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 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Short-term borrowings 499 1,941 722 1,137
Current maturities of long-term debt 585 868 1,112 597 1,110 294
Current operating lease liabilities 522 636 541 501
Accounts payable 10,524 11,354 10,884 7,659 8,279 6,590
Accrued compensation and employee benefits 1,109 1,561 1,350 684 662 747
Deferred revenue 1,603 1,914 1,608 1,219 1,299 1,378
Income taxes payable 1,181 128 168 15
Accrued dividends 633 537 440 420 385 340
Self-insurance liabilities 424 440 435 501 378 347
Accrued interest 441 275 250 221 184 184
Sales return reserve 234 245 252 194 194 71
Sales tax liabilities 314 228 256 153 179 144
Accrued property taxes 119 124 120 104 108 109
Other 1,323 1,358 1,314 973 997 755
Other current liabilities 3,488 3,207 3,067 2,566 2,425 1,950
Current liabilities 19,511 19,668 18,730 15,182 14,497 12,096
Long-term debt, excluding current maturities 32,876 23,859 20,668 16,768 14,391 15,564
Noncurrent operating lease liabilities 3,512 4,021 3,890 3,943
Deferred revenue, Lowe’s protection plans 1,201 1,127 1,019 894 827 803
Other liabilities 862 781 991 712 1,149 955
Noncurrent liabilities 38,451 29,788 26,568 22,317 16,367 17,322
Total liabilities 57,962 49,456 45,298 37,499 30,864 29,418
Preferred stock, $5 par value, issued and outstanding: none
Common stock, $.50 par value 301 335 366 381 401 415
Capital in excess of par value 90 22
Retained earnings (accumulated deficit) (14,862) (5,115) 1,117 1,727 3,452 5,425
Accumulated other comprehensive income (loss) 307 (36) (136) (136) (209) 11
Shareholders’ equity (deficit) (14,254) (4,816) 1,437 1,972 3,644 5,873
Total liabilities and shareholders’ equity (deficit) 43,708 44,640 46,735 39,471 34,508 35,291

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

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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.