Home Depot (HD) FY2019 results: revenue $110.2 billion, up 1.9% on the year
Home Depot, Inc. (HD) reported revenue of $110.2 billion for fiscal 2019, the year ended 2 February 2020, up 1.9% on the year before. Net income was $11.2 billion, up 1.1%, and diluted earnings per share $10.25. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2020.
Revenue
$110.2 billion
+1.9% on the year
FY2012FY2019
Operating margin
14.4%
14.4% a year earlier
FY2012FY2019
Net income
$11.2 billion
+1.1% on the year
FY2012FY2019
Diluted EPS
$10.25
+5.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
110,225
108,203
100,904
+1.9%
Cost of revenue
72,653
71,043
66,548
+2.3%
Gross profit
37,572
37,160
34,356
+1.1%
Gross margin
34.1%
34.3%
34.0%
Selling, general and administrative
19,740
19,513
17,864
+1.2%
Operating income
15,843
15,530
14,681
+2.0%
Operating margin
14.4%
14.4%
14.5%
Interest expense
1,201
1,051
1,057
+14.3%
Pre-tax income
14,715
14,556
13,698
+1.1%
Income tax
3,473
3,435
5,068
+1.1%
Effective tax rate
23.6%
23.6%
37.0%
Net income
11,242
11,121
8,630
+1.1%
Net margin
10.2%
10.3%
8.6%
Diluted EPS
$10.25
$9.73
$7.29
+5.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
13,687
13,165
12,031
+4.0%
Capital expenditure
2,678
2,442
1,897
+9.7%
Free cash flow
11,009
10,723
10,134
+2.7%
Free cash flow margin
10.0%
9.9%
10.0%
Cash from investing
-2,653
-2,416
-2,228
Cash from financing
-10,798
-12,547
-8,870
Depreciation and amortisation
2,296
2,152
2,062
+6.7%
Share-based compensation
251
282
273
-11.0%
Buybacks
6,965
9,963
8,000
-30.1%
Dividends paid
5,958
4,704
4,212
+26.7%
Dividend per share
$5.44
$4.12
$3.56
+32.0%
Diluted shares, weighted
1,097m
1,143m
1,184m
-4.0%
Shares outstanding at period end
1,077m
1,105m
1,158m
-2.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
-3,116
-1,878
1,454
Debt
31,483
29,202
27,028
+7.8%
Operating lease liabilities
5,066
0.0
n/a
Finance lease liabilities
1,081
n/a
n/a
Other liabilities
16,722
16,679
16,047
+0.3%
Total liabilities and equity
51,236
44,003
44,529
+16.4%
Fixed assets
22,770
22,375
22,075
+1.8%
Goodwill
2,254
2,252
2,275
+0.1%
Cash and equivalents
2,133
1,778
3,595
+20.0%
Receivables
2,106
1,936
1,952
+8.8%
Inventory
14,531
13,925
12,748
+4.4%
Other assets
7,442
1,737
1,884
+328.4%
Total assets
51,236
44,003
44,529
+16.4%
10-K for the year ended 2 February 2020, filed 25 March 2020: the filing.