Kroger 2011 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2011 Kroger annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

A-65
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
16 . 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.
17. 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 2011 and 2010.
Quarter
2011
First
(16 Weeks)
Second
(12 Weeks)
Third
(12 Weeks)
Fourth
(12 Weeks)
Total Year
(52 Weeks)
Sales ......................................... $27,461 $20,913 $20,594 $21,406 $90,374
Merchandise costs, including advertising,
warehousing, and transportation,
excluding items shown separately below ........ 21,624 16,555 16,358 16,957 71,494
Operating, general, and administrative ............ 4,335 3,353 3,318 4,339 15,345
Rent ......................................... 192 143 141 143 619
Depreciation and amortization ................... 499 374 372 393 1,638
Operating profit (loss) ....................... 811 488 405 (426) 1,278
Interest expense ............................... 138 97 99 101 435
Earnings before income tax expense (loss) ...... 673 391 306 (527) 843
Income tax expense (benefit) .................... 252 108 108 (221) 247
Net earnings (loss) including noncontrolling
interests ................................... 421 283 198 (306) 596
Net earnings (loss) attributable to noncontrolling
interests ................................... (11) 2 2 1 (6)
Net earnings (loss) attributable to The Kroger Co. ... $ 432 $ 281 $ 196 $ (307) $ 602
Net earnings (loss) attributable to The Kroger Co.
per basic common share...................... $ 0.71 $ 0.47 $ 0.33 $ (0.54) $ 1.01
Average number of shares used in basic calculation.. 608 596 583 565 590
Net earnings (loss) attributable to The Kroger Co.
per diluted common share .................... $ 0.70 $ 0.46 $ 0.33 $ (0.54) $ 1.01
Average number of shares used in diluted calculation 612 600 586 565 593
Dividends declared per common share ............ $ 0.105 $ 0.105 $ 0.115 $ 0.115 $ 0.44
Annual amounts may not sum due to rounding.