Kroger (KR) FY2011 results: revenue $90.4 billion, up 10.0% on the year
Kroger Co. (KR) reported revenue of $90.4 billion for fiscal 2011, the year ended 28 January 2012, up 10.0% on the year before. Net income was $602 million, down 46.1%, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2012.
Revenue
$90.4 billion
+10.0% on the year
FY2007FY2011
Operating margin
1.4%
2.7% a year earlier
FY2007FY2011
Net income
$602 million
-46.1% on the year
FY2007FY2011
Diluted EPS
$0.51
-42.0% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
90,374
82,189
76,733
+10.0%
Cost of revenue
71,494
63,927
58,958
+11.8%
Gross profit
18,880
18,262
17,775
+3.4%
Gross margin
20.9%
22.2%
23.2%
Operating income
1,278
2,182
1,091
-41.4%
Operating margin
1.4%
2.7%
1.4%
Interest expense
435
448
502
-2.9%
Pre-tax income
843
1,734
589
-51.4%
Income tax
247
601
532
-58.9%
Effective tax rate
29.3%
34.7%
90.3%
Net income
602
1,116
70.0
-46.1%
Net margin
0.7%
1.4%
0.1%
Diluted EPS
$0.51
$0.87
$0.06
-42.0%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,658
3,366
2,922
-21.0%
Capital expenditure
1,898
1,919
2,297
-1.1%
Free cash flow
760
1,447
625
-47.5%
Free cash flow margin
0.8%
1.8%
0.8%
Cash from investing
n/a
-1,961
-2,327
Cash from financing
n/a
-1,004
-434
Depreciation and amortisation
1,638
1,600
1,525
+2.4%
Share-based compensation
81.0
79.0
83.0
+2.5%
Buybacks
1,547
545
218
+183.9%
Dividends paid
257
250
238
+2.8%
Dividend per share
$0.22
$0.20
$0.18
+10.0%
Diluted shares, weighted
1,186m
1,276m
1,300m
-7.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,981
5,296
4,852
-24.8%
Non-controlling interest
-15.0
2.0
74.0
Debt
8,165
7,892
7,576
+3.5%
Other liabilities
11,345
10,315
10,591
+10.0%
Total liabilities and equity
23,476
23,505
23,093
-0.1%
Fixed assets
14,464
14,147
13,929
+2.2%
Goodwill
1,138
1,140
1,158
-0.2%
Cash and equivalents
188
825
424
-77.2%
Receivables
949
845
909
+12.3%
Inventory
n/a
n/a
4,935
Other assets
6,737
6,548
1,738
+2.9%
Total assets
23,476
23,505
23,093
-0.1%
10-K for the year ended 28 January 2012, filed 27 March 2012: the filing.