Albertsons 2016 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2016 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 125

  • 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

59
SUPERVALU INC. and Subsidiaries
CONSOLIDATED SEGMENT FINANCIAL INFORMATION
(In millions)
Fiscal Years Ended
February 27, 2016
(52 weeks) February 28, 2015
(53 weeks) February 22, 2014
(52 weeks)
Net sales
Wholesale $ 7,935 $ 8,198 $ 8,102
% of total 45.3% 45.8% 47.0%
Save-A-Lot 4,623 4,641 4,255
% of total 26.4% 25.8% 24.6%
Retail 4,769 4,884 4,655
% of total 27.2% 27.3% 27.0%
Corporate 202 194 240
% of total 1.1% 1.1% 1.4%
Total net sales $ 17,529 $ 17,917 $ 17,252
100.0% 100.0% 100.0%
Operating earnings
Wholesale $ 230 $ 243 $ 235
% of Wholesale sales 2.9% 3.0% 2.9%
Save-A-Lot 129 153 167
% of Save-A-Lot sales 2.8% 3.3% 3.9%
Retail 94 122 77
% of Retail sales 2.0% 2.5% 1.7%
Corporate 1 (94) (56)
Total operating earnings 454 424 423
% of total net sales 2.6% 2.4% 2.5%
Interest expense, net 196 243 407
Equity in earnings of unconsolidated affiliates (5) (4) (2)
Earnings from continuing operations before income taxes 263 185 18
Income tax provision 85 58 5
Net earnings from continuing operations 178 127 13
Income from discontinued operations, net of tax 8 72 176
Net earnings including noncontrolling interests 186 199 189
Less net earnings attributable to noncontrolling interests (8) (7) (7)
Net earnings attributable to SUPERVALU INC. $ 178 $ 192 $ 182
Depreciation and amortization
Wholesale $ 49 $ 48 $ 51
Save-A-Lot 71 65 64
Retail 153 172 187
Corporate 3 — —
Total $ 276 $ 285 $ 302
Capital expenditures
Wholesale $ 69 $ 70 $ 24
Save-A-Lot 122 97 42
Retail 90 73 47
Total $ 281 $ 240 $ 113
Identifiable assets
Wholesale $ 1,998 $ 1,997 $ 1,964
Save-A-Lot 1,045 1,028 925
Retail 1,327 1,381 1,367
Corporate — 28 27
Total $ 4,370 $ 4,434 $ 4,283
Refer to Note 15—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.