Stock Analysis on Net
Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet 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.

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Cash and cash equivalents 8,249  11,641  5,955  716  794  1,796  2,973  511  1,668  2,251  1,565  588  743  1,696  1,963  558  960  1,988  4,561  405  1,227  901  1,434  466  1,562  1,039  658 
Short-term investments 1,852  1,085  201  160  127  275  190  218  208  391  205  102  85  119  84  100  123  168  174  307  158  188  95  125  211  90  110 
Merchandise inventory, net 15,712  13,831  14,283  13,179  13,716  13,730  15,026  12,561  12,365  11,885  13,204  11,393  12,393  11,407  12,254  10,458  10,990  10,604  11,055  9,458  10,434  9,704  10,614  8,911  9,762  9,315  10,515 
Deferred income taxes, net —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  255  251  255  230  261  276  283 
Other current assets 1,103  1,160  1,487  1,263  1,025  995  1,146  938  897  956  1,059  689  788  811  975  884  655  591  683  391  321  322  393  348  334  355  386 
Current assets 26,916  27,717  21,926  15,318  15,662  16,796  19,335  14,228  15,138  15,483  16,033  12,772  14,009  14,033  15,276  12,000  12,728  13,351  16,473  10,561  12,395  11,366  12,791  10,080  12,130  11,075  11,952 
Property, less accumulated depreciation 18,683  18,612  18,501  18,669  18,371  18,203  18,150  18,432  18,923  19,172  19,500  19,721  19,818  19,762  19,748  19,949  20,037  20,274  19,463  19,577  19,655  19,751  19,892  20,034  20,180  20,368  20,617 
Operating lease right-of-use assets 3,823  3,798  3,876  3,891  3,873  3,967  3,926  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term investments 202  326  300  372  363  179  235  256  290  87  321  408  370  360  477  366  436  604  400  222  382  412  384  354  395  382  360 
Deferred income taxes, net 241  267  215  216  479  512  495  294  285  249  199  168  347  328  272  222  331  250  154  241  —  —  —  —  —  —  — 
Other assets 1,015  1,043  1,014  1,005  1,016  1,038  1,078  1,298  2,077  2,114  2,184  2,222  2,239  2,185  1,840  1,871  1,838  1,992  687  665  1,223  1,216  1,355  1,359  1,327  1,312  1,300 
Noncurrent assets 23,964  24,046  23,906  24,153  24,102  23,899  23,884  20,280  21,575  21,622  22,204  22,519  22,774  22,635  22,337  22,408  22,642  23,120  20,704  20,705  21,260  21,379  21,631  21,747  21,902  22,062  22,277 
Total assets 50,880  51,763  45,832  39,471  39,764  40,695  43,219  34,508  36,713  37,105  38,237  35,291  36,783  36,668  37,613  34,408  35,370  36,471  37,177  31,266  33,655  32,745  34,422  31,827  34,032  33,137  34,229 

Based on: 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-26), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-23), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-03), 10-Q (filing date: 2019-06-03), 10-K (filing date: 2019-04-02), 10-Q (filing date: 2018-12-06), 10-Q (filing date: 2018-09-04), 10-Q (filing date: 2018-06-05), 10-K (filing date: 2018-04-02), 10-Q (filing date: 2017-12-05), 10-Q (filing date: 2017-09-05), 10-Q (filing date: 2017-06-06), 10-K (filing date: 2017-04-04), 10-Q (filing date: 2016-11-29), 10-Q (filing date: 2016-09-02), 10-Q (filing date: 2016-05-31), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-01), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-09-02), 10-Q (filing date: 2014-06-03).


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.’s current assets increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021.
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.’s property, less accumulated depreciation increased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
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.’s noncurrent assets increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021 not reaching Q1 2021 level.
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.’s total assets increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021.

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.’s cash and cash equivalents increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021 not reaching Q1 2021 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.’s short-term investments increased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
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.’s merchandise inventory, net decreased from Q1 2021 to Q2 2021 but then increased from Q2 2021 to Q3 2021 exceeding Q1 2021 level.