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 investments155161218144447245124
Cash and cash equivalents155161218144447245124
Receivables1,9171,4621,3211,7891,8691,7711,601
Inventory, net of allowances, customer advances and progress billings1,9501,8651,9221,8721,8002,8372,697
Inventory1,9501,8651,9221,8721,8002,8372,697
Disposal group, including discontinued operation  92118438  
Other undisclosed current assets34107147179181212128
Total current assets:4,0563,5953,7014,1024,7355,0654,551
Noncurrent Assets
Operating lease, right-of-use asset2,9163,0642,903
Property, plant and equipment  1,2161,3091,4312,2522,255
Intangible assets, net (including goodwill)1,4151,4491,4681,5572,0122,5512,718
Goodwill1,1081,1081,1081,1081,4211,7151,713
Intangible assets, net (excluding goodwill)3073413594495908361,004
Deferred income tax assets151517
Other noncurrent assets82132148215217220214
Deferred tax assets, net4095941,5061,539
Other undisclosed noncurrent assets1,0151,080     
Total noncurrent assets:5,4435,7405,7523,4904,2546,5286,726
TOTAL ASSETS:9,4999,3359,4527,5918,98911,59411,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5481,7631,8282,0152,2022,2482,222
Accounts payable1,5481,4371,4841,6191,6511,6141,543
Employee-related liabilities 233255302360426457
Taxes payable 747781125141156
Interest and dividends payable 191214656666
Debt66916212127
Disposal group, including discontinued operation  37 560  
Other liabilities 252305269342388350
Other undisclosed current liabilities1,395581588143339349398
Total current liabilities:2,9492,6032,7662,4433,4643,0052,997
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1823,0803,0973,4793,3717,3076,967
Long-term debt, excluding current maturities3,1673,0633,0773,4553,3407,2636,914
Finance lease, liability151719
Capital lease obligations24314453
Operating lease, liability2,6932,8292,710
Other undisclosed long-term debt and lease obligation(2,693)(2,829)(2,710)    
Liabilities, other than long-term debt203208204483553667731
Other liabilities203208204483553667731
Other undisclosed noncurrent liabilities2,6932,8292,710    
Total noncurrent liabilities:6,0786,1176,0113,9623,9247,9747,699
Total liabilities:9,0278,7208,7786,4057,38810,98010,696
Stockholders' equity
Stockholders' equity attributable to parent4726156751,1871,601614581
Common stock565555541,0671,0541,048
Additional paid in capital5,9025,8975,8915,8774,8514,8404,823
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:4726156751,1871,601614581
TOTAL LIABILITIES AND EQUITY:9,4999,3359,4527,5918,98911,59411,277

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
Revenues26,34524,04321,92821,64021,52932,84530,737
Revenue, net21,52932,84530,737
Cost of revenue(21,236)(19,339)(17,202)(16,963)(16,749)(25,071)(22,910)
Gross profit:5,1094,7044,7274,6764,7807,7747,826
Operating expenses(4,984)(4,618)(4,592)(5,038)(4,946)(7,294)(7,065)
Operating income (loss):12587135(361)(166)480761
Nonoperating income4848     
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)48278
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)48278
Income tax expense (benefit)5320(388)(77)(306)(44)(113)
Income (loss) from continuing operations:(124)(100)(469)(667)(350)4165
Income from discontinued operations119172451,293  
Net income (loss) available to common stockholders, diluted:(113)(91)(452)(422)9434165

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)9434165
Comprehensive income (loss):(113)(91)(452)(422)9434165
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2525(18)375(2)
Comprehensive income (loss), net of tax, attributable to parent:(88)(66)(470)(419)95110164

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.

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