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 Earnings | |||
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 | |
| Current Earnings | |||
| Net sales | $ 97,059 | 96,250 | 89,597 |
| Cost of sales | 64,802 | 64,194 | 60,025 |
| Gross margin | 32,257 | 32,056 | 29,572 |
| Expenses: | |||
| Selling, general and administrative | 20,332 | 18,301 | 18,526 |
| Depreciation and amortization | 1,766 | 1,662 | 1,399 |
| Operating income | 10,159 | 12,093 | 9,647 |
| Interest net | 1,123 | 885 | 848 |
| Loss on extinguishment of debt | 0 | 0 | 1,060 |
| Pre-tax earnings | 9,036 | 11,208 | 7,739 |
| Income tax provision | 2,599 | 2,766 | 1,904 |
| Net earnings | 6,437 | 8,442 | 5,835 |
| Basic earnings per common share (in dollars per share) | 10.20 | 12.07 | 7.77 |
| Diluted earnings per common share (in dollars per share) | 10.17 | 12.04 | 7.75 |
| Current Earnings (Percentages) | |||
| Net sales | 100.00% | 100.00% | 100.00% |
| Cost of sales | 66.77% | 66.70% | 66.99% |
| Gross margin | 33.23% | 33.30% | 33.01% |
| Expenses (Percentages) | |||
| Selling, general and administrative | 20.94% | 19.01% | 20.68% |
| Depreciation and amortization | 1.82% | 1.73% | 1.56% |
| Operating income | 10.47% | 12.56% | 10.77% |
| Interest net | 1.16% | 0.92% | 0.95% |
| Loss on extinguishment of debt | 0.00% | 0.00% | 1.18% |
| Pre-tax earnings | 9.31% | 11.64% | 8.64% |
| Income tax provision | 2.68% | 2.87% | 2.13% |
| Net earnings | 6.63% | 8.77% | 6.51% |
| External Links | |
| LOWES COMPANIES INC (LOW) Fiscal Year 2022 | |