Home Depot 2015 Annual Report Download - page 35

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Table of Contents
33
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data January 31,
2016 February 1,
2015 February 2,
2014
NET SALES $ 88,519 $ 83,176 $ 78,812
Cost of Sales 58,254 54,787 51,897
GROSS PROFIT 30,265 28,389 26,915
Operating Expenses:
Selling, General and Administrative 16,801 16,280 16,122
Depreciation and Amortization 1,690 1,640 1,627
Total Operating Expenses 18,491 17,920 17,749
OPERATING INCOME 11,774 10,469 9,166
Interest and Other (Income) Expense:
Interest and Investment Income (166)(337)(12)
Interest Expense 919 830 711
Interest and Other, net 753 493 699
EARNINGS BEFORE PROVISION FOR INCOME TAXES 11,021 9,976 8,467
Provision for Income Taxes 4,012 3,631 3,082
NET EARNINGS $ 7,009 $ 6,345 $ 5,385
Weighted Average Common Shares 1,277 1,338 1,425
BASIC EARNINGS PER SHARE $ 5.49 $ 4.74 $ 3.78
Diluted Weighted Average Common Shares 1,283 1,346 1,434
DILUTED EARNINGS PER SHARE $ 5.46 $ 4.71 $ 3.76
—————
(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.
See accompanying Notes to Consolidated Financial Statements.