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efta-01382268DOJ Data Set 10OtherEFTA01382268
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DOJ Data Set 10
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efta-01382268
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Amendment No. 3 to Form S-I
Table of Contents
The Safeway acquisition had a material impact on our results of operations. Accordingly, we have included in this prospectus
pro forma information which gives effect to the Safeway acquisition, this offering and the IPO-Related Transactions, as more fully
described in the notes below. See "Unaudited Pro Forma Condensed Consolidated Financial Information" for additional information
(in millions, except per share amounts).
First Quarter 2015
First Quarter 2014
12 Months
Ended
June 20, 2015
Fiscal 2014
Fiscal
2013(3)
Fiscal
2012(3)
Pro
Forma(2)
(7)
Actual
Pro
Forma(2)
Actual
Pro
Forma (2)
Pro
Forma(2)
Actual(1)
Results of Operations:
Sales and other revenue
17,607
$18,051
$ 17.220
$ 7,212
$
57,884
$ 57.497
$ 27,199
$20,055
$ 3,712
Gross profit
S
4.784
$ 4.918
$
4.525
$ 1.991
$
15,742
$ 15.483
$
7.503
$ 5,399
$
938
Selling & administrative expenses
4,710
4,821
4,425
1,959
15.476
15,191
8,152
5,874
899
Bargain purchase gain
—
(2,005)
Operating income (loss)
74
97
100
32
266
292
(649)
1,530
39
Interest expense
257
284
256
140
850
849
633
390
7
Other (income) expense. net
(5)
(5)
(23)
23
(1)
(19)
96
—
—
(Loss) income before income taxes
(178)
(182)
(133)
(131)
(583)
(538)
(1,378)
1,140
32
Income tax (benefit) expense
(69)
(29)
(52)
(14)
(225)
(208)
(153)
(573)
2
(Loss) income from continuing
operations. net of tax
(109)
(153)
(81)
(117)
(358)
(330)
(1,225)
1,713
30
Income from discontinued operations,
net of tax
20
49
Net (loss) income
$
(109) $ (153)
S
(81) $ (117) $
(358) $
(330)
S (1,225) $ 1,733
$
79
Per Share Data:
Net income (loss) per share—basic and
diluted(4)
(0.23)
(0.17)
(0.75)
(0.69)
Weighted average shares outstanding
—basic and diluted(4)
475
475
475
475
Other Financial Data:
Adjusted EBITDA(5)
$
704
$
728
$
608
$ 253
$
2,463
$
2,367
$
1,099
$
586
$
65
Adjusted Net Income(5)
61
55
(2)
(14)
302
239
58
174
39
Adjusted Net Income per share—basic
and diluted(5)
0.13
(0.01)
0.64
0.50
Capital expenditures
215
215
285
97
778
848
328
128
29
Free cash flow(6)
489
513
323
156
1,685
1.519
771
458
36
Other Operating Data:
Identical store sales
4.3%
5.1%
4.8%
8.4%
4.5%
4.6%
7.2%
1.6%
1.9%
Store count (at end of fiscal period)
2.205
2,205
2234
1.076
2,205
2.229
Z382
1,075
192
Gross square footage (at end of fiscal
period) fin millions)
110
110
111
56
110
111
118
56
11
Fuel sales
$
1,008
$ 1,010
$
1.360
$
67
$
3,617
$
3.969
$
387
$
47
$
—
Balance Sheet Data (at end of
period):
Cash and equivalents
S
939
$
989
$ 260
$
989
$
1.126
$
307
$
37
Total assets
24,469
24,469
9,062
24.469
25.762
9,359
586
Total members' equity (deficit)
3.527
2,064
1,634
3,527
2.169
1,760
(247)
Total debt
10.698
12.145
3,623
10.698
12.509
3.694
120
Fiscal
2015
Fiscal 2014
Fiscal 2013
Fiscal 2012
Identical Store Sales(a) Q1'15
04'14
0394
02'14
Q1'14
04'13
03'13
0213
0113
04'12
0312
021 2
Q1'12
Legacy Albertson
Stores
2.1%
3.1%
2.6%
3.4%
1.3%
1.4%
3.3%
0.1%
1.2%
1.4%
2.2%
2.7%
1.6%
SVU Albertson Stores
9.5%
8.5%
8.0%
7.5%
8.7%
5.8%
5.6%
(0.4)%
(2.5)%
(5.6)%
(5.0)%
(4.0)%
(4.5)%
NM Stores
4.1%
3.6%
8.5%
11.9%
12.2%
10.4%
4.9%
0.6%
(2.9)%
(5.7)%
(4.6)%
(5.1)%
(4.0)%
Safeway(b)
3.8%
3.5%
3.2%
3.1%
2.2%
1.1%
1.8%
1.8%
1.1%
1.4%
1.3%
0.1%
1.0%
http. NVWV,SCC.1:O1. AR:hi%
'Agar data 1646972 0001193125153358264900395dslithim110 14 2015 903.02 AMI
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0081557
SDNY_GM_00227741
EFTA01382268
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