Kroger (KR) FY2017 results: revenue $123.3 billion, up 6.9% on the year
Kroger Co. (KR) reported revenue of $123.3 billion for fiscal 2017, the year ended 3 February 2018, up 6.9% on the year before. Net income was $1.9 billion, down 3.4%, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$123.3 billion
+6.9% on the year
FY2010FY2017
Operating margin
2.1%
3.0% a year earlier
FY2010FY2017
Net income
$1.9 billion
-3.4% on the year
FY2010FY2017
Diluted EPS
$2.09
+2.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
123,280
115,337
109,830
+6.9%
Cost of revenue
95,662
89,502
85,496
+6.9%
Gross profit
n/a
25,835
24,334
Gross margin
n/a
22.4%
22.2%
Operating income
2,612
3,452
3,576
-24.3%
Operating margin
2.1%
3.0%
3.3%
Interest expense
601
522
482
+15.1%
Pre-tax income
1,484
2,914
3,094
-49.1%
Income tax
-405
957
1,045
Effective tax rate
-27.3%
32.8%
33.8%
Net income
1,907
1,975
2,039
-3.4%
Net margin
1.5%
1.7%
1.9%
Diluted EPS
$2.09
$2.05
$2.06
+2.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,413
4,272
4,917
-20.1%
Capital expenditure
2,809
3,699
3,349
-24.1%
Free cash flow
604
573
1,568
+5.4%
Free cash flow margin
0.5%
0.5%
1.4%
Cash from investing
-2,707
-3,875
-3,570
Cash from financing
-681
-352
-1,338
Depreciation and amortisation
2,436
2,340
2,089
+4.1%
Share-based compensation
151
141
165
+7.1%
Buybacks
1,633
1,766
703
-7.5%
Dividends paid
443
429
385
+3.3%
Dividend per share
$0.49
$0.47
$0.41
+6.5%
Diluted shares, weighted
904m
958m
980m
-5.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
6,931
6,698
6,820
+3.5%
Non-controlling interest
-26.0
12.0
-22.0
Debt
15,589
14,077
12,079
+10.7%
Other liabilities
14,703
15,718
15,020
-6.5%
Total liabilities and equity
37,197
36,505
33,897
+1.9%
Fixed assets
21,071
21,016
19,619
+0.3%
Goodwill
2,925
3,031
2,724
-3.5%
Intangible assets
1,100
1,153
1,053
-4.6%
Cash and equivalents
347
322
277
+7.8%
Receivables
1,637
1,649
1,734
-0.7%
Other assets
10,117
9,334
8,490
+8.4%
Total assets
37,197
36,505
33,897
+1.9%
10-K for the year ended 3 February 2018, filed 2 April 2019: the filing.