Lowe's Companies, Inc. (LOW) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 LOWES BLVD.
MOORESVILLE, NC 28117
State of Incorp. NC
Fiscal Year End January 31
Industry (SIC) 5211 - Lumber and Other Building Materials Dealers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8683,3731,7323,6561,9323,782
Cash and cash equivalents3,4942,9501,3483,1921,4823,414
Short-term investments374423384464450368
Inventory, net of allowances, customer advances and progress billings17,42219,52218,53219,81719,32920,239
Inventory17,42219,52218,53219,81719,32920,239
Other current assets9461,0231,1781,5181,4061,590
Total current assets:22,23623,91821,44224,99122,66725,611
Noncurrent Assets
Operating lease, right-of-use asset3,6503,5043,5183,5124,1584,131
Property, plant and equipment17,37317,40217,56717,27518,71318,890
Long-term investments and receivables182103121635676
Long-term investments182103121635676
Deferred income tax assets23015025030110433
Other noncurrent assets8508408108311,027984
Total noncurrent assets:22,28521,99922,26621,98224,05824,114
TOTAL ASSETS:44,52145,91743,70846,97346,72549,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,45013,17712,81415,05915,08515,545
Interest and dividends payable524
Employee-related liabilities1,4051,2271,190
Accounts payable10,33311,88510,52412,24912,63113,831
Accrued liabilities1,1171,2922,2901,4051,227 
Deferred revenue1,5661,6451,6031,7361,9682,094
Debt5926611,084609121121
Other liabilities3,4703,2023,4884,2263,7673,956
Other undisclosed current liabilities534525522(754)(575)115
Total current liabilities:17,61219,21019,51120,87620,36621,831
Noncurrent Liabilities
Long-term debt and lease obligation, including:35,83935,86332,87632,90428,76328,776
Finance lease, liability   477   
Other undisclosed long-term debt and lease obligation35,83935,86332,39928,85624,69424,715
Liabilities, other than long-term debt5,8025,5545,5752,0131,9691,934
Deferred revenue1,2311,2061,2011,1841,1691,137
Other liabilities960869862829800797
Operating lease, liability3,6113,4793,5124,0484,0694,061
Other undisclosed noncurrent liabilities    4,0484,0694,061
Total noncurrent liabilities:41,64141,41738,45138,96534,80134,771
Total liabilities:59,25360,62757,96259,84155,16756,602
Equity
Equity, attributable to parent, including:(14,732)(14,710)(14,254)(12,868)(8,442)(6,877)
Additional paid in capital12     
Accumulated other comprehensive income306304307140137164
Accumulated deficit(15,341)(15,310)(14,862)(13,313)(8,895)(7,367)
Other undisclosed equity, attributable to parent291296301305316326
Total equity:(14,732)(14,710)(14,254)(12,868)(8,442)(6,877)
TOTAL LIABILITIES AND EQUITY:44,52145,91743,70846,97346,72549,725

Income Statement (P&L) ($ in millions)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Revenues24,95622,34722,44523,47927,47623,659
Cost of revenue
(Cost of Goods and Services Sold)
(16,557)(14,820)(15,188)(15,661)(18,343)(15,609)
Gross profit:8,3997,5277,2577,8189,1338,050
Operating expenses(4,513)(4,239)(5,553)(6,894)(4,904)(4,748)
Operating income:3,8863,2881,7049244,2293,302
Nonoperating income
(Investment Income, Nonoperating)
3516161452
Interest and debt expense(377)(366)(338)(310)(270)(243)
Income from continuing operations before equity method investments, income taxes:3,5442,9381,3826283,9643,061
Other undisclosed income (loss) from continuing operations before income taxes11111(2)
Income from continuing operations before income taxes:3,5452,9391,3836293,9653,059
Income tax expense(872)(679)(425)(475)(973)(726)
Income from continuing operations:2,6732,2609581542,9922,333
Income before gain (loss) on sale of properties:1542,9922,333
Net income attributable to parent:2,6732,2609581542,9922,333
Other undisclosed net loss available to common stockholders, basic(7)(6)(4)(2)(9)(8)
Net income available to common stockholders, diluted:2,6662,2549541522,9832,325

Comprehensive Income ($ in millions)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Net income:2,6732,2609581542,9922,333
Other comprehensive income (loss)2(3)1673(27)200
Comprehensive income, net of tax, attributable to parent:2,6752,2571,1251572,9652,533

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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