Dollar Tree (DLTR) FY2014 results: revenue $8.6 billion, up 9.7% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $8.6 billion for fiscal 2014, the year ended 31 January 2015, up 9.7% on the year before. Net income was $599 million, up 0.4%, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2015.
Revenue
$8.6 billion
+9.7% on the year
FY2008FY2014
Operating margin
12.1%
12.4% a year earlier
FY2008FY2014
Net income
$599 million
+0.4% on the year
FY2008FY2014
Diluted EPS
$2.90
+6.6% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
8,602
7,840
7,394
+9.7%
Cost of revenue
5,568
5,050
4,742
+10.3%
Gross profit
3,034
2,790
2,653
+8.8%
Gross margin
35.3%
35.6%
35.9%
Selling, general and administrative
1,994
1,820
1,733
+9.6%
Operating income
1,040
970
920
+7.2%
Operating margin
12.1%
12.4%
12.4%
Pre-tax income
954
954
979
-0.0%
Income tax
355
358
360
-0.7%
Effective tax rate
37.2%
37.5%
36.7%
Net income
599
597
619
+0.4%
Net margin
7.0%
7.6%
8.4%
Diluted EPS
$2.90
$2.72
$2.68
+6.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
943
793
678
+18.8%
Capital expenditure
326
330
312
-1.4%
Free cash flow
617
463
366
+33.2%
Free cash flow margin
7.2%
5.9%
4.9%
Cash from investing
-315
-325
-262
Cash from financing
-30.6
-598
-303
Depreciation and amortisation
206
190
175
+8.1%
Share-based compensation
38.3
37.0
35.5
+3.5%
Buybacks
0.0
1,112
340
Diluted shares, weighted
207m
219m
231m
-5.5%
Shares outstanding at period end
206m
208m
225m
-1.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,785
1,171
1,667
+52.5%
Debt
757
770
271
-1.7%
Other liabilities
951
831
813
+14.3%
Total liabilities and equity
3,493
2,772
2,752
+26.0%
Fixed assets
1,210
1,094
961
+10.6%
Goodwill
165
169
173
-2.8%
Investments
0.0
n/a
n/a
Cash and equivalents
864
268
400
+222.8%
Other assets
1,254
1,241
1,218
+1.0%
Total assets
3,493
2,772
2,752
+26.0%
10-K for the year ended 31 January 2015, filed 13 March 2015: the filing.