On Feb. 21, Home Depot (NYSE:HD) released FY 2005 earnings for the period ending Jan. 29, 2006.
- Revenues increased 11.5% for the full year.
- Net earnings climbed 16.7%, and earnings per share rose 20.4%.
- Margins were up across the board.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2005 |
FY 2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
$80,750 |
$81,511 |
$73,094 |
+11.5% |
|
Net Profit |
-- |
$5,838 |
$5,001 |
+16.7% |
|
EPS |
$2.67 |
$2.72 |
$2.26 |
+20.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2005 |
FY 2004 |
Change | |
|---|---|---|---|
|
Gross Margin |
33.52% |
33.42% |
+0.09% |
|
Op. Margin |
11.49% |
10.84% |
+0.64% |
|
Net Margin |
7.16% |
6.84% |
+0.32% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$807 |
$2,165 |
-62.7% |
|
Inventory |
$11,401 |
$10,076 |
+13.2% |
|
Accounts Rec. |
$2,396 |
$1,499 |
+59.8% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$2,672 |
$2,148 |
+24.4% |
|
Accounts Pay. |
$6,032 |
$5,766 |
+4.6% |
Cash Flow Highlights
Data not provided.
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Related Companies:
- Lowe's (NYSE:LOW)
- Wolseley (NYSE:WOS)
- Sherwin-Williams (NYSE:SHW)
Related Foolishness:
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At the time of publication, Seth Jayson had shares of Home Depot but no positions in any other company mentioned. Fool rules are here.
