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Home Depot Financial Overview 2020

The document provides a detailed financial overview of Home Depot, including income statements, balance sheets, cash flow statements, and key financial ratios for the fiscal years 2002 to 2006. It highlights trends in net revenues, costs, and profitability, as well as changes in assets and liabilities over the years. Key financial ratios are also summarized, indicating the company's liquidity, solvency, efficiency, and profitability metrics.

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Ngân Võ Trần Tuyết
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43 views5 pages

Home Depot Financial Overview 2020

The document provides a detailed financial overview of Home Depot, including income statements, balance sheets, cash flow statements, and key financial ratios for the fiscal years 2002 to 2006. It highlights trends in net revenues, costs, and profitability, as well as changes in assets and liabilities over the years. Key financial ratios are also summarized, indicating the company's liquidity, solvency, efficiency, and profitability metrics.

Uploaded by

Ngân Võ Trần Tuyết
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

HOME DEPOT.

INCOME STATEMENTS

Fiscal year 2006 2005 2004 2003 2002

Net revenues 90,837 81,511 73,094 64,816 58,247


Cost of sales 61,054 54,191 48,664 44,236 40,139
Gross margin 29,783 27,320 24,430 20,580 18,108
Selling, general & admin. expenses 18,348 16,485 15,256 12,713 11,375
Depreciation & amortization 1,762 1,472 1,248 1,021 903
Operating income 9,673 9,363 7,926 6,846 5,830
Interest & investment income 27 62 56 59 79
Interest expense 392 143 70 62 37
Earnings before taxes 9,308 9,282 7,912 6,843 5,872
Income taxes 3,547 3,444 2,911 2,539 2,208
Net income 5,761 5,838 5,001 4,304 3,664
Dividends 1,652 857 719 595

HOME DEPOT. BALANCE SHEETS

Fiscal year 2006 2005 2004 2003 2002

ASSETS
Cash & cash equivalents 614 807 2,165 2,852 2,253
Receivables 3,223 2,396 1,499 1,097 1,072
Inventories 12,822 11,401 10,076 9,076 8,338
Other current assets 1,341 665 533 303 254
Property, plant & equipment, net 26,605 24,901 22,726 20,063 17,168
Goodwill 6,314 3,684 1,412 833 575
Other assets 1,344 551 609 213 351
Total assets 52,263 44,405 39,020 34,437 30,011

LIABILITIES AND EQUITY


Accounts payable 7,356 6,032 5,766 5,159 4,560
Accrued expenses 1,295 3,311 2,971 2,430 2,243
Deferred revenue 1,634 1,757 1,546 1,281 998
Other current liabilities 2,646 1,801 172 684 234
Noncurrent long-term debt 11,643 2,672 2,148 856 1,321
Other long-term liabilities 2,969 2,194 2,378 1,634 708
Common stock 8,051 7,407 6,769 6,303 5,976
Retained earnings 33,052 28,943 23,962 19,680 15,971
Treasury stock (16,383) (9,712) (6,692) (3,590) (2,000)
TOTAL LIABILITIES & EQUITY 52,263 44,405 39,020 34,437 30,011
HOME DEPOT. PERCENTAGE CHANGE INCOME STATEMENTS

Fiscal year 2006 2005 2004 2003

Net revenues 11.4 11.5 12.8 11.3


Cost of sales 12.7 11.4 10.0 10.2
Gross margin 9.0 11.8 18.7 13.7
Selling, general & admin. expenses 11.3 8.1 20.0 11.8
Depreciation & amortization 19.7 17.9 22.2 13.1
Operating income 3.3 18.1 15.8 17.4
Interest & investment income -56.5 10.7 -5.1 -25.3
Interest expense 174.1 104.3 12.9 67.6
Earnings before taxes 0.3 17.3 15.6 16.5
Income taxes 3.0 18.3 14.7 15.0
Net income -1.3 16.7 16.2 17.5

HOME DEPOT. COMMON SIZE VERTICAL INCOME


STATEMENTS

Fiscal year 2006 2005 2004 2003 2002

Net revenues 1 1 1 1 1
Cost of sales 0.672 0.665 0.666 0.682 0.689
Gross margin 0.328 0.335 0.334 0.318 0.311
Selling, general & admin. expenses 0.202 0.202 0.209 0.196 0.195
Depreciation & amortization 0.019 0.018 0.017 0.016 0.016
Operating income 0.106 0.115 0.108 0.106 0.1
Interest & investment income 0 0.001 0.001 0.001 0.001
Interest expense 0.004 0.002 0.001 0.001 0.001
Earnings before taxes 0.102 0.114 0.108 0.106 0.101
Income taxes 0.039 0.042 0.040 0.039 0.038
Net income 0.063 0.072 0.068 0.066 0.063
HOME DEPOT. PERCENTAGE CHANGE BALANCE SHEETS
Fiscal year 2006 2005 2004 2003
ASSETS
Cash & cash equivalents -23.9 -62.7 -24.1 26.6
Receivables 34.5 59.8 36.6 2.3
Inventories 12.5 13.2 11.0 8.9
Other current assets 101.7 24.8 75.9 19.3
Property, plant & equipment, net 6.8 9.6 13.3 16.9
Goodwill 71.4 160.9 69.5 44.9
Other assets 143.9 -9.5 185.9 -39.3
Total assets 17.7 13.8 13.3 14.7

LIABILITIES AND EQUITY


Accounts payable 21.9 4.6 11.8 13.1
Accrued expenses -60.9 11.4 22.3 8.3
Deferred revenue -7.0 13.6 20.7 28.4
Other current liabilities 46.9 947.1 -74.9 192.3
Noncurrent long-term debt 335.7 24.4 150.9 -35.2
Other long-term liabilities 35.3 -7.7 45.5 130.8
Common stock 8.7 9.4 7.4 5.5
Retained earnings 14.2 20.8 21.8 23.2
Treasury stock 68.7 45.1 86.4 79.5
TOTAL LIABILITIES & EQUITY 17.7 13.8 13.3 14.7

HOME DEPOT. COMMON-SIZE VERTICAL BALANCE SHEETS


Fiscal year 2006 2005 2004 2003 2002
ASSETS
Cash & cash equivalents 0.012 0.018 0.055 0.083 0.075
Receivables 0.062 0.054 0.038 0.032 0.036
Inventories 0.245 0.257 0.258 0.264 0.278
Other current assets 0.026 0.015 0.014 0.009 0.008
Property, plant & equipment, net 0.509 0.561 0.582 0.583 0.572
Goodwill 0.121 0.083 0.036 0.024 0.019
Other assets 0.026 0.012 0.016 0.006 0.012
Total assets 1 1 1 1 1

LIABILITIES AND EQUITY


Accounts payable 0.141 0.136 0.148 0.150 0.152
Accrued expenses 0.025 0.075 0.076 0.071 0.075
Deferred revenue 0.031 0.040 0.040 0.037 0.033
Other current liabilities 0.051 0.041 0.004 0.020 0.008
Noncurrent long-term debt 0.223 0.060 0.055 0.025 0.044
Other long-term liabilities 0.057 0.049 0.061 0.047 0.024
Common stock 0.154 0.167 0.173 0.183 0.199
Retained earnings 0.632 0.652 0.614 0.571 0.532
Treasury stock -0.313 -0.219 -0.172 -0.104 -0.067
TOTAL LIABILITIES & EQUITY 1 1 1 1 1
HOME DEPOT. PERCENTAGE CHANGE CASH FLOW STATEMENTS

Fiscal year 2006 2005 2004 2003

Net revenue 11.4 11.5 12.8 11.3

Cash flow provided by operating activity


Net income (loss) -1.3 16.7 16.2 17.5
Depreciation/amortization 19.4 19.7 22.6 19.2
(Incr)/Decr. In Inventory -42.0 14.4 22.5 -56.5
(Incr)/Decr. In accounts payable 258.8 -77.1 -18.4 -43.3
Other operating activities -141.8 -114.0 -26.2 146.7
Net cash provided (used) by operations 18.2 -6.1 5.5 36.3

Cash flow provided by investing activity


Capital expenditures -8.7 -1.7 12.5 27.6
Acquisition/disposal of subs., business 67.6 250.2 238.1 0.9
Purchase/sale of investments -98.5 1577.0 66.7 -177.9
Other investing activities -15.9 70.8 -128.8 -417.1
Net cash provided/used by investing 66.7 2.4 12.1 36.2

Cash flow provided by financing activities


Proceeds from common stock sale -8.0 45.3 25.6 -30.4
Repurchases of common stock 119.9 -2.1 99.9 -22.3
Proceeds from borrowing 371.5 90.5 -100
Repayment of Debt 5770.8 -95.3 5566.7
Dividends, other distribution 62.8 19.2 20.8 20.9
Other financing activities -77.2 -150.0
Net cash provided/used by financing -88.4 -37.2 44.1 -10.8

Change in Cash -226 -141.9 -157.9 -308.1


HOME DEPOT. SUMMARY OF KEY
FINANCIAL RATIOS

2006 2005 2004 2003

Liquidity ratios
Current ratio 1.39 1.18 1.37 1.48
Quick ratio 0.3 0.25 0.35 0.41

Solvency ratios
Long-term Debt to Equity 0.47 0.1 0.09 0.04
Liabilities to assets 0.53 0.4 0.38 0.35
CFO to liabilities 0.28 0.36 0.46 0.54
CFO to CAPEX 2.16 1.67 1.75 1.87
Interest coverage 24.74 65.91 114.03 111.37

Efficiency ratios
Account Receivable turnover 32.33 41.85 56.31 59.77
Inventory turnover 5.04 5.05 5.08 5.08
Accounts payable turnover 9.12 9.19 8.91 9.1
Asset turnover 1.88 1.95 1.99 2.01
Days receivables outstanding 11.29 8.72 6.48 6.11
Days Inventory outstanding 72.41 72.33 71.82 71.84
Days payable outstanding 40.02 39.73 40.97 40.1
Net days financing required 43.68 41.32 37.33 37.85

Profitability ratios
Return on assets (%) 12.42 14.21 13.74 13.48
Return on equity (%) 22.43 23.04 21.54 20.33
Profit margin (%) 6.34 7.16 6.84 6.64
Financial leverage 1.88 1.65 1.58 1.52

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