Home Depot (HD) FY2014 results: revenue $83.2 billion, up 5.5% on the year
Home Depot, Inc. (HD) reported revenue of $83.2 billion for fiscal 2014, the year ended 1 February 2015, up 5.5% on the year before. Net income was $6.3 billion, up 17.8%, and diluted earnings per share $4.71. The figures are the company's own, from the 10-K it filed with the SEC on 26 March 2015.
Revenue
$83.2 billion
+5.5% on the year
FY2007FY2014
Operating margin
12.6%
11.6% a year earlier
FY2007FY2014
Net income
$6.3 billion
+17.8% on the year
FY2007FY2014
Diluted EPS
$4.71
+25.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
83,176
78,812
74,754
+5.5%
Cost of revenue
54,787
51,897
49,359
+5.6%
Gross profit
28,389
26,915
25,395
+5.5%
Gross margin
34.1%
34.2%
34.0%
Selling, general and administrative
16,280
16,122
16,062
+1.0%
Operating income
10,469
9,166
7,766
+14.2%
Operating margin
12.6%
11.6%
10.4%
Interest expense
830
711
632
+16.7%
Pre-tax income
9,976
8,467
7,221
+17.8%
Income tax
3,631
3,082
2,686
+17.8%
Effective tax rate
36.4%
36.4%
37.2%
Net income
6,345
5,385
4,535
+17.8%
Net margin
7.6%
6.8%
6.1%
Diluted EPS
$4.71
$3.76
$3.00
+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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
8,242
7,628
6,975
+8.0%
Capital expenditure
1,442
1,389
1,312
+3.8%
Free cash flow
6,800
6,239
5,663
+9.0%
Free cash flow margin
8.2%
7.9%
7.6%
Cash from investing
-1,271
-1,507
-1,432
Cash from financing
-7,071
-6,652
-5,034
Depreciation and amortisation
1,786
1,757
1,684
+1.7%
Share-based compensation
225
228
218
-1.3%
Buybacks
7,000
8,546
3,984
-18.1%
Dividends paid
2,530
2,243
1,743
+12.8%
Dividend per share
$1.88
$1.56
$1.16
+20.5%
Diluted shares, weighted
1,346m
1,434m
1,511m
-6.1%
Shares outstanding at period end
1,307m
1,380m
1,484m
-5.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
9,322
12,522
17,777
-25.6%
Debt
17,197
14,691
10,796
+17.1%
Other liabilities
13,427
13,305
12,511
+0.9%
Total liabilities and equity
39,946
40,518
41,084
-1.4%
Fixed assets
22,720
23,348
24,069
-2.7%
Goodwill
2,102
1,289
1,170
+63.1%
Cash and equivalents
2,216
1,929
2,494
+14.9%
Receivables
1,484
1,398
1,395
+6.2%
Inventory
11,079
11,057
10,710
+0.2%
Other assets
345
1,497
1,246
-77.0%
Total assets
39,946
40,518
41,084
-1.4%
10-K for the year ended 1 February 2015, filed 26 March 2015: the filing.