WEIS MARKETS, INC. CONSOLIDATED BALANCE SHEETS December 29, 2007 and December 30

Question

WEIS MARKETS, INC. CONSOLIDATED BALANCE SHEETS December 29, 2007 and December 30, 2006 dollars in thousands) Assets Current: 2007 2006 Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Prepaid expenses Income taxes recoverable 26,182 48,460 193,732 3,317 $ 41,187 27,545 38,163 41,885 189,468 3,932 Total current assets Property and equipment, net Goodwill Intangible and other assets, net 499,246 15,722 492,543 15,722 140 Total assets Liabilities Current Accounts payable Accrued expenses Accrued self-insurance Payable to employee benefit plans Income taxes payable Deferred income taxes S 111,555 S 105,859 22,307 22,778 1,435 865 23,036 23,442 1,400 Total current liabilities Postretirement benefit obligations Deferred income taxes 14,027 12,912 Total liabilities Shareholders' Equity Common stock, no par value, 100,800,000 shares authorized, 33,044,357 and 33,009,046 shares issued, respectively Retained earnings Accumlated other comprehensive income, net 9,830 779,760 8,595 760,531 6.084 775,210 796,929 Treasury stock at cost, 6,077,311 and 6,016,291 shares, Total shareholders' equity Total liabilities and shareholders' equity (148.701) 146.047 648,228 629.163 S 840,062 S 814.062

Explanation / Answer

Consolidated statement of cash flows Cash flows from operating activities Net Income 50990 Adjustments Depreciation 54187 Amortization of intangibles 655 Gain on disposition of fixed assets -8031 Gain on sale of marketable securities -6 Changes in operating assets and liabilities Accounts receivable -6575 Inventory -4264 Prepaid expenses 615 Income taxes recoverable -8074 Accounts payable and other liabilities 5696 Accrued expenses 729 Accrued self insurance 664 Payable to employee benefit plans -35 Income taxes payable -865 Retirement benefit obligation 1115 Deferred income taxes -362 Net Cash provided by operating cash flows 86439 Cash flows from Investing activities Purchase of property and equipment -64233 Proceeds from sale of property and equipment 11374 Purchase of marketable securities 0 Sale of marketable securities 12790 Net Cash used in investing activities -40069 Cash flows from financing activites Proceeds from issuance of common stock 1235 Dividends paid -31309 Purchase of treasury stock -2654 Net cash used in financing activites -32728 Net increase/(decrease) in cash/cash equivalents 13642 Cash and cash equivalents at the beginning of the year 27545 Cash and cash equivalents at the end of the year 41187 I have adjusted the change in accounting and its tax effect in sale of marketable securities The net impact of (1255-452) has to be given. If you know that the accounting has been changed with respect to any item, you can adjust the $803(1255-452) with that item.

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