Home Depot (HD) FY2017 results: revenue $100.9 billion, up 6.7% on the year
Home Depot, Inc. (HD) reported revenue of $100.9 billion for fiscal 2017, the year ended 28 January 2018, up 6.7% on the year before. Net income was $8.6 billion, up 8.5%, and diluted earnings per share $7.29. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2019.
Revenue
$100.9 billion
+6.7% on the year
FY2010FY2017
Operating margin
14.5%
14.2% a year earlier
FY2010FY2017
Net income
$8.6 billion
+8.5% on the year
FY2010FY2017
Diluted EPS
$7.29
+13.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
100,904
94,595
88,519
+6.7%
Cost of revenue
66,548
62,282
58,254
+6.8%
Gross profit
34,356
32,313
30,265
+6.3%
Gross margin
34.0%
34.2%
34.2%
Selling, general and administrative
17,864
17,132
16,801
+4.3%
Operating income
14,681
13,427
11,774
+9.3%
Operating margin
14.5%
14.2%
13.3%
Interest expense
1,057
972
919
+8.7%
Pre-tax income
13,698
12,491
11,021
+9.7%
Income tax
5,068
4,534
4,012
+11.8%
Effective tax rate
37.0%
36.3%
36.4%
Net income
8,630
7,957
7,009
+8.5%
Net margin
8.6%
8.4%
7.9%
Diluted EPS
$7.29
$6.45
$5.46
+13.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
12,031
9,783
9,373
+23.0%
Capital expenditure
1,897
1,621
1,503
+17.0%
Free cash flow
10,134
8,162
7,870
+24.2%
Free cash flow margin
10.0%
8.6%
8.9%
Cash from investing
-2,228
-1,583
-2,982
Cash from financing
-8,870
-7,870
-5,787
Depreciation and amortisation
2,062
1,973
1,863
+4.5%
Share-based compensation
273
267
244
+2.2%
Buybacks
8,000
6,880
7,000
+16.3%
Dividends paid
4,212
3,404
3,031
+23.7%
Dividend per share
$3.56
$2.76
$2.36
+29.0%
Diluted shares, weighted
1,184m
1,234m
1,283m
-4.1%
Shares outstanding at period end
1,158m
1,203m
1,252m
-3.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,454
4,333
6,316
-66.4%
Debt
27,028
23,601
21,216
+14.5%
Other liabilities
16,047
15,032
14,441
+6.8%
Total liabilities and equity
44,529
42,966
41,973
+3.6%
Fixed assets
22,075
21,914
22,191
+0.7%
Goodwill
2,275
2,093
2,102
+8.7%
Cash and equivalents
3,595
2,538
2,216
+41.6%
Receivables
1,952
2,029
1,890
-3.8%
Inventory
12,748
12,549
11,809
+1.6%
Other assets
1,884
1,843
1,765
+2.2%
Total assets
44,529
42,966
41,973
+3.6%
10-K for the year ended 28 January 2018, filed 28 March 2019: the filing.