Home Depot (HD) FY2012 results: revenue $74.8 billion, up 6.2% on the year
Home Depot, Inc. (HD) reported revenue of $74.8 billion for fiscal 2012, the year ended 3 February 2013, up 6.2% on the year before. Net income was $4.5 billion, up 16.8%, and diluted earnings per share $3.00. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2013.
Revenue
$74.8 billion
+6.2% on the year
FY2007FY2012
Operating margin
10.4%
9.5% a year earlier
FY2007FY2012
Net income
$4.5 billion
+16.8% on the year
FY2007FY2012
Diluted EPS
$3.00
+21.5% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
74,754
70,395
67,997
+6.2%
Cost of revenue
49,359
46,133
44,693
+7.0%
Gross profit
25,395
24,262
23,304
+4.7%
Gross margin
34.0%
34.5%
34.3%
Selling, general and administrative
16,062
16,028
15,849
+0.2%
Operating income
7,766
6,661
5,839
+16.6%
Operating margin
10.4%
9.5%
8.6%
Interest expense
632
606
530
+4.3%
Pre-tax income
7,221
6,068
5,273
+19.0%
Income tax
2,686
2,185
1,935
+22.9%
Effective tax rate
37.2%
36.0%
36.7%
Net income
4,535
3,883
3,338
+16.8%
Net margin
6.1%
5.5%
4.9%
Diluted EPS
$3.00
$2.47
$2.01
+21.5%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,975
6,651
4,585
+4.9%
Capital expenditure
1,312
1,221
1,096
+7.5%
Free cash flow
5,663
5,430
3,489
+4.3%
Free cash flow margin
7.6%
7.7%
5.1%
Cash from investing
-1,432
-1,129
-1,012
Cash from financing
-5,034
-4,048
-4,451
Depreciation and amortisation
1,684
1,682
1,718
+0.1%
Share-based compensation
218
215
214
+1.4%
Buybacks
3,984
3,470
2,608
+14.8%
Dividends paid
1,743
1,632
1,569
+6.8%
Dividend per share
$1.16
$1.04
$0.94
+11.5%
Diluted shares, weighted
1,511m
1,570m
1,658m
-3.8%
Shares outstanding at period end
1,484m
1,537m
1,623m
-3.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
17,777
17,898
18,889
-0.7%
Debt
10,796
10,758
9,749
+0.4%
Other liabilities
12,511
11,862
11,487
+5.5%
Total liabilities and equity
41,084
40,518
40,125
+1.4%
Fixed assets
24,069
24,448
25,060
-1.6%
Goodwill
1,170
1,120
1,187
+4.5%
Cash and equivalents
2,494
1,987
545
+25.5%
Receivables
1,395
1,245
1,085
+12.0%
Inventory
10,710
10,325
n/a
+3.7%
Other assets
1,246
1,393
12,248
-10.6%
Total assets
41,084
40,518
40,125
+1.4%
10-K for the year ended 3 February 2013, filed 28 March 2013: the filing.