| Income Statement |
| Fiscal year is February-January. All values USD Millions. | 2022 | 2021 | 2020 | 2019 | 2018 | 5-year trend |
| Sales/Revenue | 96,250 | 89,597 | 72,148 | 71,309 | 68,619 |
| Sales Growth | 7.43% | 24.19% | 1.18% | 3.92% | - |
| Cost of Goods Sold (COGS) incl. D&A | 65,856 | 61,424 | 50,467 | 49,878 | 47,589 |
| COGS excluding D&A | 63,457 | 59,351 | 48,589 | 48,271 | 46,049 |
| Depreciation & Amortization Expense | 2,399 | 2,073 | 1,878 | 1,607 | 1,540 |
| Depreciation | 2,367 | 1,979 | 1,730 | 1,477 | 1,404 |
| Amortization of Intangibles | 32 | 94 | 148 | 130 | 136 |
| COGS Growth | 7.22% | 21.71% | 1.18% | 4.81% | - |
| Gross Income | 30,394 | 28,173 | 21,681 | 21,431 | 21,030 |
| Gross Income Growth | 7.88% | 29.94% | 1.17% | 1.91% | - |
| Gross Profit Margin | 31.58% | - | - | - | - |
| SG&A Expense | 18,139 | 17,291 | 15,102 | 15,326 | 14,444 |
| Other SG&A | - | 17,291 | 15,102 | 15,326 | 14,444 |
| SGA Growth | 4.90% | 14.49% | -1.46% | 6.11% | - |
| EBIT | 12,255 | 10,882 | 6,579 | 6,105 | - |
| Unusual Expense | 162 | 2,295 | 265 | 2,087 | 464 |
| Non Operating Income/Expense | -38 | - | - | -3 | 3 |
| Non-Operating Interest Income | 12 | 24 | 27 | 28 | 16 |
| Interest Expense | 859 | 872 | 718 | 649 | 652 |
| Interest Expense Growth | -1.49% | 21.45% | 10.63% | -0.46% | - |
| Gross Interest Expense | 862 | 872 | 719 | 652 | 657 |
| Interest Capitalized | 3 | - | 1 | 3 | 5 |
| Pretax Income | 11,208 | 7,739 | 5,623 | 3,394 | 5,489 |
| Pretax Income Growth | 44.82% | 37.63% | 65.67% | -38.17% | - |
| Pretax Margin | 11.64% | - | - | - | - |
| Income Tax | 2,766 | 1,904 | 1,342 | 1,080 | 2,042 |
| Income Tax - Current Domestic | 2,626 | 2,003 | 1,203 | 1,237 | 1,986 |
| Income Tax - Deferred Domestic | 140 | -99 | 139 | -157 | 56 |
| Other After Tax Income (Expense) | -33 | -24 | -13 | -7 | -11 |
| Consolidated Net Income | 8,409 | 5,811 | 4,268 | 2,307 | 3,436 |
| Net Income | 8,409 | 5,811 | 4,268 | 2,307 | 3,436 |
| Net Income Growth | 44.71% | 36.15% | 85.00% | -32.86% | - |
| Net Margin | 8.74% | - | - | - | - |
| Net Income After Extraordinaries | 8,409 | 5,811 | 4,268 | 2,307 | 3,436 |
| Net Income Available to Common | 8,409 | 5,811 | 4,268 | 2,307 | 3,436 |
| EPS (Basic) | 12.03 | 7.75 | 5.49 | 2.84 | 4.09 |
| EPS (Basic) Growth | 55.27% | 41.23% | 93.17% | -30.56% | - |
| Basic Shares Outstanding | 696 | 748 | 777 | 811 | 839 |
| EPS (Diluted) | - | 7.75 | 5.49 | 2.84 | 4.09 |
| EPS (Diluted) Growth | 0.00% | 41.24% | 93.09% | -30.54% | - |
| Diluted Shares Outstanding | 699 | 750 | 778 | 812 | 840 |
| EBITDA | 14,654 | 12,955 | 8,457 | 7,712 | 8,126 |
| EBITDA Growth | 13.11% | 53.19% | 9.66% | -5.09% | - |
| EBITDA Margin | | - | - | - | - |
| EBIT | 12,255 | 10,882 | 6,579 | 6,105 | - |
| Balance Sheet |
| Assets |
| Fiscal year is February-January. All values USD Millions. | 2022 | 2021 | 2020 | 2019 | 2018 | 5-year trend |
| Cash & Short Term Investments | 1,404 | 5,196 | 876 | 729 | 690 |
| Cash Only | 1,133 | 4,690 | 716 | 511 | 588 |
| Short-Term Investments | 271 | 506 | 160 | 218 | 102 |
| Cash & Short Term Investments Growth | -72.98% | 493.15% | 20.16% | 5.65% | - |
| Cash & ST Investments / Total Assets | 3.03% | 10.76% | 2.14% | 2.10% | 1.96% |
| Inventories | 17,605 | 16,193 | 13,179 | 12,561 | 11,393 |
| Finished Goods | 17,605 | 16,193 | 13,179 | 12,561 | 11,393 |
| Other Current Assets | 1,051 | 937 | 1,263 | 938 | 689 |
| Miscellaneous Current Assets | 1,051 | 937 | 1,263 | 938 | 689 |
| Total Current Assets | 20,060 | 22,326 | 15,318 | 14,228 | 12,772 |
| Net Property, Plant & Equipment | 23,179 | 22,987 | 22,560 | 18,432 | 19,721 |
| Property, Plant & Equipment - Gross | 41,067 | 40,534 | 39,836 | 35,863 | 36,940 |
| Buildings | 18,433 | 18,090 | 17,862 | 18,052 | 18,521 |
| Land & Improvements | 7,278 | 7,315 | 7,200 | 7,196 | 7,414 |
| Machinery & Equipment | 10,533 | 10,466 | 10,377 | 10,090 | 10,475 |
| Construction in Progress | 715 | 831 | 506 | 525 | 530 |
| Accumulated Depreciation | 17,888 | 17,547 | 17,276 | 17,431 | 17,219 |
| Total Investments and Advances | 247 | 200 | 372 | 256 | 408 |
| Other Long-Term Investments | 247 | 200 | 372 | 256 | 408 |
| Intangible Assets | 833 | 311 | 562 | 303 | 1,307 |
| Net Goodwill | 311 | 311 | 303 | 303 | 1,307 |
| Net Other Intangibles | - | - | 259 | - | - |
| Other Assets | 157 | 571 | 443 | 995 | 915 |
| Tangible Other Assets | 157 | 571 | 443 | 995 | 915 |
| Total Assets | 46,330 | 48,290 | 40,990 | 34,641 | 35,291 |
| Assets - Total - Growth | -4.06% | 17.81% | 18.33% | -1.84% | - |
| Asset Turnover | 2.03 | - | - | - | - |
| Return On Average Assets | 17.77% | - | - | - | - |
| Liabilities & Shareholders' Equity |
| All values USD Millions. | 2022 | 2021 | 2020 | 2019 | 2018 | 5-year trend |
| ST Debt & Current Portion LT Debt | 1,504 | 1,653 | 3,039 | 1,832 | 1,431 |
| Short Term Debt | - | 541 | 2,442 | 722 | 1,137 |
| Current Portion of Long Term Debt | 868 | 1,112 | 597 | 1,110 | 294 |
| Accounts Payable | 11,354 | 10,884 | 7,659 | 8,279 | 6,590 |
| Accounts Payable Growth | 4.32% | 42.11% | -7.49% | 25.63% | - |
| Income Tax Payable | 128 | 168 | - | - | - |
| Other Current Liabilities | 6,682 | 6,025 | 4,484 | 4,386 | 4,075 |
| Dividends Payable | 537 | 440 | 420 | 385 | 340 |
| Accrued Payroll | 1,561 | 1,350 | 684 | 662 | 747 |
| Miscellaneous Current Liabilities | 4,584 | 4,235 | 3,380 | 3,339 | 2,988 |
| Total Current Liabilities | 19,668 | 18,730 | 15,182 | 14,497 | 12,096 |
| Current Ratio | 1.02 | 1.19 | 1.01 | 0.98 | 1.06 |
| Quick Ratio | 0.12 | 0.33 | 0.14 | 0.11 | 0.11 |
| Cash Ratio | 0.07 | 0.28 | 0.06 | 0.05 | 0.06 |
| Long-Term Debt | 27,880 | 24,558 | 20,711 | 14,391 | 15,564 |
| Long-Term Debt excl. Capitalized Leases | 23,319 | 20,104 | 16,156 | 13,682 | 14,718 |
| Non-Convertible Debt | 23,319 | 20,104 | 16,156 | 13,682 | 14,718 |
| Capitalized Lease Obligations | 540 | 564 | 612 | 709 | 846 |
| Deferred Taxes | -164 | -340 | -216 | -294 | -168 |
| Deferred Taxes - Credit | 1,690 | 1,555 | 1,519 | 133 | - |
| Deferred Taxes - Debit | 1,854 | 1,895 | 1,735 | 427 | 168 |
| Other Liabilities | 1,908 | 2,010 | 1,606 | 1,976 | 1,758 |
| Other Liabilities (excl. Deferred Income) | 781 | 991 | 712 | 1,149 | 955 |
| Deferred Income | 1,127 | 1,019 | 894 | 827 | 803 |
| Total Liabilities | 51,146 | 46,853 | 39,018 | 30,997 | 29,418 |
| Total Liabilities / Total Assets | 110.39% | 97.02% | 95.19% | 89.48% | 83.36% |
| Common Equity (Total) | -4,816 | 1,437 | 1,972 | 3,644 | 5,873 |
| Common Stock Par/Carry Value | 335 | 366 | 381 | 401 | 415 |
| Additional Paid-In Capital/Capital Surplus | - | 90 | - | - | 22 |
| Retained Earnings | -5,115 | 1,117 | 1,727 | 3,452 | 5,425 |
| Cumulative Translation Adjustment/Unrealized For. Exch. Gain | -41 | -37 | -115 | -209 | 11 |
| Other Appropriated Reserves | 5 | -99 | -21 | - | - |
| Common Equity / Total Assets | -10.39% | 2.98% | 4.81% | 10.52% | 16.64% |
| Total Shareholders' Equity | -4,816 | 1,437 | 1,972 | 3,644 | 5,873 |
| Total Shareholders' Equity / Total Assets | -10.39% | 2.98% | 4.81% | 10.52% | 16.64% |
| Total Equity | -4,816 | 1,437 | 1,972 | 3,644 | 5,873 |
| Liabilities & Shareholders' Equity | 46,330 | 48,290 | 40,990 | 34,641 | 35,291 |
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Lowes.xlsx
