find NCS ( net capital spending)

1 2 Three Months Ended April 23 April 30, 2018 2017 24,947 $ 23,887 16,330 15.733 8.617 8,154 8 4,361 in millions, except per share data Net sales Cost of sales Gross profit Operating expenses Selling general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense: Interest and investment income Interest expense Interest and other, net Eamings before provision for income taxes Provision for income taxes Net earings 4,779 457 5.236 3.381 4,805 3,349 9 10 11 12 13 (22) 281 239 3.142 738 2,404 5 (13) 254 241 3,10B 1,094 2,014 15 16 17 18 19 20 21 22 Basic weighted average common shares Basic earrings per share 1,152 200 $ 1,198 1.68 23 Diluted weighted average common shares Diluted earnings per share I 1.158 2.08 $ 1.204 1.67 24 25 26 27 28 29 30 32 Dividends declared per share See accompanying notes to consolidated financial statements 1.03 $ 0.80 THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) April 29, 2018 January 28, 2018 In millions, except per share data Assets Current assets Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of S19,668 at April 29, 2018 and $19,339 at January 28, 2018 Goodwill Other assets Total assets 3,599 $ 2.296 14.432 887 21,214 3,595 1,952 12,748 638 18,933 21.928 2.281 1.227 46.850 22,075 2,275 1.246 44,529 $ Liabilities and Stockholders' Equity Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Current instaliments of long-term debt Other accrued expenses Total current liabilities Long-term debt, excluding current installments Other long-term liabilities Total liabilities I Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,781 shares at April 29, 2018 and 1,780 shares at January 28, 2018, outstanding: 1,154 shares at April 29, 2018 and 1.158 shares at January 28, 2018 Paid in capital Retained earnings Accumulated other comprehensive los Treasury stock, etcost, 627 shares at Apel 29, 2018 and 622 shares at January 28, 2018 Total stockholders equity Total abilities and stockholders equity See accompanying notes to consolidated financial statements 350 $ 9.726 1.413 730 1,911 1,199 2,804 18.133 24,244 2.586 44,963 1,559 7,244 1.640 520 1,805 1.202 2.224 16,194 24,267 2,614 43,075 1 1 14 18 26 17 18 19 20 21 22 23 24 25 26 29 30 31 32 89 10.017 41.221 (596) (49.044) 1.687 46.650 89 10.192 39,035 (566) (48,190) 1.454 44.529 34 35 36 37 38 39 un CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended April 28, April 30, 2018 2017 2,404 $ 2,014 532 84 505 81 Cash Flown from Operating Activities: Net earnings Reconciliation of net earings to net cash provided by operating activities: Depreciation and amortization Stock-based compensation expense Changes in assets and liabilities, net of acquisition effects Receivables, net Merchandise inventories Other current assets Accounts payable and other accrued expenses Income taxes payable Deferred revenue Deferred income taxes Other Net cash provided by operating activities (319) (1.687) (250) 2,532 547 208 (9) (61) 3,981 (145) (1.051) 51 2,062 877 166 (65) 69 4,564 1 Cash Flows from Investing Activities: Capital expenditures Proceeds from sales of property and equipment Net cash used in investing activities (556) 8 (548) (458) 13 (445) Cash Flows from Financing Activities: Repayments of short-term debt, net Repayments of long-term debt Repurchases of common stock Proceeds from sales of common stock Canh dividendo 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 period Cash and cash equivalents at end of period (1.209) (10) (1.121) 14 (1.189) 115 (3,400) 33 (29) 3,595 3.599 $ (710) (11) (1.280) 31 (1,069) (33) (3.081) 1,038 (11) 2,538 3,565 18 10 12 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 $ Supplemental Disclosures: Cath paid for interest, net of interest capitalized Cash paid for income taxes See accompanying notes to consolidated financial statements 339s 119 321 136