10-Q Filing

HOME DEPOT, INC. CIK: 354950 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000354950-22-000158`
Period End Date	20220430
Filing Date	20220524
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	hd-20220501_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 16 Comprehensive Income 12

Balance Sheet 74 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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.84B	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34B	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	1.79B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.03B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.06B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$3.43B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.03B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$3.94B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	757.00M	shares	Point-in-time
Merchandise inventories	`InventoryNet`	$25.30B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	764.00M	shares	Point-in-time
Merchandise inventories	`InventoryNet`	$22.07B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.22B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.79B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.05B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.87B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$25.17B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$25.20B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.97B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.98B	USD	Point-in-time
Goodwill	`Goodwill`	$7.45B	USD	Point-in-time
Goodwill	`Goodwill`	$7.45B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.21B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.10B	USD	Point-in-time
Total assets	`Assets`	$76.57B	USD	Point-in-time
Total assets	`Assets`	$71.88B	USD	Point-in-time
Short-term debt	`CommercialPaper`	$1.03B	USD	Point-in-time
Short-term debt	`CommercialPaper`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.46B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.37B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.43B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.01B	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$848.00M	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.14B	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.60B	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.67B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.46B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.45B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$859.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$830.00M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$4.05B	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$4.88B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.39B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.69B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$39.16B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$36.60B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.35B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.33B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.92B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.40B	USD	Point-in-time
Total liabilities	`Liabilities`	$78.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$73.57B	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,793 shares at May 1, 2022 and 1,792 shares at January 30, 2022; outstanding: 1,029 shares at May 1, 2022 and 1,035 shares at January 30, 2022	`CommonStockValue`	$90.00M	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,793 shares at May 1, 2022 and 1,792 shares at January 30, 2022; outstanding: 1,029 shares at May 1, 2022 and 1,035 shares at January 30, 2022	`CommonStockValue`	$90.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.08B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$69.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.58B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-704.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-683.00M	USD	Point-in-time
Treasury stock, at cost, 764 shares at May 1, 2022 and 757 shares at January 30, 2022	`TreasuryStockValue`	$83.04B	USD	Point-in-time
Treasury stock, at cost, 764 shares at May 1, 2022 and 757 shares at January 30, 2022	`TreasuryStockValue`	$80.79B	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-1.70B	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-1.71B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$76.57B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$71.88B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.91B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.50B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$24.76B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$25.76B	USD	1 Quarter
Gross profit	`GrossProfit`	$12.74B	USD	1 Quarter
Gross profit	`GrossProfit`	$13.14B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.61B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.37B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$587.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$606.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.96B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.22B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.93B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.78B	USD	1 Quarter
Interest income and other, net	`InvestmentIncomeInterestAndDividend`	$3.00M	USD	1 Quarter
Interest income and other, net	`InvestmentIncomeInterestAndDividend`	$6.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$339.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$372.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-369.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-333.00M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.56B	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.45B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.30B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.33B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.03B	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`	$4.11	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`	1.03B	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`	$4.09	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$727.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$115.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$146.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$640.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$489.00M	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$2.52B	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$3.23B	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$589.00M	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$277.00M	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.01B	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.74B	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$586.00M	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$79.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.12B	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.14B	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$44.00M	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$87.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-102.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-120.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.79B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.31B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$524.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$704.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-528.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-701.00M	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-1.03B	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	1 Quarter
Proceeds from long-term debt, net of discounts	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Proceeds from long-term debt, net of discounts	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$3.96B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.05B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.39B	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.31B	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`	$5.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.77B	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.96B	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-182.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-130.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.58B	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.07B	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$509.00M	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`	$-8.00M	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`	$6.65B	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`	$2.34B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.84B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.65B	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`	$2.34B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.84B	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`	$415.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$226.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$213.00M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$-1.70B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-1.71B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.00M	USD	1 Quarter
Other, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	1 Quarter
Other, net of tax	`OtherComprehensiveIncomeOtherNetOfTax`	$27.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$2.25B	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$4.00B	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$-1.70B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-1.71B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.14B	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$27.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$63.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$21.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.21B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.25B	USD	1 Quarter

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