Kroger (KR) FY2010 results: revenue $82.2 billion, up 7.1% on the year
Kroger Co. (KR) reported revenue of $82.2 billion for fiscal 2010, the year ended 29 January 2011, up 7.1% on the year before. Net income was $1.1 billion, up 1494.3%, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2011.
Revenue
$82.2 billion
+7.1% on the year
FY2007FY2010
Operating margin
2.7%
1.4% a year earlier
FY2007FY2010
Net income
$1.1 billion
+1,494.3% on the year
FY2007FY2010
Diluted EPS
$0.87
+1,481.8% on the year
FY2007FY2010
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Revenue
82,189
76,733
76,148
+7.1%
Cost of revenue
63,927
58,958
58,544
+8.4%
Gross profit
18,262
17,775
17,604
+2.7%
Gross margin
22.2%
23.2%
23.1%
Operating income
2,182
1,091
2,452
+100.0%
Operating margin
2.7%
1.4%
3.2%
Interest expense
448
502
485
-10.8%
Pre-tax income
1,734
589
1,967
+194.4%
Income tax
601
532
717
+13.0%
Effective tax rate
34.7%
90.3%
36.5%
Net income
1,116
70.0
1,249
+1,494.3%
Net margin
1.4%
0.1%
1.6%
Diluted EPS
$0.87
$0.06
$0.94
+1,481.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Operating cash flow
3,366
2,922
2,896
+15.2%
Capital expenditure
1,919
2,297
2,149
-16.5%
Free cash flow
1,447
625
747
+131.5%
Free cash flow margin
1.8%
0.8%
1.0%
Cash from investing
-1,961
-2,327
-2,179
Cash from financing
-1,004
-434
-769
Depreciation and amortisation
1,600
1,525
1,443
+4.9%
Share-based compensation
79.0
83.0
91.0
-4.8%
Buybacks
545
218
637
+150.0%
Dividends paid
250
238
227
+5.0%
Dividend per share
$0.20
$0.18
$0.18
+8.1%
Diluted shares, weighted
1,276m
1,300m
1,316m
-1.8%
Balance sheet
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Shareholders' equity
5,296
4,852
5,205
+9.2%
Non-controlling interest
2.0
74.0
95.0
-97.3%
Debt
7,892
7,576
7,460
+4.2%
Other liabilities
10,315
10,591
10,451
-2.6%
Total liabilities and equity
23,505
23,093
23,211
+1.8%
Fixed assets
14,147
13,929
13,161
+1.6%
Goodwill
1,140
1,158
2,271
-1.6%
Cash and equivalents
825
424
263
+94.6%
Receivables
845
909
944
-7.0%
Inventory
n/a
4,935
n/a
Other assets
6,548
1,738
6,572
+276.8%
Total assets
23,505
23,093
23,211
+1.8%
10-K for the year ended 29 January 2011, filed 29 March 2011: the filing.