Kroger 2010 Annual Report Download - page 114

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A-34
THE KROGER CO.
CO N S O L I D A T E D ST A T E M E N T S O F OP E R A T I O N S
Years Ended January 29, 2011, January 30, 2010 and January 31, 2009
(In millions, except per share amounts)
2010
(52 weeks)
2009
(52 weeks)
2008
(52 weeks)
Sales ....................................................... $82,189 $76,733 $76,148
Merchandise costs, including advertising, warehousing, and
transportation, excluding items shown separately below ............ 63,927 58,958 58,544
Operating, general and administrative ............................ 13,811 13,398 13,050
Rent ....................................................... 651 648 659
Depreciation and amortization .................................. 1,600 1,525 1,443
Goodwill impairment charge ................................... 18 1,113 —
Operating Profit ............................................ 2,182 1,091 2,452
Interest expense ............................................. 448 502 485
Earnings before income tax expense ............................ 1,734 589 1,967
Income tax expense........................................... 601 532 717
Net earnings including noncontrolling interests ................... 1,133 57 1,250
Net earnings (loss) attributable to noncontrolling interests........... 17 (13) 1
Net earnings attributable to The Kroger Co........................ $ 1,116 $ 70 $ 1,249
Net earnings attributable to The Kroger Co. per basic common share... $ 1.75 $ 0.11 $ 1.91
Average number of common shares used in basic calculation ......... 635 647 652
Net earnings attributable to The Kroger Co. per diluted common share ... $ 1.74 $ 0.11 $ 1.89
Average number of common shares used in diluted calculation ....... 638 650 658
Dividends declared per common share............................ $ .40 $ .37 $ .36
The accompanying notes are an integral part of the consolidated financial statements.