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: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Feb 2, 2018 10-K (Filed: Apr 2, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 2, 2018 | Feb 3, 2017 | Jan 29, 2016 | |
| Consolidated Statements of Earnings | |||
| Net sales | $ 68,619 | 65,017 | 59,074 |
| Cost of sales | 45,210 | 42,553 | 38,504 |
| Gross margin | 23,409 | 22,464 | 20,570 |
| Selling, general and administrative | 15,376 | 15,129 | 14,105 |
| Depreciation and amortization | 1,447 | 1,489 | 1,494 |
| Operating income | 6,586 | 5,846 | 4,971 |
| Interest - net | 633 | 645 | 552 |
| Loss on extinguishment of debt | 464 | 0 | 0 |
| Pre-tax earnings | 5,489 | 5,201 | 4,419 |
| Income tax provision | 2,042 | 2,108 | 1,873 |
| Net earnings | 3,447 | 3,093 | 2,546 |
| Basic earnings per common share | 4.09 | 3.48 | 2.73 |
| Diluted earnings per common share | 4.09 | 3.47 | 2.73 |
| Cash dividends per share | 1.58 | 1.33 | 1.07 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Feb 2, 2018 10-K (Filed: Apr 2, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 2, 2018 | Feb 3, 2017 | Jan 29, 2016 | |
| Consolidated Statements of Comprehensive Income | |||
| Net earnings | $ 3,447 | 3,093 | 2,546 |
| Foreign currency translation adjustments - net of tax | 251 | 154 | (291) |
| Other comprehensive income/(loss) | 251 | 154 | (291) |
| Comprehensive income | 3,698 | 3,247 | 2,255 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Feb 2, 2018 10-K (Filed: Apr 2, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 2, 2018 | Feb 3, 2017 | Jan 29, 2016 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 3,447 | 3,093 | 2,546 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,540 | 1,590 | 1,587 |
| Deferred income taxes | 53 | 28 | (68) |
| Loss on property and other assets - net | 40 | 143 | 30 |
| Loss on extinguishment of debt | 464 | 0 | 0 |
| (Gain) loss on cost method and equity method investments | (82) | 302 | 594 |
| Share-based payment expense | 99 | 90 | 117 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory - net | (791) | (178) | (582) |
| Other operating assets | 250 | (183) | (34) |
| Accounts payable | (92) | 653 | 524 |
| Other operating liabilities | 137 | 79 | 70 |
| Net cash provided by operating activities | 5,065 | 5,617 | 4,784 |
| Cash flows from investing activities: | |||
| Purchases of investments | (981) | (1,192) | (934) |
| Proceeds from sale/maturity of investments | 1,114 | 1,254 | 884 |
| Capital expenditures | (1,123) | (1,167) | (1,197) |
| Contributions to equity method investments - net | 0 | 0 | (125) |
| Proceeds from sale of property and other long-term assets | 45 | 37 | 57 |
| Purchases of derivative instruments | 0 | (103) | 0 |
| Proceeds from settlement of derivative instruments | 0 | 179 | 0 |
| Acquisition of business - net | (509) | (2,356) | 0 |
| Other - net | 13 | (13) | (28) |
| Net cash used in investing activities | (1,441) | (3,361) | (1,343) |
| Cash flows from financing activities: | |||
| Net change in short-term borrowings | 625 | 466 | 43 |
| Net proceeds from issuance of long-term debt | 2,968 | 3,267 | 1,718 |
| Repayment of long-term debt | (2,849) | (1,173) | (552) |
| Proceeds from issuance of common stock under share-based payment plans | 139 | 139 | 125 |
| Cash dividend payments | (1,288) | (1,121) | (957) |
| Repurchase of common stock | (3,192) | (3,595) | (3,925) |
| Other - net | (10) | (75) | 55 |
| Net cash used in financing activities | (3,607) | (2,092) | (3,493) |
| Effect of exchange rate changes on cash | 13 | (11) | (9) |
| Net increase/(decrease) in cash and cash equivalents | 30 | 153 | (61) |
| Cash and cash equivalents, beginning of year | 558 | 405 | |
| Cash and cash equivalents, end of year | 588 | 558 | 405 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Feb 2, 2018 10-K (Filed: Apr 2, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Feb 2, 2018 | Feb 3, 2017 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 588 | 558 |
| Short-term investments | 102 | 100 |
| Merchandise inventory - net | 11,393 | 10,458 |
| Other current assets | 689 | 884 |
| Total current assets | 12,772 | 12,000 |
| Property, less accumulated depreciation | 19,721 | 19,949 |
| Long-term investments | 408 | 366 |
| Deferred income taxes - net | 168 | 222 |
| Goodwill | 1,307 | 1,082 |
| Other assets | 915 | 789 |
| Total assets | 35,291 | 34,408 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Short-term borrowings | 1,137 | 510 |
| Current maturities of long-term debt | 294 | 795 |
| Accounts payable | 6,590 | 6,651 |
| Accrued compensation and employee benefits | 747 | 790 |
| Deferred revenue | 1,378 | 1,253 |
| Other current liabilities | 1,950 | 1,975 |
| Total current liabilities | 12,096 | 11,974 |
| Long-term debt, excluding current maturities | 15,564 | 14,394 |
| Deferred revenue - extended protection plans | 803 | 763 |
| Other liabilities | 955 | 843 |
| Total liabilities | 29,418 | 27,974 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 830 at February 2, 2018 and 866 at February 3, 2017, respectively | 415 | 433 |
| Capital in excess of par value | 22 | 0 |
| Retained earnings | 5,425 | 6,241 |
| Accumulated other comprehensive income/(loss) | 11 | (240) |
| Total shareholders' equity | 5,873 | 6,434 |
| Total liabilities and shareholders' equity | 35,291 | 34,408 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2017 | |
| 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 |