Dollar Tree (DLTR) FY2011 results: revenue $6.6 billion, up 12.7% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $6.6 billion for fiscal 2011, the year ended 28 January 2012, up 12.7% on the year before. Net income was $488 million, up 22.9%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K/A it filed with the SEC on 22 March 2012.
Revenue
$6.6 billion
+12.7% on the year
FY2008FY2011
Operating margin
11.8%
10.7% a year earlier
FY2008FY2011
Net income
$488 million
+22.9% on the year
FY2008FY2011
Diluted EPS
$2.02
+30.0% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,630
5,882
5,231
+12.7%
Cost of revenue
4,252
3,768
3,374
+12.8%
Gross profit
2,378
2,088
1,857
+13.9%
Gross margin
35.9%
35.5%
35.5%
Selling, general and administrative
1,596
1,458
1,344
+9.5%
Operating income
782
630
513
+24.1%
Operating margin
11.8%
10.7%
9.8%
Pre-tax income
780
630
508
+23.7%
Income tax
291
233
187
+25.2%
Effective tax rate
37.4%
36.9%
36.9%
Net income
488
397
320
+22.9%
Net margin
7.4%
6.8%
6.1%
Diluted EPS
$2.02
$1.55
$1.19
+30.0%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
686
519
581
+32.4%
Capital expenditure
250
179
165
+40.0%
Free cash flow
436
340
416
+28.4%
Free cash flow margin
6.6%
5.8%
8.0%
Cash from investing
-86.1
-374
-212
Cash from financing
-623
-404
-161
Depreciation and amortisation
164
160
158
+2.6%
Share-based compensation
31.6
28.3
21.7
+11.7%
Buybacks
646
417
191
+54.9%
Diluted shares, weighted
242m
256m
270m
-5.3%
Shares outstanding at period end
231m
247m
263m
-6.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,345
1,459
1,429
-7.8%
Debt
266
266
268
-0.4%
Other liabilities
718
655
593
+9.7%
Total liabilities and equity
2,329
2,380
2,290
-2.2%
Fixed assets
825
741
714
+11.4%
Goodwill
173
173
133
0.0%
Investments
0.0
175
27.8
Cash and equivalents
288
311
572
-7.4%
Other assets
1,042
980
843
+6.3%
Total assets
2,329
2,380
2,290
-2.2%
10-K/A for the year ended 28 January 2012, filed 22 March 2012: the filing.