Home Depot 2014 Annual Report Download - page 67

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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 2014 2013 2012(1) 2011 2010
STATEMENT OF EARNINGS DATA
Net sales $ 83,176 $ 78,812 $ 74,754 $ 70,395 $ 67,997
Net sales increase (%) 5.5 5.4 6.2 3.5 2.8
Earnings before provision for income taxes 9,976 8,467 7,221 6,068 5,273
Net earnings 6,345 5,385 4,535 3,883 3,338
Net earnings increase (%) 17.8 18.7 16.8 16.3 27.4
Diluted earnings per share ($) 4.71 3.76 3.00 2.47 2.01
Diluted earnings per share increase (%) 25.3 25.3 21.5 22.9 29.7
Diluted weighted average number of common shares 1,346 1,434 1,511 1,570 1,658
Gross margin – % of sales 34.8 34.8 34.6 34.5 34.3
Total operating expenses – % of sales 22.2 23.1 24.2 25.0 25.7
Interest and other, net – % of sales 0.6 0.9 0.7 0.8 0.8
Earnings before provision for income taxes – % of sales 12.0 10.7 9.7 8.6 7.8
Net earnings – % of sales 7.6 6.8 6.1 5.5 4.9
BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets $ 39,946 $ 40,518 $ 41,084 $ 40,518 $ 40,125
Working capital 4,033 4,530 3,910 5,144 3,357
Merchandise inventories 11,079 11,057 10,710 10,325 10,625
Net property and equipment 22,720 23,348 24,069 24,448 25,060
Long-term debt 16,869 14,691 9,475 10,758 8,707
Stockholders’ equity 9,322 12,522 17,777 17,898 18,889
Long-term debt-to-equity (%) 181.0 117.3 53.3 60.1 46.1
Total debt-to-equity (%) 184.5 117.6 60.7 60.3 51.6
Current ratio 1.36:1 1.42:1 1.34:1 1.55:1 1.33:1
Inventory turnover 4.7x 4.6x 4.5x 4.3x 4.1x
Return on invested capital (%) 24.9 20.9 17.0 14.9 12.8
STATEMENT OF CASH FLOWS DATA
Depreciation and amortization $ 1,786 $ 1,757 $ 1,684 $ 1,682 $ 1,718
Capital expenditures 1,442 1,389 1,312 1,221 1,096
Cash dividends per share ($) 1.880 1.560 1.160 1.040 0.945
STORE DATA
Number of stores 2,269 2,263 2,256 2,252 2,248
Square footage at fiscal year-end 236 236 235 235 235
Average square footage per store (in thousands) 104 104 104 104 105
STORE SALES AND OTHER DATA
Comparable store sales increase (%)(2) 5.3 6.8 4.6 3.4 2.9
Sales per square foot ($) 352 334 319 299 289
Number of customer transactions 1,442 1,391 1,364 1,318 1,306
Average ticket ($) 57.87 56.78 54.89 53.28 51.93
Number of associates at fiscal year-end (in thousands) 371 365 340 331 321
(1) Fiscal year 2012 includes 53 weeks; all other fiscal years reported include 52 weeks.
(2) 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.