ROSS Stores (ROST) FY2012 results: revenue $9.7 billion, up 12.9% on the year
ROSS Stores, Inc. (ROST) reported revenue of $9.7 billion for fiscal 2012, the year ended 2 February 2013, up 12.9% on the year before. Net income was $787 million, up 19.7%, and diluted earnings per share $1.76. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2013.
Revenue
$9.7 billion
+12.9% on the year
FY2008FY2012
Operating margin
13.0%
12.2% a year earlier
FY2008FY2012
Net income
$787 million
+19.7% on the year
FY2008FY2012
Diluted EPS
$1.76
+23.4% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
9,721
8,608
7,866
+12.9%
Cost of revenue
7,011
6,241
5,730
+12.3%
Gross profit
2,710
2,368
2,136
+14.4%
Gross margin
27.9%
27.5%
27.2%
Selling, general and administrative
1,438
1,304
1,230
+10.3%
Operating income
1,265
1,053
897
+20.1%
Operating margin
13.0%
12.2%
11.4%
Interest expense
9.7
n/a
n/a
Pre-tax income
1,265
1,053
897
+20.1%
Income tax
478
396
342
+20.7%
Effective tax rate
37.8%
37.6%
38.2%
Net income
787
657
555
+19.7%
Net margin
8.1%
7.6%
7.1%
Diluted EPS
$1.76
$1.43
$1.16
+23.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
980
820
673
+19.5%
Capital expenditure
424
416
199
+2.0%
Free cash flow
555
404
474
+37.5%
Free cash flow margin
5.7%
4.7%
6.0%
Cash from investing
-426
-472
-197
Cash from financing
-557
-532
-411
Depreciation and amortisation
185
160
161
+16.0%
Share-based compensation
49.0
40.4
36.6
+21.2%
Buybacks
450
450
375
0.0%
Dividends paid
126
102
77.3
+23.2%
Dividend per share
$0.29
$0.23
$0.17
+25.5%
Diluted shares, weighted
446m
460m
480m
-3.1%
Shares outstanding at period end
441m
454m
472m
-2.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,767
1,493
1,333
+18.3%
Debt
150
150
150
0.0%
Other liabilities
1,754
1,658
1,634
+5.8%
Total liabilities and equity
3,671
3,301
3,116
+11.2%
Fixed assets
1,493
1,242
984
+20.3%
Goodwill
2.9
2.9
2.9
0.0%
Investments
5.5
6.3
17.3
-12.8%
Cash and equivalents
647
650
834
-0.5%
Receivables
59.6
50.8
45.4
+17.2%
Inventory
1,209
1,130
1,087
+7.0%
Other assets
253
220
146
+15.4%
Total assets
3,671
3,301
3,116
+11.2%
10-K for the year ended 2 February 2013, filed 2 April 2013: the filing.