Dollar Tree (DLTR) FY2018 results: revenue $22.8 billion, up 2.6% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $22.8 billion for fiscal 2018, the year ended 2 February 2019, up 2.6% on the year before. Net income was -$1.6 billion, and diluted earnings per share $-6.66. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2019.
Revenue
$22.8 billion
+2.6% on the year
FY2011FY2018
Operating margin
-4.1%
9.0% a year earlier
FY2011FY2018
Net income
-$1.6 billion
FY2011FY2018
Diluted EPS
-$6.66
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
22,823
22,246
20,719
+2.6%
Cost of revenue
15,876
15,224
14,324
+4.3%
Gross profit
6,948
7,022
6,395
-1.1%
Gross margin
30.4%
31.6%
30.9%
Selling, general and administrative
5,160
5,004
4,690
+3.1%
Operating income
-940
1,999
1,705
Operating margin
-4.1%
9.0%
8.2%
Pre-tax income
-1,309
1,704
1,329
Income tax
282
-10.3
433
Effective tax rate
n/a
-0.6%
32.6%
Net income
-1,591
1,714
896
Net margin
-7.0%
7.7%
4.3%
Diluted EPS
-$6.66
$7.21
$3.78
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,766
1,510
1,673
+16.9%
Capital expenditure
817
632
565
+29.2%
Free cash flow
949
878
1,109
+8.1%
Free cash flow margin
4.2%
3.9%
5.4%
Cash from investing
-817
-628
-484
Cash from financing
-1,600
-652
-1,060
Depreciation and amortisation
621
611
638
+1.6%
Share-based compensation
63.1
65.7
61.6
-4.0%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
239m
238m
237m
+0.4%
Shares outstanding at period end
238m
237m
236m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,643
7,182
5,390
-21.4%
Debt
4,300
5,733
6,392
-25.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
3,558
3,418
3,920
+4.1%
Total liabilities and equity
13,501
16,333
15,702
-17.3%
Fixed assets
3,445
3,201
3,116
+7.6%
Goodwill
2,297
5,025
5,024
-54.3%
Intangible assets
289
n/a
n/a
Investments
n/a
0.0
4.0
Cash and equivalents
422
1,098
866
-61.6%
Receivables
101
n/a
n/a
Other assets
6,948
7,009
6,692
-0.9%
Total assets
13,501
16,333
15,702
-17.3%
10-K for the year ended 2 February 2019, filed 27 March 2019: the filing.