Home Depot 2005 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2005 Home Depot annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
January 29, January 30, February 1,
amounts in millions, except per share data 2006 2005 2004
NET SALES $81,511 $73,094 $64,816
Cost of Sales 54,191 48,664 44,236
GROSS PROFIT 27,320 24,430 20,580
Operating Expenses:
Selling, General and Administrative 16,485 15,256 12,713
Depreciation and Amortization 1,472 1,248 1,021
Total Operating Expenses 17,957 16,504 13,734
OPERATING INCOME 9,363 7,926 6,846
Interest Income (Expense):
Interest and Investment Income 62 56 59
Interest Expense (143) (70) (62)
Interest, net (81) (14) (3)
EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,282 7,912 6,843
Provision for Income Taxes 3,444 2,911 2,539
NET EARNINGS $ 5,838 $ 5,001 $ 4,304
Weighted Average Common Shares 2,138 2,207 2,283
BASIC EARNINGS PER SHARE $ 2.73 $ 2.27 $ 1.88
Diluted Weighted Average Common Shares 2,147 2,216 2,289
DILUTED EARNINGS PER SHARE $ 2.72 $ 2.26 $ 1.88
(1) Fiscal years ended January 29, 2006, January 30, 2005 and February 1, 2004 include 52 weeks.
See accompanying Notes to Consolidated Financial Statements.
36