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Please analyze the income statement below with observations on trends and overall performance of this company: (In millions, except per share amounts) 2015 2014 2013

Please analyze the income statement below with observations on trends and overall performance of this company:

(In millions, except per share amounts) 2015 2014 2013 2012 2011
(52 weeks) (52 weeks) (52 weeks) (53 weeks) (52 weeks)
Sales 109,830 108,465 98,375 96,619 90,269
less: Sales Incentives 0 0 0 0 0
Net operating revenues 109,830 108,465 98,375 96,619 90,269
Merchandise costs, including advertising, warehousing, and transportation -85,496 -85,512 -78,138 -76,726 -71,389
Gross profit 24,334 22953 20237 19893 18880
Operating, general and administrative -17,946 -17,161 -15,196 -14,849 -15,345
Rent -723 -707 -613 -628 -619
Operating income before depreciation/amortization 5,665 5,085 4,428 4,416 2,916
Depreciation and amortization -2,089 -1,948 -1,703 -1,652 -1,638
Operating Profit 3,576 3,137 2,725 2,764 1,278
Interest expense 482 488 443 462 435
EBIT 3,094 2,649 2,282 2,302 843
Income tax expense 1,045 902 751 794 247
Net earnings including noncontrolling interests (EBT) 2,049 1,747 1,531 1,508 596
Net earnings attributable to noncontrolling interests 10 19 12 11 -6
Net Income 2,039 1,728 1,519 1,497 602
Net earnings attributable to The Kroger Co. per basic common share 2.09 1.74 1.47 2.78 1.01
Average number of common shares used in basic calculation 966 981 1,028 533 590
Net earnings attributable to The Kroger Co. per diluted common share 2.06 1.72 1.45 2.77 1.01
Average number of common shares used in diluted calculation 980 993 1,040 537 593
Dividends declared per common share 0.408 0.35 0.315 0.53 0.44

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