Dollar Tree (DLTR) FY2020 results: revenue $25.5 billion, up 8.0% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $25.5 billion for fiscal 2020, the year ended 30 January 2021, up 8.0% on the year before. Net income was $1.3 billion, up 62.3%, and diluted earnings per share $5.65. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2022.
Revenue
$25.5 billion
+8.0% on the year
FY2013FY2020
Operating margin
7.4%
5.3% a year earlier
FY2013FY2020
Net income
$1.3 billion
+62.3% on the year
FY2013FY2020
Diluted EPS
$5.65
+62.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
25,509
23,611
22,823
+8.0%
Cost of revenue
17,721
16,570
15,876
+6.9%
Gross profit
7,788
7,041
6,948
+10.6%
Gross margin
30.5%
29.8%
30.4%
Selling, general and administrative
5,900
5,466
5,160
+8.0%
Operating income
1,888
1,262
-940
+49.6%
Operating margin
7.4%
5.3%
-4.1%
Pre-tax income
1,740
1,099
-1,309
+58.4%
Income tax
398
272
282
+46.4%
Effective tax rate
22.9%
24.7%
n/a
Net income
1,342
827
-1,591
+62.3%
Net margin
5.3%
3.5%
-7.0%
Diluted EPS
$5.65
$3.47
-$6.66
+62.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,716
1,870
1,766
+45.3%
Capital expenditure
899
1,035
817
-13.1%
Free cash flow
1,818
835
949
+117.7%
Free cash flow margin
7.1%
3.5%
4.2%
Cash from investing
-890
-1,020
-817
Cash from financing
-950
-710
-1,600
Depreciation and amortisation
687
645
621
+6.4%
Share-based compensation
83.9
61.4
63.1
+36.6%
Buybacks
400
200
0.0
+100.0%
Diluted shares, weighted
237m
238m
239m
-0.4%
Shares outstanding at period end
233m
237m
238m
-1.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
7,285
6,255
5,643
+16.5%
Debt
3,226
3,772
4,300
-14.5%
Operating lease liabilities
5,066
4,980
0.0
+1.7%
Other liabilities
5,119
4,568
3,558
+12.1%
Total liabilities and equity
20,696
19,575
13,501
+5.7%
Fixed assets
4,116
3,882
3,445
+6.0%
Goodwill
1,984
1,983
2,297
+0.1%
Intangible assets
n/a
0.0
289
Cash and equivalents
1,417
539
422
+162.7%
Receivables
n/a
113
101
Other assets
13,179
13,057
6,948
+0.9%
Total assets
20,696
19,575
13,501
+5.7%
10-K for the year ended 30 January 2021, filed 15 March 2022: the filing.