Question
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
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.
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