- 20 -
Accounts payable & accrued
expenses $26,173 $12,252 $7,228
Other liabilities & deferred
credits (877) (2,404) (2,166)
Other assets & liabilities, net (313) 1,849 (10)
NET CASH PROVIDED BY OPERATING
ACTIVITIES 49,677 134,343 77,455
CASH-FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (101,328) (87,359) (74,580)
Proceeds from sale of property &
equipment 2,042 7,260 6,766
Investments (111) (11,185) (2,319)
Change in amounts due to/from
affiliates 1,279 (27,728) (2,571)
NET CASH USED FOR INVESTING ACTIVITIES (98,118) (119,012) (72,704)
CASH-FLOWS FROM FINANCING ACTIVITIES
Long-term debt proceeds 100,000 112,989 40,511
Long-term debt repayments (52,121) (120,140) (41,888)
Purchase of Treasury stock (884) (1,271) (1,638)
NET CASH PROVIDED BY (USED FOR)
FINANCING ACTIVITIES 46,995 (8,422) (3,015)
NET CHANGE IN CASH & EQUIVALENTS (1,446) 6,909 1,736
CASH & EQUIVALENTS, beginning of year 22,366 15,457 13,721
CASH & EQUIVALENTS, end of year 20,920 22,366 15,457
SUPPLEMENTAL DISCLOSURE OF CASH-FLOW
INFORMATION
Income taxes paid 11,023 8,273 1,414
Interest paid, net of amount
capitalized 32,083 27,134 37,171
SUPPLEMENTAL DISCLOSURE OF NONCASH
INVESTING & FINANCING ACTIVITIES
Asset acquisitions through
assumption of liabilities 13,292 19,719 10,087
Asset acquisitions for noncash
consideration 4,406 --- ---
Exchange of receivables for stock 895 1,250 650
Exchange of inventory for noncash
consideration --- 4,400 4,435
H. Industry Conditions and J.R. Simplot Co.'s Prospects
Between 1983 and 1993, J.R. Simplot Co. began facing a number
of stronger competitors, such as Lamb-Weston, Ore-Ida, and
Universal Foods. (The trend involved large companies such as Ore-
Ida Foods purchasing a small potato plant; subsequently, Ore-Ida
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