Net Cash Provided by Investing Activities 10000 10000 10000 10000 CASH FLOWS

Net cash provided by investing activities 10000 10000

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     Net Cash Provided by Investing Activities 100.00 % 100.00% 100.00% 100.00% CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Short-Term Borrowings, net 47.07% -16.30% 443.35% -51.49% Proceeds from Long-Term Borrowing, net of discount 0.00% 0.00% -4401.48% -56.92% Repayments of Long-Term Debt 8.51% 0.19% 250.74% 1.37% Repurchases of Common Stock 1.90% 101.65% 3292.61% 173.91% Proceeds from Sale of Common Stock -2.28% -2.59% -187.68% -23.68% Cash Dividends Paid to Shareholders 41.33% 16.06% 687.19% 49.03% Other Financing Activities 3.48% 0.99% 15.27% 7.78%      Net Cash Used in Financing Activities 100.00 % 100.00%   100.00%   100.00%
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Increase (Decrease) in Cash & Cash Equivalents 22.93% -34.61%   -31.50%   36.07% Effect of Exchange Rate Changes on Cash  & Cash Equivalents -8.67% -0.22% -0.67% 0.13% Cash & Cash Equivalents at Beginning of Year 85.74% 134.83% 132.17% 63.81% Cash & Cash Equivalents at End of Year 100.00 % 100.00%   100.00%   100.00%
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Trend Analysis The trend (horizontal) income statement analysis below, once again highlights the reduction in net sales and subsequently, the profitability of Home Depot during 2008. Taking a look at the Stockholders’ Equity section of balance sheet analysis on the next page, illustrates the success of the company’s ongoing debt reduction effort, reducing the level of both, its short and long-term debt to a three-year low. The horizontal cash flow trend analysis that follows, while again vividly displaying the operational reduction in cash, does serve to substantiate the fact that the company significantly increased the ratio of its capital expenditures, thereby keeping its promise to upgrade its equipment and facilities for the betterment of the organization, its employees, and its customers. THE HOME DEPOT, INC. CONSOLIDATED INCOME STATEMENT Horizontal Income Statement Analysis  (2005 Base Year) 2008 2007 2006 2005 NET SALES -12.54% -5.11% -3.05% 0.00 % Cost of Sales -12.72% -5.24% -3.16% 0.00 %      GROSS PROFIT -12.19% -4.84% -2.83% 0.00 % Operating Expenses:      Selling, General & Administrative 8.26% 3.45% -2.30% 0.00 %      Depreciation & Amortization 21.26% 15.63% 6.93% 0.00 %           Total Operating Expenses 9.32% 4.44% -1.54% 0.00 %      OPERATING INCOME -53.44% -22.65% -5.31% 0.00 % Interest & Other (Income) Expense:      Interest & Investment Income -129.03% - 219.35% - 143.55% 0.00 %      Interest Expense -536.36% - - 0.00
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586.71% 373.43% %           Interest & Other, Net -1049.38% - 867.90% - 549.38% 0.00 %      EBIT -61.32% -28.68% -8.40% 0.00 % Provision for Income Taxes -62.89% -30.02% -6.04% 0.00 %      EARNINGS FROM CONTINUING OPERATIONS -60.40% -27.89% -9.80% 0.00 %      NET EARNINGS -61.29% -24.72% -1.32% 0.00 %
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THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS Horizontal Balance Sheet Analysis  (2005 Base Year) 2008 2007 2006 2005 ASSETS Current Assets: Cash and Cash Equivalents -34.55% -43.88% -24.34% 0.00 % Short-term Investments -57.14% -14.29% 0.00% 0.00 % Receivables -59.43% -47.45% 34.52% 0.00 % Merchandise Inventories -6.39% 2.89% 12.46% 0.00 % Other Current Assets 79.25% 84.51% 101.65% 0.00 %    Total Current Assets -12.49% -3.90% 17.89% 0.00 % Property and Equipment 5.35% 10.34% 6.84% 0.00 % Notes Receivable -89.66% -1.72% -1.44% 0.00 % Goodwill -65.49% -63.21% 92.15% 0.00 % Other Assets -33.78% 3.66% 66.56% 0.00 %     Total Assets -7.30% -0.18% 17.70% 0.00 % LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term Debt -100.00% 94.11% -100.00% 0.00 % Accounts Payable -20.06% -4.97% 21.95% 0.00 % Accrued Salaries and Related Expenses 5.71% 2.43% 22.38% 0.00 % Sales Taxes Payable -30.94% -8.81% -2.66% 0.00 % Deferred Revenue -33.69% -16.11% -7.00% 0.00 % Income Taxes Payable -25.52% -84.54% -44.07% 0.00 % Current Installments of Long-term Debt 244.44% -41.52% -96.49% 0.00 %
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Other Accrued Expenses 5.38% 18.85% 23.33% 0.00 %      Total Current Liabilities -12.22% 0.00% 1.77% 0.00 % Long-Term Debt 261.79% 326.01% 335.74% 0.00 % Other Long-term Liabilities 87.54% 56.40%
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  • Ratio, Financial Ratio

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