Lowe's Companies, Inc. (LOW) financial statements (2023 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
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4045,196876729690658712
Cash and cash equivalents1,1334,690716511588558405
Short-term investments271506160218102100307
Inventory, net of allowances, customer advances and progress billings17,60516,19313,17912,56111,39310,4589,458
Inventory17,60516,19313,17912,56111,39310,4589,458
Other current assets1,0519371,263938689884391
Total current assets:20,06022,32615,31814,22812,77212,00010,561
Noncurrent Assets
Operating lease, right-of-use asset4,1083,8323,891
Property, plant and equipment19,07119,15518,66918,43219,72119,94919,577
Long-term investments and receivables199200372256408366222
Long-term investments199200372256408366222
Intangible assets, net (including goodwill)  3033031,3071,082 
Goodwill  3033031,3071,082 
Restricted cash and investments   256   
Deferred income tax assets164340216
Other noncurrent assets1,038882702995915789665
Deferred tax assets, net 168222241
Other undisclosed noncurrent assets   38   
Total noncurrent assets:24,58024,40924,15320,28022,51922,40820,705
TOTAL ASSETS:44,64046,73539,47134,50835,29134,40831,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,91512,2348,3438,9417,3377,4416,453
Accounts payable11,35410,8847,6598,2796,5906,6515,633
Employee-related liabilities1,5611,350684662747790820
Deferred revenue1,9141,6081,219
Debt8681,1122,5381,8321,4311,3051,104
Deferred revenue and credits1,3781,2531,078
Contract with customer, liability1,299
Other liabilities3,3353,2352,5812,4251,9501,9751,857
Other undisclosed current liabilities636541501    
Total current liabilities:19,66818,73015,18214,49712,09611,97410,492
Noncurrent Liabilities
Long-term debt and lease obligation, including:23,85920,66816,76814,39115,56414,39411,545
Finance lease, liability563564612
Capital lease obligations709846815492
Operating lease, liability4,0213,8903,943
Other undisclosed long-term debt and lease obligation19,27516,21412,21313,68214,71813,57911,053
Liabilities, other than long-term debt1,9082,0101,6061,149955843846
Deferred revenue1,1271,019894
Other liabilities7819917121,149955843846
Other undisclosed noncurrent liabilities4,0213,8903,943827803763729
Total noncurrent liabilities:29,78826,56822,31716,36717,32216,00013,120
Total liabilities:49,45645,29837,49930,86429,41827,97423,612
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,816)1,4371,9723,6445,8736,4347,654
Additional paid in capital 90  22  
Accumulated other comprehensive income (loss)(36)(136)(136)(209)11(240)(394)
Retained earnings (accumulated deficit)(5,115)1,1171,7273,4525,4256,2417,593
Other undisclosed stockholders' equity attributable to parent335366381401415433455
Total stockholders' equity:(4,816)1,4371,9723,6445,8736,4347,654
TOTAL LIABILITIES AND EQUITY:44,64046,73539,47134,50835,29134,40831,266

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues96,25089,59772,14871,30968,61965,01759,074
Revenue, net68,61965,01759,074
Cost of revenue
(Cost of Goods and Services Sold)
(64,194)(60,025)(49,205)(48,401)(45,210)(42,553)(38,504)
Gross profit:32,05629,57222,94322,90823,40922,46420,570
Operating expenses(19,963)(19,925)(16,629)(18,890)(16,823)(16,618)(16,151)
Operating income:12,0939,6476,3144,0186,5865,8464,419
Nonoperating income
(Investment Income, Nonoperating)
122427281612 
Interest and debt expense(888)(1,932)(719)(594)(1,065)(606)(505)
Income from continuing operations before equity method investments, income taxes:11,2177,7395,6223,4525,5375,2523,914
Other undisclosed income (loss) from continuing operations before income taxes(9) 1(58)(48)(51)505
Income from continuing operations before income taxes:11,2087,7395,6233,3945,4895,2014,419
Income tax expense(2,766)(1,904)(1,342)(1,080)(2,042)(2,108)(1,873)
Net income:8,4425,8354,2812,3143,4473,0932,546
Other undisclosed net loss attributable to parent     (2) 
Net income attributable to parent:8,4425,8354,2812,3143,4473,0912,546
Preferred stock dividends and other adjustments     (18) 
Other undisclosed net loss available to common stockholders, basic(33)(24)(13)(7)(11)(11)(12)
Net income available to common stockholders, diluted:8,4095,8114,2682,3073,4363,0622,534

Comprehensive Income ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income:8,4425,8354,2812,3143,4473,0932,546
Other comprehensive income (loss)1002173(220)251154(291)
Other undisclosed comprehensive loss (21)     
Comprehensive income, net of tax, attributable to parent:8,5425,8354,3542,0943,6983,2472,255

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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