Home Depot (HD) FY2013 results: revenue $78.8 billion, up 5.4% on the year
Home Depot, Inc. (HD) reported revenue of $78.8 billion for fiscal 2013, the year ended 2 February 2014, up 5.4% on the year before. Net income was $5.4 billion, up 18.7%, and diluted earnings per share $3.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2014.
Revenue
$78.8 billion
+5.4% on the year
FY2007FY2013
Operating margin
11.6%
10.4% a year earlier
FY2007FY2013
Net income
$5.4 billion
+18.7% on the year
FY2007FY2013
Diluted EPS
$3.76
+25.3% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
78,812
74,754
70,395
+5.4%
Cost of revenue
51,897
49,359
46,133
+5.1%
Gross profit
26,915
25,395
24,262
+6.0%
Gross margin
34.2%
34.0%
34.5%
Selling, general and administrative
16,122
16,062
16,028
+0.4%
Operating income
9,166
7,766
6,661
+18.0%
Operating margin
11.6%
10.4%
9.5%
Interest expense
711
632
606
+12.5%
Pre-tax income
8,467
7,221
6,068
+17.3%
Income tax
3,082
2,686
2,185
+14.7%
Effective tax rate
36.4%
37.2%
36.0%
Net income
5,385
4,535
3,883
+18.7%
Net margin
6.8%
6.1%
5.5%
Diluted EPS
$3.76
$3.00
$2.47
+25.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
7,628
6,975
6,651
+9.4%
Capital expenditure
1,389
1,312
1,221
+5.9%
Free cash flow
6,239
5,663
5,430
+10.2%
Free cash flow margin
7.9%
7.6%
7.7%
Cash from investing
-1,507
-1,432
-1,129
Cash from financing
-6,652
-5,034
-4,048
Depreciation and amortisation
1,757
1,684
1,682
+4.3%
Share-based compensation
228
218
215
+4.6%
Buybacks
8,546
3,984
3,470
+114.5%
Dividends paid
2,243
1,743
1,632
+28.7%
Dividend per share
$1.56
$1.16
$1.04
+34.5%
Diluted shares, weighted
1,434m
1,511m
1,570m
-5.1%
Shares outstanding at period end
1,380m
1,484m
1,537m
-7.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
12,522
17,777
17,898
-29.6%
Debt
14,691
10,796
10,758
+36.1%
Other liabilities
13,305
12,511
11,862
+6.3%
Total liabilities and equity
40,518
41,084
40,518
-1.4%
Fixed assets
23,348
24,069
24,448
-3.0%
Goodwill
1,289
1,170
1,120
+10.2%
Cash and equivalents
1,929
2,494
1,987
-22.7%
Receivables
1,398
1,395
1,245
+0.2%
Inventory
11,057
10,710
10,325
+3.2%
Other assets
1,497
1,246
1,393
+20.1%
Total assets
40,518
41,084
40,518
-1.4%
10-K for the year ended 2 February 2014, filed 27 March 2014: the filing.