Home Depot 2013 Annual Report Download - page 55

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50
12. COMMITMENTS AND CONTINGENCIES
At February 2, 2014, the Company was contingently liable for approximately $372 million under outstanding letters of credit
and open accounts issued for certain business transactions, including insurance programs, trade contracts and construction
contracts. The Company’s letters of credit are primarily performance-based and are not based on changes in variable
components, a liability or an equity security of the other party.
The Company is involved in litigation arising from the normal course of business. In management’s opinion, this litigation is
not expected to have a material adverse effect on the Company’s consolidated financial condition, results of operations or
cash flows.
13. QUARTERLY FINANCIAL DATA (UNAUDITED)
The following is a summary of the quarterly consolidated results of operations for the fiscal years ended February 2, 2014
and February 3, 2013 (amounts in millions, except per share data):
Net Sales Gross
Profit Net
Earnings
Basic
Earnings per
Share
Diluted
Earnings per
Share
Fiscal Year Ended February 2, 2014:
First Quarter $ 19,124 $ 6,679 $ 1,226 $ 0.84 $ 0.83
Second Quarter 22,522 7,721 1,795 1.25 1.24
Third Quarter 19,470 6,798 1,351 0.96 0.95
Fourth Quarter 17,696 6,192 1,013 0.73 0.73
Fiscal Year $ 78,812 $ 27,390 $ 5,385 $ 3.78 $ 3.76
Fiscal Year Ended February 3, 2013:
First Quarter $ 17,808 $ 6,183 $ 1,035 $ 0.68 $ 0.68
Second Quarter 20,570 7,026 1,532 1.02 1.01
Third Quarter 18,130 6,267 947 0.64 0.63
Fourth Quarter(1) 18,246 6,366 1,021 0.69 0.68
Fiscal Year $ 74,754 $ 25,842 $ 4,535 $ 3.03 $ 3.00
Note: The quarterly data may not sum to fiscal year totals.
—————
(1) The fourth quarter of fiscal 2012 includes 14 weeks; all other quarters of fiscal 2012 and all quarters of fiscal 2013
include 13 weeks.