Kroger 2014 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 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-31
THE KROGER CO.
CO N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S
Years Ended January 31, 2015, February 1, 2014 and February 2, 2013
(In millions, except per share amounts)
2014
(52 weeks)
2013
(52 weeks)
2012
(53 weeks)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $108,465 $98,375 $96,619
Merchandise costs, including advertising, warehousing, and
transportation, excluding items shown separately below . . . . . . . . . . . . . 85,512 78,138 76,726
Operating, general and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,161 15,196 14,849
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 707 613 628
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,948 1,703 1,652
Operating Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,137 2,725 2,764
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 488 443 462
Earnings before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,649 2,282 2,302
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 902 751 794
Net earnings including noncontrolling interests . . . . . . . . . . . . . . . . . . . . 1,747 1,531 1,508
Net earnings attributable to noncontrolling interests. . . . . . . . . . . . . . . . . 19 12 11
Net earnings attributable to The Kroger Co.. . . . . . . . . . . . . . . . . . . . . . . . $ 1,728 $ 1,519 $ 1,497
Net earnings attributable to The Kroger Co. per basic common share. . . . $ 3.49 $ 2.93 $ 2.78
Average number of common shares used in basic calculation . . . . . . . . . . 490 514 533
Net earnings attributable to The Kroger Co. per diluted common share . . $ 3.44 $ 2.90 $ 2.77
Average number of common shares used in diluted calculation . . . . . . . . 497 520 537
Dividends declared per common share. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.70 $ 0.63 $ 0.53
The accompanying notes are an integral part of the consolidated financial statements.