10-Q Filing

ROSS STORES, INC. CIK: 745732 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000745732-18-000019`
Period End Date	20180430
Filing Date	20180613
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	rost-20180505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 111 Income Statement 33 Cash Flow Statement 50 Comprehensive Income 6

Balance Sheet 111 line items

Line Item	Tag	Value	Unit	Period
Par value per share (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Par value per share (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Par value per share (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	389.43M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.24B	USD	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	379.62M	shares	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	377.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	389.43M	shares	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	377.08M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$512.00K	USD	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	379.62M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$100.84M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$87.87M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$109.42M	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.90B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.59B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.64B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$146.36M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$124.92M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$130.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.45B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.15B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.10B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.11B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.11B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$2.60B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$2.62B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$2.46B	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$1.09B	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$1.10B	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$1.01B	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$116.50M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$102.05M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$63.76M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.91B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.95B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$4.64B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.58B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.53B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.33B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.38B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.31B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.37B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$1.27M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$709.00K	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$712.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$178.28M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$187.72M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$196.83M	USD	Point-in-time
Total assets	`Assets`	$5.55B	USD	Point-in-time
Total assets	`Assets`	$6.02B	USD	Point-in-time
Total assets	`Assets`	$5.72B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.18B	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$418.85M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$435.61M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$431.71M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$209.57M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$349.88M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$209.14M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$77.32M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$131.71M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$84.98M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$84.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.94B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$396.61M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$312.11M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$311.99M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$348.54M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$362.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$309.34M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$85.81M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$131.56M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$109.37M	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, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 377,079,000, 379,618,000 and 389,431,000 shares, respectively	`CommonStockValue`	$3.80M	USD	Point-in-time
Common stock, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 377,079,000, 379,618,000 and 389,431,000 shares, respectively	`CommonStockValue`	$3.77M	USD	Point-in-time
Common stock, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 377,079,000, 379,618,000 and 389,431,000 shares, respectively	`CommonStockValue`	$3.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.23B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.29B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.31B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$363.08M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$311.59M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$318.28M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$27.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$75.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.07B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.78B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.55B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.02B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.72B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$3.59B	USD	1 Quarter
Sales	`SalesRevenueNet`	$3.31B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.52B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.33B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$474.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$524.42M	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-3.17M	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$503.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.81B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.05B	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$542.48M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$498.48M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$177.46M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$124.23M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$321.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$418.25M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	386.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	373.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	377.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	389.73M	shares	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,651.00	stores	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,561.00	stores	Point-in-time

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$321.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$418.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$75.82M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$20.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$23.76M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.84M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.85M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$81.87M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$253.72M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$37.17M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$37.28M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$238.68M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$162.79M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-18.64M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$41.90M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-4.37M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-7.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$520.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$472.05M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.97M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.79M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$505.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.97M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.68M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.40M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$38.75M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$44.80M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$215.04M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$255.37M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$62.80M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$85.41M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-312.19M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-380.90M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$132.70M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.87M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.37B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.37B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Interest paid	`InterestPaid`	$4.22M	USD	1 Quarter
Interest paid	`InterestPaid`	$4.22M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$17.06M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$46.52M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$321.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$418.25M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-16.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-20.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$418.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$321.00M	USD	1 Quarter

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