Lowe's Companies, Inc. (LOW) financial statements (2021 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 investments5,196876729690658712591
Cash and cash equivalents4,690716511588558405466
Short-term investments506160218102100307125
Restricted cash and investments      99
Inventory, net of allowances, customer advances and progress billings16,19313,17912,56111,39310,4589,4588,911
Inventory16,19313,17912,56111,39310,4589,4588,911
Other current assets9371,263938689884391348
Other undisclosed current assets      131
Total current assets:22,32615,31814,22812,77212,00010,56110,080
Noncurrent Assets
Operating lease, right-of-use asset3,8323,891
Property, plant and equipment19,15518,66918,43219,72119,94919,57720,034
Long-term investments and receivables200372256408366222354
Long-term investments200372256408366222354
Intangible assets, net (including goodwill) 3033031,3071,082  
Goodwill 3033031,3071,082  
Restricted cash and investments  256   305
Deferred income tax assets340216
Other noncurrent assets8827029959157896651,359
Deferred tax assets, net 168222241 
Other undisclosed noncurrent assets  38   (305)
Total noncurrent assets:24,40924,15320,28022,51922,40820,70521,747
TOTAL ASSETS:46,73539,47134,50835,29134,40831,26631,827
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,2348,3438,9417,3377,4416,4536,539
Accounts payable10,8847,6598,2796,5906,6515,6335,124
Employee-related liabilities1,350684662747790820773
Taxes payable      255
Interest and dividends payable      387
Deferred revenue1,6081,219
Debt1,1122,5381,8321,4311,3051,104552
Self insurance reserve      346
Deferred revenue and credits1,3781,2531,078979
Contract with customer, liability1,299
Other liabilities3,2352,5812,4251,9501,9751,8571,920
Other undisclosed current liabilities541501    (988)
Total current liabilities:18,73015,18214,49712,09611,97410,4929,348
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,66816,76814,39115,56414,39411,54510,815
Finance lease, liability564612
Capital lease obligations709846815492356
Operating lease, liability3,8903,943
Other undisclosed long-term debt and lease obligation16,21412,21313,68214,71813,57911,05310,459
Liabilities, other than long-term debt2,0101,6061,149955843846966
Deferred revenue1,019894
Deferred tax liabilities, net    97
Other liabilities9917121,149955843846869
Other undisclosed noncurrent liabilities3,8903,943827803763729730
Total noncurrent liabilities:26,56822,31716,36717,32216,00013,12012,511
Total liabilities:45,29837,49930,86429,41827,97423,61221,859
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4371,9723,6445,8736,4347,6549,968
Additional paid in capital90  22   
Accumulated other comprehensive income (loss)(136)(136)(209)11(240)(394)(103)
Retained earnings1,1171,7273,4525,4256,2417,5939,591
Other undisclosed stockholders' equity attributable to parent366381401415433455480
Total stockholders' equity:1,4371,9723,6445,8736,4347,6549,968
TOTAL LIABILITIES AND EQUITY:46,73539,47134,50835,29134,40831,26631,827

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
Revenues89,59772,14871,30968,61965,01759,07456,223
Revenue, net68,61965,01759,07456,223
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:29,57222,94322,90823,40922,46420,57019,558
Operating expenses(19,925)(16,629)(18,890)(16,823)(16,618)(16,151)(15,282)
Operating income:9,6476,3144,0186,5865,8464,4194,276
Nonoperating income
(Investment Income, Nonoperating)
2427281612 6
Interest and debt expense(1,932)(719)(594)(1,065)(606)(505)(483)
Income from continuing operations before equity method investments, income taxes:7,7395,6223,4525,5375,2523,9143,799
Loss from equity method investments      (57)
Other undisclosed income (loss) from continuing operations before income taxes 1(58)(48)(51)505534
Income from continuing operations before income taxes:7,7395,6233,3945,4895,2014,4194,276
Income tax expense(1,904)(1,342)(1,080)(2,042)(2,108)(1,873)(1,578)
Net income:5,8354,2812,3143,4473,0932,5462,698
Other undisclosed net loss attributable to parent    (2)  
Net income attributable to parent:5,8354,2812,3143,4473,0912,5462,698
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:5,8114,2682,3073,4363,0622,5342,682

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:5,8354,2812,3143,4473,0932,5462,698
Other comprehensive income (loss)2173(220)251154(291)(86)
Other undisclosed comprehensive loss(21)      
Comprehensive income, net of tax, attributable to parent:5,8354,3542,0943,6983,2472,2552,612

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.

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