Home Depot 2000 Annual Report Download - page 22

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Consolidated Statements of Earnings
The Home Depot, Inc. and Subsidiaries
amounts in millions, except per share data Fiscal Year Ended
January 28, 2001 January 30, 2000 January 31, 1999
Net Sales
$ 45,738
$ 38,434 $ 30,219
Cost of Merchandise Sold
32,057
27,023 21,614
Gross Profit
13,681
11,411 8,605
Operating Expenses:
Selling and Store Operating
8,513
6,819 5,332
Pre-Opening
142
113 88
General and Administrative
835
671 515
Total Operating Expenses
9,490
7,603 5,935
Operating Income
4,191
3,808 2,670
Interest Income (Expense):
Interest and Investment Income
47
37 30
Interest Expense
(21)
(41) (46)
Interest, net
26
(4) (16)
Earnings Before Income Taxes
4,217
3,804 2,654
Income Taxes
1,636
1,484 1,040
Net Earnings
$ 2,581
$ 2,320 $ 1,614
Basic Earnings Per Share
$1.11
$ 1.03 $ 0.73
Weighted Average Number of Common Shares Outstanding
2,315
2,244 2,206
Diluted Earnings Per Share
$1.10
$ 1.00 $ 0.71
Weighted Average Number of Common Shares Outstanding Assuming Dilution
2,352
2,342 2,320
See accompanying notes to consolidated financial statements.