Ana Leonor Miranda Signoret #224991
Aná lisis de Informació n Financiera
Company: HOME DEPOT INC (HD)
Form Type: 10-K
Filing Date: 3/24/2011
CIK: 0000354950
Address: 2455 PACES FERRY ROAD
City, State, Zip: ATLANTA, Georgia 30339-4024
Telephone: (770) -43-3-82
Fiscal Year: 01/28
ESTADO DE RESULTADOS:
The following reconciles the non-GAAP financial measures to the corresponding GAAP measures for
fiscal 2010, 2009 and 2008 (amounts in millions, except per share data):
Fiscal Year Ended January 30, 2011
Non-
As GAAP % of
Reported Adjustment Measures Net Sales
Net Sales $ 67,997 $ — $ 67,997 100.0%
Cost of Sales
44,693
—
44,693
65.7
Gross Profit 23,304 — 23,304 34.3
Operating Expenses:
Selling, General and Administrative 15,849 — 15,849 23.3
Depreciation and Amortization
1,616
—
1,616
2.4
Total Operating Expenses
17,465
—
17,465
25.7
Operating Income 5,839 — 5,839 8.6
Interest and Other, net
566
51
515
0.8
Earnings From Continuing Operations
Before Provision
for Income Taxes 5,273 (51) 5,324 7.8
Provision for Income Taxes
1,935
(18)
1,953
2.9
Earnings from Continuing Operations $ 3,338 $ (33) $ 3,371 5.0%
Diluted Earnings per Share from
Continuing Operations $ 2.01 $ (0.02) $ 2.03 N/A
Fiscal Year Ended January 31, 2010
Non-
As GAAP % of
Reported Adjustments Measures Net Sales
Net Sales $ 66,176 $ 221 $ 65,955 100.0%
Cost of Sales
43,764
193
43,571
66.1
Gross Profit 22,412 28 22,384 33.9
Operating Expenses:
Selling, General and Administrative 15,902 170 15,732 23.9
Depreciation and Amortization
1,707
4
1,703
2.6
Total Operating Expenses
17,609
174
17,435
26.4
Operating Income 4,803 (146) 4,949 7.5
Interest and Other, net
821
163
658
1.0
Earnings From Continuing Operations
Before Provision
for Income Taxes 3,982 (309) 4,291 6.5
Provision for Income Taxes
1,362
(118)
1,480
2.2
Earnings from Continuing Operations $ 2,620 $ (191) $ 2,811 4.3%
Diluted Earnings per Share from
Continuing Operations $ 1.55 $ (0.11) $ 1.66 N/A
Non-GAAP Measures (continued):
Fiscal Year Ended February 1, 2009
Non-
As GAAP % of
Reported Adjustments Measures Net Sales
Net Sales $ 71,288 $ — $ 71,288 100.0%
Cost of Sales
47,298
30
47,268
66.3
Gross Profit 23,990 (30) 24,020 33.7
Operating Expenses:
Selling, General and Administrative 17,846 918 16,928 23.7
Depreciation and Amortization
1,785
3
1,782
2.5
Total Operating Expenses
19,631
921
18,710
26.2
Operating Income 4,359 (951) 5,310 7.4
Interest and Other, net
769
163
606
0.9
Earnings From Continuing Operations
Before Provision
for Income Taxes 3,590 (1,114) 4,704 6.6
Provision for Income Taxes
1,278
(430)
1,708
2.4
Earnings from Continuing Operations $ 2,312 $ (684) $ 2,996 4.2%
Diluted Earnings per Share from
Continuing Operations $ 1.37 $ (0.41) $ 1.78 N/A
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
Amounts in millions, except share and per share data
ASSETS January 30, 2011 January 31, 2010
Current Assets
Cash and Cash Equivalents $ 545 $ 1,421
Receivables, net 1,085 964
Merchandise Inventories 10,625 10,188
Other Current Assets 1,224 1,327
Total Current Assets 13,479 13,900
Property and Equipment at cost
Land 8,497 8,451
Buildings 17,606 17,391
Furniture, Fixtures and 9,687 9,091
Equipment
Leasehold Improvements 1,373 1,383
Construction in Progress 654 525
Capital Leases 568 504
38,385 37,345
Less Accumulated 13,325 11,795
Depreciation and Amortization
Net Property and 25,060 25,550
Equipment
Notes Receivable 139 33
Goodwill 1,187 1,171
Other Assets 260 223
Total Assets $ 40,125 $ 40,877
LIABILITIES AND
STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable $ 4,717 $ 4,863
Accrued Salaries and Related 1,290 1,263
Expenses
Sales Taxes Payable 368 362
Deferred Revenue 1,177 1,158
Income Taxes Payable 13 108
Current Installments of 1,042 1,020
Long-Term Debt
Other Accrued Expenses 1,515 1,589
Total Current 10,122 10,363
Liabilities
Long-Term Debt, excluding 8,707 8,662
current installments
Other Long-Term Liabilities 2,135 2,140
Deferred Income Taxes 272 319
Total Liabilities 21,236 21,484
STOCKHOLDERS’ EQUITY
Common Stock, par value 86 86
$0.05; authorized: 10 billion
shares; issued: 1.722 billion
shares at January 30, 2011 and
1.716 billion shares at
January 31, 2010; outstanding:
1.623 billion shares at
January 30, 2011 and
1.698 billion shares at
January 31, 2010
Paid-In Capital 6,556 6,304
Retained Earnings 14,995 13,226
Accumulated other 445 362
Comprehensive income
Treasury Stock, at cost, 99 (3,193) (585)
million shares at January 30,
2011 and 18 million shares at
January 31, 2010
Total Stockholders’ Equity 18,889 19,393
Total Liabilities and $ 40,125 $ 40,877
Stockholders’ Equity
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