Home Depot 2006 Annual Report Download - page 44

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THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
January 28, January 29, January 30,
amounts in millions, except per share data 2007 2006 2005
NET SALES $90,837 $81,511 $73,094
Cost of Sales 61,054 54,191 48,664
GROSS PROFIT 29,783 27,320 24,430
Operating Expenses:
Selling, General and Administrative 18,348 16,485 15,256
Depreciation and Amortization 1,762 1,472 1,248
Total Operating Expenses 20,110 17,957 16,504
OPERATING INCOME 9,673 9,363 7,926
Interest Income (Expense):
Interest and Investment Income 27 62 56
Interest Expense (392) (143) (70)
Interest, net (365) (81) (14)
EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,308 9,282 7,912
Provision for Income Taxes 3,547 3,444 2,911
NET EARNINGS $ 5,761 $ 5,838 $ 5,001
Weighted Average Common Shares 2,054 2,138 2,207
BASIC EARNINGS PER SHARE $ 2.80 $ 2.73 $ 2.27
Diluted Weighted Average Common Shares 2,062 2,147 2,216
DILUTED EARNINGS PER SHARE $ 2.79 $ 2.72 $ 2.26
(1) Fiscal years ended January 28, 2007, January 29, 2006 and January 30, 2005 include 52 weeks.
See accompanying Notes to Consolidated Financial Statements.
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