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Kroger Annual Report (Amendment), Year Ended Feb 1, 2003

Filing Date
Filed June 30, 2003
Period End
February 1, 2003
Security
KR
In the record · 2016–202610-K1210-Q328-K137

KR filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’17Oct ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. FY2022 annual report10-K · Mar ’22Mar ’22
  4. Impairment8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 10-K/A filed June 30, 2003. Cited figures are marked; the original filing is the authoritative source.

This Form 10-K/A (Amendment No. 1) from The Kroger Co. of Cincinnati, Ohio, covers the fiscal year ended February 1, 2003.

The amendment reports 754,502,962 common shares outstanding as of April 23, 2003, and an aggregate market value of $9,151,195,252a held by non-affiliates as of March 10, 2003. Its Part IV lists the consolidated financial statement categories (balance sheets, earnings, cash flows, shareowners' equity and notes), along with the required exhibits and the company's Form 8-K filings during the quarter. It also reports three 8-K filings: a third-quarter 2002 earnings release on December 10, 2002, a Form 10-Q filing notice on December 20, 2002, and the issuance of $500,000,000 of debt securities on January 28, 2003.

The main substantive content is the annual reports on Form 11-K for two Kroger employee savings plans for 2002, filed as Exhibit 99.1. The Kroger Co. Savings Plan reported net assets available for benefits of $2.18 billionb at December 31, 2002, down from $2.70 billion a year earlier, with a net depreciation in fair value of investments of $524.4 million in 2002. Its Employer Stock Fund held $1.05 billion of Kroger common shares, down from $1.53 billion.

The Kroger Co. Savings Plan for Bargaining Unit Associates reported net assets of $33,402,852c at year-end 2002, up from $30,056,465, with a net increase of $3,346,387 for the year. Both plans' auditor, PricewaterhouseCoopers LLP, issued unqualified opinions dated June 27, 2003. The amendment is signed by CEO David B.

Dillon, CFO J. Michael Schlotman and Controller M.

Elizabeth Van Oflen on June 30, 2003, and by the board of directors. For investors, the most relevant items are the company's share count and market value, the $500 milliond debt issuance, and the employer stock holdings in the savings plans, which reflect the decline in Kroger's share price during 2002.

02—Key points

Key Highlights

  1. Kroger reported 754,502,962 common shares outstanding on April 23, 2003, with an aggregate non-affiliate market value of $9,151,195,252 as of March 10, 2003.
  2. The company issued $500,000,000 of debt securities on January 28, 2003, as disclosed in a Form 8-K filed that day.
  3. The Kroger Co. Savings Plan's net assets available for benefits fell to $2,178,932 thousand at December 31, 2002, from $2,699,205 thousand in 2001.
  4. The Employer Stock Fund in the Kroger Co. Savings Plan was valued at $1,045,064 thousand at year-end 2002, down from $1,528,402 thousand a year earlier.
  5. The savings plan recorded net depreciation in fair value of investments of $524,359 thousand in 2002, compared with $594,484 thousand in 2001.
  6. The Kroger Co. Savings Plan for Bargaining Unit Associates grew its net assets to $33,402,852 from $30,056,465, with a 2002 net increase of $3,346,387.
  7. Exhibit 99.1 refiles the Form 11-K annual reports for both savings plans for the year 2002, audited by PricewaterhouseCoopers LLP and dated June 27, 2003.

03—Questions

Frequently Asked Questions

  1. How many Kroger shares were outstanding and what was the market value held by non-affiliates?

    As of April 23, 2003, Kroger had 754,502,962 common shares outstanding. The aggregate market value of common stock held by non-affiliates was $9,151,195,252 as of March 10, 2003.

  2. What debt did Kroger issue during this period?

    On January 28, 2003, Kroger filed a Form 8-K disclosing the issuance of $500,000,000 of debt securities, and filed the Underwriting Agreement, Pricing Agreement and Fifteenth Supplemental Indenture as exhibits to that report.

  3. How did the Kroger Co. Savings Plan perform in 2002?

    The plan's net assets available for benefits were $2,178,932 thousand at December 31, 2002, compared with $2,699,205 thousand at the end of 2001. Net depreciation in fair value of investments was $524,359 thousand for 2002, and the Employer Stock Fund was valued at $1,045,064 thousand, down from $1,528,402 thousand.

  4. Who signed the report and who is the company's principal financial officer?

    The report was signed on June 30, 2003 by David B. Dillon, Chief Executive Officer and Director, J. Michael Schlotman, Senior Vice President and Chief Financial Officer, and M. Elizabeth Van Oflen, Vice President & Controller and Principal Accounting Officer, together with the board of directors.

04—Continue

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