Stock Analysis on Net
Stock Analysis on Net
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Lowe’s Cos. Inc. (NYSE:LOW)

Common-Size Income Statement

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Lowe’s Cos. Inc., common-size consolidated income statement

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12 months ended: Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -66.99 -68.20 -67.88 -65.89 -65.45 -65.18
Gross margin 33.01% 31.80% 32.12% 34.11% 34.55% 34.82%
Selling, general and administrative -20.68 -21.30 -24.42 -22.41 -23.27 -23.88
Depreciation and amortization -1.56 -1.75 -2.07 -2.11 -2.29 -2.53
Expenses -22.24% -23.05% -26.49% -24.52% -25.56% -26.41%
Operating income 10.77% 8.75% 5.63% 9.60% 8.99% 8.41%
Interest expense, net of amount capitalized -0.97 -1.00 -0.91 -0.95 -1.01 -0.94
Interest income 0.03 0.04 0.04 0.02 0.02 0.01
Interest, net -0.95% -0.96% -0.88% -0.92% -0.99% -0.93%
Loss on extinguishment of debt -1.18 0.00 0.00 -0.68 0.00 0.00
Pre-tax earnings 8.64% 7.79% 4.76% 8.00% 8.00% 7.48%
Income tax provision -2.13 -1.86 -1.51 -2.98 -3.24 -3.17
Net earnings 6.51% 5.93% 3.25% 5.02% 4.76% 4.31%

Based on: 10-K (filing date: 2021-03-22), 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Lowe’s Cos. Inc.’s operating income as a percentage of net sales increased from 2019 to 2020 and from 2020 to 2021.
Pre-tax earnings Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Lowe’s Cos. Inc.’s pre-tax earnings as a percentage of net sales increased from 2019 to 2020 and from 2020 to 2021.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Lowe’s Cos. Inc.’s net earnings as a percentage of net sales increased from 2019 to 2020 and from 2020 to 2021.