DLTR FY 2013 Earnings Report — Dollar Tree, Inc. Revenue & Financial Results | Market Cap Arena

Dollar Tree, Inc.DLTR

FY 2013 Earnings

Reported March 14, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$7.8B	—	$7.4B	—	6.0%
Op. Income	$970M	—	$920M	—	5.5%
Gross Margin	35.6%	—	35.9%	—	-0.3pp
Net Margin	7.6%	—	8.4%	—	-0.8pp
EPS (Diluted)	$2.72	—	$2.68	—	1.5%
Free Cash Flow	$463M	—	$366M	—	26.7%

Revenue Flow

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$5.1B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$6.9B
OPERATING INCOME	$970M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$954M
Income Tax Expense	$358M
Net Income from Continuing Ops	$597M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$597M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$597M
D&A	$191M
EBIT	$970M
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$5.1B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$6.9B
OPERATING INCOME	$970M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$954M
Income Tax Expense	$358M
Net Income from Continuing Ops	$597M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$597M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$597M
D&A	$191M
EBIT	$970M
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$597M
Depreciation & Amortization	$191M
Stock-Based Compensation	$37M
Deferred Income Tax	$7M
Other Non-Cash Items	$4M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$793M
Capital Expenditure	-$330M
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$15M
Other Investing Activities	-$100.0K
NET CASH FROM INVESTING	-$324M
Net Debt Issuance	$499M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	$0
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$598M
FREE CASH FLOW	$463M
Net Change in Cash	-$132M

Balance Sheet

Item	Amount
Cash & Equivalents	$268M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$1.0B
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.1B
Goodwill	$169M
Intangible Assets	$3M
Long-Term Investments	$88M
Tax Assets	$24M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.8B
Account Payables	$394M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$204M
TOTAL CURRENT LIABILITIES	$686M
Long-Term Debt	$757M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$158M
TOTAL NON-CURRENT LIABILITIES	$915M
TOTAL LIABILITIES	$1.6B
Common Stock	$2M
Additional Paid-In Capital	$11M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$770M
Net Debt	$502M