The Home Depot Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 1, 2026	Feb '25 Feb 2, 2025	Jan '24 Jan 28, 2024	Jan '23 Jan 29, 2023	Jan '22 Jan 30, 2022
Net Income	14,156	14,806	15,143	17,105	16,433
Depreciation & Amortization	4,121	3,761	3,247	2,975	2,862
Stock-Based Compensation	522	442	380	366	399
Other Operating Activities	192	107	314	271	196
Change in Accounts Receivable	-	174	134	111	-435
Change in Inventory	-	-743	4,137	-2,830	-5,403
Change in Accounts Payable	-	518	-1,411	-2,577	2,401
Change in Unearned Revenue	-	-165	-318	-526	775
Change in Income Taxes	-	809	-25	-107	-51
Change in Other Net Operating Assets	-3,084	86	-184	-311	-330
Operating Cash Flow	16,325	19,810	21,172	14,615	16,571
Operating Cash Flow Growth	-17.59%	-6.43%	44.87%	-11.80%	-12.04%
Capital Expenditures	-3,679	-3,485	-3,226	-3,119	-2,566
Cash Acquisitions	-5,410	-17,644	-1,514	-	-421
Other Investing Activities	109	98	11	-21	18
Investing Cash Flow	-8,980	-21,031	-4,729	-3,140	-2,969
Short-Term Debt Issued	4,148	316	-	-	1,035
Long-Term Debt Issued	2,161	10,010	1,995	6,942	2,979
Total Debt Issued	6,309	10,326	1,995	6,942	4,014
Short-Term Debt Repaid	-	-	-	-1,035	-
Long-Term Debt Repaid	-5,040	-1,536	-1,271	-2,491	-1,532
Total Debt Repaid	-5,040	-1,536	-1,271	-3,526	-1,532
Net Debt Issued (Repaid)	1,269	8,790	724	3,416	2,482
Issuance of Common Stock	314	395	323	264	337
Repurchase of Common Stock	-	-649	-7,951	-6,696	-14,809
Common Dividends Paid	-9,152	-8,929	-8,383	-7,789	-6,985
Other Financing Activities	-145	-301	-156	-188	-145
Financing Cash Flow	-7,714	-694	-15,443	-10,993	-19,120
Foreign Exchange Rate Adjustments	99	-186	3	-68	-34
Net Cash Flow	-270	-2,101	1,003	414	-5,552
Free Cash Flow	12,646	16,325	17,946	11,496	14,005
Free Cash Flow Growth	-22.54%	-9.03%	56.11%	-17.91%	-14.48%
Free Cash Flow Margin	7.68%	10.23%	11.76%	7.30%	9.26%
Free Cash Flow Per Share	12.71	16.44	17.91	11.22	13.24
Cash Interest Paid	-	2,199	1,809	1,449	1,269
Cash Income Tax Paid	-	3,653	5,023	5,435	5,504
Levered Free Cash Flow	8,621	11,606	15,106	7,788	11,582
Unlevered Free Cash Flow	10,128	13,057	16,321	8,798	12,424
Change in Working Capital	-2,666	694	2,088	-6,102	-3,319

Source: S&P Global Market Intelligence. Standard template. Financial Sources.