Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Income Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018
Net sales 34,786 37,710 42,916 37,257 35,831 38,872 43,792 38,908 35,719 36,820 41,118 37,500 32,261 33,536 38,053 28,260 25,782 27,223 30,839 26,381 26,491 26,302 30,463 24,947
Cost of sales (23,278) (24,972) (28,759) (24,700) (23,905) (25,648) (29,309) (25,763) (23,857) (24,257) (27,453) (24,758) (21,430) (22,080) (25,112) (18,635) (17,046) (17,836) (20,407) (17,364) (17,464) (17,151) (20,098) (16,330)
Gross profit 11,508 12,738 14,157 12,557 11,926 13,224 14,483 13,145 11,862 12,563 13,665 12,742 10,831 11,456 12,941 9,625 8,736 9,387 10,432 9,017 9,027 9,151 10,365 8,617
Selling, general and administrative (6,679) (6,649) (6,915) (6,355) (6,549) (6,468) (6,657) (6,610) (6,431) (6,168) (6,433) (6,374) (6,187) (6,076) (6,355) (5,829) (4,814) (4,942) (5,044) (4,940) (4,922) (4,808) (5,004) (4,779)
Depreciation and amortization (686) (683) (653) (651) (625) (608) (616) (606) (606) (600) (593) (587) (561) (528) (519) (520) (519) (498) (492) (480) (480) (473) (460) (457)
Impairment loss (247)
Operating expenses (7,365) (7,332) (7,568) (7,006) (7,174) (7,076) (7,273) (7,216) (7,037) (6,768) (7,026) (6,961) (6,748) (6,604) (6,874) (6,349) (5,333) (5,440) (5,536) (5,420) (5,649) (5,281) (5,464) (5,236)
Operating income 4,143 5,406 6,589 5,551 4,752 6,148 7,210 5,929 4,825 5,795 6,639 5,781 4,083 4,852 6,067 3,276 3,403 3,947 4,896 3,597 3,378 3,870 4,901 3,381
Interest income and other, net 55 49 41 33 43 7 2 3 18 15 5 6 10 11 9 17 17 22 19 15 4 25 26 22
Interest expense (513) (487) (469) (474) (451) (413) (381) (372) (341) (341) (326) (339) (337) (340) (346) (324) (309) (302) (302) (288) (269) (249) (272) (261)
Interest and other income (expense), net (458) (438) (428) (441) (408) (406) (379) (369) (323) (326) (321) (333) (327) (329) (337) (307) (292) (280) (283) (273) (265) (224) (246) (239)
Earnings before provision for income taxes 3,685 4,968 6,161 5,110 4,344 5,742 6,831 5,560 4,502 5,469 6,318 5,448 3,756 4,523 5,730 2,969 3,111 3,667 4,613 3,324 3,113 3,646 4,655 3,142
Provision for income taxes (884) (1,158) (1,502) (1,237) (982) (1,403) (1,658) (1,329) (1,150) (1,340) (1,511) (1,303) (899) (1,091) (1,398) (724) (630) (898) (1,134) (811) (769) (779) (1,149) (738)
Net earnings 2,801 3,810 4,659 3,873 3,362 4,339 5,173 4,231 3,352 4,129 4,807 4,145 2,857 3,432 4,332 2,245 2,481 2,769 3,479 2,513 2,344 2,867 3,506 2,404

Based on: 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-K (reporting date: 2019-02-03), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).

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 decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Home Depot Inc. operating income decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.