Home Depot 2000 Annual Report Download - page 34

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10-Year Summary of Financial and Operating Results
The Home Depot, Inc. and Subsidiaries
5 -Ye a r 1 0 -Ye a r
Compound Annual Compound Annual
amounts in millions, except where noted Growth Rate Growth Rate 2000
Statement of Earnings Data
Net sales 24.2% 28.2%
$ 45,738
Net sales increase (%) ––
19.0
Earnings before income taxes(2) 28.7 32.1
4,217
Net earnings(2) 28.7 31.8
2,581
Net earnings increase (%)(2) ––
11.3
Diluted earnings per share ($)(2,3) 26.5 27.1
1.10
Diluted earnings per share increase (%)(2) ––
10.0
Weighted average number of common shares outstanding assuming dilution 1.8 2.6
2,352
Gross margin – % of sales – –
29.9
Store selling and operating expense – % of sales – –
18.6
Pre-opening expense – % of sales – –
0.3
General and administrative expense – % of sales – –
1.8
Net interest income (expense) – % of sales – –
–
Earnings before income taxes – % of sales(2) ––
9.2
Net earnings – % of sales(2) ––
5.6
Balance Sheet Data and Financial Ratios
Total assets 23.8% 29.3%
$ 21,385
Working capital 22.0 27.4
3,392
Merchandise inventories 24.6 29.1
6,556
Net property and equipment 24.0 31.0
13,068
Long-term debt 16.5 11.3
1,545
Stockholders’ equity 24.6 36.2
15,004
Book value per share ($) 22.7 31.1
6.46
Long-term debt to equity (%) – –
10.3
Current ratio ––
1.77:1
Inventory turnover ––
5.1x
Return on invested capital (%)(2) ––
19.6
Statement of Cash Flows Data
Depreciation and amortization 27.1% 33.3%
$ 601
Capital expenditures 22.3 24.5
3,574
Cash dividends per share ($) 32.0 32.0
0.16
Store Data
(4)
Number of stores 21.8% 22.8%
1,134
Square footage at year-end 22.8 25.2
123
Increase in square footage (%) – –
22.6
Average square footage per store (in thousands) 0.6 1.6
108
Store Sales and Other Data
(4)
Comparable store sales increase (%)(5) ––
4
Weighted average weekly sales per operating store (in thousands) 1.9% 4.3%
$ 864
Weighted average sales per square foot ($)(5) 1.3 2.6
415
Number of customer transactions 20.4 23.7
937
Average sale per transaction ($) 3.1 3.7
48.65
Number of associates at year-end (actual) 23.0 26.6
227,300
(1)Fiscal year 1996 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)Diluted earnings per share for fiscal 1997, including a $104 million non-recurring charge, were $0.52.