Lowe's Companies, Inc. (LOW) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4046,6736,2557,1465,19610,10112,726
Cash and cash equivalents1,1336,1214,8356,6924,6908,24911,641
Short-term investments2715521,4204545061,8521,085
Inventory, net of allowances, customer advances and progress billings17,60516,68517,32218,38216,19315,71213,831
Inventory17,60516,68517,32218,38216,19315,71213,831
Other current assets1,0511,4911,5061,2889371,1031,160
Total current assets:20,06024,84925,08326,81622,32626,91627,717
Noncurrent Assets
Operating lease, right-of-use asset4,1084,1613,8203,8863,8323,8233,798
Property, plant and equipment19,07118,92519,03119,05919,15518,68318,612
Long-term investments and receivables199213225197200202326
Long-term investments199213225197200202326
Deferred income tax assets164220221213340241267
Other noncurrent assets1,0381,0321,0241,0298821,0151,043
Total noncurrent assets:24,58024,55124,32124,38424,40923,96424,046
TOTAL ASSETS:44,64049,40049,40451,20046,73550,88051,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,91513,23813,34215,70612,23414,32814,471
Accounts payable11,35411,33412,01113,96410,88412,75912,916
Employee-related liabilities1,5611,3531,3311,3121,3501,1171,139
Interest and dividends payable 551 430 452416
Deferred revenue1,9141,9542,0412,0221,6081,6141,715
Debt8682,3522,3441,3381,1126091,609
Other liabilities3,3353,2683,3803,7053,2352,9353,471
Other undisclosed current liabilities6362255712154178104
Total current liabilities:19,66820,83421,66422,89218,73019,56421,370
Noncurrent Liabilities
Long-term debt and lease obligation, including:23,85923,88121,96721,90620,66821,18520,197
Finance lease, liability563   564  
Operating lease, liability4,0214,1363,8413,9253,8903,9073,859
Other undisclosed long-term debt and lease obligation19,27519,74518,12617,98116,21417,27816,338
Liabilities, other than long-term debt1,9082,1252,1072,0322,0101,1441,000
Deferred revenue1,1271,1191,0971,0501,019  
Other liabilities7811,0061,0109829911,1441,000
Other undisclosed noncurrent liabilities4,0214,1363,8413,9253,8904,9144,840
Total noncurrent liabilities:29,78830,14227,91527,86326,56827,24326,037
Total liabilities:49,45650,97649,57950,75545,29846,80747,407
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,816)(1,576)(175)4451,4374,0734,356
Additional paid in capital    90 129
Accumulated other comprehensive loss(36)(6)(65)(11)(136)(245)(285)
Retained earnings (accumulated deficit)(5,115)(1,913)(460)981,1173,9424,134
Other undisclosed stockholders' equity attributable to parent335343350358366376378
Total stockholders' equity:(4,816)(1,576)(175)4451,4374,0734,356
TOTAL LIABILITIES AND EQUITY:44,64049,40049,40451,20046,73550,88051,763

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

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
Revenues21,33922,91827,57024,42220,31122,30927,302
Cost of revenue
(Cost of Goods and Services Sold)
(14,312)(15,331)(18,258)(16,292)(13,855)(15,009)(17,998)
Gross profit:7,0277,5879,3128,1306,4567,3009,304
Operating expenses(5,178)(4,798)(5,102)(4,885)(4,932)(5,125)(5,347)
Operating income:1,8492,7894,2103,2451,5242,1753,957
Nonoperating income
(Investment Income, Nonoperating)
2333668
Interest and debt expense(227)(225)(221)(214)(210)(1,287)(227)
Income from continuing operations before equity method investments, income taxes:1,6242,5673,9923,0341,3208943,738
Other undisclosed income (loss) from continuing operations before income taxes(10)(1)2    
Income from continuing operations before income taxes:1,6142,5663,9943,0341,3208943,738
Income tax expense(407)(670)(976)(713)(342)(202)(910)
Net income attributable to parent:1,2071,8963,0182,3219786922,828
Other undisclosed net loss available to common stockholders, basic(5)(7)(11)(9)(4)(3)(12)
Net income available to common stockholders, diluted:1,2021,8893,0072,3129746892,816

Comprehensive Income ($ in millions)

1/31/2022
Q4
10/31/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
Net income:1,2071,8963,0182,3219786922,828
Other comprehensive income (loss)(30)59(54)12513040108
Other undisclosed comprehensive loss    (21)  
Comprehensive income, net of tax, attributable to parent:1,1771,9552,9642,4461,0877322,936

Statements sources

The financial statements are based on the company's filings with the 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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