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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Feb 3, 2023 10-K (Filed: Mar 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 6,437 | 8,442 | 5,835 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,981 | 1,882 | 1,594 |
| Noncash lease expense | 530 | 517 | 479 |
| Deferred income taxes | (239) | 135 | (108) |
| Asset impairment and loss on property - net | 2,118 | 34 | 139 |
| Loss on sale of business | 421 | 0 | 0 |
| Loss on extinguishment of debt | 0 | 0 | 1,060 |
| Share-based payment expense | 223 | 230 | 155 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventory net | (2,594) | (1,413) | (2,967) |
| Other operating assets | 56 | (23) | 326 |
| Accounts payable | (549) | 466 | 3,211 |
| Deferred revenue | (183) | 413 | 512 |
| Other operating liabilities | 388 | (570) | 813 |
| Net cash provided by operating activities | 8,589 | 10,113 | 11,049 |
| Cash flows from investing activities: | |||
| Purchases of investments | (1,189) | (3,065) | (3,094) |
| Proceeds from sale/maturity of investments | 1,174 | 3,293 | 2,926 |
| Capital expenditures | (1,829) | (1,853) | (1,791) |
| Proceeds from sale of property and other long-term assets | 45 | 113 | 90 |
| Proceeds from sale of business | 491 | 0 | 0 |
| Other net | (1) | (134) | (25) |
| Net cash used in investing activities | (1,309) | (1,646) | (1,894) |
| Cash flows from financing activities: | |||
| Net change in commercial paper | 499 | 0 | (941) |
| Net proceeds from issuance of debt | 9,667 | 4,972 | 7,929 |
| Repayment of debt | (867) | (2,118) | (5,618) |
| Proceeds from issuance of common stock under share-based payment plans | 151 | 132 | 152 |
| Cash dividend payments | (2,370) | (1,984) | (1,704) |
| Repurchases of common stock | (14,124) | (13,012) | (4,971) |
| Other net | (5) | (6) | (38) |
| Net cash used in financing activities | (7,049) | (12,016) | (5,191) |
| Effect of exchange rate changes on cash | (16) | (8) | 10 |
| Net increase/(decrease) in cash and cash equivalents | 215 | (3,557) | 3,974 |
| Cash and cash equivalents, beginning of year | 1,133 | 4,690 | |
| Cash and cash equivalents, end of year | 1,348 | 1,133 | 4,690 |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2022 | |