Project FIN 300 (Group or Individual - 20% of your grade) October 12, 2020 1. Analyze Home Depot (https://ir.homedepot.com/) using quarterly earnings (Past 10 Quar- ters Earnings). (a) Quarterly...

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Answered 72 days AfterOct 29, 2021

Answer To: Project FIN 300 (Group or Individual - 20% of your grade) October 12, 2020 1. Analyze Home Depot...

Rochak answered on Jan 10 2022
133 Votes
Balance Sheet
    (in millions, expect per share data)    2018                2019                2020
    Particulars    Q1    Q2    Q3    Q4    Q1    Q2    Q3    Q4    Q1    Q2
    Assets
    Current assets:
    Cash and cash equivalents    3,599    3,490    1,764    1,778    1,882    2,547    2,193    2,133    8,696    14,139
    Receivables, net    2,296    2,164    2,171    1,936    2,317    2,274    2,231    2,106    2,610    2,562
    Mechandise inventories    14,432    14,044    14,
754    13,925    15,495    14,741    15,711    14,531    14,989    13,498
    Other current assets    887    1,104    1,120    890    859    1,137    1,039    1,040    982    1,162
    Total current assets    21,214    20,802    19,809    18,529    20,553    20,699    21,174    19,810    27,277    31,361
    Property and Equipment    41,596    41,864    42,347    42,939    43,314    43,923    44,506    45,323    45,770    46,979
    Less: Depreciation    19,668    19,955    20,293    20,564    21,044    21,536    22,034    22,553    23,073    23,592
    Net Property and equipment    21,928    21,909    22,054    22,375    22,270    22,387    22,472    22,770    22,697    23,387
    Goodwill    2,281    2,251    2,258    2,252    5,629    5,789    5,638    5,595    5,634    5,436
    Operating lease right-of-use assets    - 0    - 0    - 0    - 0    2,250    2,254    2,253    2,254    2,220    2,233
    Other assets    1,227    1,270    1,079    847    813    881    772    807    909    932
    Total assets    46,650    46,232    45,200    44,003    51,515    52,010    52,309    51,236    58,737    63,349
    Liabilities and Stockholders' Equity
    Current liabilities:
    Short-term debt    350    - 0    1,398    1,339    372    - 0    695    974    - 0    - 0
    Accounts payable    9,726    9,407    9,054    7,755    10,311    9,494    9,240    7,787    10,056    11,691
    Accrued salaries and related expenses    1,413    1,535    1,495    1,506    1,418    1,478    1,467    1,494    1,974    2,402
    Current installments of long-term debt    1,199    2,203    1,054    1,056    793    1,315    1,818    1,839    4,200    2,476
    Current operating lease liabilities    - 0    - 0    - 0    - 0    - 0    831    828    828    853    931
    Other current liabilities    5,445    5,281    5,195    5,060    6,779    5,680    5,517    5,453    6,265    6,699
    Total current liabilities    18,133    18,426    18,196    16,716    19,673    18,798    19,565    18,375    23,348    24,199
    Long-term debt, excluding current installments    24,244    23,295    23,332    26,807    26,804    27,064    26,597    28,670    31,622    32,370
    Deferred income taxes    - 0    - 0    - 0    491    5,145    5,263    5,113    5,066    5,075    4,895
    Other long-term liabilities    2,586    2,502    2,352    1,867    2,036    2,045    2,116    2,241    2,182    2,299
    Total liabilities    44,963    44,223    43,880    45,881    53,658    53,170    53,391    54,352    62,227    63,763
    Common stock    89    89    89    89    89    89    89    89    89    89
    Paid-in capital    10,017    10,079    10,409    10,578    10,590    10,747    10,932    11,001    11,008    11,228
    Retained earnings    41,221    43,543    45,235    46,423    47,459    50,938    54,702    51,729    52,354    55,074
    Accumulated other coprehensive loss    -596    -774    -717    -772    -835    -869    -831    -739    -1,148    -1,012
    Treasury stock    -49,044    -50,928    -53,696    -58,196    -59,446    -62,065    -65,974    -65,196    -65,793    -65,793
    Total stockholders' equity    1,687    2,009    1,320    -1,878    -2,143    -1,160    -1,082    -3,116    -3,490    -414
    Total liabilities and stockholders' equity    46,650    46,232    45,200    44,003    51,515    52,010    52,309    51,236    58,737    63,349
Income Statement
    (in millions, expect per share data)    2018                2019                2020
    Particulars    Q1    Q2    Q3    Q4    Q1    Q2    Q3    Q4    Q1    Q2
    Net sales    24,947    30,463    26,302    26,491    26,381    30,839    27,223    25,782    28,260    38,053
    Cost of sales    16,330    20,098    17,151    17,464    17,364    20,407    17,836    17,046    18,635    25,112
    Gross profit    8,617    10,365    9,151    9,027    9,017    10,432    9,387    8,736    9,625    12,941
    Operating expenses:
    Selling, general and administrative    4,779    5,004    4,808    4,922    4,940    5,044    4,942    4,814    5,829    6,355
    Depreciation and amortization    457    460    473    480    480    492    498    519    520    519
    Impairmnet loss    - 0    - 0    - 0    247    - 0    - 0    - 0    - 0    - 0    - 0
    Total operating expenses    5,236    5,464    5,281    5,649    5,420    5,536    5,440    5,333    6,349    6,874
    Operating...
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