Home Depot 1999 Annual Report Download - page 40

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10-Year Summary of Financial and Operating Results
The Home Depot, Inc. and Subsidiaries
amounts in millions, except where noted
5-Year 10-Year
Compound Annual Compound Annual
Growth Rate Growth Rate 1999
Statement of Earnings Data
Net sales 25.2% 30.1% $ 38,434
Net sales increase (%) ––27.2
Earnings before income taxes (2) 31.2 35.5 3,804
Net earnings (2) 30.9 35.4 2,320
Net earnings increase (%) (2) ––43.7
Diluted earnings per share ($) (2,3,4) 28.1 30.5 1.00
Diluted earnings per share increase (%) (2) ––40.8
Weighted average number of common shares outstanding assuming dilution (3) 1.8 3.1 2,342
Gross margin – % of sales ––29.7
Store selling and operating expense – % of sales – – 17.8
Pre-opening expense – % of sales – – 0.3
General and administrative expense – % of sales – – 1.7
Net interest income (expense) – % of sales – – –
Earnings before income taxes – % of sales (2) ––9.9
Net earnings – % of sales (2) ––6.0
Balance Sheet Data and Financial Ratios
Total assets 24.2% 31.3% $ 17,081
Working capital 24.4 25.9 2,734
Merchandise inventories 25.7 30.6 5,489
Net property and equipment 24.7 34.8 10,227
Long-term debt (5.3) 9.5 750
Stockholders’ equity 29.1 37.5 12,341
Book value per share ($) (3) 26.0 32.2 5.36
Long-term debt to equity (%) ––6.1
Current ratio ––1.75:1
Inventory turnover ––5.4x
Return on invested capital (%) (2) ––22.5
Statement of Cash Flows Data
Depreciation and amortization 29.0% 36.2% $ 463
Capital expenditures 16.5 29.0 2,618
Cash dividends per share ($) (3) 27.2 35.3 0.11
Store Data
(5)
Number of stores 22.3% 22.9% 930
Square footage at year-end 23.3 25.4 100
Increase in square footage (%) ––23.5
Average square footage per store (in thousands) 0.9 2.0 108
Store Sales and Other Data
(5)
Comparable store sales increase (%) (6) ––
10
Weighted average weekly sales per operating store (in thousands) 1.8% 5.5% $ 876
Weighted average sales per square foot ($) (6) 0.9 3.4 423
Number of customer transactions 21.4 25.2 797
Average sale per transaction ($) 3.0 3.9 47.87
Number of associates at year-end (actual) 24.5 27.7 201,400
36
(1) Fiscal years 1996 and 1990 consisted of 53 weeks; all other fiscal years reported consisted of 52 weeks.
(2) Excludes the effect of a $104 million non-recurring charge in fiscal 1997.
(3) All share and per share data have been adjusted for a three-for-two stock split on December 30, 1999.