$LOW
LOWES COMPANIES INC

2018 Q2 Form 10-Q Financial Statement

#000006066718000117 Filed on June 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $17.36B $16.86B
YoY Change 2.97% 10.67%
Cost Of Revenue $11.61B $11.06B
YoY Change 4.99% 11.75%
Gross Profit $5.748B $5.800B
YoY Change -0.9% 8.68%
Gross Profit Margin 33.11% 34.4%
Selling, General & Admin $3.934B $3.876B
YoY Change 1.5% 14.3%
% of Gross Profit 68.44% 66.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $387.0M $389.0M
YoY Change -0.51% 1.57%
% of Gross Profit 6.73% 6.71%
Operating Expenses $3.934B $3.876B
YoY Change 1.5% -0.79%
Operating Profit $1.465B $1.559B
YoY Change -6.03% -1.7%
Interest Expense -$156.0M -$155.0M
YoY Change 0.65% 0.0%
% of Operating Profit -10.65% -9.94%
Other Income/Expense, Net -$4.000M -$6.000M
YoY Change -33.33% 200.0%
Pretax Income $1.305B $934.0M
YoY Change 39.72% -34.69%
Income Tax $317.0M $332.0M
% Of Pretax Income 24.29% 35.55%
Net Earnings $988.0M $602.0M
YoY Change 64.12% -31.9%
Net Earnings / Revenue 5.69% 3.57%
Basic Earnings Per Share $1.19 $0.70
Diluted Earnings Per Share $1.19 $0.70
COMMON SHARES
Basic Shares Outstanding 825.0M shares 857.0M shares
Diluted Shares Outstanding 826.0M shares 858.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.582B $1.977B
YoY Change -19.98% -57.62%
Cash & Equivalents $1.565B $1.963B
Short-Term Investments $17.00M $14.00M
Other Short-Term Assets $1.059B $975.0M
YoY Change 8.62% 42.75%
Inventory $13.20B $12.25B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $16.03B $15.28B
YoY Change 4.96% -7.27%
LONG-TERM ASSETS
Property, Plant & Equipment $19.50B $19.75B
YoY Change -1.26% 1.46%
Goodwill $1.288B $1.081B
YoY Change 19.15% 601.95%
Intangibles
YoY Change
Long-Term Investments $321.0M $137.0M
YoY Change 134.31% 41.24%
Other Assets $896.0M $759.0M
YoY Change 18.05% 42.4%
Total Long-Term Assets $22.20B $22.34B
YoY Change -0.6% 7.89%
TOTAL ASSETS
Total Short-Term Assets $16.03B $15.28B
Total Long-Term Assets $22.20B $22.34B
Total Assets $38.24B $37.61B
YoY Change 1.66% 1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.10B $9.905B
YoY Change 2.01% 12.29%
Accrued Expenses $715.0M $725.0M
YoY Change -1.38% 17.89%
Deferred Revenue $1.439B
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $896.0M $295.0M
YoY Change 203.73% -72.76%
Total Short-Term Liabilities $15.77B $14.69B
YoY Change 7.41% 4.0%
LONG-TERM LIABILITIES
Long-Term Debt $14.95B $15.77B
YoY Change -5.21% 10.11%
Other Long-Term Liabilities $962.0M $857.0M
YoY Change 12.25% 7.66%
Total Long-Term Liabilities $962.0M $857.0M
YoY Change 12.25% 7.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.77B $14.69B
Total Long-Term Liabilities $962.0M $857.0M
Total Liabilities $32.49B $32.08B
YoY Change 1.28% 7.06%
SHAREHOLDERS EQUITY
Retained Earnings $5.405B $5.346B
YoY Change 1.1% -24.43%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.745B $5.531B
YoY Change
Total Liabilities & Shareholders Equity $38.24B $37.61B
YoY Change 1.66% 1.17%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $988.0M $602.0M
YoY Change 64.12% -31.9%
Depreciation, Depletion And Amortization $387.0M $389.0M
YoY Change -0.51% 1.57%
Cash From Operating Activities $3.429B $3.295B
YoY Change 4.07% 2.33%
INVESTING ACTIVITIES
Capital Expenditures $224.0M $202.0M
YoY Change 10.89% -2.88%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M
YoY Change -100.0% -66.67%
Cash From Investing Activities -$236.0M -$291.0M
YoY Change -18.9% -16.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $728.0M $1.237B
YoY Change -41.15% -1.28%
Debt Paid & Issued, Net $13.00M $2.558B
YoY Change -99.49% 428.51%
Cash From Financing Activities -$2.215B -$1.605B
YoY Change 38.01% -225.0%
NET CHANGE
Cash From Operating Activities $3.429B $3.295B
Cash From Investing Activities -$236.0M -$291.0M
Cash From Financing Activities -$2.215B -$1.605B
Net Change In Cash $978.0M $1.399B
YoY Change -30.09% -66.33%
FREE CASH FLOW
Cash From Operating Activities $3.429B $3.295B
Capital Expenditures $224.0M $202.0M
Free Cash Flow $3.205B $3.093B
YoY Change 3.62% 2.69%

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