10-Q Filing

ALBERTSONS COMPANIES, INC. CIK: 1646972 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001646972-21-000038`
Period End Date	20210630
Filing Date	20210729
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aci-20210619_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 38 Cash Flow Statement 76 Stockholders Equity 21

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.72B	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$618.70M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$550.90M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.30B	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.27B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$418.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$313.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.99B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.38B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.41B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.30B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.02B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.86B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.15B	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.11B	USD	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockCommonShares`	120.01M	shares	Point-in-time
Goodwill	`Goodwill`	$1.18B	USD	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockCommonShares`	120.01M	shares	Point-in-time
Goodwill	`Goodwill`	$1.20B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$889.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$902.40M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$26.60B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$26.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.49B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.39B	USD	Point-in-time
Accrued salaries and wages	`AccruedSalariesCurrent`	$1.47B	USD	Point-in-time
Accrued salaries and wages	`AccruedSalariesCurrent`	$1.37B	USD	Point-in-time
Current maturities of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$214.30M	USD	Point-in-time
Current maturities of long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$212.40M	USD	Point-in-time
Current maturities of operating lease obligations	`OperatingLeaseLiabilityCurrent`	$605.30M	USD	Point-in-time
Current maturities of operating lease obligations	`OperatingLeaseLiabilityCurrent`	$610.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.13B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.70B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.83B	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$8.15B	USD	Point-in-time
Long-term debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$8.10B	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$5.55B	USD	Point-in-time
Long-term operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$5.46B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$534.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$533.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.66B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.64B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.91B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.90B	USD	Point-in-time
Treasury stock, at cost, 120,009,647 shares held as of June 19, 2021 and February 27, 2021	`TreasuryStockCommonValue`	$1.91B	USD	Point-in-time
Treasury stock, at cost, 120,009,647 shares held as of June 19, 2021 and February 27, 2021	`TreasuryStockCommonValue`	$1.91B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.62B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.26B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.28B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$26.78B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$26.60B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales and other revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.27B	USD	1 Quarter
Net sales and other revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.75B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$15.08B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$15.98B	USD	1 Quarter
Gross profit	`GrossProfit`	$6.77B	USD	1 Quarter
Gross profit	`GrossProfit`	$6.19B	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.50B	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.77B	USD	1 Quarter
Loss on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$-30.30M	USD	1 Quarter
Loss on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$-300.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$687.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$971.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-153.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-180.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$43.50M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$788.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$577.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$132.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$201.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$586.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.80M	USD	1 Quarter
Recognition of pension gain	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-100.00K	USD	1 Quarter
Recognition of pension gain	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$900.00K	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$444.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$587.90M	USD	1 Quarter
Basic net income per class A common share (in dollars per share)	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Basic net income per class A common share (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Diluted net income per class A common share (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted net income per class A common share (in dollars per share)	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	465.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	568.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	571.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	583.70M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$586.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.80M	USD	1 Quarter
Loss on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$-30.30M	USD	1 Quarter
Loss on property dispositions and impairment losses, net	`GainLossOnPropertyDispositionsAssetImpairmentAndExitCosts`	$-300.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$504.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortizationExcludingAmortizationOfDebtIssuanceCosts`	$460.10M	USD	1 Quarter
Operating lease right-of-use assets amortization	`OperatingLeaseRightOfUseAssetAmortization`	$189.30M	USD	1 Quarter
Operating lease right-of-use assets amortization	`OperatingLeaseRightOfUseAssetAmortization`	$176.40M	USD	1 Quarter
LIFO expense	`InventoryLIFOReservePeriodCharge`	$14.50M	USD	1 Quarter
LIFO expense	`InventoryLIFOReservePeriodCharge`	$13.10M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-51.20M	USD	1 Quarter
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-17.90M	USD	1 Quarter
Contributions to pension and post-retirement benefit plans, net of (income) expense	`PensionAndOtherPostretirementBenefitContributions`	$63.50M	USD	1 Quarter
Contributions to pension and post-retirement benefit plans, net of (income) expense	`PensionAndOtherPostretirementBenefitContributions`	$14.50M	USD	1 Quarter
(Gain) loss on interest rate swaps and commodity hedges, net	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-24.50M	USD	1 Quarter
(Gain) loss on interest rate swaps and commodity hedges, net	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$6.30M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$19.00M	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$22.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.80M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$22.90M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$74.70M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$4.70M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-67.80M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-14.80M	USD	1 Quarter
Accounts payable, accrued salaries and wages and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.30M	USD	1 Quarter
Accounts payable, accrued salaries and wages and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$733.10M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-98.70M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-109.50M	USD	1 Quarter
Self-insurance assets and liabilities	`IncreaseDecreaseInSelfInsuranceReserve`	$24.10M	USD	1 Quarter
Self-insurance assets and liabilities	`IncreaseDecreaseInSelfInsuranceReserve`	$27.50M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-177.20M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-118.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.06B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.09B	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$23.50M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for property, equipment and intangibles, including payments for lease buyouts	`PaymentsToAcquireProductiveAssets`	$513.40M	USD	1 Quarter
Payments for property, equipment and intangibles, including payments for lease buyouts	`PaymentsToAcquireProductiveAssets`	$402.30M	USD	1 Quarter
Proceeds from sale of long-lived assets	`ProceedsFromSaleOfProductiveAssets`	$15.20M	USD	1 Quarter
Proceeds from sale of long-lived assets	`ProceedsFromSaleOfProductiveAssets`	$6.70M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.80M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-28.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-399.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-493.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00B	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$300.00K	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$2.00B	USD	1 Quarter
Payments of obligations under finance leases	`FinanceLeasePrincipalPayments`	$14.10M	USD	1 Quarter
Payments of obligations under finance leases	`FinanceLeasePrincipalPayments`	$14.10M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$46.50M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Dividends paid on convertible preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$29.50M	USD	1 Quarter
Dividends paid on convertible preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Proceeds from convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.68B	USD	1 Quarter
Proceeds from convertible preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Third party issuance costs on convertible preferred stock	`PaymentsOfStockIssuanceCosts`	$80.90M	USD	1 Quarter
Third party issuance costs on convertible preferred stock	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Treasury stock purchase, at cost	`PaymentsForRepurchaseOfCommonStock`	$1.68B	USD	1 Quarter
Treasury stock purchase, at cost	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Employee tax withholding on vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.20M	USD	1 Quarter
Employee tax withholding on vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.30M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.90M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$456.80M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.59B	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.06B	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.22B	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$478.90M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.06B	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77B	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.22B	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$478.90M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.32B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.70B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.28B	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.20M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.00M	USD	1 Quarter
Shares issued and employee tax withholding on vesting of restricted stock	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-6.20M	USD	1 Quarter
Shares issued and employee tax withholding on vesting of restricted stock	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-10.00M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$1.68B	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$46.50M	USD	1 Quarter
Dividends accrued on convertible preferred stock	`DividendsPreferredStockStock`	$3.90M	USD	1 Quarter
Dividends accrued on convertible preferred stock	`DividendsPreferredStockStock`	$36.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$586.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.80M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.70M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	1 Quarter
Other activity	`StockholdersEquityOther`	$100.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.32B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.70B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.28B	USD	Point-in-time

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