HD FY 2011 Earnings Report — The Home Depot, Inc. Revenue & Financial Results | Market Cap Arena

The Home Depot, Inc.HD

FY 2011 Earnings

Reported March 22, 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	$70.4B	—	$68.0B	—	3.5%
Op. Income	$6.7B	—	$5.8B	—	14.1%
Gross Margin	34.5%	—	34.3%	—	0.2pp
Net Margin	5.5%	—	4.9%	—	0.6pp
EPS (Diluted)	$2.47	—	$2.01	—	22.9%
Free Cash Flow	$5.4B	—	$3.5B	—	55.6%

Revenue Flow

Item	Amount
REVENUE	$70.4B
Cost of Revenue	$46.1B
GROSS PROFIT	$24.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16.0B
SG&A Expenses	$16.0B
Other Expenses	$1.6B
Operating Expenses	$17.6B
Cost & Expenses	$63.7B
OPERATING INCOME	$6.7B
Interest Income	$13M
Interest Expense	$606M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$1.7B
EBIT	$6.7B
EBITDA	$8.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$70.4B
Cost of Revenue	$46.1B
GROSS PROFIT	$24.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16.0B
SG&A Expenses	$16.0B
Other Expenses	$1.6B
Operating Expenses	$17.6B
Cost & Expenses	$63.7B
OPERATING INCOME	$6.7B
Interest Income	$13M
Interest Expense	$606M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$1.7B
EBIT	$6.7B
EBITDA	$8.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.9B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$215M
Deferred Income Tax	$0
Other Non-Cash Items	$0
Change in Working Capital	$871M
OPERATING CASH FLOW	$6.7B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$36M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$56M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$966M
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$1.6B
Other Financing Activities	-$218M
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$5.4B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$10.3B
Other Current Assets	$963M
TOTAL CURRENT ASSETS	$14.5B
PP&E (Net)	$24.4B
Goodwill	$1.1B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$430M
TOTAL NON-CURRENT ASSETS	$26.0B
TOTAL ASSETS	$40.5B
Account Payables	$4.9B
Short-Term Debt	$30M
Deferred Revenue	$1.1B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$9.4B
Long-Term Debt	$10.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$340M
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$13.2B
TOTAL LIABILITIES	$22.6B
Common Stock	$87M
Additional Paid-In Capital	$7.0B
Retained Earnings	$17.2B
Treasury Stock	-$6.7B
Accum. Other Comp. Income	$293M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.9B
Minority Interest	$0
TOTAL EQUITY	$17.9B
TOTAL LIABILITIES & EQUITY	$40.5B
Total Debt	$10.8B
Net Debt	$8.8B