Home Depot 2005 Annual Report Download - page 69

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The following table summarizes the estimated fair values of the assets acquired and liabilities assumed
at the dates of acquisition for the fiscal 2005 acquisitions (in millions):
Cash $44
Receivables 509
Inventories 297
Property and Equipment 70
Intangible Assets(1) 400
Goodwill 1,869
Other assets 14
Total assets acquired 3,203
Current liabilities 418
Other liabilities 149
Total liabilities assumed 567
Net asset acquired $2,636
(1) Includes $273 million of customer relationships and $87 million of tradenames and franchises.
In January 2006, the Company announced its intent to acquire Hughes Supply, Inc., a leading
distributor of construction and repair products, for aggregate consideration of $3.5 billion. The
Company expects to complete this acquisition in the first quarter of fiscal 2006.
11. QUARTERLY FINANCIAL DATA (UNAUDITED)
The following is a summary of the quarterly consolidated results of operations for the fiscal years
ended January 29, 2006 and January 30, 2005 (dollars in millions, except per share data):
Basic Diluted
Earnings per Earnings per
Net Sales Gross Profit Net Earnings Share Share
Fiscal Year Ended January 29, 2006:
First Quarter $18,973 $ 6,355 $1,247 $0.58 $0.57
Second Quarter 22,305 7,409 1,768 0.83 0.82
Third Quarter 20,744 6,963 1,538 0.72 0.72
Fourth Quarter 19,489 6,593 1,285 0.61 0.60
Fiscal Year $81,511 $27,320 $5,838 $2.73 $2.72
Fiscal Year Ended January 30, 2005:
First Quarter $17,550 $ 5,768 $1,098 $0.49 $0.49
Second Quarter 19,960 6,661 1,545 0.70 0.70
Third Quarter 18,772 6,252 1,317 0.60 0.60
Fourth Quarter 16,812 5,749 1,041 0.48 0.47
Fiscal Year $73,094 $24,430 $5,001 $2.27 $2.26
Note: The quarterly data may not sum to fiscal year totals due to rounding.
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