Dollar Tree (DLTR) FY2013 results: revenue $7.8 billion, up 6.0% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $7.8 billion for fiscal 2013, the year ended 1 February 2014, up 6.0% on the year before. Net income was $597 million, down 3.6%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2014.
Revenue
$7.8 billion
+6.0% on the year
FY2008FY2013
Operating margin
12.4%
12.4% a year earlier
FY2008FY2013
Net income
$597 million
-3.6% on the year
FY2008FY2013
Diluted EPS
$2.72
+1.5% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
7,840
7,394
6,630
+6.0%
Cost of revenue
5,050
4,742
4,252
+6.5%
Gross profit
2,790
2,653
2,378
+5.2%
Gross margin
35.6%
35.9%
35.9%
Selling, general and administrative
1,820
1,733
1,596
+5.0%
Operating income
970
920
782
+5.5%
Operating margin
12.4%
12.4%
11.8%
Pre-tax income
954
979
780
-2.5%
Income tax
358
360
291
-0.6%
Effective tax rate
37.5%
36.7%
37.4%
Net income
597
619
488
-3.6%
Net margin
7.6%
8.4%
7.4%
Diluted EPS
$2.72
$2.68
$2.02
+1.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
793
678
686
+17.1%
Capital expenditure
330
312
250
+5.7%
Free cash flow
463
366
436
+26.8%
Free cash flow margin
5.9%
4.9%
6.6%
Cash from investing
-325
-262
-86.1
Cash from financing
-598
-303
-623
Depreciation and amortisation
190
175
164
+8.7%
Share-based compensation
37.0
35.5
31.6
+4.2%
Buybacks
1,112
340
646
+226.9%
Diluted shares, weighted
219m
231m
242m
-5.0%
Shares outstanding at period end
208m
225m
231m
-7.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,171
1,667
1,345
-29.8%
Debt
770
271
266
+183.7%
Other liabilities
831
813
718
+2.2%
Total liabilities and equity
2,772
2,752
2,329
+0.7%
Fixed assets
1,094
961
825
+13.9%
Goodwill
169
173
173
-2.3%
Investments
n/a
n/a
0.0
Cash and equivalents
268
400
288
-33.1%
Other assets
1,241
1,218
1,042
+1.9%
Total assets
2,772
2,752
2,329
+0.7%
10-K for the year ended 1 February 2014, filed 14 March 2014: the filing.