Kroger (KR) FY2014 results: revenue $108.5 billion, up 10.3% on the year
Kroger Co. (KR) reported revenue of $108.5 billion for fiscal 2014, the year ended 31 January 2015, up 10.3% on the year before. Net income was $1.7 billion, up 13.8%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2015.
Revenue
$108.5 billion
+10.3% on the year
FY2007FY2014
Operating margin
2.9%
2.8% a year earlier
FY2007FY2014
Net income
$1.7 billion
+13.8% on the year
FY2007FY2014
Diluted EPS
$1.72
+18.6% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
108,465
98,375
96,751
+10.3%
Cost of revenue
85,512
78,138
76,858
+9.4%
Gross profit
22,953
20,237
19,893
+13.4%
Gross margin
21.2%
20.6%
20.6%
Operating income
3,137
2,725
2,764
+15.1%
Operating margin
2.9%
2.8%
2.9%
Interest expense
488
443
462
+10.2%
Pre-tax income
2,649
2,282
2,302
+16.1%
Income tax
902
751
794
+20.1%
Effective tax rate
34.1%
32.9%
34.5%
Net income
1,728
1,519
1,497
+13.8%
Net margin
1.6%
1.5%
1.5%
Diluted EPS
$1.72
$1.45
$1.39
+18.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
4,215
n/a
n/a
Capital expenditure
2,831
2,330
2,062
+21.5%
Free cash flow
1,384
n/a
n/a
Free cash flow margin
1.3%
n/a
n/a
Depreciation and amortisation
1,948
1,703
1,652
+14.4%
Share-based compensation
155
107
82.0
+44.9%
Buybacks
1,283
609
1,261
+110.7%
Dividends paid
338
319
267
+6.0%
Dividend per share
$0.35
$0.32
$0.27
+11.1%
Diluted shares, weighted
994m
1,040m
1,074m
-4.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,412
5,384
4,207
+0.5%
Non-controlling interest
30.0
11.0
7.0
+172.7%
Debt
11,597
11,310
8,879
+2.5%
Other liabilities
13,517
12,576
11,559
+7.5%
Total liabilities and equity
30,556
29,281
24,652
+4.4%
Fixed assets
17,912
16,893
14,875
+6.0%
Goodwill
2,304
2,135
1,234
+7.9%
Intangible assets
757
702
130
+7.8%
Cash and equivalents
268
401
238
-33.2%
Receivables
1,266
1,116
1,051
+13.4%
Other assets
8,049
8,034
7,124
+0.2%
Total assets
30,556
29,281
24,652
+4.4%
10-K for the year ended 31 January 2015, filed 31 March 2015: the filing.