Dollar General (DG) FY2019 results: revenue $27.8 billion, up 8.3% on the year
Dollar General Corp. (DG) reported revenue of $27.8 billion for fiscal 2019, the year ended 31 January 2020, up 8.3% on the year before. Net income was $1.7 billion, up 7.7%, and diluted earnings per share $6.64. The figures are the company's own, from the 10-K it filed with the SEC on 19 March 2020.
Revenue
$27.8 billion
+8.3% on the year
FY2012FY2019
Operating margin
8.3%
8.3% a year earlier
FY2012FY2019
Net income
$1.7 billion
+7.7% on the year
FY2012FY2019
Diluted EPS
$6.64
+11.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
27,754
25,625
23,471
+8.3%
Cost of revenue
19,265
17,821
16,250
+8.1%
Gross profit
8,489
7,804
7,221
+8.8%
Gross margin
30.6%
30.5%
30.8%
Selling, general and administrative
6,187
5,688
5,214
+8.8%
Operating income
2,302
2,116
2,008
+8.8%
Operating margin
8.3%
8.3%
8.6%
Interest expense
101
99.9
97.0
+0.7%
Pre-tax income
2,202
2,015
1,907
+9.2%
Income tax
489
426
368
+14.8%
Effective tax rate
22.2%
21.1%
19.3%
Net income
1,713
1,589
1,539
+7.7%
Net margin
6.2%
6.2%
6.6%
Diluted EPS
$6.64
$5.97
$5.63
+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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,238
2,144
1,802
+4.4%
Capital expenditure
785
734
646
+6.9%
Free cash flow
1,453
1,409
1,156
+3.1%
Free cash flow margin
5.2%
5.5%
4.9%
Cash from investing
-782
-732
-645
Cash from financing
-1,451
-1,444
-1,078
Depreciation and amortisation
505
454
404
+11.2%
Share-based compensation
48.6
40.9
34.3
+18.9%
Buybacks
1,200
1,007
580
+19.1%
Dividends paid
328
307
283
+6.9%
Dividend per share
$1.28
$1.16
$1.04
+10.3%
Diluted shares, weighted
258m
266m
273m
-3.0%
Shares outstanding at period end
252m
260m
269m
-2.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
6,702
6,417
6,126
+4.4%
Debt
2,912
2,863
3,006
+1.7%
Operating lease liabilities
7,820
n/a
n/a
Other liabilities
5,391
3,924
3,385
+37.4%
Total liabilities and equity
22,825
13,204
12,517
+72.9%
Fixed assets
3,278
2,971
2,701
+10.4%
Goodwill
4,339
4,339
4,339
0.0%
Intangible assets
1,200
1,200
1,200
-0.0%
Cash and equivalents
240
235
267
+2.1%
Inventory
4,677
4,097
3,609
+14.2%
Other assets
9,091
362
400
+2,411.8%
Total assets
22,825
13,204
12,517
+72.9%
10-K for the year ended 31 January 2020, filed 19 March 2020: the filing.