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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 31, 2020 10-K (Filed: Mar 23, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2020 | Feb 1, 2019 | Feb 2, 2018 | |
| Net sales | $ 72,148 | 71,309 | 68,619 |
| Cost of sales | 49,205 | 48,401 | 46,185 |
| Gross margin | 22,943 | 22,908 | 22,434 |
| Expenses: | |||
| Selling, general and administrative | 15,367 | 17,413 | 14,444 |
| Depreciation and amortization | 1,262 | 1,477 | 1,404 |
| Operating income | 6,314 | 4,018 | 6,586 |
| Interest - net | 691 | 624 | 633 |
| Loss on extinguishment of debt | 0 | 0 | 464 |
| Pre-tax earnings | 5,623 | 3,394 | 5,489 |
| Income tax provision | 1,342 | 1,080 | 2,042 |
| Net earnings | 4,281 | 2,314 | 3,447 |
| Basic earnings per common share (in dollars per share) | 5.49 | 2.84 | 4.09 |
| Diluted earnings per common share (in dollars per share) | 5.49 | 2.84 | 4.09 |
| Cash dividends per share (in dollars per share) | 2.13 | 1.85 | 1.58 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 31, 2020 10-K (Filed: Mar 23, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2020 | Feb 1, 2019 | Feb 2, 2018 | |
| Net earnings | $ 4,281 | 2,314 | 3,447 |
| Foreign currency translation adjustments - net of tax | 94 | (221) | 251 |
| Other | (21) | 1 | 0 |
| Other comprehensive income/(loss) | 73 | (220) | 251 |
| Comprehensive income | 4,354 | 2,094 | 3,698 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2020 10-K (Filed: Mar 23, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2020 | Feb 1, 2019 | Feb 2, 2018 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 4,281 | 2,314 | 3,447 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,410 | 1,607 | 1,540 |
| Noncash lease expense | 468 | 0 | 0 |
| Deferred income taxes | 177 | (151) | 53 |
| Loss on property and other assets - net | 117 | 630 | 40 |
| Impairment of goodwill | 0 | 952 | 0 |
| Loss on extinguishment of debt | 0 | 0 | 464 |
| Loss/(gain) on cost method and equity method investments | 12 | 9 | (82) |
| Share-based payment expense | 98 | 74 | 99 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory net | (600) | (1,289) | (791) |
| Other operating assets | (376) | (110) | 250 |
| Accounts payable | (637) | 1,720 | (92) |
| Other operating liabilities | (654) | 437 | 137 |
| Net cash provided by operating activities | 4,296 | 6,193 | 5,065 |
| Cash flows from investing activities: | |||
| Purchases of investments | (743) | (1,373) | (981) |
| Proceeds from sale/maturity of investments | 695 | 1,393 | 1,114 |
| Capital expenditures | (1,484) | (1,174) | (1,123) |
| Proceeds from sale of property and other long-term assets | 163 | 76 | 45 |
| Acquisition of business - net | 0 | 0 | (509) |
| Other net | 0 | (2) | 13 |
| Net cash used in investing activities | (1,369) | (1,080) | (1,441) |
| Cash flows from financing activities: | |||
| Net change in commercial paper | 220 | (415) | 625 |
| Net proceeds from issuance of debt | 3,972 | 0 | 2,968 |
| Repayment of long-term debt | (1,113) | (326) | (2,849) |
| Proceeds from issuance of common stock under share-based payment plans | 118 | 114 | 139 |
| Cash dividend payments | (1,618) | (1,455) | (1,288) |
| Repurchase of common stock | (4,313) | (3,037) | (3,192) |
| Other net | (1) | (5) | (10) |
| Net cash used in financing activities | (2,735) | (5,124) | (3,607) |
| Effect of exchange rate changes on cash | 1 | (12) | 13 |
| Net increase/(decrease) in cash and cash equivalents, including cash classified within current assets held for sale | 193 | (23) | 30 |
| Less: Net increase/(decrease) in cash classified within current assets held for sale | 12 | (54) | 0 |
| Net increase/(decrease) in cash and cash equivalents | 205 | (77) | 30 |
| Cash and cash equivalents, beginning of year | 511 | 588 | |
| Cash and cash equivalents, end of year | 716 | 511 | 588 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2020 10-K (Filed: Mar 23, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2020 | Feb 1, 2019 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 716 | 511 |
| Short-term investments | 160 | 218 |
| Merchandise inventory - net | 13,179 | 12,561 |
| Other current assets | 1,263 | 938 |
| Total current assets | 15,318 | 14,228 |
| Property, less accumulated depreciation | 18,669 | 18,432 |
| Operating lease right-of-use assets | 3,891 | |
| Long-term investments | 372 | 256 |
| Deferred income taxes - net | 216 | 294 |
| Goodwill | 303 | 303 |
| Other assets | 702 | 995 |
| Total assets | 39,471 | 34,508 |
| Liabilities and shareholders equity | ||
| Current liabilities: | ||
| Short-term borrowings | 1,941 | 722 |
| Current maturities of long-term debt | 597 | 1,110 |
| Current operating lease liabilities | 501 | |
| Accounts payable | 7,659 | 8,279 |
| Accrued compensation and employee benefits | 684 | 662 |
| Deferred revenue | 1,219 | 1,299 |
| Other current liabilities | 2,581 | 2,425 |
| Total current liabilities | 15,182 | 14,497 |
| Long-term debt, excluding current maturities | 16,768 | 14,391 |
| Noncurrent operating lease liabilities | 3,943 | |
| Deferred revenue - extended protection plans | 894 | 827 |
| Other liabilities | 712 | 1,149 |
| Total liabilities | 37,499 | 30,864 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Preferred stock - $5 par value, none issued | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 763 at January 31, 2020 and 801 at February 1, 2019, respectively | 381 | 401 |
| Capital in excess of par value | 0 | 0 |
| Retained earnings | 1,727 | 3,452 |
| Accumulated other comprehensive loss | (136) | (209) |
| Total shareholders equity | 1,972 | 3,644 |
| Total liabilities and shareholders equity | 39,471 | 34,508 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2019 | |
| 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 |