10-Q Filing

HOME DEPOT, INC. CIK: 354950 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000354950-21-000147`
Period End Date	20210430
Filing Date	20210525
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	hd-20210502_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 12 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.89B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.65B	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.08B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.06B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$2.99B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.08B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$3.62B	USD	Point-in-time
Merchandise inventories	`InventoryNet`	$19.18B	USD	Point-in-time
Merchandise inventories	`InventoryNet`	$16.63B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	712.00M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	725.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.22B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$963.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.48B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.67B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$24.70B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$24.67B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.96B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.86B	USD	Point-in-time
Goodwill	`Goodwill`	$7.14B	USD	Point-in-time
Goodwill	`Goodwill`	$7.13B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.22B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.31B	USD	Point-in-time
Total assets	`Assets`	$72.57B	USD	Point-in-time
Total assets	`Assets`	$70.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.61B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.49B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.46B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.17B	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$774.00M	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.15B	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.82B	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.42B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.42B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.16B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$803.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$828.00M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$4.57B	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$3.26B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.76B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.17B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$34.70B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$35.82B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.36B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.28B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.94B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$67.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$70.82B	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,790 shares at May 2, 2021 and 1,789 shares at January 31, 2021; outstanding: 1,065 shares at May 2, 2021 and 1,077 shares at January 31, 2021	`CommonStockValue`	$89.00M	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,790 shares at May 2, 2021 and 1,789 shares at January 31, 2021; outstanding: 1,065 shares at May 2, 2021 and 1,077 shares at January 31, 2021	`CommonStockValue`	$90.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.54B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.55B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$58.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$60.50B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-608.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-671.00M	USD	Point-in-time
Treasury stock, at cost, 725 shares at May 2, 2021 and 712 shares at January 31, 2021	`TreasuryStockValue`	$69.79B	USD	Point-in-time
Treasury stock, at cost, 725 shares at May 2, 2021 and 712 shares at January 31, 2021	`TreasuryStockValue`	$65.79B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-3.49B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$70.58B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$72.57B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.50B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.26B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$24.76B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$18.64B	USD	1 Quarter
Gross profit	`GrossProfit`	$12.74B	USD	1 Quarter
Gross profit	`GrossProfit`	$9.62B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.83B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.37B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$520.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$587.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.96B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.35B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.28B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.78B	USD	1 Quarter
Interest and investment income	`InvestmentIncomeInterestAndDividend`	$6.00M	USD	1 Quarter
Interest and investment income	`InvestmentIncomeInterestAndDividend`	$17.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$339.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$324.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-333.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-307.00M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.97B	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.45B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.30B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$724.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.25B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.07B	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.07B	shares	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.09	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$3.87	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.07B	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.08B	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$3.86	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.08	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$2.25B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$607.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$146.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$88.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$534.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$640.00M	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$633.00M	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$2.52B	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$277.00M	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-62.00M	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.27B	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.01B	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$586.00M	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$71.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$594.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.14B	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$87.00M	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$68.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-102.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-31.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.31B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.74B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$586.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$524.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-528.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-578.00M	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-974.00M	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	1 Quarter
Proceeds from long-term debt, net of discounts and premiums	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Proceeds from long-term debt, net of discounts and premiums	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$4.96B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.39B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$27.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$791.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.79B	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.00M	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$18.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.77B	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.61B	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-130.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-125.00M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.45B	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.07B	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.61B	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.29B	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-46.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.70B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.89B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.65B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.70B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.89B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.65B	USD	Point-in-time
Cash paid for interest, net of interest capitalized	`InterestPaidNet`	$382.00M	USD	1 Quarter
Cash paid for interest, net of interest capitalized	`InterestPaidNet`	$338.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$226.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$59.00M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$3.30B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-3.49B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$2.25B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other, net of tax	`OtherComprehensiveIncomeLossOtherBeforeTax`	$10.00M	USD	1 Quarter
Other, net of tax	`OtherComprehensiveIncomeLossOtherBeforeTax`	$27.00M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$3.30B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-3.49B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$2.25B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$34.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-419.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherBeforeTax`	$10.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherBeforeTax`	$27.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-409.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$63.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.21B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.84B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.