Home Depot Financial Analysis
HOME DEPOT INC.
(Note: all $ amounts are stated in millions)
PART 1
a) There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002:
• Consolidated Statement of Earnings
• Statement of Stockholders Equity and Comprehensive Income
• Consolidated Statements of Cash Flows
There are 2 years covered in the Consolidated Balance Sheet, namely fiscal years ended 1 February 2004 and 2 February 2003.
All of the primary comparative financial statements were audited, namely the Consolidated Balance Sheet, the Consolidated Statement of Earnings, the Statement of Stockholders Equity and Comprehensive Income and the Consolidated Statements of Cash Flows.
The auditors were KPMG LLP.
The auditor’s conclusions about these Statements (i.e. the audit opinion) was that the Consolidated Financial Statements present fairly, in all material respects, the financial position of Home Depot and its subsidiaries in conformance with accounting principle generally accepted in the United States of America. The auditors also highlight that there was a change in the method in which the Company accounted for cash considerations received from vendors.
This information was found in Note 1 (Summary of Significant Accounting Policies – Fiscal Year) to the Consolidated Financial Statements and in the Independent Auditors’ Report.
b) The details relating to changes in the amount of retained earnings are found in the Consolidated Statement of Stockholders’ Equity and Comprehensive Income.
c) 1. Operating activities: All years – positive 2. Investing activities: All years – negative 3. Financing activities: All years – negative
The Cash balance increased from 4 February 2001 to 3 February 2002, decreased from 3 February 2002 to 2 February 2003 and increased from 2 February 2003 to 1 February 2004.
This information was found in the Consolidated
(Note: all $ amounts are stated in millions)
PART 1
a) There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002:
• Consolidated Statement of Earnings
• Statement of Stockholders Equity and Comprehensive Income
• Consolidated Statements of Cash Flows
There are 2 years covered in the Consolidated Balance Sheet, namely fiscal years ended 1 February 2004 and 2 February 2003.
All of the primary comparative financial statements were audited, namely the Consolidated Balance Sheet, the Consolidated Statement of Earnings, the Statement of Stockholders Equity and Comprehensive Income and the Consolidated Statements of Cash Flows.
The auditors were KPMG LLP.
The auditor’s conclusions about these Statements (i.e. the audit opinion) was that the Consolidated Financial Statements present fairly, in all material respects, the financial position of Home Depot and its subsidiaries in conformance with accounting principle generally accepted in the United States of America. The auditors also highlight that there was a change in the method in which the Company accounted for cash considerations received from vendors.
This information was found in Note 1 (Summary of Significant Accounting Policies – Fiscal Year) to the Consolidated Financial Statements and in the Independent Auditors’ Report.
b) The details relating to changes in the amount of retained earnings are found in the Consolidated Statement of Stockholders’ Equity and Comprehensive Income.
c) 1. Operating activities: All years – positive 2. Investing activities: All years – negative 3. Financing activities: All years – negative
The Cash balance increased from 4 February 2001 to 3 February 2002, decreased from 3 February 2002 to 2 February 2003 and increased from 2 February 2003 to 1 February 2004.
This information was found in the Consolidated