Kroger (KR) FY2022 results: revenue $148.3 billion, up 7.5% on the year
Kroger Co. (KR) reported revenue of $148.3 billion for fiscal 2022, the year ended 28 January 2023, up 7.5% on the year before. Net income was $2.2 billion, up 35.6%, and diluted earnings per share $3.06. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2023.
Revenue
$148.3 billion
+7.5% on the year
FY2015FY2022
Operating margin
2.8%
2.5% a year earlier
FY2015FY2022
Net income
$2.2 billion
+35.6% on the year
FY2015FY2022
Diluted EPS
$3.06
+41.0% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,498
6,190
6,815
-27.3%
Capital expenditure
3,078
2,614
2,865
+17.8%
Free cash flow
1,420
3,576
3,950
-60.3%
Free cash flow margin
1.0%
2.6%
3.0%
Cash from investing
-3,015
-2,611
-2,814
Cash from financing
-2,289
-3,445
-2,713
Depreciation and amortisation
2,965
2,824
2,747
+5.0%
Share-based compensation
190
203
185
-6.4%
Buybacks
993
1,647
1,324
-39.7%
Dividends paid
682
589
534
+15.8%
Dividend per share
$0.99
$0.81
$0.70
+22.2%
Diluted shares, weighted
727m
754m
781m
-3.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,042
9,452
9,576
+6.2%
Non-controlling interest
-28.0
-23.0
-26.0
Debt
11,292
11,745
12,410
-3.9%
Operating lease liabilities
6,372
6,426
6,507
-0.8%
Finance lease liabilities
1,929
1,515
936
+27.3%
Other liabilities
20,016
19,971
19,259
+0.2%
Total liabilities and equity
49,623
49,086
48,662
+1.1%
Goodwill
2,916
3,076
3,076
-5.2%
Intangible assets
899
942
997
-4.6%
Cash and equivalents
1,015
1,821
1,687
-44.3%
Receivables
2,234
1,828
1,781
+22.2%
Other assets
42,559
41,419
41,121
+2.8%
Total assets
49,623
49,086
48,662
+1.1%
10-K for the year ended 28 January 2023, filed 28 March 2023: the filing.