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Lowe's Cos. Inc. (LOW) | Income Statement

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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Lowe's Cos. Inc., Consolidated Income Statement

USD $ in millions

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  12 months ended Feb 3, 2012 Jan 28, 2011 Jan 29, 2010 Jan 30, 2009 Feb 1, 2008 Feb 2, 2007
chart Net sales
chart Cost of sales
chart Gross margin
chart Selling, general and administrative
chart Depreciation
chart Pre-Interest and pre-tax earnings
chart Interest expense
chart Interest income
chart Interest, net
chart Pre-tax earnings
chart Income tax provision
chart Net earnings
Source: Lowe's Cos. Inc., Annual Reports
Item Description The company
Net sales Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Lowe's Cos. Inc.'s net sales increased from 2010 to 2011 and from 2011 to 2012.
Pre-Interest and pre-tax earnings The net result for the period of deducting operating expenses from operating revenues. Lowe's Cos. Inc.'s pre-Interest and pre-tax earnings increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level.
Pre-tax earnings Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Lowe's Cos. Inc.'s pre-tax earnings increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level.
Net earnings The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Lowe's Cos. Inc.'s net earnings increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level.

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