Lowe's 1997 Annual Report Download - page 35

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Selected Financial Data
(In Thousands, Except Per Share Data)
(Unaudited) 1997 1996 1995 1994 1993
Selected Income Statement Data:
Net Sales $10,136,890 $8,600,241 $7,075,442 $6,110,521 $4,538,001
Net Earnings 357,484 292,150 226,027 223,560 131,786
Basic Earnings Per Share 2.05 1.74 1.41 1.44 .89
Diluted Earnings Per Share 2.05 1.71 1.36 1.39 .89
Cash Dividends Per Share $ .22 $ .21 $ .19 $ .18 $ .16
Selected Balance Sheet Data:
Total Assets $5,219,277 $4,434,954 $3,556,386 $3,105,992 $2,201,648
Long-Term Debt, Including
Current Maturities $1,058,048 $ 789,904 $ 880,310 $ 708,097 $ 641,880
Selected Quarterly Data (Unaudited)*
Fourth Third Second First
1997
Net Sales $2,397,568 $2,530,481 $2,808,086 $2,400,754
Gross Margin 664,090 670,886 731,093 623,703
Net Earnings 72,507 88,099 126,496 70,383
Basic Earnings Per Share .41 .50 .73 .41
Diluted Earnings Per Share $ .41 $ .50 $ .73 $ .41
1996
Net Sales $2,041,496 $2,193,239 $2,459,008 $1,906,498
Gross Margin 552,301 566,166 628,792 476,500
Net Earnings 55,626 75,183 114,279 47,062
Basic Earnings Per Share .32 .43 .70 .29
Diluted Earnings Per Share $ .32 $ .43 $ .67 $ .29
* LIFO Adjustment:
Fiscal 1997 – The total LIFO effect for the year was a credit of $7.0 million. A charge of $5.5 million was made against earnings
through the first nine months, resulting in a fourth quarter credit of $12.5 million.
Fiscal 1996 – The total LIFO effect for the year was a charge of $1.4 million. A charge of $10.5 million was made against earnings
through the first nine months, resulting in a fourth quarter credit of $9.1 million.
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