Albertsons Companies Inc
For the period ended Dec 2, 2023. Filed Jan 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 2, 2023 · Filed Jan 9, 2024
ACI$13.19+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in millions)
| 40 weeks ended | ||
|---|---|---|
| December 2,2023 | December 3,2022 | |
| Cash flows from operating activities: | ||
| Net income | $1,045.5 | $1,202.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Loss (gain) on property dispositions and impairment losses, net | 43.1 | (86.1) |
| Depreciation and amortization | 1,359.9 | 1,380.9 |
| Operating lease right-of-use assets amortization | 510.7 | 500.7 |
| LIFO expense | 87.8 | 181.4 |
| Deferred income tax | (116.5) | 101.3 |
| Contributions to pension and post-retirement benefit plans, net of (income) expense | (17.0) | (34.9) |
| Gain on interest rate swaps and energy hedges, net | (6.1) | (12.9) |
| Deferred financing costs | 12.0 | 13.0 |
| Equity-based compensation expense | 80.5 | 96.6 |
| Other operating activities | (8.6) | 1.9 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | (139.4) | (143.8) |
| Inventories, net | (481.6) | (735.4) |
| Accounts payable, accrued salaries and wages and other accrued liabilities | 54.1 | 33.6 |
| Operating lease liabilities | (424.3) | (412.0) |
| Self-insurance assets and liabilities | 31.3 | 49.6 |
| Other operating assets and liabilities | (300.6) | (64.3) |
| Net cash provided by operating activities | 1,730.8 | 2,072.0 |
| Cash flows from investing activities: | ||
| Payments for property, equipment and intangibles, including lease buyouts | (1,535.0) | (1,566.9) |
| Proceeds from sale of assets | 201.3 | 99.4 |
| Other investing activities | 4.9 | (11.2) |
| Net cash used in investing activities | (1,328.8) | (1,478.7) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, including ABL facility | 150.0 | 1,400.0 |
| Payments on long-term borrowings, including ABL facility | (500.7) | (200.5) |
| Payments of obligations under finance leases | (45.4) | (46.4) |
| Dividends paid on common stock | (207.1) | (190.9) |
| Dividends paid on convertible preferred stock | (0.8) | (50.2) |
| Employee tax withholding on vesting of restricted stock units | (37.1) | (42.9) |
| Other financing activities | 2.5 | 5.3 |
| Net cash (used in) provided by financing activities | (638.6) | 874.4 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (236.6) | 1,467.7 |
| Cash and cash equivalents and restricted cash at beginning of period | 463.8 | 2,952.6 |
| Cash and cash equivalents and restricted cash at end of period | $227.2 | $4,420.3 |
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