“This year was one of significant growth," said Carol Tome, Executive VP & CFO.
"In 2005, we maintained our disciplined approach to capital allocation, investing $3.9 billion back into our business, spending $2.5 billion to acquire 21 companies and returning nearly $3.9 billion to shareholders in the form of dividends and share repurchases," he added.
At the end of fiscal 2005, The Home Depot reported total assets of $44 billion; total stockholders' equity of $27 billion; and a return on invested capital of 22.4 percent, up 90 basis points from the prior year.
In 2005, the company opened 20 net new stores in Canada and 10 net new stores in Mexico. As of year-end, approx. 9.4 percent of the company's store base was located outside of the US. The company maintains its leadership position as the No. 1 home improvement retailer in Canada, Mexico and the United States.
In 2005, The Home Depot continued to expand its market through continued growth in Home Depot Supply, which represents approx. 5 percent of the company's sales. Home Depot Supply experienced triple-digit growth for fiscal 2005, strengthening its position in the Maintenance, Repair and Operations (MRO), Builder, and Professional Supply platforms.
The Home Depot is the world's largest home improvement specialty retailer and the second largest retailer in the United States. At the end of fiscal year 2005,the company employed approx. 345,000 associates in 2,042 stores in all 50 states, the District of Columbia, Puerto Rico, 10 Canadian provinces and Mexico.
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