Albertsons 2015 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2015 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 120

  • 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

57
SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
Fiscal Years Ended
February 28, 2015
(53 weeks)
February 22, 2014
(52 weeks)
February 23, 2013
(52 weeks)
Net sales $ 17,820 $ 17,153 $ 17,136
Cost of sales 15,242 14,623 14,803
Gross profit 2,578 2,530 2,333
Selling and administrative expenses 2,154 2,107 2,477
Goodwill and intangible asset impairment charge — — 6
Operating earnings (loss) 424 423 (150)
Interest
Interest expense 244 407 272
Interest (income) (1) — (3)
Interest expense, net 243 407 269
Equity in earnings of unconsolidated affiliates (4) (2) (3)
Earnings (loss) from continuing operations before income taxes 185 18 (416)
Income tax provision (benefit) 58 5 (163)
Net earnings (loss) from continuing operations 127 13 (253)
Income (loss) from discontinued operations, net of tax 72 176 (1,203)
Net earnings (loss) including noncontrolling interests 199 189 (1,456)
Less net earnings attributable to noncontrolling interests (7) (7) (10)
Net earnings (loss) attributable to SUPERVALU INC. $ 192 $ 182 $ (1,466)
Basic net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations $ 0.46 $ 0.02 $ (1.24)
Discontinued operations $ 0.28 $ 0.69 $ (5.67)
Basic net earnings per share $ 0.74 $ 0.71 $ (6.91)
Diluted net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations $ 0.45 $ 0.02 $ (1.24)
Discontinued operations $ 0.27 $ 0.68 $ (5.67)
Diluted net earnings per share $ 0.73 $ 0.70 $ (6.91)
Weighted average number of shares outstanding:
Basic 260 255 212
Diluted 264 258 212
See Notes to Consolidated Financial Statements.