Home Depot (HD) FY2015 results: revenue $88.5 billion, up 6.4% on the year
Home Depot, Inc. (HD) reported revenue of $88.5 billion for fiscal 2015, the year ended 31 January 2016, up 6.4% on the year before. Net income was $7.0 billion, up 10.5%, and diluted earnings per share $5.46. The figures are the company's own, from the 10-K it filed with the SEC on 24 March 2016.
Revenue
$88.5 billion
+6.4% on the year
FY2008FY2015
Operating margin
13.3%
12.6% a year earlier
FY2008FY2015
Net income
$7.0 billion
+10.5% on the year
FY2008FY2015
Diluted EPS
$5.46
+15.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
88,519
83,176
78,812
+6.4%
Cost of revenue
58,254
54,787
51,897
+6.3%
Gross profit
30,265
28,389
26,915
+6.6%
Gross margin
34.2%
34.1%
34.2%
Selling, general and administrative
16,801
16,280
16,122
+3.2%
Operating income
11,774
10,469
9,166
+12.5%
Operating margin
13.3%
12.6%
11.6%
Interest expense
919
830
711
+10.7%
Pre-tax income
11,021
9,976
8,467
+10.5%
Income tax
4,012
3,631
3,082
+10.5%
Effective tax rate
36.4%
36.4%
36.4%
Net income
7,009
6,345
5,385
+10.5%
Net margin
7.9%
7.6%
6.8%
Diluted EPS
$5.46
$4.71
$3.76
+15.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
9,373
8,242
7,628
+13.7%
Capital expenditure
1,503
1,442
1,389
+4.2%
Free cash flow
7,870
6,800
6,239
+15.7%
Free cash flow margin
8.9%
8.2%
7.9%
Cash from investing
-2,982
-1,271
-1,507
Cash from financing
-5,787
-7,071
-6,652
Depreciation and amortisation
1,863
1,786
1,757
+4.3%
Share-based compensation
244
225
228
+8.4%
Buybacks
7,000
7,000
8,546
0.0%
Dividends paid
3,031
2,530
2,243
+19.8%
Dividend per share
$2.36
$1.88
$1.56
+25.5%
Diluted shares, weighted
1,283m
1,346m
1,434m
-4.7%
Shares outstanding at period end
1,252m
1,307m
1,380m
-4.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,316
9,322
12,522
-32.2%
Debt
21,216
17,197
14,691
+23.4%
Other liabilities
14,441
13,427
13,305
+7.6%
Total liabilities and equity
41,973
39,946
40,518
+5.1%
Fixed assets
22,191
22,720
23,348
-2.3%
Goodwill
2,102
2,102
1,289
0.0%
Cash and equivalents
2,216
2,216
1,929
0.0%
Receivables
1,890
1,484
1,398
+27.4%
Inventory
11,809
11,079
11,057
+6.6%
Other assets
1,765
345
1,497
+411.6%
Total assets
41,973
39,946
40,518
+5.1%
10-K for the year ended 31 January 2016, filed 24 March 2016: the filing.