Kroger 2014 Annual Report Download - page 139

Download and view the complete annual report

Please find page 139 of the 2014 Kroger 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 142

  • 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
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

A-74
NO T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S , C O N C L U D E D
Quarter
2013
First
(16 Weeks)
Second
(12 Weeks)
Third
(12 Weeks)
Fourth
(12 Weeks)
Total Year
(52 Weeks)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $29,997 $22,686 $22,470 $23,222 $98,375
Merchandise costs, including advertising,
warehousing, and transportation, excluding
items shown separately below . . . . . . . . . . . . . . . . . . 23,817 18,059 17,866 18,397 78,138
Operating, general and administrative . . . . . . . . . . . . . . . 4,593 3,506 3,537 3,558 15,196
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189 139 138 147 613
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . 519 387 395 402 1,703
Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 879 595 534 718 2,725
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129 99 108 107 443
Earnings before income tax expense . . . . . . . . . . . . . 750 496 426 611 2,282
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 266 176 125 184 751
Net earnings including noncontrolling interests . . . . . . . 484 320 301 427 1,531
Net earnings attributable to noncontrolling interests . . . . . 3 3 2 5 12
Net earnings attributable to The Kroger Co. . . . . . . . . . . $ 481 $ 317 $ 299 $ 422 $ 1,519
Net earnings attributable to The Kroger Co.
per basic common share . . . . . . . . . . . . . . . . . . . . . . . $ 0.93 $ 0.61 $ 0.58 $ 0.82 $ 2.93
Average number of shares used in basic calculation . . . . . 514 515 515 511 514
Net earnings attributable to The Kroger Co. per diluted
common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.92 $ 0.60 $ 0.57 $ 0.81 $ 2.90
Average number of shares used in diluted calculation. . . . . 520 521 521 517 520
Dividends declared per common share . . . . . . . . . . . . . . $ 0.150 $ 0.150 $ 0.165 $ 0.165 $ 0.630
Annual amounts may not sum due to rounding.
In the second quarter of 2013, the Company incurred a $3 charge to interest expense and a $2 charge to
OG&A expense due to the merger with Harris Teeter.
In the third quarter of 2013, the Company incurred a $2 charge to interest expense and a $2 charge to
OG&A expense due to the merger with Harris Teeter and a $19 benefit to income tax expense due to certain
tax items.
In the fourth quarter of 2013, the Company incurred a $6 charge to interest expense and a $12 charge to
OG&A expense due to the merger with Harris Teeter and a $21 benefit to income tax expense due to certain
tax items.