Food Lion 2008 Annual Report Download - page 122
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Please find page 122 of the 2008 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Free Cash Flow
Free Cash Flow Reconciliation
(in millions of EUR) 2008 2007 2006
Net cash provided by operating activities 927 932 910
Net cash used in investing activities (770) (630) (722)
Investment in debt securities (7) 24 27
Free cash flow 150 326 215
Use of Free Cash Flow in 2008
(in millions of EUR)
Inflow:
Free cash flow 150
Additions to short-term loans (net) 109
Release of escrow for funding senior notes 9
Sale and maturity of debt securities, net of investment 7
Settlement of derivative instruments 4
Stock options exercised, net of buyback own shares 1
Outflow:
Dividends paid (147)
Repayment of long-term loans (net) (69)
Cash movement before translation 64
Foreign exchange translation difference (on cash portion) 8
Net increase in cash and cash equivalents 72
Net Debt
(in millions of EUR) December 31
2008 2007 2006
Non-current financial debt 2 409 2 508 2 772
Current financial liabilities 522 189 318
Derivative liabilities - 1 5
Derivative assets (58) (53) (2)
Investments in securities - non-current (123) (116) (121)
Investments in securities - current (28) (36) (32)
Cash and cash equivalents (320) (249) (305)
Net debt 2 402 2 244 2 635
Net debt to equity ratio 57.3% 61.0% 74.0%
Results at Identical Exchange Rates
(in millions of EUR, except per share amounts) 2008 2007 2007/2008
At Actual Rates Effect of At Identical At Actual Rates At Actual Rates At Identical
Exchange Rates Rates Rates
Revenues 19 024 980 20 004 18 943 + 0.4% +5.6%
Operating profit 904 53 957 937 - 3.5% + 2.1%
Net profit from continuing operations 485 26 511 401 + 21.2% + 27.6%
Group share in net profit 467 25 492 410 + 13.9% +19.9%
Basic earnings per share 4.70 0.25 4.95 4.20 + 11.9% +17.9%
Diluted earnings per share 4.59 0.23 4.82 4.04 + 13.6% +19.3%
Free cash flow 150 13 163 326 - 54.1% - 50.2%
(in millions of EUR) December 31, 2008 December 31, 2007 Change
Net debt 2 402 (52) 2 350 2 244 + 7.1% + 4.7%
118 - Delhaize Group - Annual Report 2008
Consolidated
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Consolidated
Income Statements
Consolidated Statements of
Recognized Income and Expense
Consolidated
Statements of Cash Flows
Notes to the
Financial Statements