Kroger (KR) FY2015 results: revenue $109.8 billion, up 1.3% on the year
Kroger Co. (KR) reported revenue of $109.8 billion for fiscal 2015, the year ended 30 January 2016, up 1.3% on the year before. Net income was $2.0 billion, up 18.0%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2016.
Revenue
$109.8 billion
+1.3% on the year
FY2008FY2015
Operating margin
3.3%
2.9% a year earlier
FY2008FY2015
Net income
$2.0 billion
+18.0% on the year
FY2008FY2015
Diluted EPS
$2.06
+19.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
109,830
108,465
98,375
+1.3%
Cost of revenue
85,496
85,512
78,138
-0.0%
Gross profit
24,334
22,953
20,237
+6.0%
Gross margin
22.2%
21.2%
20.6%
Operating income
3,576
3,137
2,725
+14.0%
Operating margin
3.3%
2.9%
2.8%
Interest expense
482
488
443
-1.2%
Pre-tax income
3,094
2,649
2,282
+16.8%
Income tax
1,045
902
751
+15.9%
Effective tax rate
33.8%
34.1%
32.9%
Net income
2,039
1,728
1,519
+18.0%
Net margin
1.9%
1.6%
1.5%
Diluted EPS
$2.06
$1.72
$1.45
+19.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,917
4,215
n/a
+16.7%
Capital expenditure
3,349
2,831
2,330
+18.3%
Free cash flow
1,568
1,384
n/a
+13.3%
Free cash flow margin
1.4%
1.3%
n/a
Cash from investing
-3,570
n/a
n/a
Cash from financing
-1,338
n/a
n/a
Depreciation and amortisation
2,089
1,948
1,703
+7.2%
Share-based compensation
165
155
107
+6.5%
Buybacks
703
1,283
609
-45.2%
Dividends paid
385
338
319
+13.9%
Dividend per share
$0.41
$0.35
$0.32
+16.6%
Diluted shares, weighted
980m
994m
1,040m
-1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,820
5,412
5,384
+26.0%
Non-controlling interest
-22.0
30.0
11.0
Debt
12,079
11,597
11,310
+4.2%
Other liabilities
15,020
13,517
12,576
+11.1%
Total liabilities and equity
33,897
30,556
29,281
+10.9%
Fixed assets
19,619
17,912
16,893
+9.5%
Goodwill
2,724
2,304
2,135
+18.2%
Intangible assets
1,053
757
702
+39.1%
Cash and equivalents
277
268
401
+3.4%
Receivables
1,734
1,266
1,116
+37.0%
Other assets
8,490
8,049
8,034
+5.5%
Total assets
33,897
30,556
29,281
+10.9%
10-K for the year ended 30 January 2016, filed 29 March 2016: the filing.