Home Depot Financial Statements: Income Staements

Fiscal Year 2006 2005 2004 2003 2002

Net Revenues 90837 81511 73094 64816 58247
Cost of Sales 61054 54191 48664 44236 40139
Gross Margin 29783 27320 24430 20580 18108
Selling, General & Adminstrative 18348 16485 15256 12713 11375
Depreciation & Amortization 1762 1472 1248 1021 903
Operating Income 9673 9363 7926 6846 5830
Interest and Investment Income 27 62 56 59 79
Interest expense 392 143 70 62 37
Earning Before Taxes 9308 9282 7912 6843 5872
Income Taxes 3547 3444 2911 2539 2208
Net Income 5761 5838 5001 4304 3664

Diluted Earnings Per Share 2.79 2.72 2.26 1.88 1.56

Home Depot Financial Statements: Balance Sheet

Fiscal Year 2006 2005 2004 2003 2002

Assets
Cash and Marketable Securities 614 807 2165 2852 2253
Receivables 3223 2396 1499 1097 1072
Inventories 12822 11401 10076 9076 8338
Other Current Assets 1341 665 533 303 254
Property, plant and equip.,net 26605 24901 22726 20063 17168
Goodwill 6314 3684 1412 833 575
Other Assets 1344 551 609 213 351
Total Assets 52263 44405 39020 34437 30011

Liabilities and Equity

Accounts Payable 7356 6032 5766 5159 4560
Accrued Expenses 1295 3311 2971 2430 2243
Deffered revenue 1634 1757 1546 1281 998
Other Current Liabilities 2646 1801 172 684 234
Non Current long-term debt 11643 2672 2148 856 1321
Other long-term liabilities 2969 2194 2378 1634 708
Common Stock 8051 7407 6769 6303 5976
Retained Earnings 33052 28943 23962 19680 15971
Treasury Stock -16383 -9712 -6692 -3590 -2000
Total Liabilties and Equity 52263 44405 39020 34437 30011

Working Capital
 Home Depot Financial Statements: Income Statements

Fiscal Year 2006 2005 2004 2003

Net Revenues 90837 81511 73094 64816
Cost of Sales 61054 54191 48664 44236
Gross Margin 29783 27320 24430 20580
Selling, General & Adminstrative 18348 16485 15256 12713
Depreciation & Amortization 1762 1472 1248 1021
Operating Income 9673 9363 7926 6846
Interest and Investment Income 27 62 56 59
Interest expense 392 143 70 62
Earning Before Taxes 9308 9282 7912 6843
Income Taxes 3547 3444 2911 2539
Net Income 5761 5838 5001 4304
77
0.013189 9326
1.318945 0.102667415
Comparative 10.26674153

Fiscal Year 2006 2005 Difference Percentage

Net Revenues 90837 81511 9326 11.44%
Cost of Sales 61054 54191 6863 12.66%
Gross Margin 29783 27320 2463 9.02%
Selling, General & Adminstrative 18348 16485 1863 11.30%
Depreciation & Amortization 1762 1472 290 19.70%
Operating Income 9673 9363 310 3.31%
Interest and Investment Income 27 62 -35 -56.45%
Interest expense 392 143 249 174.13%
Earning Before Taxes 9308 9282 26 0.28%
Income Taxes 3547 3444 103 2.99%
Net Income 5761 5838 -77 -1.32%
 Common Size
2002 Fiscal Year 2006 2005 2004 2003
58247 Net Revenues 1.00 1.00 1.00 1.00
40139 Cost of Sales 0.67 0.66 0.67 0.68
18108 Gross Margin 0.33 0.34 0.33 0.32
11375 Selling, General & Adminstrative 0.20 0.20 0.21 0.20
903 Depreciation & Amortization 0.02 0.02 0.02 0.02
5830 Operating Income 0.11 0.11 0.11 0.11
79 Interest and Investment Income 0.000 0.001 0.001 0.001
37 Interest expense 0.004 0.002 0.001 0.001
5872 Earning Before Taxes 0.10 0.11 0.11 0.11
2208 Income Taxes 0.04 0.04 0.04 0.04
3664 Net Income 0.06 0.07 0.07 0.07
Profitability: Net income in the year 2006 has reduced by 1.32% from the previous year as our interest
Performance : Performance of the company has improved in comparision to the previos years as in our
Effeciency: Cost of sales has increased substaintially which is itself a major expense so we can say that t
Trend

Fiscal Year 2006 2005 2004 2003

Net Revenues 1.56 1.40 1.25 1.11
Cost of Sales 1.52 1.35 1.21 1.10
Gross Margin 1.64 1.51 1.35 1.14
Selling, General & Adminstrative 1.61 1.45 1.34 1.12
Depreciation & Amortization 1.95 1.63 1.38 1.13
Operating Income 1.66 1.61 1.36 1.17
Interest and Investment Income 0.34 0.78 0.71 0.75
Interest expense 10.59 3.86 1.89 1.68
Earning Before Taxes 1.59 1.58 1.35 1.17
Income Taxes 1.61 1.56 1.32 1.15
Net Income 1.57 1.59 1.36 1.17
 2002
1.00 CAGR 9.29%
0.69
0.31
0.20
0.02
0.10
0.001
0.001
0.10
0.04
0.06
he previous year as our interest expense is increasing by 0.002 to 0.004 and cost of sales is increasing by 0.66 to 0.67
n to the previos years as in our current year our revenue is increasing by 10.27% as compared to the last year and the percentage of
or expense so we can say that the effeciency has decreased and the company inccurs high cost to produce goods which is not good.

2002
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
year and the percentage of
e goods which is not good.
 Home Depot Financial Statements: Balance Sheet

Fiscal Year 2006 2005 2004 2003 2002

Assets
Cash and Marketable Securities 614 807 2165 2852 2253
Recievables 3223 2396 1499 1097 1072
Inventories 12822 11401 10076 9076 8338
Other Current Assets 1341 665 533 303 254
Property, plant and equip.,net 26605 24901 22726 20063 17168
Goodwill 6314 3684 1412 833 575
Other Assets 1344 551 609 213 351
Total Assets 52263 44405 39020 34437 30011

Liabilities and Equity

Accounts Payable 7356 6032 5766 5159 4560
Accrued Expenses 1295 3311 2971 2430 2243
Deffered revenue 1634 1757 1546 1281 998
Other Current Liabilities 2646 1801 172 684 234
Non Current long-term debt 11643 2672 2148 856 1321
Other long-term liabilities 2969 2194 2378 1634 708
Common Stock 8051 7407 6769 6303 5976
Retained Earnings 33052 28943 23962 19680 15971
Treasury Stock -16383 -9712 -6692 -3590 -2000
Total Liabilties and Equity 52263 44405 39020 34437 30011

Comparative
Fiscal Year 2006 2005 Difference Percentage
Assets
Cash and Marketable Securities 614 807 -193 -24%
Recievables 3223 2396 827 35%
Inventories 12822 11401 1421 12%
Other Current Assets 1341 665 676 102%
Property, plant and equip.,net 26605 24901 1704 7%
Goodwill 6314 3684 2630 71%
Other Assets 1344 551 793 144%
Total Assets 52263 44405 7858 18%

Liabilities and Equity

Accounts Payable 7356 6032 1324 22%
Accrued Expenses 1295 3311 -2016 -61%
Deffered revenue 1634 1757 -123 -7%
Other Current Liabilities 2646 1801 845 47%
Non Current long-term debt 11643 2672 8971 336%
Other long-term liabilities 2969 2194 775 35%
Common Stock 8051 7407 644 9%
Retained Earnings 33052 28943 4109 14%
Treasury Stock -16383 -9712 -6671 69%
Total Liabilties and Equity 52263 44405 7858 18%
 Common Size
Fiscal Year 2006 2005 2004
Assets
Cash and Marketable Securities 0.01 0.02 0.06
Recievables 0.06 0.05 0.04
Inventories 0.25 0.26 0.26
Other Current Assets 0.03 0.01 0.01
Property, plant and equip.,net 0.51 0.56 0.58
Goodwill 0.12 0.08 0.04
Other Assets 0.03 0.01 0.02
Total Assets 1.00 1.00 1.00

Liabilities and Equity

Accounts Payable 0.14 0.14 0.15
Accrued Expenses 0.02 0.07 0.08
Deffered revenue 0.03 0.04 0.04
Other Current Liabilities 0.05 0.04 0.00
Non Current long-term debt 0.22 0.06 0.06
Other long-term liabilities 0.06 0.05 0.06
Common Stock 0.15 0.17 0.17
Retained Earnings 0.63 0.65 0.61
Treasury Stock -0.31 -0.22 -0.17
Total Liabilties and Equity 1.00 1.00 1.00

Trend
Fiscal Year 2006 2005 2004
Assets
Cash and Marketable Securities 0.27 0.36 0.96
Recievables 3.01 2.24 1.40
Inventories 1.54 1.37 1.21
Other Current Assets 5.28 2.62 2.10
Property, plant and equip.,net 1.55 1.45 1.32
Goodwill 10.98 6.41 2.46
Other Assets 3.83 1.57 1.74
Total Assets 1.74 1.48 1.30

Liabilities and Equity

Accounts Payable 1.61 1.32 1.26
Accrued Expenses 0.58 1.48 1.32
Deffered revenue 1.64 1.76 1.55
Other Current Liabilities 11.31 7.70 0.74
Non Current long-term debt 8.81 2.02 1.63
Other long-term liabilities 4.19 3.10 3.36
Common Stock 1.35 1.24 1.13
Retained Earnings 2.07 1.81 1.50
Treasury Stock 8.19 4.86 3.35
Total Liabilties and Equity 1.74 1.48 1.30
2003 2002

0.08 0.08
0.03 0.04
0.26 0.28
0.01 0.01
0.58 0.57
0.02 0.02
0.01 0.01
1.00 1.00

0.15 0.15
0.07 0.07
0.04 0.03
0.02 0.01
0.02 0.04
0.05 0.02
0.18 0.20
0.57 0.53
-0.10 -0.07
1.00 1.00

2003 2002

1.27 1.00
1.02 1.00
1.09 1.00
1.19 1.00
1.17 1.00
1.45 1.00
0.61 1.00
1.15 1.00

1.13 1.00
1.08 1.00
1.28 1.00
2.92 1.00
0.65 1.00
2.31 1.00
1.05 1.00
1.23 1.00
1.80 1.00
1.15 1.00
Home Depot Financial Statements: Balance Sheet

Fiscal Year 2006 2005 2004 2003 2002

Assets
Cash and Marketable Securities 614 807 2165 2852 2253
Receivables 3223 2396 1499 1097 1072
Inventories 12822 11401 10076 9076 8338
Other Current Assets 1341 665 533 303 254
Property, plant and equip.,net 26605 24901 22726 20063 17168
Goodwill 6314 3684 1412 833 575
Other Assets 1344 551 609 213 351
Total Assets 52263 44405 39020 34437 30011

Liabilities and Equity

Accounts Payable 7356 6032 5766 5159 4560
Accrued Expenses 1295 3311 2971 2430 2243
Deffered revenue 1634 1757 1546 1281 998
Other Current Liabilities 2646 1801 172 684 234
Non Current long-term debt 11643 2672 2148 856 1321
Other long-term liabilities 2969 2194 2378 1634 708
Common Stock 8051 7407 6769 6303 5976
Retained Earnings 33052 28943 23962 19680 15971
Treasury Stock -16383 -9712 -6692 -3590 -2000
Total Liabilties and Equity 52263 44405 39020 34437 30011

Working Capital
 Ratio Analysis for The Year 2006
Liquidity Ratios
CA 18000
CL 12931
Inventories 12822
CFO 7661
Current Ratio 1.39
Quick Ratio 0.40
CFO/CL 0.59
Working Capital 5069
Quality of Working Capital -7753

Solvency Ratios
Long Term Debt 11643
Shareholder's Equity 24720
Total Assets 52263
Total Liabilities 27543
CFO 7661
CAPEX 26605
Net Income 5761
EBIT Taxes 3547
Interest Expense 392
Long Term Debt to Equity 0.470995
Liabilities to Asset 0.527008
CFO to Liabilities 0.278147
CFO to Capex 0.287953
Interest Coverage 24.7449

Efficiency Ratios
Net Revenue 90837
Average AR 2809.5
COGS 61054
Average Inventory 12111.5
Average AP 2303
Average Assets 48334
Accounts Receivable Turnover (AR) 32.33209
DSO 11.28909
Inventory Tuyrnover 5.040994
DIO 72.40635
Accounts Payable Turnover (AP) 26.51064
DPO 13.76806
Asset Turnover 1.87936
Net Days Financing Required 69.92739

Profitability Ratios
 Net Revenue 90837
Net Income 5761
Average Equity 25679
Interest 392 242.648
Tax 38.10%
Average Assets 48334
Profit Margin 0.063421
ROA 0.124212
Financial Leverage 1.882238
ROE 0.224347