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Lowe's Cos. Inc. (LOW) | Statement of Financial Position, Liabilities and Stockholders' Equity

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Lowe's Cos. Inc., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity

USD $ in millions

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    Feb 1, 2013 Feb 3, 2012 Jan 28, 2011 Jan 29, 2010 Jan 30, 2009 Feb 1, 2008
Short-term borrowings – – – – 987  1,064 
Current maturities of long-term debt 47  592  36  552  34  40 
Accounts payable 4,657  4,352  4,351  4,287  4,109  3,713 
Accrued compensation and employee benefits 670  613  667  577  434  424 
Deferred revenue 824  801  707  683  674  717 
Self-insurance liabilities 316  318  311  300  751  671 
Accrued dividends 178  174  148  131  – –
Accrued interest 136  126  115  102  – –
Accrued property taxes 112  102  113  103  – –
Sales tax liabilities 104  158  112  131  – –
Other 664  655  559  489  1,033  1,122 
Other current liabilities
1,510 
1,533 
1,358 
1,256 
1,784 
1,793 
Current liabilities
7,708 
7,891 
7,119 
7,355 
8,022 
7,751 
Long-term debt, excluding current maturities 9,030  7,035  6,537  4,528  5,039  5,576 
Deferred income taxes, net 455  531  467  598  660  670 
Deferred revenue, extended protection plans 715  704  631  549  – –
Other liabilities 901  865  833  906  910  774 
Noncurrent liabilities
11,101 
9,135 
8,468 
6,581 
6,609 
7,020 
Total liabilities
18,809 
17,026 
15,587 
13,936 
14,631 
14,771 
Preferred stock, $5 par value, none issued – – – – – –
Common stock, $.50 par value 555  621  677  729  735  729 
Capital in excess of par value 26  14  11  6  277  16 
Retained earnings 13,224  15,852  17,371  18,307  17,049  15,345 
Accumulated other comprehensive income (loss) 52  46  53  27  (6) 8 
Shareholders' equity
13,857 
16,533 
18,112 
19,069 
18,055 
16,098 
Total liabilities and shareholders' equity
32,666 
33,559 
33,699 
33,005 
32,686 
30,869 
Source: Lowe's Cos. Inc., Annual Reports
Item Description The company
Accounts payable Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Lowe's Cos. Inc.'s accounts payable increased from 2011 to 2012 and from 2012 to 2013.
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Lowe's Cos. Inc.'s current liabilities increased from 2011 to 2012 but then slightly declined from 2012 to 2013.
Noncurrent liabilities Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. Lowe's Cos. Inc.'s noncurrent liabilities increased from 2011 to 2012 and from 2012 to 2013.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Lowe's Cos. Inc.'s total liabilities increased from 2011 to 2012 and from 2012 to 2013.
Shareholders' equity Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Lowe's Cos. Inc.'s shareholders' equity declined from 2011 to 2012 and from 2012 to 2013.

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