Complete the questions.
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS January 28, 2018 January 29, 2017 $ $ in millions, except per share data Assets Current assets: Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Net property and equipment Goodwill Other assets Total assets 3,595 1,952 12.748 638 18,933 22,075 2.275 1.246 44,529 2.538 2.029 12.549 608 17.724 21,914 2,093 1.235 42,966 $ Liabilities and Stockholders' Equity Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Income taxes payable Current installments of long-term debt Other accrued expenses Total current liabilities Long-term debt, excluding current installments Deferred income taxes Other long-term liabilities Total liabilities Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,780 shares at January 28, 2018 and 1.776 shares at January 29, 2017 Paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 622 shares at January 28, 2018 and 573 shares at January 29, 2017 Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes to consolidated financial statements. 1.559 7,244 1.640 520 1,805 54 1,202 2,170 16,194 24,267 440 2.174 43,075 710 7.000 1,484 508 1,669 25 542 2,195 14,133 22,349 296 1,855 38,633 89 10,192 39,935 (566) (48,196) 1.454 44,529 88 9,787 35,519 (867) (40,194) 4,333 42,966 $ Fiscal 2016 $ 94,595 62.282 32.313 Fiscal 2015 88,519 58,254 30,265 THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS in millions, except per share data Fiscal 2017 Net sales $ 100,904 Cost of sales 66,548 Gross profit 34, 356 Operating expenses: Selling, general and administrative 17,864 Depreciation and amortization 1,811 Total operating expenses 19,675 Operating income 14,681 Interest and other (income) expense: Interest and investment income (74) Interest expense 1,057 Interest and other, net 983 Earnings before provision for income taxes 13,698 Provision for income taxes 5,068 Net earnings 8,630 17.132 1,754 18.886 13,427 16,801 1,690 18,491 11,774 (36) 972 936 12,491 4,534 7,957 (166) 919 753 11,021 4,012 7,009 $ $ Basic weighted average common shares Basic earnings per share 1,178 7.33 1.229 6.47 1,277 5.49 $ $ Diluted weighted average common shares Diluted earnings per share See accompanying notes to consolidated financial statements. 1.184 7.29 1,234 6.45 1,283 5.46 $ $ THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY in millions, except per share data Fiscal 2017 Fiscal 2016 Fiscal 2015 88 $ 88 $ 88 1 89 88 88 9,787 132 9,347 76 97 267 9.787 8,885 73 145 244 9,347 273 10,192 35,519 8,630 30.973 7.957 26,995 7,009 Common Stock: Balance at beginning of year Shares issued under employee stock plans Balance at end of year Paid-in Capital: Balance at beginning of year Shares issued under employee stock plans Tax effect of stock-based compensation Stock-based compensation expense Balance at end of year Retained Earnings: Balance at beginning of year Net earnings Cash dividends ($3.56 per share in fiscal 2017, $2.76 per share in fiscal 2016, and $2.36 per share in fiscal 2015) Other Balance at end of year Accumulated Other Comprehensive Income (Loss): Balance at beginning of year Foreign currency translation adjustments Cash flow hedges, net of tax Other Balance at end of year Treasury Stock: Balance at beginning of year Repurchases of common stock Balance at end of year Total stockholders' equity See accompanying notes to consolidated financial statements. (3,031) (4.212) (2) 39,935 (3,404) (7) 35,519 30,973 (867) 311 (1) (9) (566) (898) (3) 34 (452) (412) (34) (867 (898) (40,194) (8,002) (48,196) 1.454 (33,194) (7,000) (40,194 4,333 (26,194) (7,000) (33,194) 6,316 THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal 2017 Fiscal 2016 Fiscal 2015 in millions 8,630 7,957 $ 7.009 1,863 2,062 273 1,973 267 244 (138) (769) (48) 139 (84) (10) 352 128 29 92 420 12.031 446 99 109 (117) 4 9.783 (181) (546) (5) 888 109 154 15 (33) 9.373 (1,897) (1,621) Cash Flows from Operating Activities: Net earnings Reconciliation of net earings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation expense Gain on sales of investments Changes in assets and liabilities, net of acquisition effects: Receivables, net Merchandise inventories Other current assets Accounts payable and accrued expenses Deferred revenue Income taxes payable Deferred income taxes Other Net cash provided by operating activities Cash Flows from Investing Activities: Capital expenditures, net of non-cash capital expenditures Proceeds from sales of investments Payments for businesses acquired, net Proceeds from sales of property and equipment Other investing activities Net cash used in investing activities Cash Flows from Financing Activities: Proceeds from short-term debt, net Proceeds from long-term debt, net of discounts Repayments of long-term debt Repurchases of common stock Proceeds from sales of common stock Cash dividends Other financing activities Net cash used in financing activities Change in cash and cash equivalents Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (1.503) 144 (1,666) 43 (374) 47 38 (2.228) (1.583) (2.982 850 2.991 (543) (8,000) 255 (4.212) (211) (8,870) 933 60 3,991 (39) (7,000) 228 (3.031) 360 4.959 (3,045) (6,880) 218 (3,404) (78) (7,870) 330 (8) 2.216 2.538 124 (5.787) 604 (111) 1.723 2216 2.538 3,595 $ $ Supplemental Disclosures: Cash paid for interest, net of interest capitalized Cash paid for income taxes Non-cash capital expenditures See accompanying notes to consolidated financial statements. 991 4.732 150 924 4,623 179 874 3,853 165 The first 10 questions relate to the 10k for Home Depot on date January 28, 2018 1. The effective tax rate for Home Depot is: a. 20% b. 25% c. 30% d. 37% 2. Home Depot operating cycle" (days to sell inventory plus days to collect AR) is: a. 45.66 days b. 76.57 days c. 88.67 days d. 112.44 days 3. Home Depot has issued the following number of shares in millions: a. 1,780 b. 10,000 c. 1.766 d. 89 4. Home Depot has how many shares in Treasury Stock (in millions): a. 48,196 b. 573 c. 622 5. How many preferred shares (in millions) are outstanding for Home Depot: a. 10,192 b. 8,002 c. d. 273 6. How many common shares are outstanding (in millions): a. 1.780 b. 622 c. 1,158 d. 1,454 7. Cash dividends declared for common shareholders (in millions): a. 4.212 b. 8,000 c. 2,538 d. 991 d. 0 8. Home Depot reported (in millions) operating cash flow of. 9. Home Depot reported (in millions) investing flow of. 10. Home Depot reported (in millions) financing cash flow of The following questions are general topics. 11. Select ALL statements that are TRUE. When a company purchases its own common stock: a. The EPS ratio decreases in value. b. The EPS ratio increases in value. c. The number of outstanding shares increases d. The number of outstanding shares decreases. e. The price/earnings ratio increases. f. The price/earnings ratio decreases. g. The return on stockholder equity ratio increases. h. The return on stockholder equity ratio decreases. i. Book value per share ratio increases. j. Book value per share ratio decreases. k. The number of issued shares increases. 1. The number of issued shares decreases. 12. Select ALL statements that are TRUE. When a company initiates a 2:1 stock split (2 shares exchanged for I share): a. The EPS ratio decreases in value. b. The EPS ratio increases in value. c. The number of outstanding shares increases. d. The number of issued shares decreases. e. The price/earnings ratio increases. f. The price/earnings ratio decreases. g. The return on stockholder equity ratio increases. h. The return on stockholder equity ratio decreases. i. Book value per share ratio increases. j. Book value per share ratio decreases. 13. Select ALL statements that are TRUE. When a company declares and completes a stock dividend: a. The EPS ratio decreases in value. b. The EPS ratio increases in value. c. The number of issued shares increases d. The number of issued shares decreases e. The price/earnings ratio increases f. The price/earnings ratio decreases g. The return on stockholder equity ratio increases h. The return on stockholder equity ratio decreases i. Book value per share ratio increases j. Book value per share ratio decreases
