10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2014 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 30, 2015 10-K (Filed: Mar 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2015 | Jan 31, 2014 | Feb 1, 2013 | |
| Consolidated Statements of Earnings | |||
| Net sales | $ 56,223 | 53,417 | 50,521 |
| Cost of sales | 36,665 | 34,941 | 33,194 |
| Gross margin | 19,558 | 18,476 | 17,327 |
| Expenses: | |||
| Selling, general and administrative | 13,281 | 12,865 | 12,244 |
| Depreciation | 1,485 | 1,462 | 1,523 |
| Interest - net | 516 | 476 | 423 |
| Total expenses | 15,282 | 14,803 | 14,190 |
| Pre-tax earnings | 4,276 | 3,673 | 3,137 |
| Income tax provision | 1,578 | 1,387 | 1,178 |
| Net earnings | 2,698 | 2,286 | 1,959 |
| Basic earnings per common share | 2.71 | 2.14 | 1.69 |
| Diluted earnings per common share | 2.71 | 2.14 | 1.69 |
| Cash dividends per share | 0.87 | 0.70 | 0.62 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 30, 2015 10-K (Filed: Mar 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2015 | Jan 31, 2014 | Feb 1, 2013 | |
| Comprehensive Income | |||
| Net earnings | $ 2,698 | 2,286 | 1,959 |
| Foreign currency translation adjustments - net of tax | (86) | (68) | 6 |
| Net unrealized investment losses - net of tax | 0 | (1) | 0 |
| Other comprehensive income/(loss) | (86) | (69) | 6 |
| Comprehensive income | 2,612 | 2,217 | 1,965 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 30, 2015 10-K (Filed: Mar 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2015 | Jan 31, 2014 | Feb 1, 2013 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,698 | 2,286 | 1,959 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,586 | 1,562 | 1,623 |
| Deferred income taxes | (124) | (162) | (140) |
| Loss on property and other assets - net | 25 | 64 | 83 |
| Loss on equity method investments | 57 | 52 | 48 |
| Share-based payment expense | 119 | 100 | 100 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | 170 | (396) | (244) |
| Other operating assets | 83 | (5) | (87) |
| Accounts payable | 127 | 291 | 303 |
| Other operating liabilities | 188 | 319 | 117 |
| Net cash provided by operating activities | 4,929 | 4,111 | 3,762 |
| Cash flows from investing activities: | |||
| Purchases of investments | (820) | (759) | (1,444) |
| Proceeds from sale/maturity of investments | 805 | 709 | 1,837 |
| Capital expenditures | (880) | (940) | (1,211) |
| Contributions to equity method investments - net | (241) | (173) | (219) |
| Proceeds from sale of property and other long-term assets | 52 | 75 | 130 |
| Acquisition of business - net | 0 | (203) | 0 |
| Other - net | (4) | 5 | 4 |
| Net cash used in investing activities | (1,088) | (1,286) | (903) |
| Cash flows from financing activities: | |||
| Net change in short-term borrowings | (386) | 386 | 0 |
| Net proceeds from issuance of long-term debt | 1,239 | 985 | 1,984 |
| Repayment of long-term debt | (48) | (47) | (591) |
| Proceeds from issuance of common stock under share-based payment plans | 137 | 165 | 349 |
| Cash dividend payments | (822) | (733) | (704) |
| Repurchase of common stock | (3,905) | (3,710) | (4,393) |
| Other - net | 24 | (15) | 22 |
| Net cash used in financing activities | (3,761) | (2,969) | (3,333) |
| Effect of exchange rate changes on cash | (5) | (6) | 1 |
| Net (decrease)/increase in cash and cash equivalents | 75 | (150) | (473) |
| Cash and cash equivalents, beginning of year | 391 | 541 | |
| Cash and cash equivalents, end of year | 466 | 391 | 541 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 30, 2015 10-K (Filed: Mar 31, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 30, 2015 | Jan 31, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 466 | 391 |
| Short-term investments | 125 | 185 |
| Merchandise inventory - net | 8,911 | 9,127 |
| Deferred income taxes - net | 230 | 252 |
| Other current assets | 348 | 341 |
| Total current assets | 10,080 | 10,296 |
| Property, less accumulated depreciation | 20,034 | 20,834 |
| Long-term investments | 354 | 279 |
| Other assets | 1,359 | 1,323 |
| Total assets | 31,827 | 32,732 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Short-term borrowings | 0 | 386 |
| Current maturities of long-term debt | 552 | 49 |
| Accounts payable | 5,124 | 5,008 |
| Accrued compensation and employee benefits | 773 | 785 |
| Deferred revenue | 979 | 892 |
| Other current liabilities | 1,920 | 1,756 |
| Total current liabilities | 9,348 | 8,876 |
| Long-term debt, excluding current maturities | 10,815 | 10,086 |
| Deferred income taxes - net | 97 | 291 |
| Deferred revenue - extended protection plans | 730 | 730 |
| Other liabilities | 869 | 896 |
| Total liabilities | 21,859 | 20,879 |
| Commitments and Contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 960 at January 30, 2015 and 1,030 at January 31, 2014, respectively | 480 | 515 |
| Capital in excess of par value | 0 | 0 |
| Retained earnings | 9,591 | 11,355 |
| Accumulated other comprehensive loss | (103) | (17) |
| Total shareholders' equity | 9,968 | 11,853 |
| Total liabilities and shareholders' equity | 31,827 | 32,732 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |