Home Depot (HD) FY2020 results: revenue $132.1 billion, up 19.9% on the year
Home Depot, Inc. (HD) reported revenue of $132.1 billion for fiscal 2020, the year ended 31 January 2021, up 19.9% on the year before. Net income was $12.9 billion, up 14.4%, and diluted earnings per share $11.94. The figures are the company's own, from the 10-K it filed with the SEC on 24 March 2021.
Revenue
$132.1 billion
+19.9% on the year
FY2013FY2020
Operating margin
13.8%
14.4% a year earlier
FY2013FY2020
Net income
$12.9 billion
+14.4% on the year
FY2013FY2020
Diluted EPS
$11.94
+16.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
132,110
110,225
108,203
+19.9%
Cost of revenue
87,257
72,653
71,043
+20.1%
Gross profit
44,853
37,572
37,160
+19.4%
Gross margin
34.0%
34.1%
34.3%
Selling, general and administrative
24,447
19,740
19,513
+23.8%
Operating income
18,278
15,843
15,530
+15.4%
Operating margin
13.8%
14.4%
14.4%
Interest expense
1,347
1,201
1,051
+12.2%
Pre-tax income
16,978
14,715
14,556
+15.4%
Income tax
4,112
3,473
3,435
+18.4%
Effective tax rate
24.2%
23.6%
23.6%
Net income
12,866
11,242
11,121
+14.4%
Net margin
9.7%
10.2%
10.3%
Diluted EPS
$11.94
$10.25
$9.73
+16.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
18,839
13,687
13,165
+37.6%
Capital expenditure
2,463
2,678
2,442
-8.0%
Free cash flow
16,376
11,009
10,723
+48.8%
Free cash flow margin
12.4%
10.0%
9.9%
Cash from investing
-10,170
-2,653
-2,416
Cash from financing
-2,983
-10,798
-12,547
Depreciation and amortisation
2,519
2,296
2,152
+9.7%
Share-based compensation
310
251
282
+23.5%
Buybacks
791
6,965
9,963
-88.6%
Dividends paid
6,451
5,958
4,704
+8.3%
Dividend per share
$6.00
$5.44
$4.12
+10.3%
Diluted shares, weighted
1,078m
1,097m
1,143m
-1.7%
Shares outstanding at period end
1,077m
1,077m
1,105m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,299
-3,116
-1,878
Debt
34,750
31,483
29,202
+10.4%
Operating lease liabilities
5,356
5,066
0.0
+5.7%
Finance lease liabilities
2,700
1,081
n/a
+149.8%
Other liabilities
24,476
16,722
16,679
+46.4%
Total liabilities and equity
70,581
51,236
44,003
+37.8%
Fixed assets
24,705
22,770
22,375
+8.5%
Goodwill
7,126
2,254
2,252
+216.1%
Cash and equivalents
7,895
2,133
1,778
+270.1%
Receivables
2,992
2,106
1,936
+42.1%
Inventory
16,627
14,531
13,925
+14.4%
Other assets
11,236
7,442
1,737
+51.0%
Total assets
70,581
51,236
44,003
+37.8%
10-K for the year ended 31 January 2021, filed 24 March 2021: the filing.