The Kroger Co. Financial Statements — KR Stock

Income Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	82,049	90,269	96,619	98,375	108,465	109,830	115,337	123,280	121,852	122,286	132,498	137,888	148,258	150,039	147,123
+ Sales & Services Revenue	82,049	90,269	96,619	98,375	108,465	109,830	115,337	123,280	121,852	122,286	132,498	137,888	148,258	150,039	147,123
- Cost of Revenue	63,803	71,389	76,726	78,138	85,512	85,496	89,502	95,811	95,103	95,294	101,597	107,539	116,480	116,675	113,720
+ Cost of Goods & Services	63,803	71,389	76,726	78,138	85,512	85,496	89,502	95,811	95,103	95,294	101,597	107,539	116,480	116,675	113,720
Gross Profit	18,246	18,880	19,893	20,237	22,953	24,334	25,835	27,469	26,749	26,992	30,901	30,349	31,778	33,364	33,403
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	16,046	17,602	17,129	17,512	19,816	20,758	22,383	24,857	24,135	24,741	28,121	26,872	27,652	30,268	29,554
+ Selling, General & Admin	623	619	628	613	707	723	881	911	884	884	874	845	839	891	877
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	15,423	16,983	16,501	16,899	19,109	20,035	21,502	23,946	23,251	23,857	27,247	26,027	26,813	29,377	28,677
Operating Income (Loss)	2,200	1,278	2,764	2,725	3,137	3,576	3,452	2,612	2,614	2,251	2,780	3,477	4,126	3,096	3,849
- Non-Operating (Income) Loss	466	435	462	443	488	482	538	1,128	-1,364	270	-590	1,426	1,224	260	507
+ Interest Expense, Net	448	435	462	443	488	482	522	601	620	603	544	571	535	441	450
+ Interest Expense	448	435	462	443	488	482	522	601	620	603	544	571	535	441	450
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	18	- -	- -	- -	- -	- -	16	527	-1,984	-333	-1,134	855	689	-181	57
Pretax Income	1,734	843	2,302	2,282	2,649	3,094	2,914	1,484	3,978	1,981	3,370	2,051	2,902	2,836	3,342
- Income Tax Expense (Benefit)	601	247	794	751	902	1,045	957	-405	900	469	782	385	653	667	670
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,133	596	1,508	1,531	1,747	2,049	1,957	1,889	3,078	1,512	2,588	1,666	2,249	2,169	2,672
- Net Extraordinary Losses (Gains)	34	-12	22	24	38	20	-36	-36	-64	-294	6	22	10	10	14
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	34	-12	22	24	38	20	-36	-36	-64	-294	6	22	10	10	14
Income (Loss) Incl. MI	1,099	608	1,486	1,507	1,709	2,029	1,993	1,925	3,142	1,806	2,582	1,644	2,239	2,159	2,658
- Minority Interest	-17	6	-11	-12	-19	-10	18	18	32	147	-3	-11	-5	-5	-7
Net Income, GAAP	1,116	602	1,497	1,519	1,728	2,039	1,975	1,907	3,110	1,659	2,585	1,655	2,244	2,164	2,665
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,116	602	1,497	1,519	1,728	2,039	1,975	1,907	3,110	1,659	2,585	1,655	2,244	2,164	2,665
Basic Weighted Avg Shares	1,270	1,179	1,067	1,028	980	966	942	895	810	799	773	744	718	718	- -
Basic EPS, GAAP	0.88	0.51	1.4	1.48	1.76	2.11	2.1	2.13	3.84	2.08	3.34	2.22	3.13	3.01	- -
Basic EPS from Cont Ops	0.89	0.51	1.41	1.49	1.78	2.12	2.08	2.11	3.8	1.89	3.35	2.24	3.13	3.02	- -
Diluted Weighted Avg Shares	1,277	1,186	1,073	1,040	994	980	958	904	818	805	781	754	727	725	- -
Diluted EPS, GAAP	0.87	0.51	1.39	1.46	1.74	2.08	2.06	2.11	3.8	2.06	3.31	2.19	3.09	2.98	- -
Diluted EPS from Cont Ops	0.89	0.5	1.41	1.47	1.76	2.09	2.04	2.09	3.76	1.88	3.31	2.21	3.09	2.99	- -
EBITDA	3,800	2,916	4,416	4,428	5,085	5,665	5,792	5,048	5,079	5,540	6,153	6,906	7,705	6,846	7,698
EBITDA Margin (%)	4.63	3.23	4.57	4.5	4.69	5.16	5.02	4.09	4.17	4.53	4.64	5.01	5.2	4.56	5.23
EBITA	2,200	1,278	2,764	2,725	3,137	3,576	3,452	2,612	2,614	2,251	2,780	3,477	4,126	3,096	3,849
EBIT	2,200	1,278	2,764	2,725	3,137	3,576	3,452	2,612	2,614	2,251	2,780	3,477	4,126	3,096	3,849
Gross Margin (%)	22.24	20.92	20.59	20.57	21.16	22.16	22.4	22.28	21.95	22.07	23.32	22.01	21.43	22.24	22.7
Operating Margin (%)	2.68	1.42	2.86	2.77	2.89	3.26	2.99	2.12	2.15	1.84	2.1	2.52	2.78	2.06	2.62
Profit Margin (%)	1.36	0.67	1.55	1.54	1.59	1.86	1.71	1.55	2.55	1.36	1.95	1.2	1.51	1.44	1.81
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.2	0.22	0.25	0.31	0.34	0.4	0.46	0.49	0.54	0.61	0.69	0.79	0.95	1.11	- -
Depreciation Expense	1,600	1,638	1,652	1,703	1,948	2,089	2,340	2,436	2,465	3,289	3,373	3,429	3,579	3,750	3,849

Balance Sheet	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	7,621	7,325	7,959	8,830	8,911	9,892	10,340	11,117	10,803	10,890	12,503	12,174	12,670	12,948	15,273
+ Cash, Cash Equivalents & STI	1,491	974	1,193	1,359	1,256	1,200	1,232	1,508	1,610	1,578	2,783	2,903	2,142	3,098	5,271
+ Cash & Cash Equivalents	825	188	238	401	268	277	322	347	429	399	1,687	1,821	1,015	1,883	3,959
+ ST Investments	666	786	955	958	988	923	910	1,161	1,181	1,179	1,096	1,082	1,127	1,215	1,312
+ Accounts & Notes Receiv	845	949	1,051	1,116	1,266	1,734	1,649	1,637	1,589	1,706	1,781	1,828	2,234	2,136	2,195
+ Accounts Receivable, Net	845	949	1,051	1,116	1,266	1,734	1,649	1,637	1,589	1,706	1,781	1,828	2,234	2,136	2,195
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	4,966	5,114	5,146	5,651	5,688	6,168	6,561	6,533	6,846	7,084	7,063	6,783	7,560	7,105	7,038
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	-827	-1,043	-1,098	-1,150	-1,245	-1,272	-1,291	-1,248	-1,277	-1,380	-1,373	-1,570	-2,196	-2,309	-2,404
+ Other Inventory	5,793	6,157	6,244	6,801	6,933	7,440	7,852	7,781	8,123	8,464	8,436	8,353	9,756	9,414	9,442
+ Other ST Assets	319	288	569	704	701	790	898	1,439	758	522	876	660	734	609	769
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	15,884	16,151	16,675	20,451	21,586	24,005	26,165	26,080	27,315	34,366	36,159	36,912	36,953	37,557	37,343
+ Property, Plant & Equip, Net	14,147	14,464	14,848	16,893	17,912	19,619	21,016	21,071	21,635	28,685	29,182	30,484	31,388	31,922	32,542
+ Property, Plant & Equip	26,716	28,071	29,343	32,379	34,540	37,667	40,588	41,731	43,864	52,661	52,819	56,582	60,030	63,385	66,911
- Accumulated Depreciation	12,569	13,607	14,495	15,486	16,628	18,048	19,572	20,660	22,229	23,976	23,637	26,098	28,642	31,463	34,369
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,737	1,687	1,827	3,558	3,674	4,386	5,149	5,009	5,680	5,681	6,977	6,428	5,565	5,635	4,801
+ Total Intangible Assets	1,140	1,138	1,364	2,837	3,061	3,777	4,184	4,025	4,345	4,142	4,073	4,018	3,815	3,815	3,508
+ Goodwill	1,140	1,138	1,234	2,135	2,304	2,724	3,031	2,925	3,087	3,076	3,076	3,076	2,916	2,916	2,674
+ Other Intangible Assets	- -	- -	130	702	757	1,053	1,153	1,100	1,258	1,066	997	942	899	899	834
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	597	549	463	721	613	609	965	984	1,335	1,539	2,904	2,410	1,750	1,820	1,293
Total Assets	23,505	23,476	24,634	29,281	30,497	33,897	36,505	37,197	38,118	45,256	48,662	49,086	49,623	50,505	52,616
+ Payables & Accruals	5,115	5,385	5,501	6,031	6,343	7,154	7,052	6,957	7,286	7,517	8,092	8,853	11,925	11,704	11,454
+ Accounts Payable	4,227	4,329	4,484	4,881	5,052	5,728	5,818	5,858	6,059	6,349	6,679	7,117	10,179	10,381	10,124
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	888	1,056	1,017	1,150	1,291	1,426	1,234	1,099	1,227	1,168	1,413	1,736	1,746	1,323	1,330
+ ST Debt	588	1,315	2,734	1,657	1,874	2,370	2,252	3,560	3,157	2,562	1,578	1,205	1,972	868	871
+ ST Borrowings	588	1,275	2,700	1,616	1,844	2,318	2,197	3,509	3,103	1,926	844	451	1,153	198	272
+ ST Finance Leases	- -	40	34	41	30	52	55	51	54	636	734	754	819	670	599
+ Other ST Liabilities	2,367	2,405	2,826	3,017	3,175	3,447	3,556	3,680	3,831	4,164	5,696	6,265	3,341	3,486	3,615
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	220	190	288	248	287	221	251	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2,147	2,215	2,538	2,769	2,888	3,226	3,305	3,680	3,831	4,164	5,696	6,265	3,341	3,486	3,615
Total Current Liabilities	8,070	9,105	11,061	10,705	11,392	12,971	12,860	14,197	14,274	14,243	15,366	16,323	17,238	16,058	15,940
+ LT Debt	7,304	6,850	6,145	9,653	9,723	9,709	11,825	12,029	12,072	18,616	19,009	19,235	18,440	18,379	24,211
+ LT Borrowings	7,304	6,468	5,776	9,164	9,182	9,078	11,118	11,278	11,248	11,330	11,566	11,294	10,139	12,028	17,633
+ LT Finance Leases	- -	382	369	489	541	631	707	751	824	7,286	7,443	7,941	8,301	6,351	6,578
+ Other LT Liabilities	2,833	3,555	3,214	3,528	3,940	4,419	5,110	4,066	3,937	3,824	4,737	4,099	3,931	4,467	4,184
+ Accrued Liabilities	750	647	796	1,381	1,209	1,752	1,927	1,568	1,562	1,466	1,542	1,562	1,672	1,579	1,417
+ Pension Liabilities	946	1,393	1,291	901	1,463	1,380	1,524	792	494	608	535	478	436	385	387
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,137	1,515	1,127	1,246	1,268	1,287	1,659	1,706	1,881	1,750	2,660	2,059	1,823	2,503	2,380
Total Noncurrent Liabilities	10,137	10,405	9,359	13,181	13,663	14,128	16,935	16,095	16,009	22,440	23,746	23,334	22,371	22,846	28,395
Total Liabilities	18,207	19,510	20,420	23,886	25,055	27,099	29,795	30,292	30,283	36,683	39,112	39,657	39,609	38,904	44,335
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,353	4,386	4,410	4,508	4,666	4,898	4,988	5,079	5,163	5,255	5,379	5,575	5,723	5,840	5,005
+ Common Stock	959	959	959	959	1,918	1,918	1,918	1,918	1,918	1,918	1,918	1,918	1,918	1,918	1,918
+ Additional Paid in Capital	3,394	3,427	3,451	3,549	2,748	2,980	3,070	3,161	3,245	3,337	3,461	3,657	3,805	3,922	3,087
- Treasury Stock	6,732	8,132	9,237	9,641	10,809	11,409	13,118	14,684	16,612	16,991	18,191	19,722	20,650	20,682	24,823
+ Retained Earnings	8,225	8,571	9,787	10,981	12,367	14,011	15,543	17,007	19,681	20,978	23,018	24,066	25,601	26,946	28,724
+ Other Equity	-550	-844	-753	-464	-812	-680	-715	-471	-346	-640	-630	-467	-632	-489	-621
Equity Before Minority Interest	5,296	3,981	4,207	5,384	5,412	6,820	6,698	6,931	7,886	8,602	9,576	9,452	10,042	11,615	8,285
+ Minority/Non Controlling Interest	2	-15	7	11	30	-22	12	-26	-51	-29	-26	-23	-28	-14	-4
Total Equity	5,298	3,966	4,214	5,395	5,442	6,798	6,710	6,905	7,835	8,573	9,550	9,429	10,014	11,601	8,281
Total Liabilities & Equity	23,505	23,476	24,634	29,281	30,497	33,897	36,505	37,197	38,118	45,256	48,662	49,086	49,623	50,505	52,616
Shares Outstanding	1,240	1,122	1,028	1,016	974	967	924	870	798	788	758	727	716	720	660
Capital Leases - Total	- -	422	403	530	571	683	762	802	878	7,922	8,177	8,695	9,120	7,021	7,177
Net Debt	7,067	7,555	8,238	10,379	10,758	11,119	12,993	14,440	13,922	12,857	10,723	9,924	10,277	10,343	13,946
Net Debt to Equity	133.39	190.49	195.49	192.38	197.68	163.56	193.64	209.12	177.69	149.97	112.28	105.25	102.63	89.16	168.41
Tangible Common Equity Ratio	18.59	12.66	12.25	9.67	8.68	10.03	7.82	8.68	10.33	10.78	12.28	12.01	13.53	16.68	9.72
Current Ratio	0.94	0.8	0.72	0.82	0.78	0.76	0.8	0.78	0.76	0.76	0.81	0.75	0.74	0.81	0.96
Cash Conversion Cycle	9.02	7.57	7.23	7.51	7.02	7.41	7.87	7.56	7.71	7.89	6.81	4.8	0.55	-4.03	-4.86
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1,133	596	1,508	1,531	1,747	2,049	1,957	1,889	3,078	1,512	2,588	1,666	2,249	2,169	2,672
+ Depreciation & Amortization	1,600	1,638	1,652	1,703	1,948	2,089	2,340	2,436	2,465	3,289	3,373	3,429	3,579	3,750	3,849
+ Non-Cash Items	148	386	372	291	539	708	453	-771	-1,865	470	-687	1,324	1,863	61	285
+ Stock-Based Compensation	79	81	82	107	155	165	141	151	154	155	185	203	190	172	175
+ Deferred Income Taxes	37	31	176	72	73	317	201	-694	-45	-56	73	-31	161	-155	-102
+ Asset Impairment Charge	43	37	18	39	37	46	- -	181	56	120	70	64	232	69	98
+ Other Non-Cash Adj	-11	237	96	73	274	180	111	-409	-2,030	251	-1,015	1,088	1,280	-25	114
+ Chg in Non-Cash Work Cap	485	38	-578	48	-19	71	-478	-141	486	-607	1,541	-229	-3,193	808	-1,012
+ (Inc) Dec in Accts Receiv	-11	-63	-126	-8	-141	-59	-110	61	-208	-36	-90	-61	-222	14	-288
+ (Inc) Dec in Inventories	-88	-361	-78	-131	-147	-184	-382	-23	-354	-351	7	80	-1,370	342	-144
+ (Inc) Dec in Prepaid Assets	278	-68	-426	-24	-25	67	-159	-224	224	-30	-259	245	-81	-16	-263
+ Inc (Dec) in Accts Payable	386	298	255	273	384	715	-102	118	629	644	1,712	769	-123	323	360
+ Inc (Dec) in Other	-80	232	-203	-62	-90	-468	275	-73	195	-834	171	-1,262	-1,397	145	-677
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3,366	2,658	2,954	3,573	4,215	4,917	4,272	3,413	4,164	4,664	6,815	6,190	4,498	6,788	5,794
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1,898	-2,062	-2,330	-2,831	-3,349	-3,699	-2,809	-2,967	-3,128	-2,865	-2,614	-3,078	-3,904	-4,017
+ Acq of Fixed Prod Assets	- -	-1,898	-2,062	-2,330	-2,831	-3,349	-3,699	-2,809	-2,967	-3,128	-2,865	-2,614	-3,078	-3,904	-4,017
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	-157	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	235	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	-392	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-7	-51	-122	-2,344	-252	-168	-401	-16	1,928	327	- -	- -	- -	- -	464
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	2,169	327	- -	- -	- -	- -	464
+ Cash for Acq of Subs	-7	-51	-122	-2,344	-252	-168	-401	-16	-241	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1,954	41	1	-97	23	-53	225	118	10	190	51	3	63	154	325
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,961	-1,908	-2,183	-4,771	-3,060	-3,570	-3,875	-2,707	-1,186	-2,611	-2,814	-2,611	-3,015	-3,750	-3,228
+ Dividends Paid	-250	-257	-267	-319	-338	-385	-429	-443	-437	-486	-534	-589	-682	-796	-883
+ Net Cash From Debt	-150	276	693	2,093	226	-349	1,861	1,431	864	-1,491	302	-1,386	-552	-1,286	5,619
+ Cash From Debt	403	823	2,138	3,548	601	1,181	3,216	2,219	2,236	813	1,049	56	- -	15	10,502
+ Repayments of Debt	-553	-547	-1,445	-1,455	-375	-1,530	-1,355	-788	-1,372	-2,304	-747	-1,442	-552	-1,301	-4,883
+ Cash (Repurchase) of Equity	-516	-1,429	-1,151	-413	-1,173	-583	-1,698	-1,582	-1,945	-410	-1,197	-1,475	-859	-12	-5,029
+ Increase in Capital Stock	29	118	110	196	110	120	68	51	65	55	127	172	134	50	127
+ Decrease in Capital Stock	-545	-1,547	-1,261	-609	-1,283	-703	-1,766	-1,633	-2,010	-465	-1,324	-1,647	-993	-62	-5,156
+ Other Financing Activities	-88	23	4	- -	-3	-21	-86	-87	-1,378	304	-1,284	5	-196	-76	-197
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,004	-1,387	-721	1,361	-1,288	-1,338	-352	-681	-2,896	-2,083	-2,713	-3,445	-2,289	-2,170	-490
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	401	-637	50	163	-133	9	45	25	82	-30	1,288	134	-806	868	2,076
Capital Expenditures	- -	-1,898	-2,062	-2,330	-2,831	-3,349	-3,699	-2,809	-2,967	-3,128	-2,865	-2,614	-3,078	-3,904	-4,017
EBITDA	3,800	2,916	4,416	4,428	5,085	5,665	5,792	5,048	5,079	5,540	6,153	6,906	7,705	6,846	7,698
EBITDA Margin (%)	4.63	3.23	4.57	4.5	4.69	5.16	5.02	4.09	4.17	4.53	4.64	5.01	5.2	4.56	5.23
Net Cash Paid for Acquisitions	7	51	122	2,344	252	168	401	16	-1,928	-327	- -	- -	- -	- -	-464
Free Cash Flow	3,366	760	892	1,243	1,384	1,568	573	604	1,197	1,536	3,950	3,576	1,420	2,884	1,777
Free Cash Flow to Firm	3,659	1,068	1,195	1,540	1,706	1,887	924	- -	1,677	1,996	4,368	4,040	1,835	3,221	2,137
Free Cash Flow to Equity	3,216	1,036	1,585	3,336	1,610	1,219	2,434	2,035	2,061	45	4,252	2,190	868	1,598	7,396
Free Cash Flow per Basic Share	2.65	0.64	0.84	1.21	1.41	1.62	0.61	0.67	1.48	1.92	5.11	4.81	1.98	4.02	- -
Price/Free Cash Flow	3.12	2.42	2.37	2.59	4.02	3.84	3.45	3.8	2.85	2.49	2.55	3.49	4.09	3.06	- -
Cash Flow to Net Income	3.02	4.42	1.97	2.35	2.44	2.41	2.16	1.79	1.34	2.81	2.64	3.74	2	3.14	2.17

The Kroger Co.

Income Statement

Balance Sheet

Cash Flow Statement