Home Depot (HD) FY2016 results: revenue $94.6 billion, up 6.9% on the year
Home Depot, Inc. (HD) reported revenue of $94.6 billion for fiscal 2016, the year ended 29 January 2017, up 6.9% on the year before. Net income was $8.0 billion, up 13.5%, and diluted earnings per share $6.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2019.
Revenue
$94.6 billion
+6.9% on the year
FY2009FY2016
Operating margin
14.2%
13.3% a year earlier
FY2009FY2016
Net income
$8.0 billion
+13.5% on the year
FY2009FY2016
Diluted EPS
$6.45
+18.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
94,595
88,519
83,176
+6.9%
Cost of revenue
62,282
58,254
54,787
+6.9%
Gross profit
32,313
30,265
28,389
+6.8%
Gross margin
34.2%
34.2%
34.1%
Selling, general and administrative
17,132
16,801
16,280
+2.0%
Operating income
13,427
11,774
10,469
+14.0%
Operating margin
14.2%
13.3%
12.6%
Interest expense
972
919
830
+5.8%
Pre-tax income
12,491
11,021
9,976
+13.3%
Income tax
4,534
4,012
3,631
+13.0%
Effective tax rate
36.3%
36.4%
36.4%
Net income
7,957
7,009
6,345
+13.5%
Net margin
8.4%
7.9%
7.6%
Diluted EPS
$6.45
$5.46
$4.71
+18.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
9,783
9,373
8,242
+4.4%
Capital expenditure
1,621
1,503
1,442
+7.9%
Free cash flow
8,162
7,870
6,800
+3.7%
Free cash flow margin
8.6%
8.9%
8.2%
Cash from investing
-1,583
-2,982
-1,271
Cash from financing
-7,870
-5,787
-7,071
Depreciation and amortisation
1,973
1,863
1,786
+5.9%
Share-based compensation
267
244
225
+9.4%
Buybacks
6,880
7,000
7,000
-1.7%
Dividends paid
3,404
3,031
2,530
+12.3%
Dividend per share
$2.76
$2.36
$1.88
+16.9%
Diluted shares, weighted
1,234m
1,283m
1,346m
-3.8%
Shares outstanding at period end
1,203m
1,252m
1,307m
-3.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,333
6,316
9,322
-31.4%
Debt
23,601
21,216
17,197
+11.2%
Other liabilities
15,032
14,441
13,427
+4.1%
Total liabilities and equity
42,966
41,973
39,946
+2.4%
Fixed assets
21,914
22,191
22,720
-1.2%
Goodwill
2,093
2,102
2,102
-0.4%
Cash and equivalents
2,538
2,216
2,216
+14.5%
Receivables
2,029
1,890
1,484
+7.4%
Inventory
12,549
11,809
11,079
+6.3%
Other assets
1,843
1,765
345
+4.4%
Total assets
42,966
41,973
39,946
+2.4%
10-K for the year ended 29 January 2017, filed 28 March 2019: the filing.