DLTR FY 2011 Earnings Report — Dollar Tree, Inc. Revenue & Financial Results | Market Cap Arena

Dollar Tree, Inc.DLTR

FY 2011 Earnings

Reported March 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$6.6B	—	$5.9B	—	12.7%
Op. Income	$782M	—	$630M	—	24.1%
Gross Margin	35.9%	—	35.5%	—	0.4pp
Net Margin	7.4%	—	6.8%	—	0.6pp
EPS (Diluted)	$2.02	—	$1.55	—	30.3%
Free Cash Flow	$436M	—	$340M	—	28.4%

Revenue Flow

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.3B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.8B
OPERATING INCOME	$782M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$780M
Income Tax Expense	$291M
Net Income from Continuing Ops	$488M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$164M
EBIT	$782M
EBITDA	$946M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.3B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.8B
OPERATING INCOME	$782M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$780M
Income Tax Expense	$291M
Net Income from Continuing Ops	$488M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$164M
EBIT	$782M
EBITDA	$946M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$488M
Depreciation & Amortization	$164M
Stock-Based Compensation	$32M
Deferred Income Tax	$11M
Other Non-Cash Items	$4M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$687M
Capital Expenditure	-$250M
Acquisitions (Net)	$0
Purchases of Investments	-$22M
Sales/Maturities of Investments	$186M
Other Investing Activities	$200.0K
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$646M
Common Dividends Paid	$0
Other Financing Activities	$25M
NET CASH FROM FINANCING	-$623M
FREE CASH FLOW	$436M
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$288M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$867M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$825M
Goodwill	$173M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.3B
Account Payables	$287M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$182M
TOTAL CURRENT LIABILITIES	$581M
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$153M
TOTAL NON-CURRENT LIABILITIES	$403M
TOTAL LIABILITIES	$984M
Common Stock	$1M
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$600.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$266M
Net Debt	-$23M