Albertsons 2013 Annual Report Download - page 54

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED SEGMENT FINANCIAL INFORMATION
(In millions)
February 23, 2013
(52 weeks)
February 25, 2012
(52 weeks)
February 26, 2011
(52 weeks)
Net sales
Retail Food $ 4,736 $ 4,921 $ 5,054
% of total 27.7% 28.4% 29.1%
Save-A-Lot 4,195 4,221 3,890
% of total 24.5% 24.3% 22.4%
Independent Business 8,166 8,194 8,413
% of total 47.8% 47.3% 48.5%
Total net sales $ 17,097 $ 17,336 $ 17,357
100.0% 100.0% 100.0%
Operating earnings (loss)
Retail Food (1) $ (420) $ (328) $ (415)
% of sales (8.9)% (6.7)% (8.2)%
Save-A-Lot (1) 146 232 197
% of sales 3.5% 5.5% 5.1%
Independent Business (1) 189 243 257
% of sales 2.3% 3.0% 3.1%
Corporate (1) (72) (51) (69)
Total operating earnings (loss) (157) 96 (30)
% of sales (0.9)% 0.6% (0.2%)
Interest expense, net 269 247 230
Loss from continuing operations before income taxes (426) (151) (260)
Income tax benefit (163) (41) (60)
Net loss from continuing operations (263) (110) (200)
Net loss from discontinued operations, net of tax (1,203) (930) (1,310)
Net loss $ (1,466) $ (1,040) $ (1,510)
Depreciation and amortization
Retail Food $ 233 $ 226 $ 217
Save-A-Lot 68 62 56
Independent Business 64 67 81
Total $ 365 $ 355 $ 354
Capital expenditures
Retail Food $ 107 $ 214 $ 146
Save-A-Lot 101 130 132
Independent Business 33 59 45
Total $ 241 $ 403 $ 323
Identifiable assets
Retail Food $ 1,695 $ 2,229 $ 2,161
Save-A-Lot 936 867 784
Independent Business 1,857 1,955 2,050
Corporate 75 84 119
Discontinued operations 6,471 6,966 8,644
Total $ 11,034 $ 12,101 $ 13,758
(1) Operating segment earnings (loss), primarily Retail Food, includes pension expense of $83, $88, $69 in fiscal 2013, 2012 and 2011 for
inactive participants in the SUPERVALU Retirement Plan. This pension expense is anticipated to be reclassified primarily to Corporate
Operating earnings (loss) for future periods to reflect the structure of the organization under which the business will be managed. Upon
the change in structure all corresponding balances for earlier periods will be recast for comparability.
During fiscal 2013, the Company disaggregated its previous reportable segment, Retail Food, into two separate reportable segments:
Retail Food and Save-A-Lot (formerly referred to the Hard Discount operating segment within the Retail Food reportable segment)
and previously reported segment information has been revised to conform to current presentation. These changes do not revise or
restate information previously reported in the Consolidated Statements of Operations, Consolidated Statements of Comprehensive
Loss, Consolidated Balance Sheets, Consolidated Statements of Stockholders’ Equity or Consolidated Statements of Cash Flows for
the Company for any period. Refer to Note 14—Segment Information in the accompanying Notes to Consolidated Financial
Statements for additional information concerning the Company’s reportable segments.
See Notes to Consolidated Financial Statements.
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