Albertsons 2010 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2010 Albertsons 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 102

  • 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

SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except per share data)
February 27, 2010
(52 weeks)
February 28, 2009
(53 weeks)
February 23, 2008
(52 weeks)
Net sales $ 40,597 $ 44,564 $ 44,048
Cost of sales 31,444 34,451 33,943
Gross profit 9,153 10,113 10,105
Selling and administrative expenses 7,952 8,746 8,421
Goodwill and intangible asset impairment charges — 3,524 —
Operating earnings (loss) 1,201 (2,157) 1,684
Interest
Interest expense 576 633 725
Interest income 7 11 18
Interest expense, net 569 622 707
Earnings (loss) before income taxes 632 (2,779) 977
Income tax provision 239 76 384
Net earnings (loss) $ 393 $ (2,855) $ 593
Net earnings (loss) per share—basic $ 1.86 $ (13.51) $ 2.80
Net earnings (loss) per share—diluted $ 1.85 $ (13.51) $ 2.76
Weighted average number of shares outstanding
Basic 212 211 211
Diluted 213 211 215
See Notes to Consolidated Financial Statements.
37