Dollar Tree (DLTR) FY2017 results: revenue $22.2 billion, up 7.4% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $22.2 billion for fiscal 2017, the year ended 3 February 2018, up 7.4% on the year before. Net income was $1.7 billion, up 91.3%, and diluted earnings per share $7.21. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2019.
Revenue
$22.2 billion
+7.4% on the year
FY2010FY2017
Operating margin
9.0%
8.2% a year earlier
FY2010FY2017
Net income
$1.7 billion
+91.3% on the year
FY2010FY2017
Diluted EPS
$7.21
+90.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
22,246
20,719
15,498
+7.4%
Cost of revenue
15,224
14,324
10,842
+6.3%
Gross profit
7,022
6,395
4,657
+9.8%
Gross margin
31.6%
30.9%
30.0%
Selling, general and administrative
5,004
4,690
3,607
+6.7%
Operating income
1,999
1,705
1,050
+17.3%
Operating margin
9.0%
8.2%
6.8%
Pre-tax income
1,704
1,329
448
+28.2%
Income tax
-10.3
433
166
Effective tax rate
-0.6%
32.6%
37.0%
Net income
1,714
896
282
+91.3%
Net margin
7.7%
4.3%
1.8%
Diluted EPS
$7.21
$3.78
$1.26
+90.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,510
1,673
802
-9.7%
Capital expenditure
632
565
480
+12.0%
Free cash flow
878
1,109
322
-20.8%
Free cash flow margin
3.9%
5.4%
2.1%
Cash from investing
-628
-484
-6,978
Cash from financing
-652
-1,060
6,049
Depreciation and amortisation
611
638
488
-4.1%
Share-based compensation
65.7
61.6
53.2
+6.7%
Buybacks
0.0
n/a
0.0
Diluted shares, weighted
238m
237m
224m
+0.4%
Shares outstanding at period end
237m
236m
235m
+0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,182
5,390
4,407
+33.3%
Debt
5,733
6,392
7,466
-10.3%
Other liabilities
3,418
3,920
4,029
-12.8%
Total liabilities and equity
16,333
15,702
15,901
+4.0%
Fixed assets
3,201
3,116
3,126
+2.7%
Goodwill
5,025
5,024
5,022
+0.0%
Investments
0.0
4.0
4.0
Cash and equivalents
1,098
866
736
+26.7%
Other assets
7,009
6,692
7,014
+4.7%
Total assets
16,333
15,702
15,901
+4.0%
10-K for the year ended 3 February 2018, filed 27 March 2019: the filing.