Home Depot (HD) FY2023 results: revenue $152.7 billion, down 3.0% on the year
Home Depot, Inc. (HD) reported revenue of $152.7 billion for fiscal 2023, the year ended 28 January 2024, down 3.0% on the year before. Net income was $15.1 billion, down 11.5%, and diluted earnings per share $15.11. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2024.
Revenue
$152.7 billion
-3.0% on the year
FY2016FY2023
Operating margin
14.2%
15.3% a year earlier
FY2016FY2023
Net income
$15.1 billion
-11.5% on the year
FY2016FY2023
Diluted EPS
$15.11
-9.5% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
21,172
14,615
16,571
+44.9%
Capital expenditure
3,226
3,119
2,566
+3.4%
Free cash flow
17,946
11,496
14,005
+56.1%
Free cash flow margin
11.8%
7.3%
9.3%
Cash from investing
-4,729
-3,140
-2,969
Cash from financing
-15,443
-10,993
-19,120
Depreciation and amortisation
3,061
2,796
2,862
+9.5%
Share-based compensation
380
366
399
+3.8%
Buybacks
7,951
6,696
14,809
+18.7%
Dividends paid
8,383
7,789
6,985
+7.6%
Dividend per share
$8.36
$7.60
$6.60
+10.0%
Diluted shares, weighted
1,002m
1,025m
1,058m
-2.2%
Shares outstanding at period end
992m
1,016m
1,035m
-2.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,044
1,562
-1,696
-33.2%
Short-term borrowings
0.0
n/a
n/a
Debt
42,150
41,150
40,086
+2.4%
Operating lease liabilities
7,082
6,226
5,353
+13.7%
Finance lease liabilities
3,000
3,054
3,038
-1.8%
Other liabilities
23,254
24,453
25,095
-4.9%
Total liabilities and equity
76,530
76,445
71,876
+0.1%
Fixed assets
26,154
25,631
25,199
+2.0%
Goodwill
8,455
7,444
7,449
+13.6%
Intangible assets
3,606
3,323
3,503
+8.5%
Cash and equivalents
3,760
2,757
2,343
+36.4%
Receivables
3,328
3,317
3,426
+0.3%
Inventory
20,976
24,886
22,068
-15.7%
Other assets
10,251
9,087
7,888
+12.8%
Total assets
76,530
76,445
71,876
+0.1%
10-K for the year ended 28 January 2024, filed 13 March 2024: the filing.