ROSS Stores (ROST) FY2016 results: revenue $12.9 billion, up 7.8% on the year
ROSS Stores, Inc. (ROST) reported revenue of $12.9 billion for fiscal 2016, the year ended 28 January 2017, up 7.8% on the year before. Net income was $1.1 billion, up 9.5%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$12.9 billion
+7.8% on the year
FY2009FY2016
Operating margin
13.9%
13.5% a year earlier
FY2009FY2016
Net income
$1.1 billion
+9.5% on the year
FY2009FY2016
Diluted EPS
$2.83
+12.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
12,867
11,940
11,042
+7.8%
Cost of revenue
9,174
8,577
7,938
+7.0%
Gross profit
3,693
3,363
3,104
+9.8%
Gross margin
28.7%
28.2%
28.1%
Selling, general and administrative
1,890
1,739
1,615
+8.7%
Operating income
1,786
1,612
1,485
+10.8%
Operating margin
13.9%
13.5%
13.5%
Interest expense
18.6
18.6
13.0
+0.0%
Pre-tax income
1,786
1,612
1,485
+10.8%
Income tax
669
591
561
+13.1%
Effective tax rate
37.4%
36.7%
37.7%
Net income
1,118
1,021
925
+9.5%
Net margin
8.7%
8.5%
8.4%
Diluted EPS
$2.83
$2.51
$2.21
+12.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,559
1,326
1,373
+17.5%
Capital expenditure
298
367
647
-18.8%
Free cash flow
1,261
959
726
+31.4%
Free cash flow margin
9.8%
8.0%
6.6%
Cash from investing
-296
-363
-639
Cash from financing
-916
-899
-460
Depreciation and amortisation
303
275
233
+10.1%
Share-based compensation
74.6
70.9
53.0
+5.1%
Buybacks
700
700
550
0.0%
Dividends paid
215
192
168
+11.6%
Dividend per share
$0.54
$0.47
$0.40
+14.9%
Diluted shares, weighted
395m
406m
418m
-2.8%
Shares outstanding at period end
392m
402m
415m
-2.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,748
2,472
2,279
+11.2%
Debt
396
396
396
+0.1%
Other liabilities
2,165
2,001
2,013
+8.2%
Total liabilities and equity
5,309
4,869
4,687
+9.0%
Fixed assets
2,328
2,343
2,274
-0.6%
Goodwill
n/a
n/a
2.9
Investments
1.3
3.1
3.6
-58.0%
Cash and equivalents
1,112
762
697
+46.0%
Receivables
75.2
73.6
73.3
+2.1%
Inventory
1,513
1,419
1,373
+6.6%
Other assets
280
269
265
+4.3%
Total assets
5,309
4,869
4,687
+9.0%
10-K for the year ended 28 January 2017, filed 2 April 2019: the filing.