A Dark Vector Cognition product

Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THE HOME DEPOT, INC. (Registrant)
By:/s/ CRAIG A. MENEAR
Craig A. Menear, Chairman, Chief Executive Officer and President
Date:March 21, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated as of March 21, 2018.

SignatureTitle
/s/ CRAIG A. MENEARChairman, Chief Executive Officer and President (Principal Executive Officer)
Craig A. Menear
/s/ CAROL B. TOMÉChief Financial Officer and Executive Vice President – Corporate Services (Principal Financial Officer and Principal Accounting Officer)
Carol B. Tomé
/s/ GERARD J. ARPEYDirector
Gerard J. Arpey
/s/ ARI BOUSBIBDirector
Ari Bousbib
/s/ JEFFERY H. BOYDDirector
Jeffery H. Boyd
/s/ GREGORY D. BRENNEMANDirector
Gregory D. Brenneman
/s/ J. FRANK BROWNDirector
J. Frank Brown
/s/ ALBERT P. CAREYDirector
Albert P. Carey
/s/ ARMANDO CODINADirector
Armando Codina
/s/ HELENA B. FOULKESDirector
Helena B. Foulkes
/s/ LINDA R. GOODENDirector
Linda R. Gooden
/s/ WAYNE M. HEWETTDirector
Wayne M. Hewett
/s/ KAREN L. KATENDirector
Karen L. Katen
/s/ MARK VADONDirector
Mark Vadon

THE HOME DEPOT, INC.

SELECTED FINANCIAL DATA

FiscalFiscalFiscalFiscalFiscal
amounts in millions, except per share data or where noted20172016201520142013
STATEMENT OF EARNINGS DATA
Net sales$100,904$94,595$88,519$83,176$78,812
Net sales increase (%)6.76.96.45.55.4
Earnings before provision for income taxes ($)13,69812,49111,0219,9768,467
Net earnings ($)8,6307,9577,0096,3455,385
Net earnings increase (%)8.513.510.517.818.7
Diluted earnings per share ($)7.296.455.464.713.76
Diluted earnings per share increase (%)13.018.115.925.325.3
Diluted weighted average number of common shares1,1841,2341,2831,3461,434
Gross profit – % of sales34.034.234.234.134.2
Total operating expenses – % of sales19.520.020.921.522.5
Interest and other, net – % of sales1.01.00.90.60.9
Net earnings – % of sales8.68.47.97.66.8
BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets$44,529$42,966$41,973$39,449$39,996
Working capital ($)2,7393,5913,9603,5894,050
Merchandise inventories ($)12,74812,54911,80911,07911,057
Net property and equipment ($)22,07521,91422,19122,72023,348
Long-term debt, excluding current installments ($)24,26722,34920,78916,78614,615
Stockholders’ equity ($)1,4544,3336,3169,32212,522
Long-term debt-to-equity (%)1,669.0515.8329.1180.1116.7
Total debt-to-equity (%)1,858.9544.7335.9183.6117.0
Current ratio1.17:11.25:11.32:11.32:11.38:1
Inventory turnover5.1x4.9x4.9x4.7x4.6x
Return on invested capital (%)34.231.428.125.020.9
STATEMENT OF CASH FLOWS DATA
Depreciation and amortization$2,062$1,973$1,863$1,786$1,757
Capital expenditures ($)1,8971,6211,5031,4421,389
Cash dividends per share ($)3.562.762.361.881.56
STORE AND OTHER SALES DATA
Number of stores2,2842,2782,2742,2692,263
Square footage at fiscal year-end237237237236236
Average square footage per store (in thousands)104104104104104
Comparable sales increase (%) (1)6.85.65.65.36.8
Sales per square foot ($) (1)417.02390.78370.55352.22334.35
Customer transactions (1)1,5791,5441,5011,4421,391
Average ticket ($) (1)63.0660.3558.7757.8756.78
Number of associates at fiscal year-end (in thousands)413406385371365

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Note: This information should be read in conjunction with MD&A and our consolidated financial statements.

(1)These amounts do not include the results for Interline, which was acquired in the third quarter of fiscal 2015.

F-1

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