Kroger 2010 Annual Report Download - page 152
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A-72
NO T E S T O CO N S O L I D A T E D FI N A N C I A L ST A T E M E N T S , CO N T I N U E D
15. I N V E S T M E N T IN VA R I A B L E IN T E R E S T EN T I T Y
In February 2010, the Company purchased the remaining interest of The Little Clinic LLC for $86.
Since The Little Clinic LLC was consolidated as a VIE prior to the February 2010 purchase, the Company
recorded the additional investment as an equity transaction. Accordingly, no gain or loss was recorded on
the additional investment. As of the purchase date, the Company continued to consolidate The Little Clinic
LLC as a wholly-owned subsidiary.
16. QU A R T E R L Y DA T A (UN A U D I T E D )
The two tables that follow reflect the unaudited results of operations for 2010 and 2009.
Quarter
2010
First
(16 Weeks)
Second
(12 Weeks)
Third
(12 Weeks)
Fourth
(12 Weeks)
Total Year
(52 Weeks)
Sales ................................... $24,779 $18,788 $18,694 $19,928 $82,189
Merchandise costs, including advertising,
warehousing, and transportation,
excluding items shown
separately below ...................... 19,191 14,577 14,575 15,584 63,927
Operating, general, and administrative ..... 4,187 3,200 3,191 3,233 13,811
Rent ................................... 200 149 154 148 651
Depreciation and amortization ............ 478 368 368 386 1,600
Goodwill impairment charge ............. ———18 18
Operating profit ......................... 723 494 406 559 2,182
Interest expense ......................... 132 102 103 111 448
Earnings before income tax expense ....... 591 392 303 448 1,734
Income tax expense ..................... 216 124 96 165 601
Net earnings including
noncontrolling interests ............... 375 268 207 283 1,133
Net earnings attributable to
noncontrolling interests ............... 1 6 5 5 17
Net earnings attributable to
The Kroger Co. ....................... $ 374 $ 262 $ 202 $ 278 $ 1,116
Net earnings attributable to
The Kroger Co. per basic
common share ....................... $ 0.58 $ 0.41 $ 0.32 $ 0.44 $ 1.75
Average number of shares used in
basic calculation ...................... 641 637 633 627 635
Net earnings attributable to
The Kroger Co. per diluted
common share ....................... $ 0.58 $ 0.41 $ 0.32 $ 0.44 $ 1.74
Average number of shares used in
diluted calculation .................... 645 640 636 631 638
Dividends declared per common share ..... $ .095 $ .095 $ .105 $ .105 $ .40
Annual amounts may not sum due to rounding.