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: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 29, 2016 10-K (Filed: Mar 29, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2016 | Jan 30, 2015 | Jan 31, 2014 | |
| Consolidated Statements of Earnings | |||
| Net sales | $ 59,074 | 56,223 | 53,417 |
| Cost of sales | 38,504 | 36,665 | 34,941 |
| Gross margin | 20,570 | 19,558 | 18,476 |
| Expenses: | |||
| Selling, general and administrative | 14,115 | 13,281 | 12,865 |
| Depreciation | 1,484 | 1,485 | 1,462 |
| Interest - net | 552 | 516 | 476 |
| Total expenses | 16,151 | 15,282 | 14,803 |
| Pre-tax earnings | 4,419 | 4,276 | 3,673 |
| Income tax provision | 1,873 | 1,578 | 1,387 |
| Net earnings | 2,546 | 2,698 | 2,286 |
| Basic earnings per common share | 2.73 | 2.71 | 2.14 |
| Diluted earnings per common share | 2.73 | 2.71 | 2.14 |
| Cash dividends per share | 1.07 | 0.87 | 0.70 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 29, 2016 10-K (Filed: Mar 29, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2016 | Jan 30, 2015 | Jan 31, 2014 | |
| Comprehensive Income | |||
| Net earnings | $ 2,546 | 2,698 | 2,286 |
| Foreign currency translation adjustments - net of tax | (291) | (86) | (68) |
| Net unrealized investment losses - net of tax | 0 | 0 | (1) |
| Other comprehensive loss | (291) | (86) | (69) |
| Comprehensive income | 2,255 | 2,612 | 2,217 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 29, 2016 10-K (Filed: Mar 29, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2016 | Jan 30, 2015 | Jan 31, 2014 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,546 | 2,698 | 2,286 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,587 | 1,586 | 1,562 |
| Deferred income taxes | (68) | (124) | (162) |
| Loss on property and other assets - net | 33 | 25 | 64 |
| Loss on equity method investments | 591 | 57 | 52 |
| Share-based payment expense | 117 | 119 | 100 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | (582) | 170 | (396) |
| Other operating assets | (34) | 83 | (5) |
| Accounts payable | 524 | 127 | 291 |
| Other operating liabilities | 70 | 188 | 319 |
| Net cash provided by operating activities | 4,784 | 4,929 | 4,111 |
| Cash flows from investing activities: | |||
| Purchases of investments | (934) | (820) | (759) |
| Proceeds from sale/maturity of investments | 884 | 805 | 709 |
| Capital expenditures | (1,197) | (880) | (940) |
| Contributions to equity method investments - net | (125) | (241) | (173) |
| Proceeds from sale of property and other long-term assets | 57 | 52 | 75 |
| Acquisition of business - net | 0 | 0 | (203) |
| Other - net | (28) | (4) | 5 |
| Net cash used in investing activities | (1,343) | (1,088) | (1,286) |
| Cash flows from financing activities: | |||
| Net change in short-term borrowings | 43 | (386) | 386 |
| Net proceeds from issuance of long-term debt | 1,718 | 1,239 | 985 |
| Repayment of long-term debt | (552) | (48) | (47) |
| Proceeds from issuance of common stock under share-based payment plans | 125 | 137 | 165 |
| Cash dividend payments | (957) | (822) | (733) |
| Repurchase of common stock | (3,925) | (3,905) | (3,710) |
| Other - net | 55 | 24 | (15) |
| Net cash used in financing activities | (3,493) | (3,761) | (2,969) |
| Effect of exchange rate changes on cash | (9) | (5) | (6) |
| Net increase/(decrease) in cash and cash equivalents | (61) | 75 | (150) |
| Cash and cash equivalents, beginning of year | 466 | 391 | |
| Cash and cash equivalents, end of year | 405 | 466 | 391 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 29, 2016 10-K (Filed: Mar 29, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 29, 2016 | Jan 30, 2015 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 405 | 466 |
| Short-term investments | 307 | 125 |
| Merchandise inventory - net | 9,458 | 8,911 |
| Other current assets | 391 | 349 |
| Total current assets | 10,561 | 9,851 |
| Property, less accumulated depreciation | 19,577 | 20,034 |
| Long-term investments | 222 | 354 |
| Deferred income taxes - net | 241 | 133 |
| Other assets | 665 | 1,349 |
| Total assets | 31,266 | 31,721 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Short-term borrowings | 43 | 0 |
| Current maturities of long-term debt | 1,061 | 552 |
| Accounts payable | 5,633 | 5,124 |
| Accrued compensation and employee benefits | 820 | 773 |
| Deferred revenue | 1,078 | 979 |
| Other current liabilities | 1,857 | 1,920 |
| Total current liabilities | 10,492 | 9,348 |
| Long-term debt, excluding current maturities | 11,545 | 10,806 |
| Deferred revenue - extended protection plans | 729 | 730 |
| Other liabilities | 846 | 869 |
| Total liabilities | 23,612 | 21,753 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 910 at January 29, 2016 and 960 at January 30, 2015, respectively | 455 | 480 |
| Capital in excess of par value | 0 | 0 |
| Retained earnings | 7,593 | 9,591 |
| Accumulated other comprehensive loss | (394) | (103) |
| Total shareholders' equity | 7,654 | 9,968 |
| Total liabilities and shareholders' equity | 31,266 | 31,721 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2015 | |
| 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 |