Home Depot 2015 Annual Report Download - page 59

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Table of Contents
57
Insurance Coverage
The Company maintained $100 million of network security and privacy liability insurance coverage in fiscal 2014, above a
$7.5 million deductible, to limit the Company’s exposure to losses such as those related to the Data Breach. As of January 31,
2016, the Company had received initial payments totaling $30 million of insurance reimbursements under the fiscal 2014
policy, and expects to receive additional payments. The Company maintained $100 million of network security and privacy
liability insurance coverage in fiscal 2015, above a $10 million deductible, to limit the Company’s exposure to similar losses.
In the first quarter of fiscal 2016, the Company entered into a new policy, with $100 million of network security and privacy
liability insurance coverage, above a $10 million deductible, to limit the Company’s exposure to similar losses.
14. QUARTERLY FINANCIAL DATA (UNAUDITED)
The following is a summary of the quarterly consolidated results of operations for the fiscal years ended January 31, 2016
and February 1, 2015 (amounts in millions, except per share data):
Net Sales Gross
Profit Net
Earnings
Basic
Earnings per
Share
Diluted
Earnings per
Share
Fiscal Year Ended January 31, 2016:
First Quarter $ 20,891 $ 7,179 $ 1,579 $ 1.22 $ 1.21
Second Quarter 24,829 8,365 2,234 1.74 1.73
Third Quarter 21,819 7,565 1,725 1.36 1.35
Fourth Quarter 20,980 7,156 1,471 1.17 1.17
Fiscal Year $ 88,519 $ 30,265 $ 7,009 $ 5.49 $ 5.46
Fiscal Year Ended February 1, 2015:
First Quarter $ 19,687 $ 6,757 $ 1,379 $ 1.01 $ 1.00
Second Quarter 23,811 8,007 2,050 1.52 1.52
Third Quarter 20,516 7,043 1,537 1.16 1.15
Fourth Quarter 19,162 6,582 1,379 1.06 1.05
Fiscal Year $ 83,176 $ 28,389 $ 6,345 $ 4.74 $ 4.71
Note: The quarterly data may not sum to fiscal year totals.