Lowe's 1997 Annual Report Download - page 25

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January 30, % January 31, %
1998 Total 1997 Total
Consolidated Balance Sheets
In Thousands
Assets
Current Assets:
Cash and Cash Equivalents $ 195,146 3.7% $ 40,387 0.9%
Short-Term Investments (Note 2) 16,155 0.3 30,103 0.7
Accounts Receivable – Net 118,408 2.3 117,562 2.7
Merchandise Inventory 1,714,592 32.8 1,605,880 36.2
Deferred Income Taxes (Note 11) 34,116 0.7 19,852 0.4
Other Current Assets 31,185 0.6 37,682 0.8
Total Current Assets 2,109,602 40.4 1,851,466 41.7
Property, Less Accumulated Depreciation (Notes 3 and 5) 3,005,199 57.6 2,494,396 56.3
Long-Term Investments (Note 2) 35,161 0.7 35,615 0.8
Other Assets 69,315 1.3 53,477 1.2
Total Assets $5,219,277 100.0% $4,434,954 100.0%
Liabilities and Shareholders’ Equity
Current Liabilities:
Short-Term Notes Payable (Note 4) $ 98,104 1.9% $ 80,905 1.8%
Current Maturities of Long-Term Debt (Note 5) 12,478 0.2 22,566 0.5
Accounts Payable 969,777 18.7 914,167 20.6
Employee Retirement Plans (Note 10) 64,669 1.2 60,770 1.4
Accrued Salaries and Wages 83,377 1.6 71,662 1.6
Other Current Liabilities 220,915 4.2 198,461 4.5
Total Current Liabilities 1,449,320 27.8 1,348,531 30.4
Long-Term Debt, Excluding Current Maturities (Note 5) 1,045,570 20.0 767,338 17.3
Deferred Income Taxes (Note 11) 123,778 2.4 101,609 2.3
Total Liabilities 2,618,668 50.2 2,217,478 50.0
Shareholders’ Equity (Notes 5 and 8):
Preferred Stock – $5 Par Value, none issued — —
Common Stock – $.50 Par Value;
Issued and Outstanding
January 30, 1998 175,316
January 31, 1997 173,404 87,658 1.6 86,702 2.0
Capital in Excess of Par 980,324 18.8 903,661 20.3
Retained Earnings 1,565,133 30.0 1,245,888 28.1
Unearned Compensation – Restricted Stock Awards (32,694) (0.6) (18,434) (0.4)
Unrealized Gain (Loss) on Available-for-Sale Securities 188 — (341) —
Total Shareholders’ Equity 2,600,609 49.8 2,217,476 50.0
Total Liabilities and Shareholders’ Equity $5,219,277 100.0% $4,434,954 100.0%
See accompanying notes to consolidated financial statements.
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