DLTR FY 2010 Earnings Report — Dollar Tree, Inc. Revenue & Financial Results | Market Cap Arena

Dollar Tree, Inc.DLTR

FY 2010 Earnings

Reported March 17, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$5.9B	—	$5.2B	—	12.4%
Op. Income	$630M	—	$513M	—	22.9%
Gross Margin	35.5%	—	35.5%	—	-0.0pp
Net Margin	6.8%	—	6.1%	—	0.6pp
EPS (Diluted)	$1.55	—	$1.19	—	30.3%
Free Cash Flow	$340M	—	$416M	—	-18.3%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$5.3B
OPERATING INCOME	$630M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$100.0K
INCOME BEFORE TAX	$630M
Income Tax Expense	$233M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$397M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$160M
EBIT	$636M
EBITDA	$795M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$5.3B
OPERATING INCOME	$630M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$100.0K
INCOME BEFORE TAX	$630M
Income Tax Expense	$233M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$397M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$160M
EBIT	$636M
EBITDA	$795M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$397M
Depreciation & Amortization	$160M
Stock-Based Compensation	$28M
Deferred Income Tax	-$14M
Other Non-Cash Items	$31M
Change in Working Capital	-$84M
OPERATING CASH FLOW	$519M
Capital Expenditure	-$179M
Acquisitions (Net)	-$49M
Purchases of Investments	-$209M
Sales/Maturities of Investments	$63M
Other Investing Activities	-$200.0K
NET CASH FROM INVESTING	-$374M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$417M
Common Dividends Paid	$0
Other Financing Activities	$28M
NET CASH FROM FINANCING	-$404M
FREE CASH FLOW	$340M
Net Change in Cash	-$260M

Balance Sheet

Item	Amount
Cash & Equivalents	$311M
Short-Term Investments	$175M
Net Receivables	$0
Inventory	$803M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$741M
Goodwill	$173M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$38M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$2.4B
Account Payables	$261M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$169M
TOTAL CURRENT LIABILITIES	$533M
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$389M
TOTAL LIABILITIES	$922M
Common Stock	$1M
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$400.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$267M
Net Debt	-$45M