Albertsons 2011 Annual Report Download - page 42

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
February 26,
2011
(52 weeks)
February 27,
2010
(52 weeks)
February 28,
2009
(53 weeks)
Cash flows from operating activities
Net earnings (loss) $ (1,510) $ 393 $ (2,855)
Adjustments to reconcile net earnings (loss) to net
cash provided by operating activities:
Goodwill and intangible asset impairment
charges 1,870 — 3,524
Asset impairment and other charges 116 74 169
Gain on sale of assets (52) (33) (9)
Depreciation and amortization 925 957 1,057
LIFO charge 18 8 78
Deferred income taxes (94) 151 (118)
Stock-based compensation 15 31 44
Other adjustments 41 27 (25)
Changes in operating assets and liabilities:
Receivables 46 55 68
Inventories 21 326 (12)
Accounts payable and accrued liabilities (103) (267) (216)
Income taxes receivable (22) (172) (83)
Other changes in operating assets and liabilities (108) (76) (88)
Net cash provided by operating activities 1,163 1,474 1,534
Cash flows from investing activities
Proceeds from sale of assets 360 215 117
Purchases of property, plant and equipment (597) (681) (1,186)
Other 10 7 55
Net cash used in investing activities (227) (459) (1,014)
Cash flows from financing activities
Proceeds from issuance of long-term debt 180 943 215
Payment of long-term debt and capital lease
obligations (1,065) (1,830) (581)
Dividends paid (74) (147) (145)
Net proceeds from the sale of common stock under
option plans and related tax benefits 2 — 11
Payment for purchase of treasury shares (3) — (23)
Other (15) (10) —
Net cash used in financing activities (975) (1,044) (523)
Net decrease in cash and cash equivalents (39) (29) (3)
Cash and cash equivalents at beginning of year 211 240 243
Cash and cash equivalents at end of year $ 172 $ 211 $ 240
SUPPLEMENTAL CASH FLOW INFORMATION
The Company’s non-cash activities were as follows:
Capital lease asset additions and related obligations $ 7 $ 10 $ 26
Purchases of property, plant and equipment included
in Accounts payable $ 69 $ 69 $ 98
Interest and income taxes paid:
Interest paid (net of amount capitalized) $ 513 $ 538 $ 614
Income taxes paid (net of refunds) $ 11 $ 187 $ 274
See Notes to Consolidated Financial Statements.
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