Dollar Tree (DLTR) FY2012 results: revenue $7.4 billion, up 11.5% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $7.4 billion for fiscal 2012, the year ended 2 February 2013, up 11.5% on the year before. Net income was $619 million, up 26.8%, and diluted earnings per share $2.68. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2013.
Revenue
$7.4 billion
+11.5% on the year
FY2008FY2012
Operating margin
12.4%
11.8% a year earlier
FY2008FY2012
Net income
$619 million
+26.8% on the year
FY2008FY2012
Diluted EPS
$2.68
+33.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
7,394
6,630
5,882
+11.5%
Cost of revenue
4,742
4,252
3,768
+11.5%
Gross profit
2,653
2,378
2,088
+11.5%
Gross margin
35.9%
35.9%
35.5%
Selling, general and administrative
1,733
1,596
1,458
+8.5%
Operating income
920
782
630
+17.6%
Operating margin
12.4%
11.8%
10.7%
Pre-tax income
979
780
630
+25.6%
Income tax
360
291
233
+23.5%
Effective tax rate
36.7%
37.4%
36.9%
Net income
619
488
397
+26.8%
Net margin
8.4%
7.4%
6.8%
Diluted EPS
$2.68
$2.02
$1.55
+33.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
678
686
519
-1.3%
Capital expenditure
312
250
179
+24.8%
Free cash flow
366
436
340
-16.2%
Free cash flow margin
4.9%
6.6%
5.8%
Cash from investing
-262
-86.1
-374
Cash from financing
-303
-623
-404
Depreciation and amortisation
175
164
160
+7.0%
Share-based compensation
35.5
31.6
28.3
+12.3%
Buybacks
340
646
417
-47.3%
Diluted shares, weighted
231m
242m
256m
-4.8%
Shares outstanding at period end
225m
231m
247m
-2.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,667
1,345
1,459
+24.0%
Debt
271
266
266
+2.2%
Other liabilities
813
718
655
+13.2%
Total liabilities and equity
2,752
2,329
2,380
+18.2%
Fixed assets
961
825
741
+16.4%
Goodwill
173
173
173
+0.1%
Investments
n/a
0.0
175
Cash and equivalents
400
288
311
+38.7%
Other assets
1,218
1,042
980
+16.9%
Total assets
2,752
2,329
2,380
+18.2%
10-K for the year ended 2 February 2013, filed 15 March 2013: the filing.