Dollar Tree (DLTR) FY2019 results: revenue $23.6 billion, up 3.5% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $23.6 billion for fiscal 2019, the year ended 1 February 2020, up 3.5% on the year before. Net income was $827 million, and diluted earnings per share $3.47. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2022.
Revenue
$23.6 billion
+3.5% on the year
FY2012FY2019
Operating margin
5.3%
-4.1% a year earlier
FY2012FY2019
Net income
$827 million
FY2012FY2019
Diluted EPS
$3.47
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
23,611
22,823
22,246
+3.5%
Cost of revenue
16,570
15,876
15,224
+4.4%
Gross profit
7,041
6,948
7,022
+1.3%
Gross margin
29.8%
30.4%
31.6%
Selling, general and administrative
5,466
5,160
5,004
+5.9%
Operating income
1,262
-940
1,999
Operating margin
5.3%
-4.1%
9.0%
Pre-tax income
1,099
-1,309
1,704
Income tax
272
282
-10.3
-3.6%
Effective tax rate
24.7%
n/a
-0.6%
Net income
827
-1,591
1,714
Net margin
3.5%
-7.0%
7.7%
Diluted EPS
$3.47
-$6.66
$7.21
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,870
1,766
1,510
+5.9%
Capital expenditure
1,035
817
632
+26.6%
Free cash flow
835
949
878
-12.0%
Free cash flow margin
3.5%
4.2%
3.9%
Cash from investing
-1,020
-817
-628
Cash from financing
-710
-1,600
-652
Depreciation and amortisation
645
621
611
+3.9%
Share-based compensation
61.4
63.1
65.7
-2.7%
Buybacks
200
0.0
0.0
Diluted shares, weighted
238m
239m
238m
-0.2%
Shares outstanding at period end
237m
238m
237m
-0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
6,255
5,643
7,182
+10.8%
Debt
3,772
4,300
5,733
-12.3%
Operating lease liabilities
4,980
0.0
n/a
Other liabilities
4,568
3,558
3,418
+28.4%
Total liabilities and equity
19,575
13,501
16,333
+45.0%
Fixed assets
3,882
3,445
3,201
+12.7%
Goodwill
1,983
2,297
5,025
-13.6%
Intangible assets
0.0
289
n/a
Investments
n/a
n/a
0.0
Cash and equivalents
539
422
1,098
+27.7%
Receivables
113
101
n/a
+12.3%
Other assets
13,057
6,948
7,009
+87.9%
Total assets
19,575
13,501
16,333
+45.0%
10-K for the year ended 1 February 2020, filed 15 March 2022: the filing.