ROSS Stores (ROST) FY2017 results: revenue $14.1 billion, up 9.9% on the year
ROSS Stores, Inc. (ROST) reported revenue of $14.1 billion for fiscal 2017, the year ended 3 February 2018, up 9.9% on the year before. Net income was $1.4 billion, up 21.9%, and diluted earnings per share $3.55. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$14.1 billion
+9.9% on the year
FY2010FY2017
Operating margin
14.4%
13.9% a year earlier
FY2010FY2017
Net income
$1.4 billion
+21.9% on the year
FY2010FY2017
Diluted EPS
$3.55
+25.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
14,135
12,867
11,940
+9.9%
Cost of revenue
10,043
9,174
8,577
+9.5%
Gross profit
4,092
3,693
3,363
+10.8%
Gross margin
29.0%
28.7%
28.2%
Selling, general and administrative
2,044
1,890
1,739
+8.1%
Operating income
2,041
1,786
1,612
+14.3%
Operating margin
14.4%
13.9%
13.5%
Interest expense
18.6
18.6
18.6
+0.0%
Pre-tax income
2,041
1,786
1,612
+14.3%
Income tax
678
669
591
+1.4%
Effective tax rate
33.2%
37.4%
36.7%
Net income
1,363
1,118
1,021
+21.9%
Net margin
9.6%
8.7%
8.5%
Diluted EPS
$3.55
$2.83
$2.51
+25.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,681
1,559
1,326
+7.9%
Capital expenditure
371
298
367
+24.7%
Free cash flow
1,310
1,261
959
+3.9%
Free cash flow margin
9.3%
9.8%
8.0%
Cash from investing
-355
-296
-363
Cash from financing
-1,149
-916
-899
Depreciation and amortisation
313
303
275
+3.5%
Share-based compensation
87.4
74.6
70.9
+17.3%
Buybacks
875
700
700
+25.0%
Dividends paid
248
215
192
+15.3%
Dividend per share
$0.64
$0.54
$0.47
+18.5%
Diluted shares, weighted
384m
395m
406m
-2.7%
Shares outstanding at period end
380m
392m
402m
-3.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,049
2,748
2,472
+11.0%
Debt
397
396
396
+0.1%
Other liabilities
2,276
2,165
2,001
+5.1%
Total liabilities and equity
5,722
5,309
4,869
+7.8%
Fixed assets
2,382
2,328
2,343
+2.3%
Investments
1.2
1.3
3.1
-5.0%
Cash and equivalents
1,290
1,112
762
+16.1%
Receivables
87.9
75.2
73.6
+16.9%
Inventory
1,642
1,513
1,419
+8.5%
Other assets
318
280
269
+13.6%
Total assets
5,722
5,309
4,869
+7.8%
10-K for the year ended 3 February 2018, filed 2 April 2019: the filing.