Home Depot 2013 Annual Report Download - page 63

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F-1
Five-Year Summary of Financial and Operating Results
The Home Depot, Inc. and Subsidiaries
amounts in millions, except where noted 2013 2012(1) 2011 2010 2009(2)
STATEMENT OF EARNINGS DATA
Net sales $ 78,812 $ 74,754 $ 70,395 $ 67,997 $ 66,176
Net sales increase (decrease) (%) 5.4 6.2 3.5 2.8 (7.2)
Earnings before provision for income taxes 8,467 7,221 6,068 5,273 3,982
Net earnings 5,385 4,535 3,883 3,338 2,620
Net earnings increase (%) 18.7 16.8 16.3 27.4 13.3
Diluted earnings per share ($) 3.76 3.00 2.47 2.01 1.55
Diluted earnings per share increase (%) 25.3 21.5 22.9 29.7 13.1
Diluted weighted average number of common shares 1,434 1,511 1,570 1,658 1,692
Gross margin – % of sales 34.8 34.6 34.5 34.3 33.9
Total operating expenses – % of sales 23.1 24.2 25.0 25.7 26.6
Interest and other, net – % of sales 0.9 0.7 0.8 0.8 1.2
Earnings before provision for income taxes – % of sales 10.7 9.7 8.6 7.8 6.0
Net earnings – % of sales 6.8 6.1 5.5 4.9 4.0
BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets $ 40,518 $ 41,084 $ 40,518 $ 40,125 $ 40,877
Working capital 4,530 3,910 5,144 3,357 3,537
Merchandise inventories 11,057 10,710 10,325 10,625 10,188
Net property and equipment 23,348 24,069 24,448 25,060 25,550
Long-term debt 14,691 9,475 10,758 8,707 8,662
Stockholders’ equity 12,522 17,777 17,898 18,889 19,393
Long-term debt-to-equity (%) 117.3 53.3 60.1 46.1 44.7
Total debt-to-equity (%) 117.6 60.7 60.3 51.6 49.9
Current ratio 1.42:1 1.34:1 1.55:1 1.33:1 1.34:1
Inventory turnover 4.6x 4.5x 4.3x 4.1x 4.1x
Return on invested capital (%) 20.9 17.0 14.9 12.8 10.7
STATEMENT OF CASH FLOWS DATA
Depreciation and amortization $ 1,757 $ 1,684 $ 1,682 $ 1,718 $ 1,806
Capital expenditures 1,389 1,312 1,221 1,096 966
Cash dividends per share ($) 1.560 1.160 1.040 0.945 0.900
STORE DATA
Number of stores 2,263 2,256 2,252 2,248 2,244
Square footage at fiscal year-end 236 235 235 235 235
Average square footage per store (in thousands) 104 104 104 105 105
STORE SALES AND OTHER DATA
Comparable store sales increase (decrease) (%)(3) 6.8 4.6 3.4 2.9 (6.6)
Sales per square foot ($) 334 319 299 289 279
Number of customer transactions 1,391 1,364 1,318 1,306 1,274
Average ticket ($) 56.78 54.89 53.28 51.93 51.76
Number of associates at fiscal year-end (in thousands) 365 340 331 321 317
(1) Fiscal year 2012 includes 53 weeks; all other fiscal years reported include 52 weeks.
(2) Continuing operations only.
(3) Includes Net Sales at locations open greater than 12 months, including relocated and remodeled stores and online sales,
and excluding closed stores. Retail stores become comparable on the Monday following their 365th day of operation.
Comparable store sales is intended only as supplemental information and is not a substitute for Net Sales or Net
Earnings presented in accordance with generally accepted accounting principles. Net Sales for the 53rd week of fiscal
2012 are not included in comparable store sales results for fiscal 2012.