Home Depot 2002 Annual Report Download - page 44

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10-YEAR SUMMARY OF FINANCIAL AND OPERATING RESULTS
THE HOME DEPOT, INC. AND SUBSIDIARIES
5-Year 10-Year
Compound Annual Compound Annual
amounts in millions, except where noted Growth Rate Growth Rate 2002 2001(1)
Statement of Earnings Data
Net sales 19.2% 23.3% $58,247 $53,553
Net sales increase (%) – – 8.8 17.1
Earnings before provision for income taxes 25.3 26.1 5,872 4,957
Net earnings 25.9 26.0 3,664 3,044
Net earnings increase (%) – – 20.4 17.9
Diluted earnings per share ($)(2) 24.6 24.1 1.56 1.29
Diluted earnings per share increase (%) – – 20.9 17.3
Diluted weighted average number of common shares 0.5 1.1 2,344 2,353
Gross margin – % of sales – – 31.1 30.2
Selling and store operating expense – % of sales – – 19.2 19.0
Pre-opening expense – % of sales – – 0.2 0.2
General and administrative expense – % of sales – – 1.7 1. 7
Net interest income (expense) – % of sales – – 0.1 –
Earnings before provision for income taxes – % of sales – – 10.1 9.3
Net earnings – % of sales – – 6.3 5.7
Balance Sheet Data and Financial Ratios
Total assets 21.7% 22.5% $30,011 $26,394
Working capital 14.1 17.0 3,882 3,860
Merchandise inventories 18.3 24.4 8,338 6,725
Net property and equipment 21.4 26.7 17,168 15,375
Long-term debt 0.3 4.6 1,321 1,250
Stockholders’ equity 22.8 24.0 19,802 18,082
Book value per share ($) 21.0 22.0 8.38 7.71
Long-term debt-to-equity (%) – – 6.7 6.9
Current ratio – – 1.48:1 1.59:1
Inventory turnover – – 5.3x 5.4x
Return on invested capital (%) – – 18.8 18.3
Statement of Cash Flows Data
Depreciation and amortization 26.1% 29.1% $ 903 $ 764
Capital expenditures(3) 13.4 20.2 2,749 3,398
Cash dividends per share ($) 28.5 26.5 0.21 0.17
Store Data(4)
Number of stores 19.7% 21.8% 1,532 1,333
Square footage at fiscal year-end 20.3 23.0 166 146
Increase in square footage (%) – – 14.1 18.5
Average square footage per store (in thousands) 0.4 1.0 108 109
Store Sales and Other Data
Comparable store sales increase (%)(5) ––
––
Weighted average weekly sales per operating store (in thousands)(4) (1.4)% 0.6% $ 772 $ 812
Weighted average sales per square foot ($)(4,5) (1.8) (0.4) 370 388
Number of customer transactions(4) 16.1 19.9 1,161 1,091
Average sale per transaction ($)(4) 2.5 2.7 49.43 48.64
Number of associates at fiscal year-end 17.7 21.9 280,900 256,300
42 THE HOME DEPOT, INC. 2002 ANNUAL REPORT
(1)Fiscal years 2001 and 1996 include 53 weeks; all other fiscal years reported include 52 weeks.
(2)Diluted earnings per share for fiscal 1997, excluding a $104 million non-recurring charge, were $0.55.
(3) Excludes payments for businesses acquired (net, in millions) for fiscal years 2002 ($235), 2001 ($190), 2000 ($26), 1999 ($101), 1998 ($6) and 1997 ($61).