Albertsons 2013 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2013 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 132

  • 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
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
February 23, 2013
(52 weeks)
February 25, 2012
(52 weeks)
February 26, 2011
(52 weeks)
Net sales $ 17,097 $ 17,336 $ 17,357
Cost of sales 14,803 14,926 14,957
Gross profit 2,294 2,410 2,400
Selling and administrative expenses 2,445 2,222 2,320
Goodwill and intangible asset impairment charges 6 92 110
Operating earnings (loss) (157) 96 (30)
Interest
Interest expense 272 251 235
Interest (income) (3) (4) (5)
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)
Loss from discontinued operations, net of tax (1,203) (930) (1,310)
Net loss $ (1,466) $ (1,040) $ (1,510)
Basic and diluted net loss per share
Continuing operations $ (1.24) $ (0.52) $ (0.94)
Discontinued operations (5.67) (4.39) (6.19)
Net loss per share $ (6.91) $ (4.91) $ (7.13)
Weighted average number of shares outstanding
Basic 212 212 212
Diluted 212 212 212
See Notes to Consolidated Financial Statements.
53