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 and Chief Executive Officer

Date:	March 24, 2021

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 24, 2021.


Signature						Title

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

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

/s/ STEPHEN L. GIBBS						Vice President, Chief Accounting Officer and Corporate Controller (Principal Accounting Officer)
Stephen L. Gibbs

/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

Table of Contents

THE HOME DEPOT, INC.

SELECTED FINANCIAL DATA


	Fiscal	Fiscal	Fiscal	Fiscal	Fiscal
amounts in millions, except per share data or where noted	2020	2019	2018	2017	2016
STATEMENT OF EARNINGS DATA
Net sales ($)	132,110	110,225	108,203	100,904	94,595
Net sales increase (%)	19.9	1.9	7.2	6.7	6.9
Earnings before provision for income taxes ($)	16,978	14,715	14,556	13,698	12,491
Net earnings ($)	12,866	11,242	11,121	8,630	7,957
Net earnings increase (%)	14.4	1.1	28.9	8.5	13.5
Diluted earnings per share ($)	11.94	10.25	9.73	7.29	6.45
Diluted earnings per share increase (%)	16.5	5.3	33.5	13.0	18.1
Diluted weighted average number of common shares	1,078	1,097	1,143	1,184	1,234
Gross profit – % of sales	34.0	34.1	34.3	34.0	34.2
Total operating expenses – % of sales	20.1	19.7	20.0	19.5	20.0
Net earnings – % of sales	9.7	10.2	10.3	8.6	8.4

BALANCE SHEET DATA AND FINANCIAL RATIOS
Total assets ($)	70,581	51,236	44,003	44,529	42,966
Working capital ($)	5,311	1,435	1,813	2,739	3,591
Merchandise inventories ($)	16,627	14,531	13,925	12,748	12,549
Net property and equipment ($)	24,705	22,770	22,375	22,075	21,914
Long-term debt, excluding current installments ($)	35,822	28,670	26,807	24,267	22,349
Stockholders’ equity (deficit) ($)	3,299	(3,116)	(1,878)	1,454	4,333
Total debt-to-equity (%)	1,128.8	(1,010.4)	(1,555.0)	1,858.9	544.7
Inventory turnover	5.8	4.9	5.1	5.1	4.9

STATEMENT OF CASH FLOWS DATA
Depreciation and amortization ($)	2,519	2,296	2,152	2,062	1,973
Capital expenditures ($)	2,463	2,678	2,442	1,897	1,621

OTHER METRICS
Return on invested capital (%)	40.8	45.4	44.8	34.2	31.4
Cash dividends per share ($)	6.00	5.44	4.12	3.56	2.76
Number of stores	2,296	2,291	2,287	2,284	2,278
Retail square footage at fiscal year-end	239	238	238	237	237
Comparable sales increase (%) (1) (3)	19.7	3.5	5.2	6.8	5.6
Sales per retail square foot ($) (2)	543.74	454.82	446.86	417.02	390.78
Customer transactions (2)	1,756	1,616	1,621	1,579	1,544
Average ticket ($) (2)	74.32	67.30	65.74	63.06	60.35
Number of associates at fiscal year-end (in thousands)	505	415	413	413	406

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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)*Calculations do not include results of HD Supply, which was acquired in December 2020. Calculations for fiscal 2017 and fiscal 2016 do not include results for Interline, now operating as part of The Home Depot Pro.

*(2)*These amounts do not include the results for Interline, now operating as part of The Home Depot Pro, and HD Supply, which was acquired in December 2020.

(3)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.