01—Abstract
Summary
Summary of the 10-K/A filed June 28, 2000. Cited figures are marked; the original filing is the authoritative source.
The Kroger Co. filed this Form 10-K/A (Amendment No. 1) for the fiscal year ended January 29, 2000.
The amendment is limited in scope: it consists of Part IV (Item 14, Exhibits, Financial Statement Schedules, and Reports on Form 8-K) along with exhibits, and it does not contain the company's full consolidated financial statements or management's discussion in the body of this document. The filing lists the consolidated balance sheet as of January 29, 2000 and January 2, 1999, and consolidated statements of income, cash flows, and shareowners' equity, but the figures themselves are not presented here. The company reported 830,804,611 common shares outstanding on April 26, 2000, and the aggregate market value of common stock held by non-affiliates was $12,256,639,106a as of March 6, 2000.
The filing references Kroger's merger with Fred Meyer and the change in its fiscal year. Its 8-K reports during the period discussed third-quarter 1999 earnings, reaffirmed fourth-quarter 1999 earnings per share estimates, and outlined expected combined synergy savings from the Kroger/Fred Meyer merger and prior Fred Meyer mergers, as well as estimated earnings per share growth for 2000 through 2002. The bulk of the amendment's substantive content is Exhibit 99.2, the audited financial statements of the Fred Meyer, Inc. 401(k) Savings Plan for Collective Bargaining Unit Employees as of December 31, 1999.
Those statements show net assets available for benefits of $43,256,115,b transferred from Smith's Food & Drug 401(k) Savings Plan on July 1, 1999, and include Kroger common stock holdings of $143,825. This exhibit is of limited relevance to investors evaluating Kroger's operating performance.
02—Key points
Key Highlights
- Form 10-K/A for fiscal year ended January 29, 2000; registrant is an Ohio corporation headquartered in Cincinnati, Ohio
- 830,804,611 common shares outstanding as of April 26, 2000; non-affiliate market value of $12,256,639,106 as of March 6, 2000
- Filing includes Part IV exhibits and Exhibit 99.2, the Fred Meyer, Inc. 401(k) Savings Plan for Collective Bargaining Unit Employees financial statements as of December 31, 1999
- Plan statements show net assets available for benefits of $43,256,115, following a July 1, 1999 asset transfer from Smith's Food & Drug 401(k) Savings Plan
- Kroger's 8-K filings disclosed Q3 1999 earnings, reaffirmed Q4 1999 EPS estimates, and outlined expected Kroger/Fred Meyer merger synergy savings
- Company reported expected EPS growth rate for 2000-2002 and adjusted 1998 quarterly estimates for the 53rd week and the change in fiscal year
- Financial statements and their figures are listed in the index but are not reproduced in this amendment
03—Questions
Frequently Asked Questions
What does this 10-K/A amendment contain?
The amendment contains Part IV of Form 10-K (Item 14: exhibits, financial statement schedules, and 8-K reports) and the listed exhibits, including Exhibit 99.2, the Fred Meyer 401(k) Savings Plan financial statements. The filing lists Kroger's consolidated financial statements for the fiscal year ended January 29, 2000 but does not present their figures in this document.
How many shares of Kroger common stock were outstanding?
The filing reports 830,804,611 shares of common stock, $1 par value, outstanding on April 26, 2000, all listed on the New York Stock Exchange.
What was the market value of Kroger stock held by non-affiliates?
The aggregate market value of Common Stock held by non-affiliates was $12,256,639,106 as of March 6, 2000.
What merger-related information does the filing disclose?
The filing references Kroger's merger with Fred Meyer and the change in its fiscal year. Kroger's 8-K reports disclosed revised estimates of combined sales and earnings per share for 1998 and expected combined synergy savings from the Kroger/Fred Meyer and prior Fred Meyer mergers.
What do the exhibits show about employee benefit plans?
Exhibit 99.2 presents the audited statement of net assets available for benefits of the Fred Meyer 401(k) Savings Plan for Collective Bargaining Unit Employees, which totaled $43,256,115 as of December 31, 1999. The plan held 7,620 shares of Kroger common stock valued at $143,825.
04—Continue