Amendment No. 3 to Form S-1 Tabk of Contents The computation of Adjusted EBITDA from Continuing Operations is provided below. Adjusted EBITDA from Continuing Operations should not be considered as an alternative to income from continuing operations, net of tax, or cash flow from operating activities (which are determined in accordance with GAAP). Other companies may define Adjusted EBITDA differently and, as a result, such measures may not be comparable to Safeway's Adjusted EBITDA from Continuing Operations (dollars in millions). Fiscal 2014 Fiscal 2013 Fiscal 2012 Income from continuing operations, net of tax (1) $ 103.2 $ 217.1 $ 249.2 Noncontrolling interest — — 0.3 Income taxes 61.8 34.5 113.0 Interest expense 198.9 273.0 300.6 Depreciation expense 921.5 922.2 952.8 LIFO (income) / expense (5.0) (14.3) 0.7 Share-based employee compensation 24.7 50.4 48.4 Property impairment charges 56.1 35.6 33.6 Equity in earnings of unconsolidated affiliate (16.2) (17.6) (17.5) Dividend from unconsolidated affiliate 9.0 3.8 0.7 Impairment of notes receivables - 30.0 — Loss on foreign currency translation 131.2 57.4 — Loss on extinguishment of debt 84.4 10.1 — Acquisition and integration costs 48.8 0.5 — Total Adjusted EBITDA from Continuing Operations $1,618.4 $1,602.7 $1,681.8 (1) Excludes discontinued operations of Blackhawk, Dominick's and Canada Safeway. Liquidity and Financial Resources Safeway's net cash flow provided by operating activities was $1,387.7 million in fiscal 2014, $1,071.4 million in fiscal 2013 and $1,226.5 million in fiscal 2012. Net cash flow from operating activities increased in fiscal 2014 compared to fiscal 2013 primarily due to higher income taxes paid in fiscal 2013. The decrease in Safeway's net cash flow provided by operating activities in fiscal 2013 from fiscal 2012 was due primarily to income taxes paid from continuing operations. Safeway's cash contributions to Safew