Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS January 31, February 2, in millions, except per share data 2021 2020 Assets Current assets: Cash and cash

image text in transcribedimage text in transcribedimage text in transcribed
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS January 31, February 2, in millions, except per share data 2021 2020 Assets Current assets: Cash and cash equivalents $ 7,895 $ 2,133 Receivables, net 2,992 2, 106 Merchandise inventories 16,627 14,531 Other current assets 963 1,040 Total current assets 28,477 19,810 Net property and equipment 24,705 22,770 Operating lease right-of-use assets 5,962 5,595 Goodwill 7,126 2,254 Other assets 4,311 307 Total assets $ 70,581 $ 51,236Liabilities and Stockholders' Equity Current liabilities: Short-term debt $ 974 Accounts payable 11,606 7,787 Accrued salaries and related expenses 2,463 1,494 Sales taxes payable 774 505 Deferred revenue 2,823 2, 116 Income taxes payable 193 55 Current installments of long-term debt 1,416 1,839 Current operating lease liabilities 828 328 Other accrued expenses 3,063 2,677 Total current liabilities 23,166 18,375 Long-term debt, excluding current installments 35,822 28,670 Long-term operating lease liabilities 5,356 5,066 Deferred income taxes 1,131 706 Other long-term liabilities 1,807 1,535 Total liabilities 67,282 54,352Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,789 shares at January 31, 2021 and 1,786 shares at February 2, 2020; outstanding: 1.077 shares at January 31, 2021 and February 2, 2020 89 89 Paid-in capital 11,540 11,001 Retained earnings 58,134 51,729 Accumulated other comprehensive loss 671 739 Treasury stock, at cost, 712 shares at January 31, 2021 and 709 shares at February 2, 2020 (65,793) 65,196 Total stockholders' equity (deficit) 3,299 (3, 116 Total liabilities and stockholders' equity $ 70,581 $ 51,236 see notes to consolidated financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Students also viewed these Accounting questions