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Segment Reporting (Tables)
12 Months Ended
Feb. 29, 2020
Segment Reporting  
Schedule of balance sheet information for the Company's reportable segments

    

Retail

    

Pharmacy

    

    

Pharmacy

Services

Eliminations(1)

Consolidated

February 29, 2020:

Total Assets

$

6,757,196

$

2,709,737

$

(14,564)

$

9,452,369

Goodwill

 

43,492

1,064,644

 

 

1,108,136

March 2, 2019:

Total Assets

$

5,071,055

$

2,534,771

$

(14,459)

$

7,591,367

Goodwill

 

43,492

1,064,644

 

 

1,108,136

(1)As of February 29, 2020 and March 2, 2019, intersegment eliminations include netting of the Pharmacy Services segment long-term deferred tax liability of $0 against the Retail Pharmacy segment long-term deferred tax asset for consolidation purposes in accordance with ASC 740, and intersegment accounts receivable of $14,564 and $14,459, respectively, that represents amounts owed from the Pharmacy Services segment to the Retail Pharmacy segment that are created when Pharmacy Services segment customers use Retail Pharmacy segment stores to purchase covered products.

Schedule of reconciliation of the Company's business segments to the condensed consolidated financial statements

Retail

Pharmacy

Intersegment

    

Pharmacy

    

Services

    

Eliminations(1)

    

Consolidated

February 29, 2020:

Revenues

$

15,616,186

$

6,559,560

$

(247,353)

$

21,928,393

Gross Profit

 

4,274,836

 

451,922

 

 

4,726,758

Adjusted EBITDA(2)

 

370,435

 

167,776

 

 

538,211

Additions to property and equipment and intangible assets

192,489

21,897

214,386

March 2, 2019:

Revenues

$

15,757,152

$

6,093,688

$

(211,283)

$

21,639,557

Gross Profit

 

4,258,716

 

417,636

 

 

4,676,352

Adjusted EBITDA(2)

 

405,206

 

158,238

 

 

563,444

Additions to property and equipment and intangible assets

228,079

16,610

244,689

March 3, 2018:

 

  

 

  

 

  

 

  

Revenues

$

15,832,625

$

5,896,669

$

(200,326)

$

21,528,968

Gross Profit

 

4,372,373

 

407,732

 

 

4,780,105

Adjusted EBITDA(2)

 

388,320

 

171,534

 

 

559,854

Additions to property and equipment and intangible assets

199,437

15,327

214,764

(1)Intersegment eliminations include intersegment revenues and corresponding cost of revenues that occur when Pharmacy Services segment customers use Retail Pharmacy segment stores to purchase covered products. When this occurs, both the Retail Pharmacy and Pharmacy Services segments record the revenue on a stand-alone basis.
(2)See the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Continuing Operations—Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) per Diluted Share and Other Non-GAAP Measures” for additional details.
Schedule of reconciliation of net (loss) income to Adjusted EBITDA

    

February 29,

March 2,

March 3,

2020

    

2019

    

2018

(52 weeks)

(52 weeks)

(52 weeks)

Net loss from continuing operations

$

(469,219)

$

(666,954)

$

(349,532)

Interest expense

 

229,657

 

227,728

 

202,768

Income tax expense

 

387,607

 

77,477

 

305,987

Depreciation and amortization

328,277

357,882

386,057

LIFO (credit) charge

 

(64,804)

 

23,354

 

(28,827)

Lease termination and impairment charges

 

42,843

 

107,994

 

58,765

Goodwill and intangible asset impairment charges

 

 

375,190

 

261,727

(Gain) loss on debt retirements, net

(55,692)

554

Merger and Acquisition-related costs

 

3,599

 

37,821

 

24,283

Stock-based compensation expense

16,087

12,115

25,793

Restructuring-related costs

105,642

4,704

Inventory write-downs related to store closings

4,652

13,487

7,586

Litigation settlement

18,000

Loss (gain) on sale of assets, net

4,226

(38,012)

(25,872)

Walgreens Boots Alliance merger termination fee

(325,000)

Other

 

5,336

 

12,104

 

16,119

Adjusted EBITDA from continuing operations

$

538,211

$

563,444

$

559,854

.