166
Five-year overview
Results, cash How and other information
Ahold
Annual Report 2015
Ahold at a glance
Business review
Governance
million, except per share data, exchange rates and percentages
2015
2014
2013
2012
2011
Net sales
38,203
32,774
32,615
32,682
30,098
Net sales growth at constant exchange rates1
2.3%
0.8%
2.0%
3.6%
5.5%
Operating income
1,318
1,250
1,239
1,336
1,351
Underlying operating margin
3.8%
3.9%
4.2%
4.3%
4.6%
Net interest expense
(244)
(222)
(242)
(207)
(223)
Income from continuing operations
849
791
805
869
914
Income (loss) from discontinued operations
2
(197)
1,732
46
103
Net income
851
594
2,537
915
1,017
Net income per common share (basic)
1.04
0.68
2.48
0.88
0.92
Net income per common share (diluted)
1.02
0.67
2.39
0.85
0.89
Income from continuing operations per common share (basic)
1.04
0.90
0.79
0.84
0.82
Income from continuing operations per common share (diluted)
1.02
0.88
0.77
0.81
0.80
Dividend per common share
0.52
0.48
0.47
0.44
0.40
Free cash flow
1,184
1,055
1,109
1,051
845
Net cash from operating, investing and financing activities
73
(1,005)
681
(511)
(226)
Capital expenditures (including acquisitions)2
1,172
1,006
843
1,876
880
Capital expenditures as of net sales
3.1%
3.1%
2.6%
5.7%
2.9%
Regular capital expenditures
811
740
830
929
807
Regular capital expenditures as of net sales
2.1%
2.3%
2.5%
2.8%
2.7%
Average exchange rate per
0.9001
0.7529
0.7533
0.7782
0.7189
1 Net sales growth in 2015 is adjusted for the impact of week 53 in 2015.
2 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.
