Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Home Depot Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
Net sales 152,669 157,403 151,157 132,110 110,225 108,203
Cost of sales (101,709) (104,625) (100,325) (87,257) (72,653) (71,043)
Gross profit 50,960 52,778 50,832 44,853 37,572 37,160
Selling, general and administrative (26,598) (26,284) (25,406) (24,447) (19,740) (19,513)
Depreciation and amortization (2,673) (2,455) (2,386) (2,128) (1,989) (1,870)
Impairment loss (247)
Operating expenses (29,271) (28,739) (27,792) (26,575) (21,729) (21,630)
Operating income 21,689 24,039 23,040 18,278 15,843 15,530
Interest income and other, net 178 55 44 47 73 77
Interest expense (1,943) (1,617) (1,347) (1,347) (1,201) (1,051)
Interest and other income (expense), net (1,765) (1,562) (1,303) (1,300) (1,128) (974)
Earnings before provision for income taxes 19,924 22,477 21,737 16,978 14,715 14,556
Provision for income taxes (4,781) (5,372) (5,304) (4,112) (3,473) (3,435)
Net earnings 15,143 17,105 16,433 12,866 11,242 11,121

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Home Depot Inc. net sales increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Home Depot Inc. operating income increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Earnings before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Home Depot Inc. earnings before provision for income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Home Depot Inc. net earnings increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.