Home Depot 2004 Annual Report Download - page 2

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Corporate Profile
Performance Summary
amounts in billions, except for Fiscal Fiscal Fiscal
earnings per share and store count 2004 2003 2002
Net sales $ 73.1 $ 64.8 $ 58.2
Net earnings $5.0 $ 4.3 $ 3.7
Diluted earnings per share $ 2.26 $ 1.88 $ 1.56
Total assets $38.9 $34.4 $ 30.0
Cash and short-term investments $ 2.2 $ 2.9 $ 2.3
Stockholders’ equity $24.2 $22.4 $ 19.8
Total liabilities $14.7 $ 12.0 $ 10.2
Store count 1,890 1,707 1,532
’01
$53.6 $58.2 $64.8
$73.1
’02 ’03 ’04
’01
$3.0
$3.7
$4.3
$5.0
’02 ’03 ’04
’01
$1.29
$1.56
$1.88
$2.26
’02 ’03 ’04
’01
$26.4 $30.0
$34.4
$38.9
’02 ’03 ’04
Sales
$ in billions
Net Earnings
$ in billions
Earnings Per Share
diluted
Total Assets
$ in billions
Founded in 1978, The Home Depot, Inc. is the world’s largest home improvement retailer, the second largest retailer in the
United States (U.S.) and the third largest retailer on a global basis, with fiscal 2004 sales of $73.1 billion. The Home Depot®
stores are full-service, warehouse-style stores averaging approximately 106,000 square feet in size. The stores stock
40,000 to 50,000 different types of building materials, home improvement supplies, décor and lawn and garden products
that are sold to do-it-yourselfers, home improvement contractors, trades people and building maintenance professionals. The
Company also operates EXPO Design Center®stores, which sell products and services primarily for home remodeling and
decorating projects. At the end of fiscal 2004, the Company was operating 1,818 The Home Depot stores and 54 EXPO
Design Center stores. In addition to The Home Depot and EXPO Design Center stores, the Company also operates two store
formats focused on professional customers called The Home Depot SupplySM and The Home Depot Landscape SupplySM
. At the
end of fiscal 2004, the Company operated five The Home Depot Supply stores and 11 The Home Depot Landscape Supply
stores. During fiscal 2004, other businesses operated under The Home Depot Supply brand, which distributed products and
sold installation services primarily to businesses and governments through these companies: Apex Supply Company, Your
Other Warehouse, The Home Depot Supply, White Cap Construction and HD Builder Solutions Group. The Company also
has two stores called The Home Depot Floor StoreSM that sell primarily flooring products. The Home Depot has been a public
company since 1981, and its common stock trades on the New York Stock Exchange under the ticker symbol “HD” and is
included in the Dow Jones Industrial Average and the Standard & Poor’s 500 Index.