Kroger 2011 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 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-29
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 28, 2012, January 29, 2011 and January 30, 2010
(In millions, except per share amounts)
2011
(52 weeks)
2010
(52 weeks)
2009
(52 weeks)
Sales ........................................................ $90,374 $82,049 $76,609
Merchandise costs, including advertising, warehousing, and
transportation, excluding items shown separately below ............. 71,494 63,803 58,848
Operating, general and administrative ............................. 15,345 13,823 13,412
Rent ........................................................ 619 623 620
Depreciation and amortization ................................... 1,638 1,600 1,525
Goodwill impairment charge .................................... —18 1,113
Operating Profit ............................................. 1,278 2,182 1,091
Interest expense .............................................. 435 448 502
Earnings before income tax expense ............................. 843 1,734 589
Income tax expense............................................ 247 601 532
Net earnings including noncontrolling interests .................... 596 1,133 57
Net earnings (loss) attributable to noncontrolling interests............ (6) 17 (13)
Net earnings attributable to The Kroger Co......................... $ 602 $ 1,116 $ 70
Net earnings attributable to The Kroger Co. per basic common share.... $ 1.01 $ 1.75 $ 0.11
Average number of common shares used in basic calculation .......... 590 635 647
Net earnings attributable to The Kroger Co. per diluted common share ... $ 1.01 $ 1.74 $ 0.11
Average number of common shares used in diluted calculation ........ 593 638 650
Dividends declared per common share............................. $ 0.44 $ 0.40 $ 0.37
The accompanying notes are an integral part of the consolidated financial statements.