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Prepare a Horizontal Financial Statement for Albertsons in the chart below. Compare the Condensed statement to Kroger (already listed). Financial Statement Analysis Project Alberstons Alberstons

Prepare a Horizontal Financial Statement for Albertsons in the chart below. Compare the Condensed statement to Kroger (already listed).

Financial Statement Analysis Project Alberstons Alberstons
Condensed Financial Statements Kroger 2019 FY Kroger 2018 FY 2019 2018
Consolidated Balance Sheets
Cash 1,610 1,508
Merchandise Inventory 6,846 6,533
Receivables 1,589 1,637
Other Current Assets 758 1,439
Total Current Assets 10,803 11,117
Property and Equipment, net 21,635 21,071
Other Assets 5,680 5,009
Total Assets 38,118 37,197
Total Current Liabilities 14,274 14,197
Total Long-Term Liabilities 16,009 16,095
Total Liabilities 30,283 30,292
Total Shareholders Equity 7,835 6,905
Total Liabilities & Shareholders Equity 38,118 37,197
Consolidated Income Statement
Revenue (Net Sales) 121,162 122,662
Cost of Goods Sold (Merchandise Costs) 94,894 95,662
Gross Profit (Gross Margin) 26,268 27,000
Operating Expenses 23,654 24,388
Operating Income (Profit) 2,614 2,612
Other Income (Expense) 1,364 (1,128)
Earnings before tax 3,978 1,484
Income Tax Expense 900 (405)
Other Adjustments 32 18
Net Earnings (Net Income) 3,110 1,907
Earnings per share 3.80 2.11

Albertsons Balance Sheet

Current assets 2019 2018
Cash and cash equivalents $ 926.1 $ 670.3
Receivables, net 586.2 615.3
Inventories, net 4,332.8 4,421.1
Prepaid assets 316.2 368.6
Other current assets 88.7 73.3
Total current assets 6,250 6,148.6
Property and equipment, net 9,861.3 10,770.3
Intangible assets, net 2,834.5 3,142.5
Goodwill 1,183.3 1,183.3
Other assets 647.5 567.6
TOTAL ASSETS 20,776.6 21,812.3
Current liabilities
Accounts payable 2,918.7 2,833
Accrued salaries and wages 1,054.7 984.1
Current maturities of long-term debt and capitalized lease obligations 148.8 168.2
Current portion of self-insurance liability 306.8 296
Taxes other than income taxes 309 323.5
Other current liabilities 414.7 424.8
Total current liabilities 5,152.7 5,029.6
Long-term debt and capitalized lease obligations 10,437.6 11,707.6
Deferred income taxes 561.4 579.9
Long-term self-insurance liability 839.5 921.7
Other long-term liabilities 2,334.7 2,175.3
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value; 30,000,000 shares authorized, no shares issued and outstanding as of February 23, 2019 and February 24, 2018, respectively 0 0
Common stock, $0.01 par value; 1,000,000,000 shares authorized, 277,882,010 and 279,654,028 shares issued and outstanding as of February 23, 2019 and February 24, 2018, respectively 2.8 2.8
Additional paid-in capital 1,814.2 1,773.3
Treasury stock, at cost, 1,772,018 and no shares held as of February 23, 2019 and February 24, 2018, respectively (25.8) 0
Accumulated other comprehensive income 91.3 191.1
Accumulated deficit (431.8) (569)
Total stockholders' equity 1,450.7 1,398.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 20,776.6 $ 21,812.3

Albertson's Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)

12 Months Ended
Feb. 23, 2019 Feb. 24, 2018
Income Statement [Abstract]
Net sales and other revenue $ 60,534,500,000 $ 59,924,600,000
Cost of sales 43,639,900,000 43,563,500,000
Gross profit 16,894,600,000 16,361,100,000
Selling and administrative expenses 16,107,300,000 16,275,400,000
Goodwill impairment 0 142,300,000
Operating income (loss) 787,300,000 (56,600,000)
Interest expense, net 830,800,000 874,800,000
Loss (gain) on debt extinguishment 8,700,000 (4,700,000)
Other income (104,400,000) (9,200,000)
Income (loss) before income taxes 52,200,000 (917,500,000)
Income tax benefit (78,900,000) (963,800,000)
Net income (loss) 131,100,000 46,300,000
Other comprehensive income (loss):
(Loss) gain on interest rate swaps, net of tax (15,500,000) 47,000,000
Recognition of pension (loss) gain, net of tax (83,100,000) 92,200,000
Foreign currency translation adjustment, net of tax (300,000) 65,000,000
Other (900,000) (300,000)
Current-period other comprehensive loss, net (99,800,000) 203,900,000
Comprehensive income (loss) $ 31,300,000 $ 250,200,000

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