Home Depot (HD) FY2011 results: revenue $70.4 billion, up 3.5% on the year
Home Depot, Inc. (HD) reported revenue of $70.4 billion for fiscal 2011, the year ended 29 January 2012, up 3.5% on the year before. Net income was $3.9 billion, up 16.3%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 22 March 2012.
Revenue
$70.4 billion
+3.5% on the year
FY2007FY2011
Operating margin
9.5%
8.6% a year earlier
FY2007FY2011
Net income
$3.9 billion
+16.3% on the year
FY2007FY2011
Diluted EPS
$2.47
+22.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
70,395
67,997
66,176
+3.5%
Cost of revenue
46,133
44,693
43,764
+3.2%
Gross profit
24,262
23,304
22,412
+4.1%
Gross margin
34.5%
34.3%
33.9%
Selling, general and administrative
16,028
15,849
15,902
+1.1%
Operating income
6,661
5,839
4,803
+14.1%
Operating margin
9.5%
8.6%
7.3%
Interest expense
606
530
676
+14.3%
Pre-tax income
6,068
5,273
3,982
+15.1%
Income tax
2,185
1,935
1,362
+12.9%
Effective tax rate
36.0%
36.7%
34.2%
Net income
3,883
3,338
2,661
+16.3%
Net margin
5.5%
4.9%
4.0%
Diluted EPS
$2.47
$2.01
$1.57
+22.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
6,651
4,585
5,125
+45.1%
Capital expenditure
1,221
1,096
966
+11.4%
Free cash flow
5,430
3,489
4,159
+55.6%
Free cash flow margin
7.7%
5.1%
6.3%
Cash from investing
-1,129
-1,012
-755
Cash from financing
-4,048
-4,451
-3,503
Depreciation and amortisation
1,682
1,718
1,806
-2.1%
Share-based compensation
215
214
201
+0.5%
Buybacks
3,470
2,608
213
+33.1%
Dividends paid
1,632
1,569
1,525
+4.0%
Dividend per share
$1.04
$0.94
$0.90
+10.1%
Diluted shares, weighted
1,570m
1,658m
1,692m
-5.3%
Shares outstanding at period end
1,537m
1,623m
1,698m
-5.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
17,898
18,889
19,393
-5.2%
Debt
10,758
9,749
9,682
+10.3%
Other liabilities
11,862
11,487
11,802
+3.3%
Total liabilities and equity
40,518
40,125
40,877
+1.0%
Fixed assets
24,448
25,060
25,550
-2.4%
Goodwill
1,120
1,187
1,171
-5.6%
Investments
n/a
n/a
6.0
Cash and equivalents
1,987
545
1,421
+264.6%
Receivables
1,245
1,085
964
+14.7%
Inventory
10,325
n/a
n/a
Other assets
1,393
12,248
11,765
-88.6%
Total assets
40,518
40,125
40,877
+1.0%
10-K for the year ended 29 January 2012, filed 22 March 2012: the filing.