Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 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
Short-term borrowings 72 499 1,000 1,000 1,000 1,000 1,941 637 722 1,137 171
Current maturities of long-term debt 544 592 589 585 609 121 121 868 1,352 1,344 1,338 1,112 609 609 604 597 574 1,009 1,008 1,110 1,117 894 896 294 297 296 295
Current operating lease liabilities 533 534 525 522 651 652 639 636 573 557 551 541 530 520 506 501 499 492 500
Accounts payable 9,914 10,333 11,885 10,524 12,249 12,631 13,831 11,354 11,334 12,011 13,964 10,884 12,759 12,916 10,841 7,659 8,822 9,499 11,485 8,279 9,283 8,984 10,104 6,590 8,903 8,649 9,905
Accrued compensation and employee benefits 750 1,026 766 1,109 1,405 1,227 1,190 1,561 1,353 1,331 1,312 1,350 1,117 1,139 982 684 779 717 769 662 806 671 715 747 808 665 725
Deferred revenue 1,499 1,566 1,645 1,603 1,736 1,968 2,094 1,914 1,954 2,041 2,022 1,608 1,614 1,715 1,212 1,219 1,222 1,324 1,376 1,299 1,356 1,449 1,439 1,378 1,404 1,450 1,415
Income taxes payable 121 91 526 1,181
Other current liabilities 3,135 3,470 3,202 3,488 4,226 3,767 3,956 3,335 3,268 3,380 3,705 3,235 2,935 3,471 3,180 2,581 2,530 2,794 2,643 2,425 2,507 2,583 2,620 1,950 2,155 2,565 2,346
Current liabilities 16,496 17,612 19,210 19,511 20,876 20,366 21,831 19,668 20,834 21,664 22,892 18,730 19,564 21,370 18,325 15,182 15,063 15,835 17,781 14,497 15,069 14,581 15,774 12,096 13,738 13,625 14,686
Long-term debt, excluding current maturities 35,374 35,839 35,863 32,876 32,904 28,763 28,776 23,859 23,881 21,967 21,906 20,668 21,185 20,197 20,200 16,768 16,635 16,538 16,542 14,391 14,460 14,937 14,948 15,564 15,570 15,788 15,770
Noncurrent operating lease liabilities 3,602 3,611 3,479 3,512 4,048 4,069 4,061 4,021 4,136 3,841 3,925 3,890 3,907 3,859 3,915 3,943 3,942 4,055 4,064
Deferred revenue, Lowe’s protection plans 1,228 1,231 1,206 1,201 1,184 1,169 1,137 1,127 1,119 1,097 1,050 1,019 1,007 981 915 894 875 868 837 827 827 828 808 803 794 790 769
Other liabilities 966 960 869 862 829 800 797 781 1,006 1,010 982 991 1,144 1,000 761 712 791 759 759 1,149 963 978 962 955 939 929 857
Noncurrent liabilities 41,170 41,641 41,417 38,451 38,965 34,801 34,771 29,788 30,142 27,915 27,863 26,568 27,243 26,037 25,791 22,317 22,243 22,220 22,202 16,367 16,250 16,743 16,718 17,322 17,303 17,507 17,396
Total liabilities 57,666 59,253 60,627 57,962 59,841 55,167 56,602 49,456 50,976 49,579 50,755 45,298 46,807 47,407 44,116 37,499 37,306 38,055 39,983 30,864 31,319 31,324 32,492 29,418 31,041 31,132 32,082
Preferred stock, $5 par value; issued and outstanding: none
Common stock, $0.50 par value 288 291 296 301 305 316 326 335 343 350 358 366 376 378 377 381 384 388 397 401 403 406 411 415 415 419 426
Capital in excess of par value 7 12 90 129 10 22
Retained earnings (accumulated deficit) (15,744) (15,341) (15,310) (14,862) (13,313) (8,895) (7,367) (5,115) (1,913) (460) 98 1,117 3,942 4,134 1,722 1,727 2,238 2,439 3,095 3,452 5,156 5,517 5,405 5,425 5,289 5,253 5,346
Accumulated other comprehensive income (loss) 302 306 304 307 140 137 164 (36) (6) (65) (11) (136) (245) (285) (393) (136) (164) (187) (256) (209) (165) (142) (71) 11 38 (136) (241)
Shareholders’ equity (deficit) (15,147) (14,732) (14,710) (14,254) (12,868) (8,442) (6,877) (4,816) (1,576) (175) 445 1,437 4,073 4,356 1,716 1,972 2,458 2,640 3,236 3,644 5,394 5,781 5,745 5,873 5,742 5,536 5,531
Total liabilities and shareholders’ equity (deficit) 42,519 44,521 45,917 43,708 46,973 46,725 49,725 44,640 49,400 49,404 51,200 46,735 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

Based on: 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).

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 decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
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 decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.