Kroger (KR) FY2020 results: revenue $132.5 billion, up 8.4% on the year
Kroger Co. (KR) reported revenue of $132.5 billion for fiscal 2020, the year ended 30 January 2021, up 8.4% on the year before. Net income was $2.6 billion, up 55.8%, and diluted earnings per share $3.27. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2021.
Revenue
$132.5 billion
+8.4% on the year
FY2013FY2020
Operating margin
2.1%
1.8% a year earlier
FY2013FY2020
Net income
$2.6 billion
+55.8% on the year
FY2013FY2020
Diluted EPS
$3.27
+60.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
132,498
122,286
121,852
+8.4%
Cost of revenue
101,597
95,294
95,103
+6.6%
Gross profit
30,901
26,992
26,749
+14.5%
Gross margin
23.3%
22.1%
22.0%
Operating income
2,780
2,251
2,614
+23.5%
Operating margin
2.1%
1.8%
2.1%
Interest expense
544
603
620
-9.8%
Pre-tax income
3,370
1,981
3,978
+70.1%
Income tax
782
469
900
+66.7%
Effective tax rate
23.2%
23.7%
22.6%
Net income
2,585
1,659
3,110
+55.8%
Net margin
2.0%
1.4%
2.6%
Diluted EPS
$3.27
$2.04
$3.76
+60.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
6,815
4,664
4,164
+46.1%
Capital expenditure
2,865
3,128
2,967
-8.4%
Free cash flow
3,950
1,536
1,197
+157.2%
Free cash flow margin
3.0%
1.3%
1.0%
Cash from investing
-2,814
-2,611
-1,186
Cash from financing
-2,713
-2,083
-2,896
Depreciation and amortisation
2,747
2,649
2,465
+3.7%
Share-based compensation
185
155
154
+19.4%
Buybacks
1,324
465
2,010
+184.7%
Dividends paid
534
486
437
+9.9%
Dividend per share
$0.70
$0.62
$0.55
+12.9%
Diluted shares, weighted
781m
805m
818m
-3.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
9,576
8,602
7,886
+11.3%
Non-controlling interest
-26.0
-29.0
-51.0
Debt
12,410
13,256
14,351
-6.4%
Operating lease liabilities
6,507
6,505
n/a
+0.0%
Finance lease liabilities
936
781
824
+19.8%
Other liabilities
19,259
16,141
15,108
+19.3%
Total liabilities and equity
48,662
45,256
38,118
+7.5%
Fixed assets
n/a
21,871
21,635
Goodwill
3,076
3,076
3,087
0.0%
Intangible assets
997
1,066
1,258
-6.5%
Cash and equivalents
1,687
399
429
+322.8%
Receivables
1,781
1,706
1,589
+4.4%
Other assets
41,121
17,138
10,120
+139.9%
Total assets
48,662
45,256
38,118
+7.5%
10-K for the year ended 30 January 2021, filed 30 March 2021: the filing.