Home Depot 2013 Annual Report Download - page 36

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31
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data February 2,
2014 February 3,
2013 January 29,
2012
NET SALES $ 78,812 $ 74,754 $ 70,395
Cost of Sales 51,422 48,912 46,133
GROSS PROFIT 27,390 25,842 24,262
Operating Expenses:
Selling, General and Administrative 16,597 16,508 16,028
Depreciation and Amortization 1,627 1,568 1,573
Total Operating Expenses 18,224 18,076 17,601
OPERATING INCOME 9,166 7,766 6,661
Interest and Other (Income) Expense:
Interest and Investment Income (12)(20)(13)
Interest Expense 711 632 606
Other —(67) —
Interest and Other, net 699 545 593
EARNINGS BEFORE PROVISION FOR INCOME TAXES 8,467 7,221 6,068
Provision for Income Taxes 3,082 2,686 2,185
NET EARNINGS $ 5,385 $ 4,535 $ 3,883
Weighted Average Common Shares 1,425 1,499 1,562
BASIC EARNINGS PER SHARE $ 3.78 $ 3.03 $ 2.49
Diluted Weighted Average Common Shares 1,434 1,511 1,570
DILUTED EARNINGS PER SHARE $ 3.76 $ 3.00 $ 2.47
—————
(1) Fiscal years ended February 2, 2014 and January 29, 2012 include 52 weeks. Fiscal year ended February 3, 2013
includes 53 weeks.
See accompanying Notes to Consolidated Financial Statements.