TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA for Safeway (SWY)

Safeway (SWY)

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SWY » Topics » TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA

This excerpt taken from the SWY 8-K filed Feb 25, 2010.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	Year Ended January 2, 2010
Net cash flow from operating activities	$	2,549.7
Add (subtract):
Income taxes		144.2
Interest expense		331.7
Amortization of deferred finance cost		(4.8	)
Excess tax benefit from exercise of stock options		0.1
Deferred income taxes		142.1
Net pension expense		(130.2	)
Contributions to pension plans		16.7
Accrued claims and other liabilities		32.1
Loss on property retirements and lease exit costs		(12.7	)
Changes in working capital items		(426.7	)
Other		(31.0	)

Adjusted EBITDA	$	2,611.2

This excerpt taken from the SWY 8-K filed Feb 26, 2009.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	Year Ended January 3, 2009
Net cash flow from operating activities	$	2,250.9
Add (subtract):
Income taxes		539.3
Interest expense		358.7
Amortization of deferred finance cost		(5.1	)
Excess tax benefit from exercise of stock options		1.5
Deferred income taxes		(171.7	)
Net pension expense		(84.6	)
Contributions to pension plans		33.8
Accrued claims and other liabilities		(24.4	)
Gain on property retirements and lease exit costs		19.0
Changes in working capital items		225.5
Other		1.5

Adjusted EBITDA	$	3,144.4

This excerpt taken from the SWY 8-K filed Feb 21, 2008.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	Year Ended December 29, 2007
Net cash flow from operating activities	$	2,190.5
Add (subtract):
Income taxes		515.2
Interest expense		388.9
Amortization of deferred finance cost		(5.3	)
Excess tax benefit from exercise of stock options		38.3
Deferred income taxes		(130.8	)
Net pension expense		(72.1	)
Contributions to pension plans		33.0
Accrued claims and other liabilities		5.8
Gain on property retirements and lease exit costs		42.3
Changes in working capital items		(45.6	)
Other		(6.9	)

Adjusted EBITDA	$	2,953.3

This excerpt taken from the SWY 8-K filed Feb 22, 2007.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	Year Ended December 30, 2006
Net cash flow from operating activities	$	2,175.0
Add (subtract):
Income taxes		369.4
Interest expense		396.1
Amortization of deferred finance cost		(5.8	)
Deferred income taxes		(1.1	)
Net pension expense		(83.1	)
Contributions to pension plans		29.2
Accrued claims and other liabilities		(10.8	)
Gain on property retirements and lease exit costs		17.8
Changes in working capital items		(181.4	)
Other		(7.3	)

Adjusted EBITDA	$	2,698.0

This excerpt taken from the SWY 8-K filed Oct 12, 2006.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	*(A+B-C)* Rolling Four Quarters September 9, 2006			A Year Ended December 31, 2005			B 36 Weeks Ended September 9, 2006			C 36 Weeks Ended September 10, 2005
Net cash flow from operating activities	$	2,047.2		$	1,881.0		$	1,453.6		$	1,287.4
Add (subtract):
Income taxes		336.8			287.9			242.2			193.3
Interest expense		398.9			402.6			274.6			278.3
Deferred income taxes		148.9			215.9			—			67.0
Net pension expense		(90.4	)		(115.6	)		(55.1	)		(80.3	)
Accrued claims and other liabilities		(61.2	)		(44.1	)		(49.4	)		(32.3	)
(Loss) gain on property retirements and lease exit costs		(12.7	)		(13.6	)		14.0			13.1
Changes in working capital items		(277.1	)		(310.9	)		(82.9	)		(116.7	)
Other		14.3			3.7			10.0			(0.6	)

Adjusted EBITDA	$	2,504.7		$	2,306.9		$	1,807.0		$	1,609.2

This excerpt taken from the SWY 8-K filed Jul 20, 2006.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	*(A+B-C)* Rolling Four Quarters June 17, 2006			A Year Ended December 31, 2005			B 24 Weeks Ended June 17, 2006			C 24 Weeks Ended June 18, 2005
Net cash flow from operating activities	$	1,951.7		$	1,881.0		$	742.5		$	671.8
Add (subtract):
Income taxes		264.4			287.9			140.4			163.9
Interest expense		402.4			402.6			184.6			184.8
Deferred income taxes		215.9			215.9			—			—
Net pension expense		(98.0	)		(115.6	)		(35.9	)		(53.5	)
Accrued claims and other liabilities		(36.6	)		(44.1	)		(40.4	)		(47.9	)
(Loss) gain on property retirements and lease exit costs		(19.3	)		(13.6	)		5.6			11.3
Changes in working capital items		(257.3	)		(310.9	)		199.6			146.0
Other		12.9			3.7			9.2			—

Adjusted EBITDA	$	2,436.1		$	2,306.9		$	1,205.6		$	1,076.4

This excerpt taken from the SWY 8-K filed Apr 27, 2006.

TABLE 3: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	*(A+B-C)* Rolling Four Quarters March 25, 2006			A Year Ended December 31, 2005			B Quarter Ended March 25, 2006			C Quarter Ended March 26, 2005
Net cash flow from operating activities	$	1,771.2		$	1,881.0		$	128.6		$	238.4
Add (subtract):
Income taxes		295.9			287.9			89.5			81.5
Interest expense		405.3			402.6			93.0			90.3
Deferred income taxes		215.9			215.9			—			—
Net pension expense		(105.8	)		(115.6	)		(17.0	)		(26.8	)
Accrued claims and other liabilities		(43.7	)		(44.1	)		(16.8	)		(17.2	)
(Loss) gain on property retirements and lease exit costs		(14.5	)		(13.6	)		6.1			7.0
Changes in working capital items		(183.8	)		(310.9	)		282.0			154.9
Other		4.4			3.7			3.6			2.9

Adjusted EBITDA	$	2,344.9		$	2,306.9		$	569.0		$	531.0

This excerpt taken from the SWY 8-K filed Jul 26, 2005.

TABLE 4: RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO ADJUSTED EBITDA


	(A+B-C) Rolling Four Quarters June 18, 2005			A Year Ended Jan. 1, 2005			B 24 Weeks Ended June 18, 2005			C 24 Weeks Ended June 19, 2004
Net cash flow from operating activities	$	1,850.5		$	2,226.4		$	671.8		$	1,047.7
Add (subtract):
Income taxes		307.6			233.7			163.9			90.0
Interest expense		404.3			411.2			184.8			191.7
Deferred income taxes		29.2			29.2			—			—
Net pension expense		(114.7	)		(112.9	)		(53.5	)		(51.7	)
Accrued claims and other liabilities		(93.0	)		(117.5	)		(47.9	)		(72.4	)
Gain (loss) on property retirements and lease exit costs		25.3			(20.6	)		11.3			(34.6	)
Changes in working capital items		(126.4	)		(538.2	)		146.0			(265.8	)

Adjusted EBITDA	$	2,282.8		$	2,111.3		$	1,076.4		$	904.9