Home Depot (HD) FY2010 results: revenue $68.0 billion, up 2.8% on the year
Home Depot, Inc. (HD) reported revenue of $68.0 billion for fiscal 2010, the year ended 30 January 2011, up 2.8% on the year before. Net income was $3.3 billion, up 25.4%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 24 March 2011.
Revenue
$68.0 billion
+2.8% on the year
FY2007FY2010
Operating margin
8.6%
7.3% a year earlier
FY2007FY2010
Net income
$3.3 billion
+25.4% on the year
FY2007FY2010
Diluted EPS
$2.01
+28.0% on the year
FY2007FY2010
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Revenue
67,997
66,176
71,288
+2.8%
Cost of revenue
44,693
43,764
47,298
+2.1%
Gross profit
23,304
22,412
23,990
+4.0%
Gross margin
34.3%
33.9%
33.7%
Selling, general and administrative
15,849
15,902
17,846
-0.3%
Operating income
5,839
4,803
4,359
+21.6%
Operating margin
8.6%
7.3%
6.1%
Interest expense
530
676
624
-21.6%
Pre-tax income
5,273
3,982
3,590
+32.4%
Income tax
1,935
1,362
1,278
+42.1%
Effective tax rate
36.7%
34.2%
35.6%
Net income
3,338
2,661
2,260
+25.4%
Net margin
4.9%
4.0%
3.2%
Diluted EPS
$2.01
$1.57
$1.34
+28.0%
$ 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
FY2010
FY2009
FY2008
On the year
Last 8 years
Operating cash flow
4,585
5,125
5,528
-10.5%
Capital expenditure
1,096
966
1,847
+13.5%
Free cash flow
3,489
4,159
3,681
-16.1%
Free cash flow margin
5.1%
6.3%
5.2%
Cash from investing
-1,012
-755
-1,729
Cash from financing
-4,451
-3,503
-3,680
Depreciation and amortisation
1,718
1,806
1,902
-4.9%
Share-based compensation
214
201
176
+6.5%
Buybacks
2,608
213
70.0
+1,124.4%
Dividends paid
1,569
1,525
1,521
+2.9%
Dividend per share
$0.94
$0.90
$0.90
+5.0%
Diluted shares, weighted
1,658m
1,692m
1,686m
-2.0%
Shares outstanding at period end
1,623m
1,698m
1,696m
-4.4%
Balance sheet
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Shareholders' equity
18,889
19,393
17,777
-2.6%
Debt
9,749
9,682
9,667
+0.7%
Other liabilities
11,487
11,802
13,720
-2.7%
Total liabilities and equity
40,125
40,877
41,164
-1.8%
Fixed assets
25,060
25,550
26,234
-1.9%
Goodwill
1,187
1,171
1,134
+1.4%
Investments
n/a
6.0
6.0
Cash and equivalents
545
1,421
519
-61.6%
Receivables
1,085
964
972
+12.6%
Other assets
12,248
11,765
12,299
+4.1%
Total assets
40,125
40,877
41,164
-1.8%
10-K for the year ended 30 January 2011, filed 24 March 2011: the filing.