74
Consolidated statement of cash flows
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
million
Note
2011
2010
Operating income
1,347
1,336
Adjustments for:
Depreciation, amortization and impairments
797
812
Gains on the sale of assets disposal groups held for sale - net
(12)
(14)
Share-based compensation expenses
29
33
Operating cash flows before changes in operating assets and liabilities
2,161
2,167
Changes in working capital:
Changes in inventories
(103)
(43)
Changes in receivables and other current assets
(7)
(19)
Changes in payables and other current liabilities
85
205
Changes in non-current assets and liabilities
(138)
(76)
Cash generated from operations
1,998
2,234
Income taxes paid
(212)
(123)
Operating cash flows from continuing operations
1,786
2,111
Operating cash flows from discontinued operations
(10)
(8)
Net cash from operating activities
1,776
2,103
Purchase of non-current assets
(755)
(870)
Divestments of assets disposal groups held for sale
23
32
Acquisition of businesses, net of cash acquired
28
(30)
(159)
Divestment of businesses, net of cash divested
28
(13)
(34)
Changes in short-term deposits
71
85
Dividends from joint ventures
130
111
Interest received
27
15
Other
50
12
Investing cash flows from continuing operations
(497)
(808)
Net cash from investing activities
(497)
(808)
Interest paid (246) (287)
Repayments of loans (17) (419)
Repayments of finance lease liabilities (60) (54)
Dividends paid on common shares (328) (272)
Share buyback (837) (386)
Other (13) (30)
Financing cash flows from continuing operations
Financing cash flows from discontinued operations
(1,501)
(4)
(1,448)
(4)
Net cash from financing activities
(1,505)
(1,452)
Net cash from operating, investing, and financing activities 28 (226) (157)
The accompanying notes are an integral part of these consolidated financial statements.
