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 25, 2020

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 25, 2020.



Signature		Title

/s/ CRAIG A. MENEAR		Chairman, Chief Executive Officer and President (Principal Executive Officer)
Craig A. Menear

/s/ RICHARD V. MCPHAIL		Executive Vice President and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)
Richard V. McPhail

/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/ 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

THE HOME DEPOT, INC.

SELECTED FINANCIAL DATA



	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal
amounts in millions, except per share data or where noted	2019		2018		2017		2016		2015
STATEMENT OF EARNINGS DATA
Net sales ($)	110,225		108,203		100,904		94,595		88,519
Net sales increase (%)	1.9		7.2		6.7		6.9		6.4
Earnings before provision for income taxes ($)	14,715		14,556		13,698		12,491		11,021
Net earnings ($)	11,242		11,121		8,630		7,957		7,009
Net earnings increase (%)	1.1		28.9		8.5		13.5		10.5
Diluted earnings per share ($)	10.25		9.73		7.29		6.45		5.46
Diluted earnings per share increase (%)	5.3		33.5		13.0		18.1		15.9
Diluted weighted average number of common shares	1,097		1,143		1,184		1,234		1,283
Gross profit – % of sales	34.1		34.3		34.0		34.2		34.2
Total operating expenses – % of sales	19.7		20.0		19.5		20.0		20.9
Net earnings – % of sales	10.2		10.3		8.6		8.4		7.9

BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets ($)	51,236		44,003		44,529		42,966		41,973
Working capital ($)	1,435		1,813		2,739		3,591		3,960
Merchandise inventories ($)	14,531		13,925		12,748		12,549		11,809
Net property and equipment ($) (1)	22,770		22,375		22,075		21,914		22,191
Long-term debt, excluding current installments ($)	28,670		26,807		24,267		22,349		20,789
Stockholders’ (deficit) equity ($)	(3,116	)	(1,878	)	1,454		4,333		6,316
Total debt-to-equity (%)	(1,010.4	)	(1,555.0	)	1,858.9		544.7		335.9
Inventory turnover	4.9	x	5.1	x	5.1	x	4.9	x	4.9	x

STATEMENT OF CASH FLOWS DATA
Depreciation and amortization ($)	2,296		2,152		2,062		1,973		1,863
Capital expenditures ($)	2,678		2,442		1,897		1,621		1,503

OTHER METRICS
Return on invested capital (%)	45.4		44.8		34.2		31.4		28.1
Cash dividends per share ($)	5.44		4.12		3.56		2.76		2.36
Number of stores	2,291		2,287		2,284		2,278		2,274
Retail square footage at fiscal year-end	238		238		237		237		237
Comparable sales increase (%) (2) (4)	3.5		5.2		6.8		5.6		5.6
Sales per retail square foot ($) (3)	454.82		446.86		417.02		390.78		370.55
Customer transactions (3)	1,616		1,621		1,579		1,544		1,501
Average ticket ($) (3)	67.30		65.74		63.06		60.35		58.77
Number of associates at fiscal year-end (in thousands)	415		413		413		406		385

—————

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 finance leases.


(2)	The calculations for fiscal 2017, fiscal 2016, and fiscal 2015 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.


(4)	Fiscal 2019 compares the 52 week period in fiscal 2019 to weeks 2 through 53 in fiscal 2018. Fiscal 2018 calculations do not include results from the 53rd week of fiscal 2018 and compare weeks 1 through 52 in fiscal 2018 to the 52 week period in fiscal 2017.

F-1

Previous: Item 15. Exhibits, Financial Statement Schedules.