Dollar General (DG) FY2017 results: revenue $23.5 billion, up 6.8% on the year
Dollar General Corp. (DG) reported revenue of $23.5 billion for fiscal 2017, the year ended 2 February 2018, up 6.8% on the year before. Net income was $1.5 billion, up 23.0%, and diluted earnings per share $5.63. The figures are the company's own, from the 10-K it filed with the SEC on 22 March 2019.
Revenue
$23.5 billion
+6.8% on the year
FY2010FY2017
Operating margin
8.6%
9.4% a year earlier
FY2010FY2017
Net income
$1.5 billion
+23.0% on the year
FY2010FY2017
Diluted EPS
$5.63
+27.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
23,471
21,987
20,369
+6.8%
Cost of revenue
16,250
15,204
14,062
+6.9%
Gross profit
7,221
6,783
6,306
+6.5%
Gross margin
30.8%
30.8%
31.0%
Selling, general and administrative
5,214
4,719
4,366
+10.5%
Operating income
2,008
2,063
1,940
-2.7%
Operating margin
8.6%
9.4%
9.5%
Interest expense
97.0
97.8
86.9
-0.8%
Pre-tax income
1,907
1,966
1,853
-3.0%
Income tax
368
714
688
-48.5%
Effective tax rate
19.3%
36.3%
37.1%
Net income
1,539
1,251
1,165
+23.0%
Net margin
6.6%
5.7%
5.7%
Diluted EPS
$5.63
$4.43
$3.95
+27.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,802
1,605
1,392
+12.3%
Capital expenditure
646
560
505
+15.4%
Free cash flow
1,156
1,045
887
+10.6%
Free cash flow margin
4.9%
4.8%
4.4%
Cash from investing
-645
-551
-503
Cash from financing
-1,078
-1,024
-1,310
Depreciation and amortisation
404
380
352
+6.4%
Share-based compensation
34.3
37.0
38.5
-7.2%
Buybacks
580
990
1,300
-41.5%
Dividends paid
283
281
258
+0.6%
Dividend per share
$1.04
$1.00
$0.88
+4.0%
Diluted shares, weighted
273m
282m
295m
-3.2%
Shares outstanding at period end
269m
275m
287m
-2.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
6,126
5,406
5,378
+13.3%
Debt
3,006
3,212
2,969
-6.4%
Other liabilities
3,385
3,054
2,911
+10.8%
Total liabilities and equity
12,517
11,672
11,258
+7.2%
Fixed assets
2,701
2,434
2,264
+11.0%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,200
1,201
1,201
-0.0%
Cash and equivalents
267
188
158
+42.3%
Inventory
3,609
3,259
3,074
+10.7%
Other assets
400
252
222
+58.9%
Total assets
12,517
11,672
11,258
+7.2%
10-K for the year ended 2 February 2018, filed 22 March 2019: the filing.