Dollar General (DG) FY2014 results: revenue $18.9 billion, up 8.0% on the year
Dollar General Corp. (DG) reported revenue of $18.9 billion for fiscal 2014, the year ended 30 January 2015, up 8.0% on the year before. Net income was $1.1 billion, up 3.9%, and diluted earnings per share $3.49. The figures are the company's own, from the 10-K it filed with the SEC on 20 March 2015.
Revenue
$18.9 billion
+8.0% on the year
FY2009FY2014
Operating margin
9.4%
9.9% a year earlier
FY2009FY2014
Net income
$1.1 billion
+3.9% on the year
FY2009FY2014
Diluted EPS
$3.49
+10.1% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
18,910
17,504
16,022
+8.0%
Cost of revenue
13,107
12,068
10,937
+8.6%
Gross profit
5,803
5,436
5,085
+6.7%
Gross margin
30.7%
31.1%
31.7%
Selling, general and administrative
4,033
3,700
3,430
+9.0%
Operating income
1,769
1,736
1,655
+1.9%
Operating margin
9.4%
9.9%
10.3%
Interest expense
88.2
89.0
128
-0.8%
Pre-tax income
1,681
1,628
1,497
+3.2%
Income tax
616
603
545
+2.0%
Effective tax rate
36.6%
37.0%
36.4%
Net income
1,065
1,025
953
+3.9%
Net margin
5.6%
5.9%
5.9%
Diluted EPS
$3.49
$3.17
$2.85
+10.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,327
1,213
1,131
+9.4%
Capital expenditure
374
538
572
-30.5%
Free cash flow
953
675
560
+41.3%
Free cash flow margin
5.0%
3.9%
3.5%
Depreciation and amortisation
342
333
303
+2.9%
Share-based compensation
37.3
21.0
21.7
+78.1%
Buybacks
800
620
671
+29.0%
Diluted shares, weighted
306m
324m
334m
-5.6%
Shares outstanding at period end
303m
317m
327m
-4.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,710
5,402
4,985
+5.7%
Debt
2,725
2,819
2,771
-3.3%
Other liabilities
2,789
2,647
2,611
+5.4%
Total liabilities and equity
11,224
10,868
10,368
+3.3%
Fixed assets
2,116
2,080
2,089
+1.7%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,202
1,208
1,220
-0.5%
Cash and equivalents
580
506
141
+14.7%
Inventory
2,783
2,553
2,397
+9.0%
Other assets
205
182
183
+12.5%
Total assets
11,224
10,868
10,368
+3.3%
10-K for the year ended 30 January 2015, filed 20 March 2015: the filing.