Dollar General (DG) FY2016 results: revenue $22.0 billion, up 7.9% on the year
Dollar General Corp. (DG) reported revenue of $22.0 billion for fiscal 2016, the year ended 3 February 2017, up 7.9% on the year before. Net income was $1.3 billion, up 7.4%, and diluted earnings per share $4.43. The figures are the company's own, from the 10-K it filed with the SEC on 22 March 2019.
Revenue
$22.0 billion
+7.9% on the year
FY2009FY2016
Operating margin
9.4%
9.5% a year earlier
FY2009FY2016
Net income
$1.3 billion
+7.4% on the year
FY2009FY2016
Diluted EPS
$4.43
+12.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
21,987
20,369
18,910
+7.9%
Cost of revenue
15,204
14,062
13,107
+8.1%
Gross profit
6,783
6,306
5,803
+7.6%
Gross margin
30.8%
31.0%
30.7%
Selling, general and administrative
4,719
4,366
4,033
+8.1%
Operating income
2,063
1,940
1,769
+6.3%
Operating margin
9.4%
9.5%
9.4%
Interest expense
97.8
86.9
88.2
+12.5%
Pre-tax income
1,966
1,853
1,681
+6.1%
Income tax
714
688
616
+3.9%
Effective tax rate
36.3%
37.1%
36.6%
Net income
1,251
1,165
1,065
+7.4%
Net margin
5.7%
5.7%
5.6%
Diluted EPS
$4.43
$3.95
$3.49
+12.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,605
1,392
1,327
+15.3%
Capital expenditure
560
505
374
+11.0%
Free cash flow
1,045
887
953
+17.8%
Free cash flow margin
4.8%
4.4%
5.0%
Cash from investing
-551
-503
n/a
Cash from financing
-1,024
-1,310
n/a
Depreciation and amortisation
380
352
342
+7.8%
Share-based compensation
37.0
38.5
37.3
-4.1%
Buybacks
990
1,300
800
-23.8%
Dividends paid
281
258
n/a
+8.8%
Dividend per share
$1.00
$0.88
n/a
+13.6%
Diluted shares, weighted
282m
295m
306m
-4.4%
Shares outstanding at period end
275m
287m
303m
-4.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,406
5,378
5,710
+0.5%
Debt
3,212
2,969
2,725
+8.2%
Other liabilities
3,054
2,911
2,789
+4.9%
Total liabilities and equity
11,672
11,258
11,224
+3.7%
Fixed assets
2,434
2,264
2,116
+7.5%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,201
1,201
1,202
-0.0%
Cash and equivalents
188
158
580
+19.0%
Inventory
3,259
3,074
2,783
+6.0%
Other assets
252
222
205
+13.4%
Total assets
11,672
11,258
11,224
+3.7%
10-K for the year ended 3 February 2017, filed 22 March 2019: the filing.