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Consolidated statements of cash flows of Royal Ahold
(Amounts in thousands)
1999
USD
1999
EUR
1998
EUR
Cash flows from operating activities
Net earnings
757,714
752,107
547,199
Adjustments to reconcile net earnings to net cash provided by operating activities:
Minority interests in results
Depreciation and amortization
Result divestment of subsidiaries
Unremitted earnings of unconsolidated subsidiaries
Changes in:
Receivables
Inventories
Other current liabilities
Deferred income taxes
Other provisions
20,962
874,595
1,861
(3,279)
(46,050)
(258,254)
515,829
(37,587)
(82,900)
20,807
868,123
1,847
(3,255)
(45,709)
(256,343)
512,012
(37,309)
(82,286)
39,099
672,991
(6,827)
(241,401)
(52,133)
221,004
52,695
25,068
1,742,891
1,729,994
1,257,695
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Divestments of tangible fixed assets
Acquisition of consolidated subsidiaries
Acquisition of interests in unconsolidated subsidiaries
Divestment of subsidiaries
(31,083)
(1,745,716)
150,945
(705,064)
(18,631)
21,054
(30,853)
(1,732,798)
149,828
(699,846)
(18,493)
20,898
(26,426)
(1,319,514)
143,616
(3,069,231)
(31,220)
21,305
(2,328,495)
(2,311,264)
(4,281,470)
Cash flows from financing activities
Net proceeds from issuance of common shares
Net proceeds from issuance of cumulative preferred financing shares
Net proceeds from issuance of convertible subordinated notes
Proceeds from exercised stock options
Increase in minority interests
Proceeds from long-term debt
Repayments of long-term debt
Repayments of capitalized lease commitments
Change in short-term loans payable
Issuance of loans receivable
Repayment of loans receivable
Change in amounts due from unconsolidated subsidiaries
Payment of dividend on common shares
Payment of dividend on cumulative preferred financing shares
20,991
328,301
1,385,370
(1,115,172)
(53,438)
341,994
(45,744)
27,827
29,222
(34,779)
(12,060)
20,836
325,872
1,375,118
(1,106,920)
(53,043)
339,463
(45,405)
27,621
29,006
(34,522)
(11,971)
2,181,640
73,035
678,402
36,480
77,679
1,217,512
(961,016)
(38,539)
70,526
(60,924)
78,657
(11,544)
(16,651)
(8,326)
872,512
866,055
3,316,931
Exchange rate differences
44,514
44,184
(128,872)
Net change in cash
331,422
328,969
164,284
Cash and cash equivalents at beginning of fiscal year
Cash brought in through acquisitions and new consolidations
523,267
39,520
519,395
39,228
297,093
58,018
Cash and cash equivalents at end of the fiscal year
894,209
887,592
519,395
Note: Dollar figures herein are translated for reader convenience from the underlying Euro figures at EUR 0.9926 per USD
Royal Ahold Annual Report 1999
