Dollar General (DG) FY2013 results: revenue $17.5 billion, up 9.2% on the year
Dollar General Corp. (DG) reported revenue of $17.5 billion for fiscal 2013, the year ended 31 January 2014, up 9.2% on the year before. Net income was $1.0 billion, up 7.6%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 20 March 2014.
Revenue
$17.5 billion
+9.2% on the year
FY2009FY2013
Operating margin
9.9%
10.3% a year earlier
FY2009FY2013
Net income
$1.0 billion
+7.6% on the year
FY2009FY2013
Diluted EPS
$3.17
+11.2% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
17,504
16,022
14,807
+9.2%
Cost of revenue
12,068
10,937
10,109
+10.3%
Gross profit
5,436
5,085
4,698
+6.9%
Gross margin
31.1%
31.7%
31.7%
Selling, general and administrative
3,700
3,430
3,207
+7.9%
Operating income
1,736
1,655
1,491
+4.9%
Operating margin
9.9%
10.3%
10.1%
Interest expense
89.0
128
205
-30.4%
Pre-tax income
1,628
1,497
1,225
+8.7%
Income tax
603
545
459
+10.7%
Effective tax rate
37.0%
36.4%
37.4%
Net income
1,025
953
767
+7.6%
Net margin
5.9%
5.9%
5.2%
Diluted EPS
$3.17
$2.85
$2.22
+11.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,213
1,131
1,050
+7.2%
Capital expenditure
538
572
515
-5.8%
Free cash flow
675
560
536
+20.5%
Free cash flow margin
3.9%
3.5%
3.6%
Depreciation and amortisation
333
303
275
+9.9%
Share-based compensation
21.0
21.7
15.2
-3.2%
Buybacks
620
671
187
-7.7%
Diluted shares, weighted
324m
334m
345m
-3.2%
Shares outstanding at period end
317m
327m
338m
-3.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,402
4,985
4,668
+8.4%
Debt
2,819
2,771
2,618
+1.7%
Other liabilities
2,647
2,611
2,402
+1.4%
Total liabilities and equity
10,868
10,368
9,689
+4.8%
Fixed assets
2,080
2,089
1,795
-0.4%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,208
1,220
1,236
-1.0%
Cash and equivalents
506
141
126
+259.0%
Inventory
2,553
2,397
2,009
+6.5%
Other assets
182
183
184
-0.3%
Total assets
10,868
10,368
9,689
+4.8%
10-K for the year ended 31 January 2014, filed 20 March 2014: the filing.