78
Consolidated
statement of
cash flows
Ahold Annual Report 2012
Ahold at a glance
Our strategy
Our performance
Governan
Financials
Investors
million
Note
2012
2011
Operating income
1,187
1,347
Adjustments for:
Depreciation, amortization, write-downs and impairments
968
797
Gains on the sale of assets disposal groups held for sale
(21)
(12)
Share-based compensation expenses
40
29
Operating cash flows before changes in operating assets and liabilities
2,174
2,161
Changes in working capital:
Changes in inventories
(24)
(103)
Changes in receivables and other current assets
(9)
(7)
Changes in payables and other current liabilities
180
85
Changes in other non-current assets, other non-current liabilities and provisions
(71)
(138)
Cash generated from operations
2,250
1,998
Income taxes paid - net
(134)
(212)
Operating cash flows from continuing operations
2,116
1,786
Operating cash flows from discontinued operations
(6)
(10)
Net cash from operating activities
2,110
1,776
Payments to purchase non-current assets
(911)
(755)
Divestments of assets disposal groups held for sale
51
23
Acquisition of businesses, net of cash acquired
28
(701)
(30)
Divestment of businesses, net of cash divested
28
(43)
(13)
Changes in short-term deposits
155
71
Dividends received from joint ventures
157
130
Interest received
11
27
Other
(1)
50
Investing cash flows from continuing operations
(1,282)
(497)
Net cash from investing activities
(1,282)
(497)
Interest paid
(236)
(246)
Repayments of loans
(459)
(17)
Repayments of finance lease liabilities
(75)
(60)
Dividends paid on common shares
(415)
(328)
Share buyback
(277)
(837)
Other cash flows from derivatives
111
(19)
Other
16
6
Financing cash flows from continuing operations
(1,335)
(1,501)
Financing cash flows from discontinued operations
(4)
(4)
Net cash from financing activities
(1,339)
(1,505)
Net cash from operating, investing and financing activities
28
(511)
(226)
The accompanying notes are an integral part of these consolidated financial statements.
