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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 29, 2021 10-K (Filed: Mar 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
| Net sales | $ 89,597 | 72,148 | 71,309 |
| Cost of sales | 60,025 | 49,205 | 48,401 |
| Gross margin | 29,572 | 22,943 | 22,908 |
| Expenses: | |||
| Selling, general and administrative | 18,526 | 15,367 | 17,413 |
| Depreciation and amortization | 1,399 | 1,262 | 1,477 |
| Operating income | 9,647 | 6,314 | 4,018 |
| Interest net | 848 | 691 | 624 |
| Loss on extinguishment of debt | 1,060 | 0 | 0 |
| Pre-tax earnings | 7,739 | 5,623 | 3,394 |
| Income tax provision | 1,904 | 1,342 | 1,080 |
| Net earnings | 5,835 | 4,281 | 2,314 |
| Basic earnings per common share (in dollars per share) | 7.77 | 5.49 | 2.84 |
| Diluted earnings per common share (in dollars per share) | 7.75 | 5.49 | 2.84 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 29, 2021 10-K (Filed: Mar 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
| Net earnings | $ 5,835 | 4,281 | 2,314 |
| Foreign currency translation adjustments net of tax | 78 | 94 | (221) |
| Cash flow hedges net of tax | (79) | (22) | (1) |
| Other | 1 | 1 | 2 |
| Other comprehensive income/(loss) | 0 | 73 | (220) |
| Comprehensive income | 5,835 | 4,354 | 2,094 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOWES COMPANIES INC | |||
Ticker: LOW Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 29, 2021 10-K (Filed: Mar 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 5,835 | 4,281 | 2,314 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,594 | 1,410 | 1,607 |
| Noncash lease expense | 479 | 468 | 0 |
| Deferred income taxes | (108) | 177 | (151) |
| Loss on property and other assets net | 139 | 117 | 630 |
| Impairment of goodwill | 0 | 0 | 952 |
| Loss on extinguishment of debt | 1,060 | 0 | 0 |
| Share-based payment expense | 155 | 98 | 74 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory net | (2,967) | (600) | (1,289) |
| Other operating assets | 326 | (364) | (101) |
| Accounts payable | 3,211 | (637) | 1,720 |
| Deferred revenue | 512 | (15) | 23 |
| Other operating liabilities | 813 | (639) | 414 |
| Net cash provided by operating activities | 11,049 | 4,296 | 6,193 |
| Cash flows from investing activities: | |||
| Purchases of investments | (3,094) | (743) | (1,373) |
| Proceeds from sale/maturity of investments | 2,926 | 695 | 1,393 |
| Capital expenditures | (1,791) | (1,484) | (1,174) |
| Proceeds from sale of property and other long-term assets | 90 | 163 | 76 |
| Other net | (25) | 0 | (2) |
| Net cash used in investing activities | (1,894) | (1,369) | (1,080) |
| Cash flows from financing activities: | |||
| Net change in commercial paper | (941) | 220 | (415) |
| Net proceeds from issuance of debt | 7,929 | 3,972 | 0 |
| Repayment of debt | (5,618) | (1,113) | (326) |
| Proceeds from issuance of common stock under share-based payment plans | 152 | 118 | 114 |
| Cash dividend payments | (1,704) | (1,618) | (1,455) |
| Repurchases of common stock | (4,971) | (4,313) | (3,037) |
| Other net | (38) | (1) | (5) |
| Net cash used in financing activities | (5,191) | (2,735) | (5,124) |
| Effect of exchange rate changes on cash | 10 | 1 | (12) |
| Net increase/(decrease) in cash and cash equivalents, including cash classified within current assets held for sale | 3,974 | 193 | (23) |
| Less: Net decrease/(increase) in cash classified within current assets held for sale | 0 | 12 | (54) |
| Net increase/(decrease) in cash and cash equivalents | 3,974 | 205 | (77) |
| Cash and cash equivalents, beginning of year | 716 | 511 | |
| Cash and cash equivalents, end of year | 4,690 | 716 | 511 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOWES COMPANIES INC | ||
Ticker: LOW Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 29, 2021 10-K (Filed: Mar 22, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 29, 2021 | Jan 31, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,690 | 716 |
| Short-term investments | 506 | 160 |
| Merchandise inventory net | 16,193 | 13,179 |
| Other current assets | 937 | 1,263 |
| Total current assets | 22,326 | 15,318 |
| Property, less accumulated depreciation | 19,155 | 18,769 |
| Operating lease right-of-use assets | 3,832 | 3,891 |
| Long-term investments | 200 | 372 |
| Deferred income taxes net | 340 | 216 |
| Other assets | 882 | 905 |
| Total assets | 46,735 | 39,471 |
| Liabilities and shareholders equity | ||
| Current liabilities: | ||
| Short-term borrowings | 0 | 1,941 |
| Current maturities of long-term debt | 1,112 | 597 |
| Current operating lease liabilities | 541 | 501 |
| Accounts payable | 10,884 | 7,659 |
| Accrued compensation and employee benefits | 1,350 | 684 |
| Deferred revenue | 1,608 | 1,219 |
| Other current liabilities | 3,235 | 2,581 |
| Total current liabilities | 18,730 | 15,182 |
| Long-term debt, excluding current maturities | 20,668 | 16,768 |
| Noncurrent operating lease liabilities | 3,890 | 3,943 |
| Deferred revenue extended protection plans | 1,019 | 894 |
| Other liabilities | 991 | 712 |
| Total liabilities | 45,298 | 37,499 |
| Commitments and contingencies | ||
| Shareholders equity: | ||
| Preferred stock $5 par value: Authorized 5.0 million shares; Issued and outstanding none | 0 | 0 |
| Common stock - $.50 par value; Shares issued and outstanding 731 at January 29, 2021 and 763 at January 31, 2020, respectively | 366 | 381 |
| Capital in excess of par value | 90 | 0 |
| Retained earnings | 1,117 | 1,727 |
| Accumulated other comprehensive loss | (136) | (136) |
| Total shareholders equity | 1,437 | 1,972 |
| Total liabilities and shareholders equity | 46,735 | 39,471 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2020 | |
| 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 |