10-Q Filing

ALBERTSONS COMPANIES, INC. CIK: 1646972 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001646972-19-000054`
Period End Date	20190531
Filing Date	20190724
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	aciq1-1910xq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 19

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$662.10M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$926.10M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$586.20M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$497.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.39B	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.33B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$404.90M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$361.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.25B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	277.88M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.91B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	277.88M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	277.88M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.86B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.66B	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	277.88M	shares	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockCommonShares`	1.77M	shares	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockCommonShares`	1.77M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.28B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.83B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.27B	USD	Point-in-time
Goodwill	`Goodwill`	$1.18B	USD	Point-in-time
Goodwill	`Goodwill`	$1.18B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$676.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$647.50M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$24.98B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$20.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.92B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.08B	USD	Point-in-time
Accrued salaries and wages	`AccruedSalariesCurrent`	$1.05B	USD	Point-in-time
Accrued salaries and wages	`AccruedSalariesCurrent`	$978.50M	USD	Point-in-time
Current maturities of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$148.80M	USD	Point-in-time
Current maturities of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$145.00M	USD	Point-in-time
Current maturities of operating lease obligations	`OperatingLeaseLiabilityCurrent`	$523.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.03B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$990.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.15B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.71B	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$10.44B	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$9.69B	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$4.90B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$754.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$561.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.17B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.87B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 30,000,000 shares authorized, no shares issued and outstanding as of June 15, 2019 and February 23, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 30,000,000 shares authorized, no shares issued and outstanding as of June 15, 2019 and February 23, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 1,000,000,000 shares authorized and 277,882,010 shares issued and outstanding as of June 15, 2019 and February 23, 2019, respectively	`CommonStockValue`	$2.80M	USD	Point-in-time
Common stock, $0.01 par value; 1,000,000,000 shares authorized and 277,882,010 shares issued and outstanding as of June 15, 2019 and February 23, 2019, respectively	`CommonStockValue`	$2.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.81B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.81B	USD	Point-in-time
Treasury stock, at cost, 1,772,018 shares held as of June 15, 2019 and February 23, 2019, respectively	`TreasuryStockCommonValue`	$25.80M	USD	Point-in-time
Treasury stock, at cost, 1,772,018 shares held as of June 15, 2019 and February 23, 2019, respectively	`TreasuryStockCommonValue`	$25.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$89.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$91.30M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-431.80M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$174.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.39B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.05B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$24.98B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$20.78B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales and other revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.65B	USD	1 Quarter
Net sales and other revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.74B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$13.50B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$13.48B	USD	1 Quarter
Gross profit	`GrossProfit`	$5.17B	USD	1 Quarter
Gross profit	`GrossProfit`	$5.24B	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.98B	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.92B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$321.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$193.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-225.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-254.60M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-42.70M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$40.80M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$11.10M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.70M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$15.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-17.70M	USD	1 Quarter
(Loss) gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$8.20M	USD	1 Quarter
(Loss) gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-27.00M	USD	1 Quarter
Recognition of pension gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-23.40M	USD	1 Quarter
Recognition of pension gain (loss)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$600.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$600.00K	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherNetOfTax`	$-1.10M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherNetOfTax`	$1.70M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$47.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-11.80M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-17.70M	USD	1 Quarter
Gain on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$40.00M	USD	1 Quarter
Gain on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$28.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$515.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$536.60M	USD	1 Quarter
Operating lease right-of-use assets amortization	`OperatingLeaseRightOfUseAssetAmortization`	$162.70M	USD	1 Quarter
LIFO expense	`InventoryLIFOReservePeriodCharge`	$10.50M	USD	1 Quarter
LIFO expense	`InventoryLIFOReservePeriodCharge`	$9.50M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-3.60M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$2.80M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-42.70M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$11.10M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$13.40M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$4.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$2.90M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-88.70M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-64.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-88.50M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$63.00M	USD	1 Quarter
Accounts payable, accrued salaries and wages and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$246.90M	USD	1 Quarter
Accounts payable, accrued salaries and wages and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$141.40M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-151.70M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.90M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-25.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$911.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$802.70M	USD	1 Quarter
Payments for property, equipment and intangibles, including payments for lease buyouts	`PaymentsToAcquireProductiveAssets`	$349.50M	USD	1 Quarter
Payments for property, equipment and intangibles, including payments for lease buyouts	`PaymentsToAcquireProductiveAssets`	$362.10M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$37.30M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$73.40M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-34.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$5.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-277.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-294.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.70M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$16.40M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$722.50M	USD	1 Quarter
Payments of obligations under finance leases	`FinanceLeasePrincipalPayments`	$27.70M	USD	1 Quarter
Payments of obligations under finance leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$28.80M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-12.50M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.70M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-762.70M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$566.80M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-254.00M	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$967.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$713.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$680.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.25B	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$967.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$713.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$680.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.25B	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.39B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.05B	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.40M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.10M	USD	1 Quarter
Employee tax withholding on vesting of phantom units	`AdjustmentsToAdditionalPaidInCapitalUnitsIssuedNetOfTaxWithholdings`	$-12.10M	USD	1 Quarter
Employee tax withholding on vesting of phantom units	`AdjustmentsToAdditionalPaidInCapitalUnitsIssuedNetOfTaxWithholdings`	$-14.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-17.70M	USD	1 Quarter
Other comprehensive income (loss), net of tax, adjusted for accounting standards update	`OtherComprehensiveIncomeLossNetOfTaxAdjustedForAccountingStandardsUpdate`	$-18.50M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.90M	USD	1 Quarter
Other activity	`StockholdersEquityOther`	$-5.80M	USD	1 Quarter
Other activity	`StockholdersEquityOther`	$400.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.39B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.05B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.