HD FY 2014 Earnings Report — The Home Depot, Inc. Revenue & Financial Results | Market Cap Arena

The Home Depot, Inc.HD

FY 2014 Earnings

Reported March 26, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$83.2B	—	$78.8B	—	5.5%
Op. Income	$10.5B	—	$9.2B	—	14.2%
Gross Margin	34.1%	—	34.2%	—	-0.0pp
Net Margin	7.6%	—	6.8%	—	0.8pp
EPS (Diluted)	$4.71	—	$3.76	—	25.3%
Free Cash Flow	$6.8B	—	$6.2B	—	9.0%

Revenue Flow

Item	Amount
REVENUE	$83.2B
Cost of Revenue	$54.8B
GROSS PROFIT	$28.4B
R&D Expenses	$0
Selling & Marketing	$554M
General & Administrative	$16.3B
SG&A Expenses	$16.8B
Other Expenses	$1.1B
Operating Expenses	$17.9B
Cost & Expenses	$72.7B
OPERATING INCOME	$10.5B
Interest Income	$337M
Interest Expense	$830M
Other Income/Expenses	-$493M
INCOME BEFORE TAX	$10.0B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$6.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.3B
D&A	$1.8B
EBIT	$10.8B
EBITDA	$12.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$83.2B
Cost of Revenue	$54.8B
GROSS PROFIT	$28.4B
R&D Expenses	$0
Selling & Marketing	$554M
General & Administrative	$16.3B
SG&A Expenses	$16.8B
Other Expenses	$1.1B
Operating Expenses	$17.9B
Cost & Expenses	$72.7B
OPERATING INCOME	$10.5B
Interest Income	$337M
Interest Expense	$830M
Other Income/Expenses	-$493M
INCOME BEFORE TAX	$10.0B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$6.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.3B
D&A	$1.8B
EBIT	$10.8B
EBITDA	$12.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$6.3B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$225M
Deferred Income Tax	$0
Other Non-Cash Items	-$323M
Change in Working Capital	$209M
OPERATING CASH FLOW	$8.2B
Capital Expenditure	-$1.4B
Acquisitions (Net)	-$200M
Purchases of Investments	$0
Sales/Maturities of Investments	$323M
Other Investing Activities	$48M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$2.2B
Common Stock Repurchased	-$7.0B
Common Dividends Paid	-$2.5B
Other Financing Activities	$227M
NET CASH FROM FINANCING	-$7.1B
FREE CASH FLOW	$6.8B
Net Change in Cash	-$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$11.1B
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$15.3B
PP&E (Net)	$22.7B
Goodwill	$1.4B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$571M
TOTAL NON-CURRENT ASSETS	$24.6B
TOTAL ASSETS	$39.9B
Account Payables	$5.8B
Short-Term Debt	$328M
Deferred Revenue	$1.5B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$16.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$642M
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$19.4B
TOTAL LIABILITIES	$30.6B
Common Stock	$88M
Additional Paid-In Capital	$8.9B
Retained Earnings	$27.0B
Treasury Stock	-$26.2B
Accum. Other Comp. Income	-$452M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.3B
Minority Interest	$0
TOTAL EQUITY	$9.3B
TOTAL LIABILITIES & EQUITY	$39.9B
Total Debt	$17.2B
Net Debt	$15.5B