Lowe's Companies, Inc. (LOW) financial statements (2022 and earlier)
Company profile
| Business Address |
1000 LOWE'S 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)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,196 | 876 | 729 | 690 | 658 | 712 | 591 | ||
| Cash and cash equivalents | 4,690 | 716 | 511 | 588 | 558 | 405 | 466 | ||
| Short-term investments | 506 | 160 | 218 | 102 | 100 | 307 | 125 | ||
| Restricted cash and investments | 99 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 16,193 | 13,179 | 12,561 | 11,393 | 10,458 | 9,458 | 8,911 | ||
| Inventory | 16,193 | 13,179 | 12,561 | 11,393 | 10,458 | 9,458 | 8,911 | ||
| Other current assets | 937 | 1,263 | 938 | 689 | 884 | 391 | 348 | ||
| Other undisclosed current assets | 131 | ||||||||
| Total current assets: | 22,326 | 15,318 | 14,228 | 12,772 | 12,000 | 10,561 | 10,080 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,832 | 3,891 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 19,155 | 18,669 | 18,432 | 19,721 | 19,949 | 19,577 | 20,034 | ||
| Long-term investments and receivables | 200 | 372 | 256 | 408 | 366 | 222 | 354 | ||
| Long-term investments | 200 | 372 | 256 | 408 | 366 | 222 | 354 | ||
| Intangible assets, net (including goodwill) | 303 | 303 | 1,307 | 1,082 | |||||
| Goodwill | 303 | 303 | 1,307 | 1,082 | |||||
| Restricted cash and investments | 256 | 305 | |||||||
| Deferred income tax assets | 340 | 216 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 882 | 702 | 995 | 915 | 789 | 665 | 1,359 | ||
| Deferred tax assets, net | ✕ | ✕ | 168 | 222 | 241 | ||||
| Other undisclosed noncurrent assets | 38 | (305) | |||||||
| Total noncurrent assets: | 24,409 | 24,153 | 20,280 | 22,519 | 22,408 | 20,705 | 21,747 | ||
| TOTAL ASSETS: | 46,735 | 39,471 | 34,508 | 35,291 | 34,408 | 31,266 | 31,827 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,234 | 8,343 | 8,941 | 7,337 | 7,441 | 6,453 | 6,539 | ||
| Accounts payable | 10,884 | 7,659 | 8,279 | 6,590 | 6,651 | 5,633 | 5,124 | ||
| Employee-related liabilities | 1,350 | 684 | 662 | 747 | 790 | 820 | 773 | ||
| Taxes payable | 255 | ||||||||
| Interest and dividends payable | 387 | ||||||||
| Deferred revenue | 1,608 | 1,219 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1,112 | 2,538 | 1,832 | 1,431 | 1,305 | 1,104 | 552 | ||
| Self insurance reserve | 346 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1,378 | 1,253 | 1,078 | 979 | ||
| Contract with customer, liability | ✕ | ✕ | 1,299 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 3,235 | 2,581 | 2,425 | 1,950 | 1,975 | 1,857 | 1,920 | ||
| Other undisclosed current liabilities | 541 | 501 | (988) | ||||||
| Total current liabilities: | 18,730 | 15,182 | 14,497 | 12,096 | 11,974 | 10,492 | 9,348 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 20,668 | 16,768 | 14,391 | 15,564 | 14,394 | 11,545 | 10,815 | ||
| Finance lease, liability | 564 | 612 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 709 | 846 | 815 | 492 | 356 | ||
| Operating lease, liability | 3,890 | 3,943 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 16,214 | 12,213 | 13,682 | 14,718 | 13,579 | 11,053 | 10,459 | ||
| Liabilities, other than long-term debt | 2,010 | 1,606 | 1,149 | 955 | 843 | 846 | 966 | ||
| Deferred revenue | 1,019 | 894 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 97 | ||||||
| Other liabilities | 991 | 712 | 1,149 | 955 | 843 | 846 | 869 | ||
| Other undisclosed noncurrent liabilities | 3,890 | 3,943 | 827 | 803 | 763 | 729 | 730 | ||
| Total noncurrent liabilities: | 26,568 | 22,317 | 16,367 | 17,322 | 16,000 | 13,120 | 12,511 | ||
| Total liabilities: | 45,298 | 37,499 | 30,864 | 29,418 | 27,974 | 23,612 | 21,859 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,437 | 1,972 | 3,644 | 5,873 | 6,434 | 7,654 | 9,968 | ||
| Additional paid in capital | 90 | 22 | |||||||
| Accumulated other comprehensive income (loss) | (136) | (136) | (209) | 11 | (240) | (394) | (103) | ||
| Retained earnings | 1,117 | 1,727 | 3,452 | 5,425 | 6,241 | 7,593 | 9,591 | ||
| Other undisclosed stockholders' equity attributable to parent | 366 | 381 | 401 | 415 | 433 | 455 | 480 | ||
| Total stockholders' equity: | 1,437 | 1,972 | 3,644 | 5,873 | 6,434 | 7,654 | 9,968 | ||
| TOTAL LIABILITIES AND EQUITY: | 46,735 | 39,471 | 34,508 | 35,291 | 34,408 | 31,266 | 31,827 | ||
Income statement (P&L) ($ in millions)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 89,597 | 72,148 | 71,309 | 68,619 | 65,017 | 59,074 | 56,223 | |
| Revenue, net | ✕ | ✕ | ✕ | 68,619 | 65,017 | 59,074 | 56,223 | |
| Cost of revenue (Cost of Goods and Services Sold) | (60,025) | (49,205) | (48,401) | (45,210) | (42,553) | (38,504) | (36,665) | |
| Gross profit: | 29,572 | 22,943 | 22,908 | 23,409 | 22,464 | 20,570 | 19,558 | |
| Operating expenses | (19,925) | (16,629) | (18,890) | (16,823) | (16,618) | (16,151) | (15,282) | |
| Operating income: | 9,647 | 6,314 | 4,018 | 6,586 | 5,846 | 4,419 | 4,276 | |
| Nonoperating income (Investment Income, Nonoperating) | 24 | 27 | 28 | 16 | 12 | 6 | ||
| Interest and debt expense | (1,932) | (719) | (594) | (1,065) | (606) | (505) | (483) | |
| Income from continuing operations before equity method investments, income taxes: | 7,739 | 5,622 | 3,452 | 5,537 | 5,252 | 3,914 | 3,799 | |
| Loss from equity method investments | (57) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 1 | (58) | (48) | (51) | 505 | 534 | ||
| Income from continuing operations before income taxes: | 7,739 | 5,623 | 3,394 | 5,489 | 5,201 | 4,419 | 4,276 | |
| Income tax expense | (1,904) | (1,342) | (1,080) | (2,042) | (2,108) | (1,873) | (1,578) | |
| Net income: | 5,835 | 4,281 | 2,314 | 3,447 | 3,093 | 2,546 | 2,698 | |
| Other undisclosed net loss attributable to parent | (2) | |||||||
| Net income attributable to parent: | 5,835 | 4,281 | 2,314 | 3,447 | 3,091 | 2,546 | 2,698 | |
| Preferred stock dividends and other adjustments | (18) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (24) | (13) | (7) | (11) | (11) | (12) | (16) | |
| Net income available to common stockholders, diluted: | 5,811 | 4,268 | 2,307 | 3,436 | 3,062 | 2,534 | 2,682 | |
Comprehensive Income ($ in millions)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,835 | 4,281 | 2,314 | 3,447 | 3,093 | 2,546 | 2,698 | |
| Other comprehensive income (loss) | 21 | 73 | (220) | 251 | 154 | (291) | (86) | |
| Other undisclosed comprehensive loss | (21) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 5,835 | 4,354 | 2,094 | 3,698 | 3,247 | 2,255 | 2,612 | |
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.