Kroger (KR) FY2016 results: revenue $115.3 billion, up 5.0% on the year
Kroger Co. (KR) reported revenue of $115.3 billion for fiscal 2016, the year ended 28 January 2017, up 5.0% on the year before. Net income was $2.0 billion, down 3.1%, and diluted earnings per share $2.05. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$115.3 billion
+5.0% on the year
FY2009FY2016
Operating margin
3.0%
3.3% a year earlier
FY2009FY2016
Net income
$2.0 billion
-3.1% on the year
FY2009FY2016
Diluted EPS
$2.05
-0.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
115,337
109,830
108,465
+5.0%
Cost of revenue
89,502
85,496
85,512
+4.7%
Gross profit
25,835
24,334
22,953
+6.2%
Gross margin
22.4%
22.2%
21.2%
Operating income
3,452
3,576
3,137
-3.5%
Operating margin
3.0%
3.3%
2.9%
Interest expense
522
482
488
+8.3%
Pre-tax income
2,914
3,094
2,649
-5.8%
Income tax
957
1,045
902
-8.4%
Effective tax rate
32.8%
33.8%
34.1%
Net income
1,975
2,039
1,728
-3.1%
Net margin
1.7%
1.9%
1.6%
Diluted EPS
$2.05
$2.06
$1.72
-0.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,272
4,917
4,215
-13.1%
Capital expenditure
3,699
3,349
2,831
+10.5%
Free cash flow
573
1,568
1,384
-63.5%
Free cash flow margin
0.5%
1.4%
1.3%
Cash from investing
-3,875
-3,570
n/a
Cash from financing
-352
-1,338
n/a
Depreciation and amortisation
2,340
2,089
1,948
+12.0%
Share-based compensation
141
165
155
-14.5%
Buybacks
1,766
703
1,283
+151.2%
Dividends paid
429
385
338
+11.4%
Dividend per share
$0.47
$0.41
$0.35
+14.0%
Diluted shares, weighted
958m
980m
994m
-2.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
6,698
6,820
5,412
-1.8%
Non-controlling interest
12.0
-22.0
30.0
Debt
14,077
12,079
11,597
+16.5%
Other liabilities
15,718
15,020
13,517
+4.6%
Total liabilities and equity
36,505
33,897
30,556
+7.7%
Fixed assets
21,016
19,619
17,912
+7.1%
Goodwill
3,031
2,724
2,304
+11.3%
Intangible assets
1,153
1,053
757
+9.5%
Cash and equivalents
322
277
268
+16.2%
Receivables
1,649
1,734
1,266
-4.9%
Other assets
9,334
8,490
8,049
+9.9%
Total assets
36,505
33,897
30,556
+7.7%
10-K for the year ended 28 January 2017, filed 2 April 2019: the filing.