Harris Teeter 2011 Annual Report Download - page 31

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STATEMENTS OF CONSOLIDATED CASH FLOWS
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands)
52 Weeks Ended 53 Weeks Ended 52 Weeks Ended
October 2, October 3, September 27,
2011 2010 2009
CASH FLOW FROM OPERATING ACTIVITIES:
Net Earnings $ 91,247 $ 112,041 $ 85,964
Non-Cash Items Included in Net Income:
Depreciation and Amortization 140,717 135,338 125,487
Deferred Income Taxes 18,939 45,628 10,393
Net Gain on Property Sales (20,712) (5,802) (792)
Loss on Sale of Discontinued Operations 36,473 - 9,891
Share-Based Compensation 8,073 6,104 5,722
Other, Net (7,219) (6,569) (2,652)
Changes in Operating Accounts Providing (Utilizing) Cash:
Accounts Receivable (852) (19,015) 11,470
Inventories (19,971) (10,194) 1,833
Prepaid Expenses and Other Current Assets 6,311 (1,408) (6,769)
Accounts Payable 37,688 (456) (9,196)
Other Current Liabilities 19,218 (6,222) 5,550
Other Long-Term Operating Accounts (39,097) (7,301) (4,102)
Dividends Received 1,431 1,553 940
Net Cash Provided by Operating Activities 272,246 243,697 233,739
INVESTING ACTIVITIES:
Capital Expenditures (153,916) (132,130) (209,203)
Purchase of Other Investments (19,435) (21,298) (16,980)
Proceeds from Sale of Property 67,760 25,580 5,944
Return of Partnership Investments - 3,364 3,152
Investments in COLI, Net of Proceeds from Death Benefits (1,073) 158 (702)
Other, Net (2,306) (488) (996)
Net Cash Used in Investing Activities (108,970) (124,814) (218,785)
FINANCING ACTIVITIES:
Net Proceeds from (Payments on) Short-Term Debt Borrowings (2,427) 941 (3,836)
Net (Payments on) Proceeds from Revolver Borrowings - (52,900) 23,900
Proceeds from Long-Term Debt Borrowings - 5,319 1,652
Payments on Long-Term Debt and Capital Lease Obligations (32,195) (9,450) (12,212)
Dividends Paid (25,555) (29,259) (17,465)
Proceeds from Stock Issued 622 3,954 1,598
Share-Based Compensation Tax Benefits 1,157 1,366 482
Shares Effectively Purchased and Retired for Withholding Taxes (2,485) (1,375) (1,176)
Purchase and Retirement of Common Stock - (1,491) -
Other, Net (1,096) 53 135
Net Cash (Used in) Provided by Financing Activities (61,979) (82,842) (6,922)
Increase in Cash and Cash Equivalents 101,297 36,041 8,032
Effect of Foreign Currency Fluctuations on Cash (107) 261 (481)
Cash and Cash Equivalents at Beginning of Year 73,612 37,310 29,759
Cash and Cash Equivalents at End of Year $ 174,802 $ 73,612 $ 37,310
Cash and Cash Equivalents of Continuing Operations $ 164,479 $ 60,107 $ 27,493
Cash and Cash Equivalents of Discontinued Operations 10,323 13,505 9,817
Cash Paid During the Year For:
Interest, Net of Amounts Capitalized 19,416 19,422 17,360
Income Taxes 44,470 28,214 43,588
Non-Cash Activity – Assets Acquired under Capital Leases 12,144 28 30,034
See Notes to Consolidated Financial Statements
27