Home Depot (HD) FY2018 results: revenue $108.2 billion, up 7.2% on the year
Home Depot, Inc. (HD) reported revenue of $108.2 billion for fiscal 2018, the year ended 3 February 2019, up 7.2% on the year before. Net income was $11.1 billion, up 28.9%, and diluted earnings per share $9.73. The figures are the company's own, from the 10-K it filed with the SEC on 28 March 2019.
Revenue
$108.2 billion
+7.2% on the year
FY2011FY2018
Operating margin
14.4%
14.5% a year earlier
FY2011FY2018
Net income
$11.1 billion
+28.9% on the year
FY2011FY2018
Diluted EPS
$9.73
+33.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
108,203
100,904
94,595
+7.2%
Cost of revenue
71,043
66,548
62,282
+6.8%
Gross profit
37,160
34,356
32,313
+8.2%
Gross margin
34.3%
34.0%
34.2%
Selling, general and administrative
19,513
17,864
17,132
+9.2%
Operating income
15,530
14,681
13,427
+5.8%
Operating margin
14.4%
14.5%
14.2%
Interest expense
1,051
1,057
972
-0.6%
Pre-tax income
14,556
13,698
12,491
+6.3%
Income tax
3,435
5,068
4,534
-32.2%
Effective tax rate
23.6%
37.0%
36.3%
Net income
11,121
8,630
7,957
+28.9%
Net margin
10.3%
8.6%
8.4%
Diluted EPS
$9.73
$7.29
$6.45
+33.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
13,165
12,031
9,783
+9.4%
Capital expenditure
2,442
1,897
1,621
+28.7%
Free cash flow
10,723
10,134
8,162
+5.8%
Free cash flow margin
9.9%
10.0%
8.6%
Cash from investing
-2,416
-2,228
-1,583
Cash from financing
-12,547
-8,870
-7,870
Depreciation and amortisation
2,152
2,062
1,973
+4.4%
Share-based compensation
282
273
267
+3.3%
Buybacks
9,963
8,000
6,880
+24.5%
Dividends paid
4,704
4,212
3,404
+11.7%
Dividend per share
$4.12
$3.56
$2.76
+15.7%
Diluted shares, weighted
1,143m
1,184m
1,234m
-3.5%
Shares outstanding at period end
1,105m
1,158m
1,203m
-4.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-1,878
1,454
4,333
Debt
29,202
27,028
23,601
+8.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
16,679
16,047
15,032
+3.9%
Total liabilities and equity
44,003
44,529
42,966
-1.2%
Fixed assets
22,375
22,075
21,914
+1.4%
Goodwill
2,252
2,275
2,093
-1.0%
Cash and equivalents
1,778
3,595
2,538
-50.5%
Receivables
1,936
1,952
2,029
-0.8%
Inventory
13,925
12,748
12,549
+9.2%
Other assets
1,737
1,884
1,843
-7.8%
Total assets
44,003
44,529
42,966
-1.2%
10-K for the year ended 3 February 2019, filed 28 March 2019: the filing.