Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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 balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019
Short-term borrowings 499 1,941 722
Current maturities of long-term debt 537 585 868 1,112 597 1,110
Current operating lease liabilities 487 522 636 541 501
Accounts payable 8,704 10,524 11,354 10,884 7,659 8,279
Accrued compensation and employee benefits 954 1,109 1,561 1,350 684 662
Deferred revenue 1,408 1,603 1,914 1,608 1,219 1,299
Income taxes payable 33 1,181 128 168 15
Accrued dividends 633 633 537 440 420 385
Self-insurance liabilities 431 424 440 435 501 378
Accrued interest 456 441 275 250 221 184
Sales return reserve 191 234 245 252 194 194
Sales tax liabilities 164 314 228 256 153 179
Accrued property taxes 130 119 124 120 104 108
Other 1,440 1,323 1,358 1,314 973 997
Other current liabilities 3,445 3,488 3,207 3,067 2,566 2,425
Current liabilities 15,568 19,511 19,668 18,730 15,182 14,497
Long-term debt, excluding current maturities 35,384 32,876 23,859 20,668 16,768 14,391
Noncurrent operating lease liabilities 3,737 3,512 4,021 3,890 3,943
Deferred revenue, Lowe’s protection plans 1,225 1,201 1,127 1,019 894 827
Other liabilities 931 862 781 991 712 1,149
Noncurrent liabilities 41,277 38,451 29,788 26,568 22,317 16,367
Total liabilities 56,845 57,962 49,456 45,298 37,499 30,864
Preferred stock, $5 par value, issued and outstanding: none
Common stock, $.50 par value 287 301 335 366 381 401
Capital in excess of par value 90
Retained earnings (accumulated deficit) (15,637) (14,862) (5,115) 1,117 1,727 3,452
Accumulated other comprehensive income (loss) 300 307 (36) (136) (136) (209)
Shareholders’ equity (deficit) (15,050) (14,254) (4,816) 1,437 1,972 3,644
Total liabilities and shareholders’ equity (deficit) 41,795 43,708 44,640 46,735 39,471 34,508

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).

Balance sheet item Description The company
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. current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Lowe’s Cos. Inc. noncurrent liabilities increased from 2022 to 2023 and from 2023 to 2024.
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. total liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Shareholders’ equity (deficit) 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 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). This excludes temporary equity and is sometimes called permanent equity. Lowe’s Cos. Inc. shareholders’ equity (deficit) decreased from 2022 to 2023 and from 2023 to 2024.