filings.toolsItem 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 28, 2019 |
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 28, 2019.
| Signature | Title | |
| /s/ CRAIG A. MENEAR | Chairman, Chief Executive Officer and President (Principal Executive Officer) | |
| Craig A. Menear | ||
| /s/ CAROL B. TOMÉ | Chief Financial Officer and Executive Vice President – Corporate Services (Principal Financial Officer and Principal Accounting Officer) | |
| Carol B. Tomé | ||
| /s/ GERARD J. ARPEY | Director | |
| Gerard J. Arpey | ||
| /s/ ARI BOUSBIB | Director | |
| Ari Bousbib | ||
| /s/ JEFFERY H. BOYD | Director | |
| Jeffery H. Boyd | ||
| /s/ GREGORY D. BRENNEMAN | Director | |
| Gregory D. Brenneman | ||
| /s/ J. FRANK BROWN | Director | |
| J. Frank Brown | ||
| /s/ ALBERT P. CAREY | Director | |
| Albert P. Carey | ||
| /s/ ARMANDO CODINA | Director | |
| Armando Codina | ||
| /s/ HELENA B. FOULKES | Director | |
| Helena B. Foulkes | ||
| /s/ LINDA R. GOODEN | Director | |
| Linda R. Gooden | ||
| /s/ WAYNE M. HEWETT | Director | |
| Wayne M. Hewett | ||
| /s/ MANUEL KADRE | Director | |
| Manuel Kadre | ||
| /s/ STEPHANIE C. LINNARTZ | Director | |
| Stephanie C. Linnartz | ||
| /s/ MARK VADON | Director | |
| Mark Vadon |
THE HOME DEPOT, INC.
SELECTED FINANCIAL DATA
| Fiscal | Fiscal | Fiscal | Fiscal | Fiscal | |||||||||||||||
| amounts in millions, except per share data or where noted | 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||
| STATEMENT OF EARNINGS DATA | |||||||||||||||||||
| Net sales | $ | 108,203 | $ | 100,904 | $ | 94,595 | $ | 88,519 | $ | 83,176 | |||||||||
| Net sales increase (%) | 7.2 | 6.7 | 6.9 | 6.4 | 5.5 | ||||||||||||||
| Earnings before provision for income taxes ($) | 14,556 | 13,698 | 12,491 | 11,021 | 9,976 | ||||||||||||||
| Net earnings ($) | 11,121 | 8,630 | 7,957 | 7,009 | 6,345 | ||||||||||||||
| Net earnings increase (%) | 28.9 | 8.5 | 13.5 | 10.5 | 17.8 | ||||||||||||||
| Diluted earnings per share ($) | 9.73 | 7.29 | 6.45 | 5.46 | 4.71 | ||||||||||||||
| Diluted earnings per share increase (%) | 33.5 | 13.0 | 18.1 | 15.9 | 25.3 | ||||||||||||||
| Diluted weighted average number of common shares | 1,143 | 1,184 | 1,234 | 1,283 | 1,346 | ||||||||||||||
| Gross profit – % of sales | 34.3 | 34.0 | 34.2 | 34.2 | 34.1 | ||||||||||||||
| Total operating expenses – % of sales | 20.0 | 19.5 | 20.0 | 20.9 | 21.5 | ||||||||||||||
| Net earnings – % of sales | 10.3 | 8.6 | 8.4 | 7.9 | 7.6 | ||||||||||||||
| BALANCE SHEET DATA AND FINANCIAL RATIOS | |||||||||||||||||||
| Total assets | $ | 44,003 | $ | 44,529 | $ | 42,966 | $ | 41,973 | $ | 39,449 | |||||||||
| Working capital ($) | 1,813 | 2,739 | 3,591 | 3,960 | 3,589 | ||||||||||||||
| Merchandise inventories ($) | 13,925 | 12,748 | 12,549 | 11,809 | 11,079 | ||||||||||||||
| Net property and equipment ($) (1) | 22,375 | 22,075 | 21,914 | 22,191 | 22,720 | ||||||||||||||
| Long-term debt, excluding current installments ($) | 26,807 | 24,267 | 22,349 | 20,789 | 16,786 | ||||||||||||||
| Stockholders’ (deficit) equity ($) | (1,878 | ) | 1,454 | 4,333 | 6,316 | 9,322 | |||||||||||||
| Total debt-to-equity (%) | (1,550.0 | ) | 1,858.9 | 544.7 | 335.9 | 183.6 | |||||||||||||
| Inventory turnover | 5.1x | 5.1x | 4.9x | 4.9x | 4.7x | ||||||||||||||
| STATEMENT OF CASH FLOWS DATA | |||||||||||||||||||
| Depreciation and amortization | $ | 2,152 | $ | 2,062 | $ | 1,973 | $ | 1,863 | $ | 1,786 | |||||||||
| Capital expenditures ($) | 2,442 | 1,897 | 1,621 | 1,503 | 1,442 | ||||||||||||||
| OTHER KEY METRICS | |||||||||||||||||||
| Return on invested capital (%) | 44.8 | 34.2 | 31.4 | 28.1 | 25.0 | ||||||||||||||
| Cash dividends per share ($) | 4.12 | 3.56 | 2.76 | 2.36 | 1.88 | ||||||||||||||
| Number of stores | 2,287 | 2,284 | 2,278 | 2,274 | 2,269 | ||||||||||||||
| Square footage at fiscal year-end | 238 | 237 | 237 | 237 | 236 | ||||||||||||||
| Comparable sales increase (%) (2) | 5.2 | 6.8 | 5.6 | 5.6 | 5.3 | ||||||||||||||
| Sales per square foot ($) (3) | 446.86 | 417.02 | 390.78 | 370.55 | 352.22 | ||||||||||||||
| Customer transactions (3) | 1,621 | 1,579 | 1,544 | 1,501 | 1,442 | ||||||||||||||
| Average ticket ($) (3) | 65.74 | 63.06 | 60.35 | 58.77 | 57.87 | ||||||||||||||
| Number of associates at fiscal year-end (in thousands) | 413 | 413 | 406 | 385 | 371 |
—————
Note: Fiscal 2018 includes 53 weeks. All other fiscal periods disclosed include 52 weeks. This information should be read in conjunction with MD&A and our consolidated financial statements and related notes.
| (1) | Includes capital leases. |
| (2) | The calculations for fiscal 2017, fiscal 2016, fiscal 2015, and fiscal 2014 do not include results for Interline, which was acquired in fiscal 2015. |
| (3) | These amounts do not include the results for Interline, which was acquired in fiscal 2015. |
F-1
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