10-Q Filing

HOME DEPOT, INC. CIK: 354950 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000354950-23-000144`
Period End Date	20230430
Filing Date	20230523
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	hd-20230430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 14 Comprehensive Income 10

Balance Sheet 78 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`	$2.76B	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.03B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$4.21B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.02B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	1.01B	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$3.32B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	788.00M	shares	Point-in-time
Merchandise inventories	`InventoryNet`	$24.89B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	778.00M	shares	Point-in-time
Merchandise inventories	`InventoryNet`	$25.37B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.51B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.58B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.42B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.47B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$25.67B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$25.63B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.93B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.94B	USD	Point-in-time
Goodwill	`Goodwill`	$7.45B	USD	Point-in-time
Goodwill	`Goodwill`	$7.44B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.91B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.96B	USD	Point-in-time
Total assets	`Assets`	$76.44B	USD	Point-in-time
Total assets	`Assets`	$76.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.63B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.44B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.99B	USD	Point-in-time
Accrued salaries and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.93B	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$528.00M	USD	Point-in-time
Sales taxes payable	`SalesAndExciseTaxPayableCurrent`	$683.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.06B	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.12B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$50.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.05B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.34B	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.23B	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$966.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$945.00M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$3.86B	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$3.73B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.45B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$40.91B	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtAndCapitalLeaseObligations`	$41.96B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.23B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.21B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$954.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.02B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.50B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.57B	USD	Point-in-time
Total liabilities	`Liabilities`	$76.02B	USD	Point-in-time
Total liabilities	`Liabilities`	$74.88B	USD	Point-in-time
Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,795 shares at April 30, 2023 and 1,794 shares at January 29, 2023; outstanding: 1,007 shares at April 30, 2023 and 1,016 shares at January 29, 2023	`CommonStockValueOutstanding`	$90.00M	USD	Point-in-time
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,795 shares at April 30, 2023 and 1,794 shares at January 29, 2023; outstanding: 1,007 shares at April 30, 2023 and 1,016 shares at January 29, 2023	`CommonStockValueOutstanding`	$90.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.58B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$76.90B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.65B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-718.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-637.00M	USD	Point-in-time
Treasury stock, at cost, 788 shares at April 30, 2023 and 778 shares at January 29, 2023	`TreasuryStockValue`	$90.33B	USD	Point-in-time
Treasury stock, at cost, 788 shares at April 30, 2023 and 778 shares at January 29, 2023	`TreasuryStockValue`	$87.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-1.71B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$362.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$76.39B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$76.44B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.26B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.91B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$25.76B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$24.70B	USD	1 Quarter
Gross profit	`GrossProfit`	$13.14B	USD	1 Quarter
Gross profit	`GrossProfit`	$12.56B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.36B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.61B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$606.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$651.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.22B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.01B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.93B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.55B	USD	1 Quarter
Interest income and other, net	`InvestmentIncomeInterestAndDividend`	$3.00M	USD	1 Quarter
Interest income and other, net	`InvestmentIncomeInterestAndDividend`	$33.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$474.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$372.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-441.00M	USD	1 Quarter
Interest and other, net	`NonoperatingIncomeExpense`	$-369.00M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.56B	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.11B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.24B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.33B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.87B	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.01B	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.03B	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`	$3.83	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.03B	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.01B	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$3.82	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`	$3.87B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$793.00M	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`	$124.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$489.00M	USD	1 Quarter
Changes in receivables, net	`IncreaseDecreaseInReceivables`	$893.00M	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$457.00M	USD	1 Quarter
Changes in merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$3.23B	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$60.00M	USD	1 Quarter
Changes in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$589.00M	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.74B	USD	1 Quarter
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.16B	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$79.00M	USD	1 Quarter
Changes in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$57.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.00B	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.12B	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$59.00M	USD	1 Quarter
Changes in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$44.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-120.00M	USD	1 Quarter
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-74.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.61B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.79B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$905.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$704.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-701.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-903.00M	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	1 Quarter
Repayments of short-term debt, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-1.03B	USD	1 Quarter
Proceeds from long-term debt, net of discounts	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$3.96B	USD	1 Quarter
Proceeds from long-term debt, net of discounts	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.05B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.06B	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.31B	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.89B	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00M	USD	1 Quarter
Proceeds from sales of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$2.12B	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$1.96B	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-182.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-135.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.19B	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.58B	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.48B	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$509.00M	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`	$-20.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.34B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.26B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.84B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.76B	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`	$1.26B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.84B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.76B	USD	Point-in-time
Cash paid for interest, net of interest capitalized	`InterestPaidNet`	$415.00M	USD	1 Quarter
Cash paid for interest, net of interest capitalized	`InterestPaidNet`	$596.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$185.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$213.00M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$-1.71B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$362.00M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.56B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.87B	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$79.00M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.00M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$3.03B	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$2.25B	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$-1.71B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$362.00M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.56B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.23B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.87B	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$79.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$21.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$81.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.95B	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.