Rite Aid Corporation (RAD) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
30 HUNTER LANE CAMP HILL OWN, PA 17011 |
| State of Incorp. | DE |
| Fiscal Year End | February 28 |
| Industry (SIC) | 5912 - Drug Stores and Proprietary Stores (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 11/30/2021 TTM | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 155 | 161 | 218 | 144 | 447 | 245 | 124 | ||
| Cash and cash equivalents | 155 | 161 | 218 | 144 | 447 | 245 | 124 | ||
| Receivables | 1,917 | 1,462 | 1,321 | 1,789 | 1,869 | 1,771 | 1,601 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,950 | 1,865 | 1,922 | 1,872 | 1,800 | 2,837 | 2,697 | ||
| Inventory | 1,950 | 1,865 | 1,922 | 1,872 | 1,800 | 2,837 | 2,697 | ||
| Disposal group, including discontinued operation | 92 | 118 | 438 | ||||||
| Other undisclosed current assets | 34 | 107 | 147 | 179 | 181 | 212 | 128 | ||
| Total current assets: | 4,056 | 3,595 | 3,701 | 4,102 | 4,735 | 5,065 | 4,551 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,916 | 3,064 | 2,903 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,216 | 1,309 | 1,431 | 2,252 | 2,255 | ||||
| Intangible assets, net (including goodwill) | 1,415 | 1,449 | 1,468 | 1,557 | 2,012 | 2,551 | 2,718 | ||
| Goodwill | 1,108 | 1,108 | 1,108 | 1,108 | 1,421 | 1,715 | 1,713 | ||
| Intangible assets, net (excluding goodwill) | 307 | 341 | 359 | 449 | 590 | 836 | 1,004 | ||
| Deferred income tax assets | 15 | 15 | 17 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 82 | 132 | 148 | 215 | 217 | 220 | 214 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 409 | 594 | 1,506 | 1,539 | ||
| Other undisclosed noncurrent assets | 1,015 | 1,080 | |||||||
| Total noncurrent assets: | 5,443 | 5,740 | 5,752 | 3,490 | 4,254 | 6,528 | 6,726 | ||
| TOTAL ASSETS: | 9,499 | 9,335 | 9,452 | 7,591 | 8,989 | 11,594 | 11,277 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,548 | 1,763 | 1,828 | 2,015 | 2,202 | 2,248 | 2,222 | ||
| Accounts payable | 1,548 | 1,437 | 1,484 | 1,619 | 1,651 | 1,614 | 1,543 | ||
| Employee-related liabilities | 233 | 255 | 302 | 360 | 426 | 457 | |||
| Taxes payable | 74 | 77 | 81 | 125 | 141 | 156 | |||
| Interest and dividends payable | 19 | 12 | 14 | 65 | 66 | 66 | |||
| Debt | 6 | 6 | 9 | 16 | 21 | 21 | 27 | ||
| Disposal group, including discontinued operation | 37 | 560 | |||||||
| Other liabilities | 252 | 305 | 269 | 342 | 388 | 350 | |||
| Other undisclosed current liabilities | 1,395 | 581 | 588 | 143 | 339 | 349 | 398 | ||
| Total current liabilities: | 2,949 | 2,603 | 2,766 | 2,443 | 3,464 | 3,005 | 2,997 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,182 | 3,080 | 3,097 | 3,479 | 3,371 | 7,307 | 6,967 | ||
| Long-term debt, excluding current maturities | 3,167 | 3,063 | 3,077 | 3,455 | 3,340 | 7,263 | 6,914 | ||
| Finance lease, liability | 15 | 17 | 19 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 24 | 31 | 44 | 53 | ||
| Operating lease, liability | 2,693 | 2,829 | 2,710 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (2,693) | (2,829) | (2,710) | ||||||
| Liabilities, other than long-term debt | 203 | 208 | 204 | 483 | 553 | 667 | 731 | ||
| Other liabilities | 203 | 208 | 204 | 483 | 553 | 667 | 731 | ||
| Other undisclosed noncurrent liabilities | 2,693 | 2,829 | 2,710 | ||||||
| Total noncurrent liabilities: | 6,078 | 6,117 | 6,011 | 3,962 | 3,924 | 7,974 | 7,699 | ||
| Total liabilities: | 9,027 | 8,720 | 8,778 | 6,405 | 7,388 | 10,980 | 10,696 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 472 | 615 | 675 | 1,187 | 1,601 | 614 | 581 | ||
| Common stock | 56 | 55 | 55 | 54 | 1,067 | 1,054 | 1,048 | ||
| Additional paid in capital | 5,902 | 5,897 | 5,891 | 5,877 | 4,851 | 4,840 | 4,823 | ||
| Accumulated other comprehensive loss | (24) | (24) | (49) | (31) | (35) | (42) | (48) | ||
| Accumulated deficit | (5,463) | (5,313) | (5,222) | (4,713) | (4,282) | (5,237) | (5,241) | ||
| Total stockholders' equity: | 472 | 615 | 675 | 1,187 | 1,601 | 614 | 581 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,499 | 9,335 | 9,452 | 7,591 | 8,989 | 11,594 | 11,277 | ||
Income Statement (P&L) ($ in millions)
| 11/30/2021 TTM | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,345 | 24,043 | 21,928 | 21,640 | 21,529 | 32,845 | 30,737 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 21,529 | 32,845 | 30,737 | |
| Cost of revenue | (21,236) | (19,339) | (17,202) | (16,963) | (16,749) | (25,071) | (22,910) | |
| Gross profit: | 5,109 | 4,704 | 4,727 | 4,676 | 4,780 | 7,774 | 7,826 | |
| Operating expenses | (4,984) | (4,618) | (4,592) | (5,038) | (4,946) | (7,294) | (7,065) | |
| Operating income (loss): | 125 | 87 | 135 | (361) | (166) | 480 | 761 | |
| Nonoperating income | 48 | 48 | ||||||
| Investment income, nonoperating | 48 | |||||||
| Interest and debt expense | (230) | (201) | (174) | (228) | (211) | (432) | (483) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (57) | (67) | (39) | (589) | (377) | 48 | 278 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (120) | (53) | (43) | 333 | ||||
| Income (loss) from continuing operations before income taxes: | (177) | (120) | (82) | (589) | (44) | 48 | 278 | |
| Income tax expense (benefit) | 53 | 20 | (388) | (77) | (306) | (44) | (113) | |
| Income (loss) from continuing operations: | (124) | (100) | (469) | (667) | (350) | 4 | 165 | |
| Income from discontinued operations | 11 | 9 | 17 | 245 | 1,293 | |||
| Net income (loss) available to common stockholders, diluted: | (113) | (91) | (452) | (422) | 943 | 4 | 165 | |
Comprehensive Income ($ in millions)
| 11/30/2021 TTM | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (113) | (91) | (452) | (422) | 943 | 4 | 165 | |
| Comprehensive income (loss): | (113) | (91) | (452) | (422) | 943 | 4 | 165 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 25 | 25 | (18) | 3 | 7 | 5 | (2) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (88) | (66) | (470) | (419) | 951 | 10 | 164 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.