The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.
THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS |
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Fiscal Year Ended(1) | |||||||||||
amounts in millions, except per share data | January 31, 2016 |
February 1, 2015 |
February 2, 2014 |
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NET SALES | $ | 88,519 | $ | 83,176 | $ | 78,812 | |||||
Cost of Sales | 58,254 | 54,787 | 51,897 | ||||||||
GROSS PROFIT | 30,265 | 28,389 | 26,915 | ||||||||
Operating Expenses: | |||||||||||
Selling, General and Administrative | 16,801 | 16,280 | 16,122 | ||||||||
Depreciation and Amortization | 1,690 | 1,640 | 1,627 | ||||||||
Total Operating Expenses | 18,491 | 17,920 | 17,749 | ||||||||
OPERATING INCOME | 11,774 | 10,469 | 9,166 | ||||||||
Interest and Other (Income) Expense: | |||||||||||
Interest and Investment Income | (166 | ) | (337 | ) | (12 | ) | |||||
Interest Expense | 919 | 830 | 711 | ||||||||
Interest and Other, net | 753 | 493 | 699 | ||||||||
EARNINGS BEFORE PROVISION FOR INCOME TAXES | 11,021 | 9,976 | 8,467 | ||||||||
Provision for Income Taxes | 4,012 | 3,631 | 3,082 | ||||||||
NET EARNINGS | $ | 7,009 | $ | 6,345 | $ | 5,385 | |||||
Weighted Average Common Shares | 1,277 | 1,338 | 1,425 | ||||||||
BASIC EARNINGS PER SHARE | $ | 5.49 | $ | 4.74 | $ | 3.78 | |||||
Diluted Weighted Average Common Shares | 1,283 | 1,346 | 1,434 | ||||||||
DILUTED EARNINGS PER SHARE | $ | 5.46 | $ | 4.71 | $ | 3.76 | |||||
(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.
THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS |
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amounts in millions, except share and per share data | January 31, 2016 |
February 1, 2015 |
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ASSETS | |||||||
Current Assets: | |||||||
Cash and Cash Equivalents | $ | 2,216 | $ | 1,723 | |||
Receivables, net | 1,890 | 1,484 | |||||
Merchandise Inventories | 11,809 | 11,079 | |||||
Other Current Assets | 1,078 | 1,016 | |||||
Total Current Assets | 16,993 | 15,302 | |||||
Property and Equipment, at cost | 39,266 | 38,513 | |||||
Less Accumulated Depreciation and Amortization | 17,075 | 15,793 | |||||
Net Property and Equipment | 22,191 | 22,720 | |||||
Goodwill | 2,102 | 1,353 | |||||
Other Assets | 1,263 | 571 | |||||
Total Assets | $ | 42,549 | $ | 39,946 | |||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
Current Liabilities: | |||||||
Short-Term Debt | $ | 350 | $ | 290 | |||
Accounts Payable | 6,565 | 5,807 | |||||
Accrued Salaries and Related Expenses | 1,515 | 1,391 | |||||
Sales Taxes Payable | 476 | 434 | |||||
Deferred Revenue | 1,566 | 1,468 | |||||
Income Taxes Payable | 34 | 35 | |||||
Current Installments of Long-Term Debt | 77 | 38 | |||||
Other Accrued Expenses | 1,943 | 1,806 | |||||
Total Current Liabilities | 12,526 | 11,269 | |||||
Long-Term Debt, excluding current installments | 20,888 | 16,869 | |||||
Other Long-Term Liabilities | 1,965 | 1,844 | |||||
Deferred Income Taxes | 854 | 642 | |||||
Total Liabilities | 36,233 | 30,624 | |||||
STOCKHOLDERS’ EQUITY | |||||||
Common Stock, par value $0.05; authorized: 10 billion shares;
issued: 1.772 billion shares at January 31, 2016 and 1.768 billion shares at February 1, 2015; outstanding: 1.252 billion shares at January 31, 2016 and 1.307 billion shares at February 1, 2015 |
88 | 88 | |||||
Paid-In Capital | 9,347 | 8,885 | |||||
Retained Earnings | 30,973 | 26,995 | |||||
Accumulated Other Comprehensive Loss | (898 | ) | (452 | ) | |||
Treasury Stock, at cost, 520 million shares at January 31, 2016
and 461 million shares at February 1, 2015 |
(33,194 | ) | (26,194 | ) | |||
Total Stockholders’ Equity | 6,316 | 9,322 | |||||
Total Liabilities and Stockholders’ Equity | $ | 42,549 | $ | 39,946 | |||
Selected information as on February 2, 2014:
Working capital | $ | 4,530 | ||
Cash balance | $ | 1,929 | ||
Total assets | $ | 40,518 | ||
Stockholders' equity | $ | 12,522 | ||
Assume that you are the credit manager of a medium-size supplier of building materials and related products. Home Depot wants to make credit purchases from your company, with payment due in 60 days.
Instructions:
a-1. Compute the current ratio for the fiscal years ending January 31, 2016, and February 1, 2015.
a-2. Compute the quick ratio for the fiscal years ending January 31, 2016, and February 1, 2015.
a-3. Compute the amount of working capital for the fiscal years ending January 31, 2016, and February 1, 2015.
a-4. Compute the percentage change in working capital from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.
a-5. Compute the percentage change in cash and cash equivalents from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.
The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc...
The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31, 2016 February 1, 2015 February 2, 2014 NET SALES $ 88,519 $ 83,176 $ 78,812 Cost of Sales 58,254 54,787 51,897 GROSS PROFIT 30,265 28,389 26,915 Operating Expenses: Selling, General and Administrative 16,801 16,280 16,122 Depreciation and Amortization 1,690 1,640...
The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31, 2016 February 1, 2015 February 2, 2014 NET SALES $ 88,519 $ 83,176 $ 78,812 Cost of Sales 58,254 54,787 51,897 GROSS PROFIT 30,265 28,389 26,915 Operating Expenses: Selling, General and Administrative 16,801 16,280 16,122 Depreciation and Amortization 1,690 1,640...
Required information The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31, 2016 February 1, 2015 February 2, 2014 NET SALES $ 88,519 $ 83,176 $ 78,812 Cost of Sales 58,254 54,787 51,897 GROSS PROFIT 30,265 28,389 26,915 Operating Expenses: Selling, General and Administrative 16,801 16,280 16,122 Depreciation and Amortization...
THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31, 2016 February 1, 2015 February 2, 2014 NET SALES $ 88,519 $ 83,176 $ 78,812 Cost of Sales 58,254 54,787 51,897 GROSS PROFIT 30,265 28,389 26,915 Operating Expenses: Selling, General and Administrative 16,801 16,280 16,122 Depreciation and Amortization 1,690 1,640 1,627 Total Operating Expenses 18,491 17,920 17,749 OPERATING INCOME 11,774 10,469 9,166 Interest and Other (Income) Expense: Interest...
Required information The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31,2016 February 1, 2015 February 2, 2014 NET SALES $ 66,181 $ 71,294 $ 77,359 Cost of Sales 43,756 47,283 51,349 GROSS PROFIT 22,425 24,011 26,010 Operating Expenses: Selling, General and Administrative 15,897 17,832 17,052 Depreciation and Amortization 1,702...
Required information The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data January 31,2016 February 1, 2015 February 2, 2014 NET SALES $ 66,181 $ 71,294 $ 77,359 Cost of Sales 43,756 47,283 51,349 GROSS PROFIT 22,425 24,011 26,010 Operating Expenses: Selling, General and Administrative 15,897 17,832 17,052 Depreciation and Amortization 1,702...
included in Appetit LO13-1, LO13-2, LO13-4 EXERCISE 13.15 Home Depot, Inc. Using a Statement of Cash Flows Statements of cash flow for Home Depot, Inc., for 2013, 2014, and 2013 are include of this text. a. Focus on the information for 2015 (year ending January 31, 2010). How does compare with net cash provided by or used in operations, and what accounts for the difference between the two amounts? does not eating unts for the per the major uses of...
Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period “Fiscal 2016” even though it ends in the 2017 calendar year. The label “Fiscal 2016” is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to...
The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook. a. Identify where you can tell that the company uses straight-line depreciation. b. Which of the following statement is false? c. Using information from the consolidated financial statements, calculate the following for the year ended February 1, 2015: a) Net Income, b) Gross profit as a % of sales, c) Current ratio at February 1. 2015, d) Current ratio at the end of the...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...