01—Abstract
Summary
Summary of the 10-K/A filed April 1, 2015. Cited figures are marked; the original filing is the authoritative source.
This filing is Amendment No. 1 to The Kroger Co.'s Annual Report on Form 10-K for the fiscal year ended January 31, 2015, dated April 1, 2015.
Its sole purpose is to correct the cover page disclosure of common shares outstanding as of March 27, 2015. The original filing, made March 31, 2015, inadvertently included 462,562,376 treasury shares that were issued but not outstanding. The corrected figure is 491,106,583 shares of Common Stock ($1a par value).
The amendment states that it does not change any other disclosure in the original filing, including the total outstanding share count reported in the body of that filing. The cover page also reports that the aggregate market value of Common Stock held by non-affiliates was $24.6 billionb as of August 16, 2014. Kroger is a large accelerated filer, a well-known seasoned issuer, and its common stock is registered on the New York Stock Exchange.
Its principal executive offices are at 1014 Vine Street, Cincinnati, Ohio. W. Rodney McMullen, Chief Executive Officer, signed the amendment.
According to the explanatory note, no financial statements were amended or included in this amendment. The amendment includes new Rule 13a-14(a)/15d-14(a) certifications, with paragraphs 3, 4 and 5 omitted as permitted. Portions of the proxy statement for Part III are to be filed on or before June 1, 2015 and are incorporated by reference.
02—Key points
Key Highlights
- Amendment No. 1 to the Form 10-K for the fiscal year ended January 31, 2015, dated April 1, 2015, corrects only the cover page share count.
- Corrected common shares outstanding as of March 27, 2015: 491,106,583 (the original filing had inadvertently included 462,562,376 treasury shares).
- The explanatory note states that this amendment does not change or update any other disclosure in the original filing filed March 31, 2015.
- Aggregate market value of Common Stock held by non-affiliates was $24.6 billion as of August 16, 2014.
- Kroger is a large accelerated filer and a well-known seasoned issuer, with common stock listed on the New York Stock Exchange.
- No financial statements were amended or included in this Form 10-K/A; Part III information is incorporated from a proxy statement to be filed by June 1, 2015.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2015, Kroger kept $0.02.
- Revenue$108.47B100.0%
- Cost of revenue−$85.51B78.8%
- Gross profit$22.95B21.2%
- Operating costs−$19.82B18.3%
- Operating income$3.14B2.9%
- Interest, other & tax−$1.41B1.3%
- Net income$1.73B1.6%
Where FY2015 revenue went
$108.47B- Cost of revenue: $85.51B, 79% of revenue
- Operating costs: $19.82B, 18% of revenue
- Net income: $1.73B, 1.6% of revenue
- Interest, other & tax: $1.41B, 1.3% of revenue
Kept 1.6% as net incomeNet income $1.73B · 1.6%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2015filed April 1, 2015Financial Statements
FY2015 against FY2014
| Line item | FY2015FY2014 | Change |
|---|---|---|
| Revenue | $108.47B$98.38B | +10.3% |
| Cost of Revenue | $85.51B$78.14B | +9.4% |
| Gross Profit | $22.95B$20.24B | +13.4% |
| Operating Income | $3.14B$2.73B | +15.1% |
| Interest Expense | $488.00M$443.00M | +10.2% |
| Net Income | $1.73B$1.52B | +13.8% |
| EPS (Basic) | $1.74$1.47 | +18.4% |
| EPS (Diluted) | $1.72$1.45 | +18.6% |
| Shares Outstanding (Basic) | 981.00M1.03B | −4.6% |
| Shares Outstanding (Diluted) | 993.00M1.04B | −4.5% |
05—Questions
Frequently Asked Questions
Why was this amendment filed?
The company filed it solely to correct the number of common shares outstanding as of March 27, 2015, shown on the cover page of the original filing. The original figure inadvertently included 462,562,376 treasury shares that were issued but not outstanding.
What is the correct number of shares outstanding?
As of March 27, 2015, there were 491,106,583 shares of Common Stock ($1 par value) outstanding.
Does this amendment change the company's financial results or other disclosures?
No. The amendment states that it does not change or update any other disclosures in the original filing, including the total number of outstanding shares reported in the body of that filing, and no financial statements were amended or included.
What was the market value of shares held by non-affiliates?
The aggregate market value of Common Stock held by non-affiliates was $24.6 billion as of August 16, 2014.
Where will Part III information come from?
Portions of the proxy statement, to be filed under Regulation 14A on or before June 1, 2015, are incorporated by reference into Part III of the Form 10-K.
06—Continue