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: 2011 | |||
Consolidated Statements of Earnings | |||
Period Ending Feb 3, 2012 10-K/A (Amendment Filed: Apr 10, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 3, 2012 | Jan 28, 2011 | Jan 29, 2010 | |
| Net sales | $ 50,208 | 48,815 | 47,220 |
| Cost of sales | 32,858 | 31,663 | 30,757 |
| Gross margin | 17,350 | 17,152 | 16,463 |
| Expenses: | |||
| Selling, general and administrative | 12,593 | 12,006 | 11,737 |
| Depreciation | 1,480 | 1,586 | 1,614 |
| Interest - net | 371 | 332 | 287 |
| Total expenses | 14,444 | 13,924 | 13,638 |
| Pre-tax earnings | 2,906 | 3,228 | 2,825 |
| Income tax provision | 1,067 | 1,218 | 1,042 |
| Net earnings | 1,839 | 2,010 | 1,783 |
| Basic earnings per common share | 1.43 | 1.42 | 1.21 |
| Diluted earnings per common share | 1.43 | 1.42 | 1.21 |
| Cash dividends per share | 0.53 | 0.42 | 0.35 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Feb 3, 2012 10-K/A (Amendment Filed: Apr 10, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 3, 2012 | Jan 28, 2011 | Jan 29, 2010 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 1,839 | 2,010 | 1,783 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,579 | 1,684 | 1,733 |
| Deferred income taxes | 54 | (133) | (123) |
| Loss on property and other assets - net | 456 | 103 | 193 |
| Share-based payment expense | 107 | 115 | 102 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | (33) | (64) | (28) |
| Other operating assets | 137 | (142) | 7 |
| Accounts payable | (5) | 60 | 175 |
| Other operating liabilities | 215 | 219 | 212 |
| Net cash provided by operating activities | 4,349 | 3,852 | 4,054 |
| Cash flows from investing activities: | |||
| Purchases of investments | (1,433) | (2,605) | (1,827) |
| Proceeds from sale/maturity of investments | 2,120 | 1,822 | 1,784 |
| Property acquired | (1,829) | (1,329) | (1,799) |
| Change in equity method investments - net | (232) | (83) | (60) |
| Proceeds from sale of property and other long-term assets | 52 | 25 | 18 |
| Other - net | (115) | (14) | (2) |
| Net cash used in investing activities | (1,437) | (2,184) | (1,886) |
| Cash flows from financing activities: | |||
| Net decrease in short-term borrowings | 0 | 0 | (1,007) |
| Net proceeds from issuance of long-term debt | 993 | 1,985 | 10 |
| Repayment of long-term debt | (37) | (552) | (37) |
| Proceeds from issuance of common stock under share-based payment plans | 100 | 104 | 128 |
| Cash dividend payments | (647) | (571) | (391) |
| Repurchase of common stock | (2,937) | (2,618) | (504) |
| Other - net | (21) | 1 | 0 |
| Net cash used in financing activities | (2,549) | (1,651) | (1,801) |
| Effect of exchange rate changes on cash | (1) | 3 | 20 |
| Net increase in cash and cash equivalents | 362 | 20 | 387 |
| Cash and cash equivalents, beginning of year | 652 | 632 | |
| Cash and cash equivalents, end of year | 1,014 | 652 | 632 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Feb 3, 2012 10-K/A (Amendment Filed: Apr 10, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Feb 3, 2012 | Jan 28, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,014 | 652 |
| Short-term investments | 286 | 471 |
| Merchandise inventory - net | 8,355 | 8,321 |
| Deferred income taxes - net | 183 | 193 |
| Other current assets | 234 | 330 |
| Total current assets | 10,072 | 9,967 |
| Property, less accumulated depreciation | 21,970 | 22,089 |
| Long-term investments | 504 | 1,008 |
| Other assets | 1,013 | 635 |
| Total assets | 33,559 | 33,699 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 592 | 36 |
| Accounts payable | 4,352 | 4,351 |
| Accrued compensation and employee benefits | 613 | 667 |
| Deferred revenue | 801 | 707 |
| Other current liabilities | 1,533 | 1,358 |
| Total current liabilities | 7,891 | 7,119 |
| Long-term debt, excluding current maturities | 7,035 | 6,537 |
| Deferred income taxes - net | 531 | 467 |
| Deferred revenue - extended protection plans | 704 | 631 |
| Other liabilities | 865 | 833 |
| Total liabilities | 17,026 | 15,587 |
| Commitments and Contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 1,241 at February 3, 2012 and 1,354 at January 28, 2011, respectively | 621 | 677 |
| Capital in excess of par value | 14 | 11 |
| Retained earnings | 15,852 | 17,371 |
| Accumulated other comprehensive income | 46 | 53 |
| Total shareholders' equity | 16,533 | 18,112 |
| Total liabilities and shareholders' equity | 33,559 | 33,699 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2011 | |||
Consolidated Statements of Earnings | |||
Period Ending Feb 3, 2012 10-K (Superseded Filed: Apr 2, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 3, 2012 | Jan 28, 2011 | Jan 29, 2010 | |
| Net sales | $ 50,208 | 48,815 | 47,220 |
| Cost of sales | 32,858 | 31,663 | 30,757 |
| Gross margin | 17,350 | 17,152 | 16,463 |
| Expenses: | |||
| Selling, general and administrative | 12,593 | 12,006 | 11,737 |
| Depreciation | 1,480 | 1,586 | 1,614 |
| Interest - net | 371 | 332 | 287 |
| Total expenses | 14,444 | 13,924 | 13,638 |
| Pre-tax earnings | 2,906 | 3,228 | 2,825 |
| Income tax provision | 1,067 | 1,218 | 1,042 |
| Net earnings | 1,839 | 2,010 | 1,783 |
| Basic earnings per common share | 1.43 | 1.42 | 1.21 |
| Diluted earnings per common share | 1.43 | 1.42 | 1.21 |
| Cash dividends per share | 0.53 | 0.42 | 0.35 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Feb 3, 2012 10-K (Superseded Filed: Apr 2, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 3, 2012 | Jan 28, 2011 | Jan 29, 2010 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 1,839 | 2,010 | 1,783 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,579 | 1,684 | 1,733 |
| Deferred income taxes | 54 | (133) | (123) |
| Loss on property and other assets - net | 456 | 103 | 193 |
| Share-based payment expense | 107 | 115 | 102 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | (33) | (64) | (28) |
| Other operating assets | 137 | (142) | 7 |
| Accounts payable | (5) | 60 | 175 |
| Other operating liabilities | 215 | 219 | 212 |
| Net cash provided by operating activities | 4,349 | 3,852 | 4,054 |
| Cash flows from investing activities: | |||
| Purchases of investments | (1,433) | (2,605) | (1,827) |
| Proceeds from sale/maturity of investments | 2,120 | 1,822 | 1,784 |
| Property acquired | (1,829) | (1,329) | (1,799) |
| Change in equity method investments - net | (232) | (83) | (60) |
| Proceeds from sale of property and other long-term assets | 52 | 25 | 18 |
| Other - net | (115) | (14) | (2) |
| Net cash used in investing activities | (1,437) | (2,184) | (1,886) |
| Cash flows from financing activities: | |||
| Net decrease in short-term borrowings | 0 | 0 | (1,007) |
| Net proceeds from issuance of long-term debt | 993 | 1,985 | 10 |
| Repayment of long-term debt | (37) | (552) | (37) |
| Proceeds from issuance of common stock under share-based payment plans | 100 | 104 | 128 |
| Cash dividend payments | (647) | (571) | (391) |
| Repurchase of common stock | (2,937) | (2,618) | (504) |
| Other - net | (21) | 1 | 0 |
| Net cash used in financing activities | (2,549) | (1,651) | (1,801) |
| Effect of exchange rate changes on cash | (1) | 3 | 20 |
| Net increase in cash and cash equivalents | 362 | 20 | 387 |
| Cash and cash equivalents, beginning of year | 652 | 632 | |
| Cash and cash equivalents, end of year | 1,014 | 652 | 632 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Feb 3, 2012 10-K (Superseded Filed: Apr 2, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Feb 3, 2012 | Jan 28, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,014 | 652 |
| Short-term investments | 286 | 471 |
| Merchandise inventory - net | 8,355 | 8,321 |
| Deferred income taxes - net | 183 | 193 |
| Other current assets | 234 | 330 |
| Total current assets | 10,072 | 9,967 |
| Property, less accumulated depreciation | 21,970 | 22,089 |
| Long-term investments | 504 | 1,008 |
| Other assets | 1,013 | 635 |
| Total assets | 33,559 | 33,699 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 592 | 36 |
| Accounts payable | 4,352 | 4,351 |
| Accrued compensation and employee benefits | 613 | 667 |
| Deferred revenue | 801 | 707 |
| Other current liabilities | 1,533 | 1,358 |
| Total current liabilities | 7,891 | 7,119 |
| Long-term debt, excluding current maturities | 7,035 | 6,537 |
| Deferred income taxes - net | 531 | 467 |
| Deferred revenue - extended protection plans | 704 | 631 |
| Other liabilities | 865 | 833 |
| Total liabilities | 17,026 | 15,587 |
| Commitments and Contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 1,241 at February 3, 2012 and 1,354 at January 28, 2011, respectively | 621 | 677 |
| Capital in excess of par value | 14 | 11 |
| Retained earnings | 15,852 | 17,371 |
| Accumulated other comprehensive income | 46 | 53 |
| Total shareholders' equity | 16,533 | 18,112 |
| Total liabilities and shareholders' equity | 33,559 | 33,699 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2011 | |
| 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 |