Dollar Tree (DLTR) FY2016 results: revenue $20.7 billion, up 33.7% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $20.7 billion for fiscal 2016, the year ended 28 January 2017, up 33.7% on the year before. Net income was $896 million, up 217.4%, and diluted earnings per share $3.78. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2019.
Revenue
$20.7 billion
+33.7% on the year
FY2009FY2016
Operating margin
8.2%
6.8% a year earlier
FY2009FY2016
Net income
$896 million
+217.4% on the year
FY2009FY2016
Diluted EPS
$3.78
+200.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
20,719
15,498
8,602
+33.7%
Cost of revenue
14,324
10,842
5,568
+32.1%
Gross profit
6,395
4,657
3,034
+37.3%
Gross margin
30.9%
30.0%
35.3%
Selling, general and administrative
4,690
3,607
1,994
+30.0%
Operating income
1,705
1,050
1,040
+62.4%
Operating margin
8.2%
6.8%
12.1%
Pre-tax income
1,329
448
954
+196.6%
Income tax
433
166
355
+161.3%
Effective tax rate
32.6%
37.0%
37.2%
Net income
896
282
599
+217.4%
Net margin
4.3%
1.8%
7.0%
Diluted EPS
$3.78
$1.26
$2.90
+200.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,673
802
943
+108.5%
Capital expenditure
565
480
326
+17.5%
Free cash flow
1,109
322
617
+244.3%
Free cash flow margin
5.4%
2.1%
7.2%
Cash from investing
-484
-6,978
-315
Cash from financing
-1,060
6,049
-30.6
Depreciation and amortisation
638
488
206
+30.7%
Share-based compensation
61.6
53.2
38.3
+15.8%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
237m
224m
207m
+6.0%
Shares outstanding at period end
236m
235m
206m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,390
4,407
1,785
+22.3%
Debt
6,392
7,466
757
-14.4%
Other liabilities
3,920
4,029
951
-2.7%
Total liabilities and equity
15,702
15,901
3,493
-1.3%
Fixed assets
3,116
3,126
1,210
-0.3%
Goodwill
5,024
5,022
165
+0.0%
Investments
4.0
4.0
0.0
0.0%
Cash and equivalents
866
736
864
+17.7%
Other assets
6,692
7,014
1,254
-4.6%
Total assets
15,702
15,901
3,493
-1.3%
10-K for the year ended 28 January 2017, filed 27 March 2019: the filing.