14
Net cash provided by operating activities 1,474 1,534 1,732
Cash flows from investing activities
Proceeds from sale of assets 215 117 195
Purchases of property, plant and equipment (681) (1,186) (1,191)
Other 75528
Net cash used in investing activities (459) (1,014) (968)
Cash flows from financing activities
Proceeds from issuance of long-term debt 943 215 41
Payment of long-term debt and capital lease obligations (1,830) (581) (692)
Dividends paid (147) (145) (142)
Net proceeds from the sale of common stock under option plans and related tax benefits — 11 153
Payment for purchase of treasury shares — (23) (218)
Other (10) — 52
Net cash used in financing activities (1,044) (523) (806)
Net decrease in cash and cash equivalents (29) (3) (42)
Cash and cash equivalents at beginning of year 240 243 285
Cash and cash equivalents at end of year $ 211 $ 240 $ 243
SUPPLEMENTAL CASH FLOW INFORMATION
The Company’s non-cash activities were as follows:
Capital lease asset additions and related obligations $ 10 $ 26 $ 36
Purchases of property, plant and equipment included in Accounts payable $ 69 $ 98 $ 154
Interest and income taxes paid:
Interest paid (net of amount capitalized) $ 538 $ 614 $ 743
Income taxes paid (net of refunds) $ 187 $ 274 $ 107
See Notes to Consolidated Financial Statements.
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