DLTR FY 2009 Earnings Report — Dollar Tree, Inc. Revenue & Financial Results | Market Cap Arena

Dollar Tree, Inc.DLTR

FY 2009 Earnings

Reported June 21, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$5.2B	—	$4.6B	—	12.6%
Op. Income	$513M	—	$366M	—	40.2%
Gross Margin	35.5%	—	34.3%	—	1.2pp
Net Margin	6.1%	—	4.9%	—	1.2pp
EPS (Diluted)	$1.19	—	$0.84	—	41.7%
Free Cash Flow	$416M	—	$272M	—	53.1%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$3.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.7B
OPERATING INCOME	$513M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$508M
Income Tax Expense	$187M
Net Income from Continuing Ops	$321M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$321M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$321M
D&A	$158M
EBIT	$513M
EBITDA	$671M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$3.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.7B
OPERATING INCOME	$513M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$508M
Income Tax Expense	$187M
Net Income from Continuing Ops	$321M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$321M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$321M
D&A	$158M
EBIT	$513M
EBITDA	$671M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$321M
Depreciation & Amortization	$158M
Stock-Based Compensation	$22M
Deferred Income Tax	-$22M
Other Non-Cash Items	$28M
Change in Working Capital	$75M
OPERATING CASH FLOW	$581M
Capital Expenditure	-$165M
Acquisitions (Net)	$213M
Purchases of Investments	-$65M
Sales/Maturities of Investments	$17M
Other Investing Activities	-$213M
NET CASH FROM INVESTING	-$213M
Net Debt Issuance	-$400.0K
Common Stock Repurchased	-$191M
Common Dividends Paid	$0
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$416M
Net Change in Cash	$207M

Balance Sheet

Item	Amount
Cash & Equivalents	$572M
Short-Term Investments	$28M
Net Receivables	$0
Inventory	$680M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$714M
Goodwill	$133M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$35M
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$984M
TOTAL ASSETS	$2.3B
Account Payables	$220M
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$476M
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$120M
TOTAL NON-CURRENT LIABILITIES	$385M
TOTAL LIABILITIES	$861M
Common Stock	$900.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$268M
Net Debt	-$304M