Home Depot 2006 Annual Report Download - page 80

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10-Year Summary of Financial and Operating Results
The Home Depot, Inc. and Subsidiaries 10-Year
Compound Annual
amounts in millions, except where noted Growth Rate 2006 2005
STATEMENT OF EARNINGS DATA
Net sales 16.6% $ 90,837 $ 81,511
Net sales increase (%) — 11.4 11.5
Earnings before provision for income taxes 19.7 9,308 9,282
Net earnings 19.9 5,761 5,838
Net earnings increase (%) — (1.3) 16.7
Diluted earnings per share ($)(2) 20.5 2.79 2.72
Diluted earnings per share increase (%) — 2.6 20.4
Diluted weighted average number of common shares — 2,062 2,147
Gross margin – % of sales — 32.8 33.5
Total operating expenses – % of sales — 22.1 22.0
Net interest income (expense) – % of sales — (0.4) (0.1)
Earnings before provision for income taxes – % of sales — 10.3 11.4
Net earnings – % of sales — 6.3 7.2
BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets 18.8% $ 52,263 $ 44,405
Working capital 10.5 5,069 2,563
Merchandise inventories 16.8 12,822 11,401
Net property and equipment 17.2 26,605 24,901
Long-term debt 25.0 11,643 2,672
Stockholders’ equity 15.4 25,030 26,909
Book value per share ($) 16.5 12.71 12.67
Long-term debt-to-equity (%) — 46.5 9.9
Total debt-to-equity (%) — 46.6 15.2
Current ratio — 1.39:1 1.20:1
Inventory turnover — 4.7x 4.8x
Return on invested capital (%) — 20.5 22.4
STATEMENT OF CASH FLOWS DATA
Depreciation and amortization 23.3% $ 1,886 $ 1,579
Capital expenditures 11.0 3,542 3,881
Payments for businesses acquired, net — 4,268 2,546
Cash dividends per share ($) 29.5 0.675 0.400
STORE DATA(3)
Number of stores 15.4% 2,147 2,042
Square footage at fiscal year-end 15.3 224 215
Increase in square footage (%) — 4.2 7.0
Average square footage per store (in thousands) — 105 105
STORE SALES AND OTHER DATA
Comparable store sales increase (decrease) (%)(3)(4)(5)(6) —(2.8) 3.1
Weighted average weekly sales per operating store (in thousands)(3) (1.0)% $ 723 $ 763
Weighted average sales per square foot ($)(3)(4) (1.1) 358 377
Number of customer transactions(3) 11.1 1,330 1,330
Average ticket ($)(3) 3.4 58.90 57.98
Number of associates at fiscal year-end 14.0 364,400 344,800
(1) Fiscal year 2001 includes 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) Includes Retail Segment only.
(4) Adjusted to reflect the first 52 weeks of the 53-week fiscal year in 2001.
F-1