$ACI
Albertsons Companies, Inc.

2020 Q2 Form 10-Q Financial Statement

#000164697220000033 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2
Revenue $22.75B
YoY Change 21.42%
Cost Of Revenue $15.98B
YoY Change 18.38%
Gross Profit $6.772B
YoY Change 29.24%
Gross Profit Margin 29.76%
Selling, General & Admin $5.769B
YoY Change 17.3%
% of Gross Profit 85.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $460.1M
YoY Change -10.82%
% of Gross Profit 6.79%
Operating Expenses $5.770B
YoY Change 17.32%
Operating Profit $1.002B
YoY Change 211.18%
Interest Expense -$181.0M
YoY Change -19.56%
% of Operating Profit -18.06%
Other Income/Expense, Net -$3.000M
YoY Change -127.27%
Pretax Income $788.0M
YoY Change 1112.31%
Income Tax $202.0M
% Of Pretax Income 25.63%
Net Earnings $586.0M
YoY Change 1095.92%
Net Earnings / Revenue 2.58%
Basic Earnings Per Share
Diluted Earnings Per Share $1.003M
COMMON SHARES
Basic Shares Outstanding 280.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.022B
YoY Change 205.44%
Cash & Equivalents $2.022B
Short-Term Investments
Other Short-Term Assets $309.0M
YoY Change -14.62%
Inventory $4.272B
Prepaid Expenses
Receivables $530.0M
Other Receivables $0.00
Total Short-Term Assets $7.133B
YoY Change 20.76%
LONG-TERM ASSETS
Property, Plant & Equipment $9.104B
YoY Change -5.79%
Goodwill $1.183B
YoY Change 0.0%
Intangibles $2.086B
YoY Change -8.18%
Long-Term Investments
YoY Change
Other Assets $710.7M
YoY Change 5.07%
Total Long-Term Assets $18.86B
YoY Change -1.15%
TOTAL ASSETS
Total Short-Term Assets $7.133B
Total Long-Term Assets $18.86B
Total Assets $25.99B
YoY Change 4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.400B
YoY Change 10.46%
Accrued Expenses $1.876B
YoY Change 24.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $219.0M
YoY Change 51.03%
Total Short-Term Liabilities $6.750B
YoY Change 18.12%
LONG-TERM LIABILITIES
Long-Term Debt $8.485B
YoY Change -12.43%
Other Long-Term Liabilities $1.999B
YoY Change 6.86%
Total Long-Term Liabilities $1.999B
YoY Change 6.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.750B
Total Long-Term Liabilities $1.999B
Total Liabilities $8.750B
YoY Change 15.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.175B
YoY Change 571.58%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.195B
YoY Change
Total Liabilities & Shareholders Equity $25.99B
YoY Change 4.03%

Cashflow Statement

Concept 2020 Q2
OPERATING ACTIVITIES
Net Income $586.0M
YoY Change 1095.92%
Depreciation, Depletion And Amortization $460.1M
YoY Change -10.82%
Cash From Operating Activities $2.092B
YoY Change 160.61%
INVESTING ACTIVITIES
Capital Expenditures -$402.3M
YoY Change 11.1%
Acquisitions
YoY Change
Other Investing Activities $2.900M
YoY Change -95.74%
Cash From Investing Activities -$399.4M
YoY Change 35.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.680B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -106.9M
YoY Change -85.98%
NET CHANGE
Cash From Operating Activities 2.092B
Cash From Investing Activities -399.4M
Cash From Financing Activities -106.9M
Net Change In Cash 1.586B
YoY Change -724.25%
FREE CASH FLOW
Cash From Operating Activities $2.092B
Capital Expenditures -$402.3M
Free Cash Flow $2.494B
YoY Change 114.13%

Facts In Submission

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49000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
49000000.0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18500000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
400000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
2054400000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
42300000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
8200000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
13100000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
10500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1200000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8800000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M20D
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1680000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
201900000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15700000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
aci Number Of Divisions
NumberOfDivisions
13 division
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q2 aci Number Of Store Format
NumberOfStoreFormat
1 store_format
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
62200000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
52200000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
8703600000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
40600000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
41300000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
69400000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
72900000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
652700000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
666700000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
8714700000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
219100000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
221400000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8484500000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8493300000 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1150000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
582997251 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
579325630 shares
CY2020Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2.072
CY2020Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2.072
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
1680000000 USD
CY2020Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1750000000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
54600000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5200000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
7800000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
21800000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
18600000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
90300000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
1200000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-1100000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1700000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-23900000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
1200000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-6600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1900000 USD
us-gaap Net Income Loss
NetIncomeLoss
586200000 USD
us-gaap Net Income Loss
NetIncomeLoss
49000000.0 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
3900000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
582300000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49000000.0 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
568000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
579200000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
582300000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49000000.0 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
3900000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Net Income Loss
NetIncomeLoss
586200000 USD
us-gaap Net Income Loss
NetIncomeLoss
49000000.0 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
568000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
579200000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10900000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
583700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
579400000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares

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