Note L: Segments for Safeway (SWY)

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Safeway (SWY)

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SWY » Topics » Note L: Segments

These excerpts taken from the SWY 10-K filed Feb 26, 2008.

Note L: Segments

Safeway’s retail business, which represents more than 98% of consolidated sales and other revenue and operates in the U.S. and Canada, is its only reportable segment.

The following table presents information about the Company by geographic area (in millions):


	U.S.		Canada		Total
2007
Sales and other revenue	$	36,271.4	$	6,014.6	$	42,286.0
Operating profit		1,496.7		275.4		1,772.1
Income before income taxes		1,141.9		261.7		1,403.6
Long-lived assets, net		9,153.9		1,468.1		10,622.0
Total assets		15,453.6		2,197.4		17,651.0

2006
Sales and other revenue	$	34,721.1	$	5,463.9	$	40,185.0
Operating profit		1,370.4		229.4		1,599.8
Income before income taxes		1,029.2		210.8		1,240.0
Long-lived assets, net		8,553.5		1,219.8		9,773.3
Total assets		14,456.9		1,816.9		16,273.8

2005
Sales and other revenue	$	33,568.8	$	4,847.2	$	38,416.0
Operating profit		1,090.9		123.8		1,214.7
Income before income taxes ⁽¹⁾		723.7		125.3		849.0
Long-lived assets, net		8,028.0		1,069.1		9,097.1
Total assets		14,141.2		1,615.7		15,756.9

(1)	As a result of the Advance Pricing Agreement negotiated in 2005 (see Note H), Canada income before tax expense for 2005 has been reduced, and U.S. income before tax expense for 2005 has been increased by intercompany charges which are eliminated in consolidation.

SAFEWAY INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

Note L: Segments

SIZE="2">Safeway’s retail business, which represents more than 98% of consolidated sales and other revenue and operates in the U.S. and Canada, is its only reportable segment.

FACE="ARIAL" SIZE="2">The following table presents information about the Company by geographic area (in millions):


	U.S.		Canada		Total
2007
Sales and other revenue	$	36,271.4	$	6,014.6	$	42,286.0
Operating profit		1,496.7		275.4		1,772.1
Income before income taxes		1,141.9		261.7		1,403.6
Long-lived assets, net		9,153.9		1,468.1		10,622.0
Total assets		15,453.6		2,197.4		17,651.0

2006
Sales and other revenue	$	34,721.1	$	5,463.9	$	40,185.0
Operating profit		1,370.4		229.4		1,599.8
Income before income taxes		1,029.2		210.8		1,240.0
Long-lived assets, net		8,553.5		1,219.8		9,773.3
Total assets		14,456.9		1,816.9		16,273.8

2005
Sales and other revenue	$	33,568.8	$	4,847.2	$	38,416.0
Operating profit		1,090.9		123.8		1,214.7
Income before income taxes ⁽¹⁾		723.7		125.3		849.0
Long-lived assets, net		8,028.0		1,069.1		9,097.1
Total assets		14,141.2		1,615.7		15,756.9

(1)	As a result of the Advance Pricing Agreement negotiated in 2005 (see Note H), Canada income before tax expense for 2005 has been reduced, and U.S. income before tax expense for 2005 has been increased by intercompany charges which are eliminated in consolidation.

SAFEWAY INC. AND SUBSIDIARIES

ALIGN="center">Notes to Consolidated Financial Statements

This excerpt taken from the SWY 10-K filed Feb 26, 2007.

Note L: Segments

Safeway’s retail business, which represents more than 98% of consolidated sales and other revenue and operates in the U.S. and Canada, is its only reportable segment.

The following table presents information about the Company by geographic area (in millions):


	U.S.		Canada		Total
2006
Sales and other revenue	$	34,721.1	$	5,463.9	$	40,185.0
Operating profit		1,370.4		229.4		1,599.8
Income before income taxes		1,029.2		210.8		1,240.0
Long-lived assets, net		8,553.5		1,219.8		9,773.3
Total assets		14,456.9		1,816.9		16,273.8

2005
Sales and other revenue	$	33,568.8	$	4,847.2	$	38,416.0
Operating profit		1,090.9		123.8		1,214.7
Income before income taxes ⁽¹⁾		723.7		125.3		849.0
Long-lived assets, net		8,028.0		1,069.1		9,097.1
Total assets		14,141.2		1,615.7		15,756.9

2004
Sales and other revenue	$	31,463.0	$	4,359.9	$	35,822.9
Operating profit		928.9		243.9		1,172.8
Income before income taxes		550.2		243.7		793.9
Long-lived assets, net		7,796.9		892.5		8,689.4
Total assets		13,753.5		1,623.9		15,377.4

(1)	As a result of the Advance Pricing Agreement negotiated in 2005 (see Note H), Canada income before tax expense for 2005 has been reduced, and U.S. income before tax expense for 2005 has been increased by intercompany charges which are eliminated in consolidation.

SAFEWAY INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

This excerpt taken from the SWY 10-K filed Mar 10, 2006.

Note L: Segments

Safeway’s retail business, which represents more than 98% of consolidated sales and other revenue and operates in the U.S. and Canada, is its only reportable segment.

The following table presents information about the Company by geographic area (in millions):


	U.S.			Canada		Total
2005
Sales and other revenue	$	33,568.8		$	4,847.2	$	38,416.0
Operating profit		1,090.9			123.8		1,214.7
Income before income taxes ⁽¹⁾		723.7			125.3		849.0
Long-lived assets, net		8,028.0			1,069.1		9,097.1
Total assets		14,141.2			1,615.7		15,756.9

2004
Sales and other revenue	$	31,463.0		$	4,359.9	$	35,822.9
Operating profit		928.9			243.9		1,172.8
Income before income taxes		550.2			243.7		793.9
Long-lived assets, net		7,796.9			892.5		8,689.4
Total assets		13,753.5			1,623.9		15,377.4

2003
Sales and other revenue	$	31,678.7		$	4,048.5	$	35,727.2
Operating profit		344.1			229.8		573.9
(Loss) income before income taxes		(86.2	)		227.3		141.1
Long-lived assets, net		7,607.9			797.9		8,405.8
Total assets		13,679.8			1,416.9		15,096.7

(1)	As a result of the Advance Pricing Agreement negotiated in 2005 (see Note H), Canada income before tax expense for 2005 has been reduced, and U.S. income before tax expense for 2005 has been increased by intercompany charges which are eliminated in consolidation.

SAFEWAY INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

This excerpt taken from the SWY 10-K filed Mar 16, 2005.

Note M: Segments

Safeway’s retail grocery business, which represents more than 98% of consolidated sales and other revenue and operates in the United States and Canada, is its only reportable segment.

The following table presents information about the Company by geographic area (in millions):


	U.S.			Canada		Total
2004
Sales and other revenue	$	31,463.0		$	4,359.9	$	35,822.9
Operating profit		928.9			243.9		1,172.8
Income before income taxes		550.2			243.7		793.9
Long-lived assets, net		7,796.9			892.5		8,689.4
Total assets		13,753.5			1,623.9		15,377.4

2003
Sales and other revenue	$	31,678.7		$	4,048.5	$	35,727.2
Operating profit		344.1			229.8		573.9
(Loss) income before income taxes		(86.2	)		227.3		141.1
Long-lived assets, net		7,607.9			797.9		8,405.8
Total assets		13,679.8			1,416.9		15,096.7

2002
Sales and other revenue	$	31,437.4		$	3,479.8	$	34,917.2
Operating profit		773.0			174.6		947.6
Income before income taxes and cumulative effect of accounting change		363.3			169.0		532.3
Long-lived assets, net		7,876.8			654.0		8,530.8
Total assets		14,948.8			1,098.4		16,047.2

SAFEWAY INC. AND SUBSIDIARIES

EXCERPTS ON THIS PAGE:

10-K (2 sections)	Feb 26, 2008

10-K	Feb 26, 2007

10-K	Mar 10, 2006

10-K	Mar 16, 2005

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Safeway (SWY)

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