Kroger (KR) FY2012 results: revenue $96.8 billion, up 7.1% on the year
Kroger Co. (KR) reported revenue of $96.8 billion for fiscal 2012, the year ended 2 February 2013, up 7.1% on the year before. Net income was $1.5 billion, up 148.7%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2013.
Revenue
$96.8 billion
+7.1% on the year
FY2007FY2012
Operating margin
2.9%
1.4% a year earlier
FY2007FY2012
Net income
$1.5 billion
+148.7% on the year
FY2007FY2012
Diluted EPS
$1.39
+174.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
96,751
90,374
82,189
+7.1%
Cost of revenue
76,858
71,494
63,927
+7.5%
Gross profit
19,893
18,880
18,262
+5.4%
Gross margin
20.6%
20.9%
22.2%
Operating income
2,764
1,278
2,182
+116.3%
Operating margin
2.9%
1.4%
2.7%
Interest expense
462
435
448
+6.2%
Pre-tax income
2,302
843
1,734
+173.1%
Income tax
794
247
601
+221.5%
Effective tax rate
34.5%
29.3%
34.7%
Net income
1,497
602
1,116
+148.7%
Net margin
1.5%
0.7%
1.4%
Diluted EPS
$1.39
$0.51
$0.87
+174.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
n/a
2,658
3,366
Capital expenditure
2,062
1,898
1,919
+8.6%
Free cash flow
n/a
760
1,447
Free cash flow margin
n/a
0.8%
1.8%
Cash from investing
n/a
n/a
-1,961
Cash from financing
n/a
n/a
-1,004
Depreciation and amortisation
1,652
1,638
1,600
+0.9%
Share-based compensation
82.0
81.0
79.0
+1.2%
Buybacks
1,261
1,547
545
-18.5%
Dividends paid
267
257
250
+3.9%
Dividend per share
$0.27
$0.22
$0.20
+20.5%
Diluted shares, weighted
1,074m
1,186m
1,276m
-9.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,207
3,981
5,296
+5.7%
Non-controlling interest
7.0
-15.0
2.0
Debt
8,879
8,165
7,892
+8.7%
Other liabilities
11,559
11,345
10,315
+1.9%
Total liabilities and equity
24,652
23,476
23,505
+5.0%
Fixed assets
14,875
14,464
14,147
+2.8%
Goodwill
1,234
1,138
1,140
+8.4%
Intangible assets
130
n/a
n/a
Cash and equivalents
238
188
825
+26.6%
Receivables
1,051
949
845
+10.7%
Other assets
7,124
6,737
6,548
+5.7%
Total assets
24,652
23,476
23,505
+5.0%
10-K for the year ended 2 February 2013, filed 2 April 2013: the filing.