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Home Depot, Inc. (HD) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, January 30, 2022

SEC Filings

HD Annual Reports

Home Depot Inc

CIK: 354950 Ticker: HD

Exhibit 99.1
hdlogoa02a01a01a01a01a21a.jpg
The Home Depot Announces Fourth Quarter and Fiscal 2021 Results;
Increases Quarterly Dividend by 15 Percent;
Provides Fiscal 2022 Guidance

ATLANTA, February 22, 2022 --
The Home Depot®, the world's largest home improvement retailer, today reported fourth quarter and fiscal 2021 results.

Fourth Quarter 2021

Sales for the fourth quarter of fiscal 2021 were $35.7 billion, an increase of $3.5 billion, or 10.7 percent from the fourth quarter of fiscal 2020. Comparable sales for the fourth quarter of fiscal 2021 increased 8.1 percent, and comparable sales in the U.S. increased 7.6 percent.

Net earnings for the fourth quarter of fiscal 2021 were $3.4 billion, or $3.21 per diluted share, compared with net earnings of $2.9 billion, or $2.65 per diluted share, in the same period of fiscal 2020. For the fourth quarter of fiscal 2021, diluted earnings per share increased 21.1 percent from the same period in the prior year.

Fiscal 2021

Sales for fiscal 2021 were $151.2 billion, an increase of $19.0 billion, or 14.4 percent, from fiscal 2020. Comparable sales for fiscal 2021 increased 11.4 percent, and comparable sales in the U.S. increased 10.7 percent.

Net earnings for fiscal 2021 were $16.4 billion, or $15.53 per diluted share, compared with net earnings of $12.9 billion, or $11.94 per diluted share in fiscal 2020. For fiscal year 2021, diluted earnings per share increased 30.1 percent versus last year.

“Fiscal 2021 was another record year for The Home Depot. We achieved a milestone of over $150 billion in sales,” said Craig Menear, chairman and CEO. “Our ability to grow the business by over $40 billion in the last two years is a testament to investments we have made in the business, our ability to execute with agility, and our associates’ relentless focus on our customers. I would like to thank all of our associates, as well as our supplier partners, for their hard work and dedication to serving our customers, communities and each other.”

Dividend Declaration

The Company today announced that its board of directors approved a 15 percent increase in its quarterly dividend to $1.90 per share, which equates to an annual dividend of $7.60 per share.
The dividend is payable on March 24, 2022, to shareholders of record on the close of business on March 10, 2022. This is the 140th consecutive quarter the Company has paid a cash dividend.

Fiscal 2022 Guidance

The Company’s fiscal 2022 guidance assumes the run-rate of dollar demand it has observed over the last two quarters continues through fiscal 2022. This dollar run-rate is adjusted for the Company’s historical seasonality to calculate its sales outlook for 2022.


The following information was filed by Home Depot Inc (HD) on Tuesday, February 22, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Home Depot Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Earnings
Consolidated Statements Of Stockholders' Equity
Commitments And Contingencies
Commitments And Contingencies (Letters Of Credit) (Narrative) (Details)
Debt And Derivative Instruments
Debt And Derivative Instruments (Tables)
Debt And Derivative Instruments - Derivatives Instruments (Details)
Debt And Derivative Instruments - Long-Term Debt (Details)
Debt And Derivative Instruments - Narrative (Details)
Debt And Derivative Instruments - Schedules Of Maturities Of Long-Term Debt (Details)
Debt And Derivative Instruments - Short-Term Commercial Paper Programs And Line Of Credit Facility (Details)
Employee Benefit Plans
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Fair Value Measurements
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Measurements (Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis) (Details)
Fair Value Measurements (Tables)
Hd Supply Acquisition
Hd Supply Acquisition (Tables)
Hd Supply Acquisition - Estimated Fair Value And Estimated Remaining Useful Life Of Identifiable Intangible Assets (Details)
Hd Supply Acquisition - Fair Values Of Assets And Liabilities Acquired (Details)
Hd Supply Acquisition - Narrative (Details)
Hd Supply Acquisition - Purchase Price Consideration (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Balance Sheet Accounts (Details)
Income Taxes - Components Of Earnings Before Provision For Income Taxes (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Narrative (Details)
Income Taxes - Provision For Income Taxes (Details)
Income Taxes - Tax Effects Of Temporary Differences (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Net Sales And Segment Reporting
Net Sales And Segment Reporting (Disclosure Of Entity's Reportable Segments) (Narrative) (Details)
Net Sales And Segment Reporting (Revenue From External Customers By Products And Services) (Details)
Net Sales And Segment Reporting (Schedule Of Revenue From External Customers And Long-Lived Assets, By Geographical Areas) (Details)
Net Sales And Segment Reporting (Tables)
Property And Leases
Property And Leases (Components Of Lease Costs) (Details)
Property And Leases (Depreciation And Finance Lease Amortization Expense) (Details)
Property And Leases (Net Property And Equipment) (Details)
Property And Leases (Other Lease Information) (Details)
Property And Leases (Schedule Of Assets And Liabilities Related To Operating And Finance Leases) (Details)
Property And Leases (Schedule Of Future Minimum Lease Payments Under Operating And Finance Leases) (Details)
Property And Leases (Schedule Of Lease Terms And Discount Rates) (Details)
Property And Leases (Tables)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Deferred Compensation Arrangements (Details)
Stock-Based Compensation - Deferred Compensation Arrangements Narrative (Details)
Stock-Based Compensation - Employee Stock Purchase Plan Narrative (Details)
Stock-Based Compensation - Fair Value Assumptions And Methodology (Details)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Restricted Stock And Performance Shares (Details)
Stock-Based Compensation - Stock Options (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accelerated Share Repurchases (Details)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Repurchases Of Common Stock (Details)
Stockholders' Equity - Stock Rollforward (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Depreciation Estimated Useful Lives) (Details)
Summary Of Significant Accounting Policies (Estimated Future Amortization Expense) (Details)
Summary Of Significant Accounting Policies (Gross Carrying Amount And Accumulated Amortization Of Intangible Assets) (Details)
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Other Income And Expense) (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Receivables) (Details)
Summary Of Significant Accounting Policies (Schedule Of Goodwill) (Details)
Summary Of Significant Accounting Policies (Tables)
Weighted Average Common Shares
Weighted Average Common Shares (Reconciliation Of Basic To Diluted Weighted Average Common Shares) (Details)
Weighted Average Common Shares (Schedule Of Antidilutive Securities From Computation Of Earnings Per Share) (Details)
Weighted Average Common Shares (Tables)
Ticker: HD
CIK: 354950
Form Type: 10-K Annual Report
Accession Number: 0000354950-22-000070
Submitted to the SEC: Wed Mar 23 2022 4:25:53 PM EST
Accepted by the SEC: Wed Mar 23 2022
Period: Sunday, January 30, 2022
Industry: Retail Lumber And Other Building Materials Dealers

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