millions, except per share data February 3, 2019 January 28, 2018 January 29, 2017 ...
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Accounting
millions, except per share data
February 3, 2019
January 28, 2018
January 29, 2017
Assets
Current Assets:
Cash and Cash Equivalents
$
1,778
$
3,595
$
2,538
Receivables, net
1,936
1,952
2,029
Merchandise Inventories
13,925
12,748
12,549
Other Current Assets
890
638
608
Total Current Assets
18,529
18,933
17,724
Net Property and Equipment
22,375
22,075
21,914
Goodwill
2,252
2,275
2,093
Other Assets
847
1,246
1,235
Total Assets
$
44,003
$
44,529
42,966
Liabilities and stockholders equity
Current Liabilities:
Short-Term Debt
$
1,339
$
1,559
$
710
Accounts Payable
7,755
7,244
7,000
Accrued Salaries and Related Expenses
1,506
1,640
1,484
Sales Taxes Payable
656
520
508
Deferred Revenue
1,782
1,805
1,669
Income Taxes Payable
11
54
25
Current Installments of Long-Term Debt
1,056
1,202
542
Other Accrued Expenses
2,611
2,170
2,195
Total Current Liabilities
16,716
16,194
14,133
Long-Term Debt, excluding current installments
26,807
24,267
22,349
Deferred Income Taxes
491
440
296
Other Long-Term Liabilities
1,867
2,174
1,855
Total Liabilities
45,881
43,075
38,633
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,782 at February 3, 2019, 1,780 shares at January 28, 2018; and 1,776 shares at January 29, 2017;outstanding: 1,105 shares at February 3, 2019, 1,158 shares at January 28, 2018 and 1,203 shares at January 29, 2019
89
89
88
Paid-In Capital
10,578
10,192
9,787
Retained Earnings
46,423
39,935
35,519
Accumulated Other Comprehensive Loss
(772
)
(566
)
(867
)
Treasury stock, at cost, 677 shares at February 3, 2019, 622 shares at January 28, 2018 and 573 shares at January 29, 2017
(58,196
)
(48,196
)
(40,194
)
Total stockholders (deficit) equity
(1,878
)
1,454
4,333
Total Liabilities and Stockholders Equity
$
44,003
$
44,529
$
42,966
THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS
in millions, except per share data
Fiscal 2018
Fiscal 2017
Fiscal 2016
Net sales
$
108,203
$
100,904
$
94,595
Cost of Sales
71,043
66,548
62,282
Gross profit
37,160
34,356
32,313
Operating Expenses:
Selling, General and Administrative
19,513
17,864
17,132
Depreciation and Amortization
1,870
1,811
1,754
Impairment loss
247
Total Operating Expenses
21,630
19,675
18,886
Operating income
15,530
14,681
13,427
Interest and other (income) expense:
Interest and investment income
(93
)
(74
)
(36
)
Interest expense
1,051
1,057
972
Other
16
Interest and other, net
974
983
936
Earnings before provision for income taxes
14,556
13,698
12,491
Provision for Income Taxes
3,435
5,068
4,534
Net earnings
$
11,121
$
8,630
$
7,957
Basic weighted average common shares
1,137
1,178
1,229
Basic earnings per share
$
9.78
$
7.33
$
6.47
Diluted weighted average common shares
1,143
1,184
1,234
Diluted earnings per share
$
9.73
$
7.29
$
6.45
Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks.
a-1. Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-2. Compute the percentage change in net earnings for the fiscal years ending February 3, 2019, and January 28, 2018.
a-3. Compute the gross profit rate for the fiscal years ending February 3, 2019, and January 28, 2018.
a-4. Compute the net income as a percentage of sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-5. Compute the return on average total assets for the fiscal years ending February 3, 2019, and January 28, 2018.
Answer & Explanation
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