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: 2012 | |||
Consolidated Statements of Earnings | |||
Period Ending Feb 1, 2013 10-K (Filed: Apr 2, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 1, 2013 | Feb 3, 2012 | Jan 28, 2011 | |
| Net sales | $ 50,521 | 50,208 | 48,815 |
| Cost of sales | 33,194 | 32,858 | 31,663 |
| Gross margin | 17,327 | 17,350 | 17,152 |
| Expenses: | |||
| Selling, general and administrative | 12,244 | 12,593 | 12,006 |
| Depreciation | 1,523 | 1,480 | 1,586 |
| Interest - net | 423 | 371 | 332 |
| Total expenses | 14,190 | 14,444 | 13,924 |
| Pre-tax earnings | 3,137 | 2,906 | 3,228 |
| Income tax provision | 1,178 | 1,067 | 1,218 |
| Net earnings | 1,959 | 1,839 | 2,010 |
| Basic earnings per common share | 1.69 | 1.43 | 1.42 |
| Diluted earnings per common share | 1.69 | 1.43 | 1.42 |
| Cash dividends per share | 0.62 | 0.53 | 0.42 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Feb 1, 2013 10-K (Filed: Apr 2, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 1, 2013 | Feb 3, 2012 | Jan 28, 2011 | |
| Net earnings | $ 1,959 | 1,839 | 2,010 |
| Foreign currency translation adjustments - net of tax | 6 | (8) | 28 |
| Net unrealized investment gains/(losses) - net of tax | 0 | 1 | (2) |
| Other comprehensive income/(loss) | 6 | (7) | 26 |
| Comprehensive income | 1,965 | 1,832 | 2,036 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Feb 1, 2013 10-K (Filed: Apr 2, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 1, 2013 | Feb 3, 2012 | Jan 28, 2011 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 1,959 | 1,839 | 2,010 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,623 | 1,579 | 1,684 |
| Deferred income taxes | (140) | 54 | (133) |
| Loss on property and other assets - net | 83 | 456 | 103 |
| Loss on equity method investments | 48 | 12 | 4 |
| Share-based payment expense | 100 | 107 | 115 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | (244) | (33) | (64) |
| Other operating assets | (87) | 125 | (146) |
| Accounts payable | 303 | (5) | 60 |
| Other operating liabilities | 117 | 215 | 219 |
| Net cash provided by operating activities | 3,762 | 4,349 | 3,852 |
| Cash flows from investing activities: | |||
| Purchases of investments | (1,444) | (1,433) | (2,605) |
| Proceeds from sale/maturity of investments | 1,837 | 2,120 | 1,822 |
| Capital expenditures | (1,211) | (1,829) | (1,329) |
| Contributions to equity method investments - net | (219) | (232) | (83) |
| Proceeds from sale of property and other long-term assets | 130 | 52 | 25 |
| Other - net | 4 | (115) | (14) |
| Net cash used in investing activities | (903) | (1,437) | (2,184) |
| Cash flows from financing activities: | |||
| Net proceeds from issuance of long-term debt | 1,984 | 993 | 1,985 |
| Repayment of long-term debt | (591) | (37) | (552) |
| Proceeds from issuance of common stock under share-based payment plans | 349 | 100 | 104 |
| Cash dividend payments | (704) | (647) | (571) |
| Repurchase of common stock | (4,393) | (2,937) | (2,618) |
| Other - net | 22 | (21) | 1 |
| Net cash used in financing activities | (3,333) | (2,549) | (1,651) |
| Effect of exchange rate changes on cash | 1 | (1) | 3 |
| Net (decrease)/increase in cash and cash equivalents | (473) | 362 | 20 |
| Cash and cash equivalents, beginning of year | 1,014 | 652 | |
| Cash and cash equivalents, end of year | 541 | 1,014 | 652 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Feb 1, 2013 10-K (Filed: Apr 2, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Feb 1, 2013 | Feb 3, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 541 | 1,014 |
| Short-term investments | 125 | 286 |
| Merchandise inventory - net | 8,600 | 8,355 |
| Deferred income taxes - net | 217 | 183 |
| Other current assets | 301 | 234 |
| Total current assets | 9,784 | 10,072 |
| Property, less accumulated depreciation | 21,477 | 21,970 |
| Long-term investments | 271 | 504 |
| Other assets | 1,134 | 1,013 |
| Total assets | 32,666 | 33,559 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 47 | 592 |
| Accounts payable | 4,657 | 4,352 |
| Accrued compensation and employee benefits | 670 | 613 |
| Deferred revenue | 824 | 801 |
| Other current liabilities | 1,510 | 1,533 |
| Total current liabilities | 7,708 | 7,891 |
| Long-term debt, excluding current maturities | 9,030 | 7,035 |
| Deferred income taxes - net | 455 | 531 |
| Deferred revenue - extended protection plans | 715 | 704 |
| Other liabilities | 901 | 865 |
| Total liabilities | 18,809 | 17,026 |
| Commitments and Contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 1,110 at February 1, 2013 and 1,241 at February 3, 2012, respectively | 555 | 621 |
| Capital in excess of par value | 26 | 14 |
| Retained earnings | 13,224 | 15,852 |
| Accumulated other comprehensive income | 52 | 46 |
| Total shareholders' equity | 13,857 | 16,533 |
| Total liabilities and shareholders' equity | 32,666 | 33,559 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2012 | |
| 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 |