Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Assets 

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Lowe’s Cos. Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017
Cash and cash equivalents 1,133  4,690  716  511  588  558 
Short-term investments 271  506  160  218  102  100 
Merchandise inventory, net 17,605  16,193  13,179  12,561  11,393  10,458 
Accounts receivable —  —  —  —  —  — 
Other current assets 1,051  937  1,263  938  689  884 
Current assets 20,060  22,326  15,318  14,228  12,772  12,000 
Property, less accumulated depreciation 19,071  19,155  18,669  18,432  19,721  19,949 
Operating lease right-of-use assets 4,108  3,832  3,891  —  —  — 
Long-term investments 199  200  372  256  408  366 
Deferred income taxes, net 164  340  216  294  168  222 
Other assets 1,038  882  1,005  1,298  2,222  1,871 
Noncurrent assets 24,580  24,409  24,153  20,280  22,519  22,408 
Total assets 44,640  46,735  39,471  34,508  35,291  34,408 

Based on: 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), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. current assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Property, less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Lowe’s Cos. Inc. property, less accumulated depreciation increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Lowe’s Cos. Inc. noncurrent assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. total assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Lowe’s Cos. Inc. cash and cash equivalents increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Lowe’s Cos. Inc. short-term investments increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Merchandise inventory, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Lowe’s Cos. Inc. merchandise inventory, net increased from 2020 to 2021 and from 2021 to 2022.
Accounts receivable Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.