Kroger 2010 Annual Report Download - page 153

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A-73
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 C L U D E D
Quarter
2009
First
(16 Weeks)
Second
(12 Weeks)
Third
(12 Weeks)
Fourth
(12 Weeks)
Total Year
(52 Weeks)
Sales $22,789 $17,728 $17,662 $18,554 $76,733
Merchandise costs, including advertising,
warehousing, and transportation, excluding
items shown separately below . . . . . . . . . . . . . 17,266 13,646 13,662 14,384 58,958
Operating, general, and administrative . . . . . . . . . 4,026 3,085 3,137 3,150 13,398
Rent ..................................... 200 150 152 146 648
Depreciation and amortization ................ 453 348 356 368 1,525
Goodwill impairment charge ................. — — 1,113 —1,113
Operating profit (loss) . . . . . . . . . . . . . . . . . . . . . . 844 499 (758) 506 1,091
Interest expense ........................... 163 115 105 119 502
Earnings (loss) before income tax expense ...... 681 384 (863) 387 589
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . 250 133 13 136 532
Net earnings (loss) including
noncontrolling interests . . . . . . . . . . . . . . . . . . 431 251 (876) 251 57
Net loss attributable to noncontrolling interests . . (4) (4) (1) (4) (13)
Net earnings (loss) attributable to
The Kroger Co. . . . . . . . . . . . . . . . . . . . . . . . . . $ 435 $ 255 $ (875) $ 255 $ 70
Net earnings (loss) attributable to
The Kroger Co. per basic common share ..... $ 0.67 $ 0.39 $ (1.35) $ 0.39 $ 0.11
Average number of shares used
in basic calculation . . . . . . . . . . . . . . . . . . . . . . 648 648 646 644 647
Net earnings (loss) attributable to
The Kroger Co. per diluted common share . . . $ 0.66 $ 0.39 $ (1.35) $ 0.39 $ 0.11
Average number of shares used in
diluted calculation ....................... 651 651 646 648 650
Dividends declared per common share . . . . . . . . . $ .09 $ .09 $ .095 $ .095 $ .37
Annual amounts may not sum due to rounding.
17. SU B S E Q U E N T EV E N T S
On March 10, 2011, the Board of Directors adopted the 2011 Long-Term Incentive and Cash Bonus Plan
(the “Plan”), subject to shareholder approval. The Plan will be submitted to shareholders for approval at the
annual meeting of shareholders to be held on June 23, 2011. The Plan permits the Company to grant various
forms of equity-based awards, including nonqualified stock options and restricted stock, to employees and
to its non-employee directors. The total number of shares of common stock that can be issued under the
Plan is 20 million, with a sublimit of 8 million shares that can be issued as restricted stock and incentive
shares. The Company has the ability to convert shares otherwise available under the Plan to shares available
for restricted stock and incentive shares. For every share in excess of 8 million that is issued as restricted
stock or incentive shares, the total number of shares that can be issued under the Plan will be reduced by
four. The Plan also provides for the issuance of annual and long-term cash bonuses.