Home Depot 2001 Annual Report Download - page 38

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10-YEAR SUMMARY OF FINANCIAL AND OPERATING RESULTS
The Home Depot, Inc. and Subsidiaries36
5 -Year 10 -Year
Compound Annual Compound Annual
amounts in millions, except where noted Growth Rate Growth Rate 2001(1)
STATEMENT OF EARNINGS DATA
Net sales 22.3% 26.4% $ 53,553
Net sales increase (%) ––17.1
Earnings before income taxes(2) 26.4 28.8 4,957
Net earnings(2) 26.5 28.4 3,044
Net earnings increase (%)(2) – – 17.9
Diluted earnings per share ($)(2,3) 24.6 25.8 1.29
Diluted earnings per share increase (%)(2) – – 17.3
Weighted average number of common shares outstanding assuming dilution 1.4 1.7 2,353
Gross margin – % of sales – – 30.2
Store selling and operating expense – % of sales – – 19.0
Pre-opening expense – % of sales – – 0.2
General and administrative expense – % of sales – – 1.7
Net interest income (expense) – % of sales – – –
Earnings before income taxes – % of sales(2) – – 9.3
Net earnings – % of sales(2) – – 5.7
BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets 23.1% 26.5% $ 26,394
Working capital 15.6 20.0 3,860
Merchandise inventories 20.0 26.1 6,725
Net property and equipment 23.1 28.5 15,375
Long-term debt 0.1 16.5 1,250
Stockholders’equity 24.9 26.7 18,082
Book value per share ($) 22.9 24.1 7.71
Long-term debt to equity (%) – – 6.9
Current ratio – – 1.59:1
Inventory turnover – – 5.4x
Return on invested capital (%)(2) – – 18.3
STATEMENT OF CASH FLOWS DATA
Depreciation and amortization 26.9% 30.8% $ 764
Capital expenditures(5) 22.2 22.9 3,398
Cash dividends per share ($) 27.7 32.8 0.17
STORE DATA(4)
Number of stores 21.1% 22.6% 1,333
Square footage at year-end 22.0 24.7 146
Increase in square footage (%) – – 18.5
Average square footage per store (in thousands) 0.8 1.4 109
STORE SALES AND OTHER DATA
Comparable store sales increase (%)(6) – – –
Weighted average weekly sales per operating store (in thousands)(4) 0.2% 2.5% $ 812
Weighted average sales per square foot ($)(4,6) (0.5) 1.1 388
Number of customer transactions(4) 18.6 22.3 1,091
Average sale per transaction ($)(4) 2.9 3.3 48.64
Number of associates at year-end (actual) 21.2 24.8 256,300
(1) Fiscal years 2001 and 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.