134
Five-year overview
-
Ahold
Annual Report 2010
Group at a glance
Performance
Governance
Financials
Results, cash flow and other information
million, except per share data
2010
2009
2008
2007
2006
Net sales
29,530
27,925
25,648
24,824
24,584
Net sales growth at constant exchange rates1
4.4%
3.9%
6.9%
6.6%
4.2%
Operating income
1,336
1,297
1,202
1,071
992
Underlying retail operating margin
4.9%
5.1%
5.1%
4.9%
4.8%
Net interest expense
(270)
(289)
(233)
(293)
(450)
Income (loss) from continuing operations
863
972
887
779
680
Income (loss) from discontinued operations
(10)
(78)
195
2,167
235
Net income
853
894
1,082
2,946
915
Net income per common share (basic)
0.73
0.76
0.92
2.03
0.58
Net income per common share (diluted)
0.72
0.74
0.90
2.01
0.58
Income (loss) per common share from continuing operations (diluted)
0.73
0.81
0.74
0.53
0.44
Dividend per common share
0.29
0.23
0.18
0.16
Free cash flow2
1,112
948
638
633
292
Net cash from operating, investing, and financing activities
(157)
(169)
(445)
1,487
(249)
Capital expenditures (including acquisitions)3
1,117
788
1,094
807
1,234
Capital expenditures as of net sales
3.8%
2.8%
4.3%
3.3%
5.0%
Average exchange rate per
0.7555
0.7194
0.6828
0.7307
0.7964
1 Net sales growth in 2010 and 2009 is adjusted for the impact of week 53 in 2009.
2 Includes the settlement of the securities class action of €536 million in 2006 and €284 million in 2007.
3 The amounts represent additions to property, plant and equipment, investment property, and intangible assets. The amounts include assets acquired through business
combinations and exclude discontinued operations.
Balance sheet and other information
million
January 2,
2011
January 3,
2010
December 28,
2008
December 30,
2007
December 31,
2006
Equity1
5,910
5,440
4,687
3,897
5,270
Gross debt
3,561
3,700
4,241
5,379
6,480
Cash, cash equivalents, and short-term deposits
2,824
2,983
2,863
3,263
1,844
Net debt
737
717
1,378
2,116
4,636
Net debt equity ratio
12%
13%
29%
54%
88%
Total assets
14,725
13,933
13,603
13,953
18,442
Number of stores
2,970
2,909
2,897
3,225
3,480
Number of employees (in FTEs)
122,027
118,121
118,523
118,715
164,078
Number of employees (headcount)2
212,527
206,287
202,569
196,736
243,875
Common shares outstanding (x 1,000)1
1,145,145
1,181,214
1,176,685
1,171,922
1,555,678
Share price at Euronext
9.88
9.26
8.83
9.47
8.06
Market capitalization1
11,314
10,938
10,390
11,098
12,539
Year-end exchange rate per
0.7474
0.6980
0.7111
0.6795
0.7576
1 In 2010, €386 million was returned to shareholders through a share buyback. In 2007, €4 billion was returned to shareholders through a capital repayment and share buyback.
2 Number of employees (headcount) in 2007 and 2006 has been adjusted from numbers previously reported to include discontinued operations.
