LOWES COMPANIES INC (LOW) FY 2021 Income Statement

10-K.Info (Beta Test)

Courtesy of Short Sands, LLC

2009	2010	2011	2012	2013	2014	2015
2016	2017	2018	2019	2020	2021	2022

10-K.Info (Beta Test) Courtesy of Short Sands, LLC
LOWES COMPANIES INC
Ticker: LOW Fiscal Year: 2021
Consolidated Statements of Earnings
Period Ending Jan 28, 2022 10-K (Filed: Mar 21, 2022)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Current Earnings
Net sales	$ 96,250	89,597	72,148
Cost of sales	64,194	60,025	49,205
Gross margin	32,056	29,572	22,943

Expenses:
Selling, general and administrative	18,301	18,526	15,367
Depreciation and amortization	1,662	1,399	1,262
Operating income	12,093	9,647	6,314

Interest net	885	848	691
Loss on extinguishment of debt	0	1,060	0
Pre-tax earnings	11,208	7,739	5,623

Income tax provision	2,766	1,904	1,342
Net earnings	8,442	5,835	4,281

Basic earnings per common share (in dollars per share)	12.07	7.77	5.49
Diluted earnings per common share (in dollars per share)	12.04	7.75	5.49
Current Earnings (Percentages)
Net sales	100.00%	100.00%	100.00%
Cost of sales	66.70%	66.99%	68.20%
Gross margin	33.30%	33.01%	31.80%

Expenses (Percentages)
Selling, general and administrative	19.01%	20.68%	21.30%
Depreciation and amortization	1.73%	1.56%	1.75%
Operating income	12.56%	10.77%	8.75%

Interest net	0.92%	0.95%	0.96%
Loss on extinguishment of debt	0.00%	1.18%	0.00%
Pre-tax earnings	11.64%	8.64%	7.79%

Income tax provision	2.87%	2.13%	1.86%
Net earnings	8.77%	6.51%	5.93%

External Links
LOWES COMPANIES INC (LOW) Fiscal Year 2021
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

LOWES COMPANIES INC