Lowe's Companies, Inc. (LOW) financial statements (2020 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)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments876729690658712591576
Cash and cash equivalents716511588558405466391
Short-term investments160218102100307125185
Restricted cash and investments     99 
Inventory, net of allowances, customer advances and progress billings13,17912,56111,39310,4589,4588,9119,127
Inventory13,17912,56111,39310,4589,4588,9119,127
Other current assets1,263938689884391348341
Other undisclosed current assets     131252
Total current assets:15,31814,22812,77212,00010,56110,08010,296
Noncurrent Assets
Operating lease, right-of-use asset3,891
Property, plant and equipment18,66918,43219,72119,94919,57720,03420,834
Long-term investments and receivables372256408366222354279
Long-term investments372256408366222354279
Intangible assets, net (including goodwill)3033031,3071,082  
Goodwill3033031,3071,082   
Restricted cash and investments 256   305268
Deferred income tax assets216
Other noncurrent assets7029959157896651,3591,323
Deferred tax assets, net 168222241  
Other undisclosed noncurrent assets 38   (305)(268)
Total noncurrent assets:24,15320,28022,51922,40820,70521,74722,436
TOTAL ASSETS:39,47134,50835,29134,40831,26631,82732,732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,3438,9417,3377,4416,4536,5396,036
Accounts payable7,6598,2796,5906,6515,6335,1245,008
Employee-related liabilities684662747790820773785
Taxes payable     255243
Interest and dividends payable     387 
Deferred revenue1,219
Debt2,5381,8321,4311,3051,104552435
Self insurance reserve     346324
Deferred revenue and credits1,3781,2531,078979892
Contract with customer, liability1,299
Other liabilities2,5812,4251,9501,9751,8571,9201,756
Other undisclosed current liabilities501    (988)(567)
Total current liabilities:15,18214,49712,09611,97410,4929,3488,876
Noncurrent Liabilities
Long-term debt and lease obligation, including:16,76814,39115,56414,39411,54510,81510,086
Finance lease, liability612
Capital lease obligations709846815492356388
Operating lease, liability3,943
Other undisclosed long-term debt and lease obligation12,21313,68214,71813,57911,05310,4599,698
Liabilities, other than long-term debt1,6061,1499558438469661,187
Deferred revenue894
Deferred tax liabilities, net    97291
Other liabilities7121,149955843846869896
Other undisclosed noncurrent liabilities3,943827803763729730730
Total noncurrent liabilities:22,31716,36717,32216,00013,12012,51112,003
Total liabilities:37,49930,86429,41827,97423,61221,85920,879
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9723,6445,8736,4347,6549,96811,338
Additional paid in capital  22    
Accumulated other comprehensive income (loss)(136)(209)11(240)(394)(103)(17)
Retained earnings1,7273,4525,4256,2417,5939,59111,355
Other undisclosed stockholders' equity attributable to parent381401415433455480 
Other undisclosed stockholders' equity      515
Total stockholders' equity:1,9723,6445,8736,4347,6549,96811,853
TOTAL LIABILITIES AND EQUITY:39,47134,50835,29134,40831,26631,82732,732

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues72,14871,30968,61965,01759,07456,22353,417
Revenue, net68,61965,01759,07456,22353,417
Cost of revenue
(Cost of Goods and Services Sold)
(49,205)(48,401)(45,210)(42,553)(38,504)(36,665)(34,941)
Gross profit:22,94322,90823,40922,46420,57019,55818,476
Operating expenses(16,629)(18,890)(16,823)(16,618)(16,151)(15,282)(14,803)
Operating income:6,3144,0186,5865,8464,4194,2763,673
Nonoperating income
(Investment Income, Nonoperating)
27281612 64
Interest and debt expense(719)(594)(1,065)(606)(505)(483)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes      3
Income from continuing operations before equity method investments, income taxes:5,6223,4525,5375,2523,9143,7993,673
Loss from equity method investments     (57)(52)
Other undisclosed income (loss) from continuing operations before income taxes1(58)(48)(51)505534 
Income from continuing operations before income taxes:5,6233,3945,4895,2014,4194,2763,621
Income tax expense(1,342)(1,080)(2,042)(2,108)(1,873)(1,578)(1,387)
Income before gain (loss) on sale of properties:4,2812,3143,4473,0932,5462,6982,234
Other undisclosed net income      52
Net income:4,2812,3143,4473,0932,5462,6982,286
Other undisclosed net loss attributable to parent   (2)   
Net income attributable to parent:4,2812,3143,4473,0912,5462,6982,286
Preferred stock dividends and other adjustments   (18)   
Other undisclosed net loss available to common stockholders, basic(13)(7)(11)(11)(12)(16) 
Net income available to common stockholders, diluted:4,2682,3073,4363,0622,5342,6822,286

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income:4,2812,3143,4473,0932,5462,6982,286
Other comprehensive income (loss)73(220)251154(291)(86)(69)
Comprehensive income, net of tax, attributable to parent:4,3542,0943,6983,2472,2552,6122,217

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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