Kroger (KR) FY2013 results: revenue $98.4 billion, up 1.7% on the year
Kroger Co. (KR) reported revenue of $98.4 billion for fiscal 2013, the year ended 1 February 2014, up 1.7% on the year before. Net income was $1.5 billion, up 1.5%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 1 April 2014.
Revenue
$98.4 billion
+1.7% on the year
FY2007FY2013
Operating margin
2.8%
2.9% a year earlier
FY2007FY2013
Net income
$1.5 billion
+1.5% on the year
FY2007FY2013
Diluted EPS
$1.45
+4.7% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
98,375
96,751
90,374
+1.7%
Cost of revenue
78,138
76,858
71,494
+1.7%
Gross profit
20,237
19,893
18,880
+1.7%
Gross margin
20.6%
20.6%
20.9%
Operating income
2,725
2,764
1,278
-1.4%
Operating margin
2.8%
2.9%
1.4%
Interest expense
443
462
435
-4.1%
Pre-tax income
2,282
2,302
843
-0.9%
Income tax
751
794
247
-5.4%
Effective tax rate
32.9%
34.5%
29.3%
Net income
1,519
1,497
602
+1.5%
Net margin
1.5%
1.5%
0.7%
Diluted EPS
$1.45
$1.39
$0.51
+4.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
n/a
n/a
2,658
Capital expenditure
2,330
2,062
1,898
+13.0%
Free cash flow
n/a
n/a
760
Free cash flow margin
n/a
n/a
0.8%
Depreciation and amortisation
1,703
1,652
1,638
+3.1%
Share-based compensation
107
82.0
81.0
+30.5%
Buybacks
609
1,261
1,547
-51.7%
Dividends paid
319
267
257
+19.5%
Dividend per share
$0.32
$0.27
$0.22
+18.9%
Diluted shares, weighted
1,040m
1,074m
1,186m
-3.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,384
4,207
3,981
+28.0%
Non-controlling interest
11.0
7.0
-15.0
+57.1%
Debt
11,310
8,879
8,165
+27.4%
Other liabilities
12,576
11,559
11,345
+8.8%
Total liabilities and equity
29,281
24,652
23,476
+18.8%
Fixed assets
16,893
14,875
14,464
+13.6%
Goodwill
2,135
1,234
1,138
+73.0%
Intangible assets
702
130
n/a
+440.0%
Cash and equivalents
401
238
188
+68.5%
Receivables
1,116
1,051
949
+6.2%
Other assets
8,034
7,124
6,737
+12.8%
Total assets
29,281
24,652
23,476
+18.8%
10-K for the year ended 1 February 2014, filed 1 April 2014: the filing.