10-Q Filing

ROSS STORES, INC. CIK: 745732 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000745732-16-000053`
Period End Date	20160430
Filing Date	20160608
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rost-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 33 Cash Flow Statement 60 Comprehensive Income 6

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$696.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$910.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$761.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$761.60M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.74M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.73M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$500.00K	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$73.63M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$96.24M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$88.26M	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.50B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.50B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.42B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$116.12M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$119.38M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$122.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.47B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.37B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.63B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.09B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.08B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$948.55M	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$2.24B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$2.28B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$1.96B	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$938.49M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$920.39M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$876.00M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$64.16M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$302.46M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$90.40M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.09B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.34B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.37B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.81B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.05B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.00B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.32B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.28B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.34B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$1.33M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$1.33M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.14M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$165.26M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$152.69M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$169.79M	USD	Point-in-time
Total assets	`Assets`	$4.92B	USD	Point-in-time
Total assets	`Assets`	$4.87B	USD	Point-in-time
Total assets	`Assets`	$5.11B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$945.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06B	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$389.80M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$382.11M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$376.52M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$198.08M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$201.83M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$280.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$108.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$110.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.75B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.83B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$395.68M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$396.02M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$396.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$296.49M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$268.17M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$286.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$72.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$130.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$140.80M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$4.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$4.02M	USD	Point-in-time
Common stock	`CommonStockValue`	$4.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.12B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$222.57M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$266.45M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$229.53M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$248.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$182.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.49B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.64B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.57B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.33B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.47B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.11B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.92B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.87B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$3.09B	USD	1 Quarter
Sales	`SalesRevenueNet`	$2.94B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.18B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.07B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$409.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$436.92M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.36M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.48B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.62B	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$459.39M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$471.50M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$180.87M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$177.19M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$290.63M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$282.20M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.65M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	395.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	411.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	398.81M	shares	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,399.00	stores	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,473.00	stores	Point-in-time

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$290.63M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$282.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$63.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$73.88M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$17.72M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.29M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.71M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-944.00K	USD	1 Quarter
Tax benefit from equity issuance	`DeferredTaxExpenseFromStockBasedCompensation`	$37.32M	USD	1 Quarter
Tax benefit from equity issuance	`DeferredTaxExpenseFromStockBasedCompensation`	$20.54M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$20.54M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$37.26M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$79.34M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$131.61M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.54M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$29.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$123.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$143.04M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$54.41M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$63.22M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOperatingLiabilities`	$6.33M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOperatingLiabilities`	$7.95M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$413.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$469.08M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.72M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.93M	USD	1 Quarter
Increase in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$9.00K	USD	1 Quarter
Increase in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$44.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$718.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$601.00K	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.05M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.77M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$37.26M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$20.54M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.04M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.50M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$36.93M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$61.98M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$175.76M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$175.76M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$48.74M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$54.24M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-242.19M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-240.89M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$148.42M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.75M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$696.61M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$910.02M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$761.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$761.60M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$696.61M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$910.02M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$761.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$761.60M	USD	Point-in-time
Interest paid	`InterestPaid`	$4.15M	USD	1 Quarter
Interest paid	`InterestPaid`	$4.22M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$26.76M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$43.30M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$290.63M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$282.20M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-82.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$282.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$290.62M	USD	1 Quarter

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