← HOME DEPOT, INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $8.0b $8.6b $11.1b $11.2b $12.9b $16.4b $17.1b $15.1b $14.8b $14.2b
Net Income (Loss) Attributable to Parent $8.0b $8.6b $11.1b $11.2b $12.9b $16.4b $17.1b $15.1b $14.8b $14.2b
Depreciation, Depletion and Amortization $2.0b $2.1b $2.2b $2.3b $2.5b $2.9b $3.0b $3.1b $3.3b $3.3b
Depreciation, Depletion and Amortization, Nonproduction $2.0b $2.1b $2.2b $2.3b $2.5b $2.9b $3.0b $3.1b $3.3b $3.3b
Amortization of Intangible Assets — — — — — — — $186.0m $425.0m $607.0m
Depreciation, Nonproduction — $2.0b $2.1b $2.2b $2.4b $2.6b $2.8b $3.0b $3.3b —
Depreciation and amortization, excluding amortization of intangible assets $2.0b $2.1b $2.2b $2.3b $2.5b $2.9b $3.0b $3.2b $3.3b $3.5b
Intangible asset amortization — — — — — — $179.0m $186.0m $425.0m $607.0m
Deferred Income Tax Expense (Benefit) ($113.0m) $110.0m $24.0m $191.0m ($607.0m) ($254.0m) $138.0m ($230.0m) ($39.0m) —
Changes in deferred income taxes ($117.0m) $92.0m $26.0m $202.0m ($569.0m) ($276.0m) $138.0m ($245.0m) $15.0m $418.0m
Share-based Payment Arrangement, Noncash Expense $267.0m $273.0m $282.0m $251.0m $310.0m $399.0m $366.0m $380.0m $442.0m —
Share-based Payment Arrangement, Expense — — — $251.0m $310.0m $403.0m $367.0m $382.0m $444.0m —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 — — —
Impairment of Intangible Assets (Excluding Goodwill) — — $247.0m $0 $0 $0 $0 — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $0 $247.0m $0 — — — — — —
Share-based Payment Arrangement, Expensed and Capitalized, Amount — $273.0m $282.0m — — — — — — —
Gain (Loss) on Disposition of Intangible Assets — $0 ($15.0m) — — — — — — —
Income Tax Expense (Benefit) $4.5b $5.1b $3.4b $3.5b $4.1b $5.3b $5.4b $4.8b $4.6b $4.4b
Interest Expense Nonoperating — — — — — — — $1.9b $2.3b $2.4b
Additional Financial Items
Goodwill $2.1b $2.3b $2.3b $2.3b $7.1b $7.4b $7.4b $8.5b $19.5b $22.3b
Nonoperating Income (Expense) ($936.0m) ($983.0m) ($974.0m) ($1.1b) ($1.3b) ($1.3b) ($1.6b) ($1.8b) ($2.1b) ($2.3b)
Operating Expenses $18.9b $19.7b $21.6b $21.7b $26.6b $27.8b $28.7b $29.3b $31.8b $34.0b
Stock-based compensation expense $267.0m $273.0m $282.0m $251.0m $310.0m $399.0m $366.0m $380.0m $442.0m $522.0m
Changes in receivables, net ($138.0m) $139.0m $33.0m ($170.0m) ($465.0m) ($435.0m) $111.0m $134.0m $174.0m $107.0m
Changes in merchandise inventories ($769.0m) ($84.0m) ($1.2b) ($593.0m) ($1.7b) ($5.4b) ($2.8b) $4.1b ($743.0m) ($1.5b)
Changes in other current assets ($48.0m) ($10.0m) ($257.0m) ($135.0m) $43.0m ($330.0m) ($311.0m) ($184.0m) $86.0m $124.0m
Changes in accounts payable and accrued expenses $446.0m $352.0m $743.0m $68.0m $5.1b $2.4b ($2.6b) ($1.4b) $518.0m ($1.1b)
Changes in deferred revenue $99.0m $128.0m $80.0m $334.0m $702.0m $775.0m ($526.0m) ($318.0m) ($165.0m) ($61.0m)
Changes in income taxes payable $109.0m $29.0m ($42.0m) $44.0m ($149.0m) ($51.0m) ($107.0m) ($25.0m) $809.0m ($698.0m)
Other operating activities $4.0m $420.0m ($103.0m) $184.0m $121.0m $196.0m $271.0m $314.0m $107.0m $192.0m
Stock Issued — — — — — — $0 $0 $321.0m $0
Net Cash Provided by (Used in) Operating Activities $9.8b $12.0b $13.0b $13.7b $18.8b $16.6b $14.6b $21.2b $19.8b $16.3b
Cash flows from investing activities:
Capital expenditures ($1.6b) ($1.9b) ($2.4b) ($2.7b) ($2.5b) ($2.6b) ($3.1b) ($3.2b) ($3.5b) ($3.7b)
Non-cash capital expenditures $179.0m $150.0m $248.0m $136.0m $274.0m $421.0m $351.0m $364.0m $250.0m $272.0m
Payments to Acquire Businesses, Net of Cash Acquired $0 $374.0m $21.0m $0 $7.8b $421.0m $0 $1.5b $17.6b —
Payments for businesses acquired, net $0 ($374.0m) ($21.0m) $0 ($7.8b) ($421.0m) $0 ($1.5b) ($17.6b) ($5.4b)
Payments for (Proceeds from) Other Investing Activities $0 $4.0m ($14.0m) ($25.0m) ($73.0m) ($18.0m) $21.0m ($11.0m) ($98.0m) —
Other investing activities $0 ($4.0m) $14.0m ($12.0m) $73.0m $18.0m ($21.0m) $11.0m $98.0m $109.0m
Net Cash Provided by (Used in) Investing Activities ($1.6b) ($2.2b) ($2.4b) ($2.7b) ($10.2b) ($3.0b) ($3.1b) ($4.7b) ($21.0b) ($9.0b)
Cash flows from financing activities:
Proceeds from short-term debt, net $360.0m $850.0m ($220.0m) ($365.0m) ($974.0m) $1.0b ($1.0b) $0 $316.0m $4.1b
Proceeds from long-term debt, net of discounts $5.0b $3.0b $3.5b $3.4b $7.9b $3.0b $6.9b $2.0b $10.0b $2.2b
Repayments of long-term debt ($3.0b) ($543.0m) ($1.2b) ($1.1b) ($2.9b) ($1.5b) ($2.5b) ($1.3b) ($1.5b) ($5.0b)
Proceeds from Issuance of Common Stock $218.0m $255.0m $236.0m $280.0m $326.0m $337.0m $264.0m $323.0m $395.0m —
Proceeds from sales of common stock $218.0m $255.0m $236.0m $280.0m $326.0m $337.0m $264.0m $323.0m $395.0m $314.0m
Payments for Repurchase of Common Stock $6.9b $8.0b $10.0b $7.0b $791.0m $14.8b $6.7b $8.0b $649.0m —
Payments of Ordinary Dividends, Common Stock $3k $4k $5k $6k $6k $7k $8k $8k $9k —
Repurchases of common stock ($6.9b) ($8.0b) ($10.0b) ($7.0b) ($791.0m) ($14.8b) ($6.7b) ($8.0b) ($649.0m) $0
Payments of Dividends $3k $4k $5k $6k $6k $7k $8k $8k $9k —
Cash dividends ($3k) ($4k) ($5k) ($6k) ($6k) ($7k) ($8k) ($8k) ($9k) ($9k)
Proceeds from (Payments for) Other Financing Activities ($78.0m) ($211.0m) ($26.0m) ($140.0m) ($154.0m) ($145.0m) ($188.0m) ($156.0m) ($301.0m) —
Other financing activities ($78.0m) ($211.0m) ($26.0m) ($176.0m) ($154.0m) ($145.0m) ($188.0m) ($156.0m) ($301.0m) ($145.0m)
Net Cash Provided by (Used in) Financing Activities ($7.9b) ($8.9b) ($12.4b) ($10.8b) ($3.0b) ($19.1b) ($11.0b) ($15.4b) ($694.0m) ($7.7b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $119.0m $76.0m ($34.0m) ($68.0m) $3.0m ($186.0m) —
Effect of exchange rate changes on cash and cash equivalents ($8.0m) $124.0m ($19.0m) $119.0m $76.0m ($34.0m) ($68.0m) $3.0m ($186.0m) $99.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $2.1b $7.9b $2.3b $2.8b $3.8b $1.7b —
Change in cash and cash equivalents $330.0m $933.0m ($1.8b) $236.0m $5.7b ($5.5b) $482.0m $1.0b ($1.9b) ($369.0m)
Cash and cash equivalents at beginning of year $2.2b $2.5b $3.6b $1.8b $7.9b $2.3b $2.8b $3.8b $1.7b $1.4b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $924.0m $991.0m $1.0b $1.1b $1.2b $1.3b $1.4b $1.8b $2.2b $2.4b
Income Taxes Paid, Net — — — — — — — — $3.7b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.