Kroger (KR) FY2018 results: revenue $121.9 billion, down 1.2% on the year
Kroger Co. (KR) reported revenue of $121.9 billion for fiscal 2018, the year ended 2 February 2019, down 1.2% on the year before. Net income was $3.1 billion, up 63.1%, and diluted earnings per share $3.76. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$121.9 billion
-1.2% on the year
FY2011FY2018
Operating margin
2.1%
2.1% a year earlier
FY2011FY2018
Net income
$3.1 billion
+63.1% on the year
FY2011FY2018
Diluted EPS
$3.76
+79.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
121,852
123,280
115,337
-1.2%
Cost of revenue
95,103
95,662
89,502
-0.6%
Gross profit
26,749
n/a
25,835
Gross margin
22.0%
n/a
22.4%
Operating income
2,614
2,612
3,452
+0.1%
Operating margin
2.1%
2.1%
3.0%
Interest expense
620
601
522
+3.2%
Pre-tax income
3,978
1,484
2,914
+168.1%
Income tax
900
-405
957
Effective tax rate
22.6%
-27.3%
32.8%
Net income
3,110
1,907
1,975
+63.1%
Net margin
2.6%
1.5%
1.7%
Diluted EPS
$3.76
$2.09
$2.05
+79.9%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
4,164
3,413
4,272
+22.0%
Capital expenditure
2,967
2,809
3,699
+5.6%
Free cash flow
1,197
604
573
+98.2%
Free cash flow margin
1.0%
0.5%
0.5%
Cash from investing
-1,186
-2,707
-3,875
Cash from financing
-2,896
-681
-352
Depreciation and amortisation
2,465
2,436
2,340
+1.2%
Share-based compensation
154
151
141
+2.0%
Buybacks
2,010
1,633
1,766
+23.1%
Dividends paid
437
443
429
-1.4%
Dividend per share
$0.55
$0.49
$0.47
+10.1%
Diluted shares, weighted
818m
904m
958m
-9.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
7,886
6,931
6,698
+13.8%
Non-controlling interest
-51.0
-26.0
12.0
Debt
14,351
15,589
14,077
-7.9%
Finance lease liabilities
824
n/a
n/a
Other liabilities
15,108
14,703
15,718
+2.8%
Total liabilities and equity
38,118
37,197
36,505
+2.5%
Fixed assets
21,635
21,071
21,016
+2.7%
Goodwill
3,087
2,925
3,031
+5.5%
Intangible assets
1,258
1,100
1,153
+14.4%
Cash and equivalents
429
347
322
+23.6%
Receivables
1,589
1,637
1,649
-2.9%
Other assets
10,120
10,117
9,334
+0.0%
Total assets
38,118
37,197
36,505
+2.5%
10-K for the year ended 2 February 2019, filed 2 April 2019: the filing.