Lowe's 1997 Annual Report Download - page 39

FIFO accounting
Base Year January 31, January 31, January 31, July 31, July 31,
January 31, 1993 1991 1986 1981 1970 1961
1303 309 282 214 64 15 1
29,975,537 7,061,925 3,641,762 1,998,239 379,653 71,680 2
321,269 15,556 13,317 5,950 1,670 399 3
480,461 54,142 31,477 11,376 2,729 651 4
5$47.80 $52.33 $65.84 $77.67 $47.09 $47.85 5
6 $3,846,418 $2,833,108 $2,072,569 $883,614 $128,491 $31,128 6
769,820 51,431 21,759 10,320 1,221 133 7
8(9,514) 688 3,445 (6,686) — — 8
9211,311 169,101 146,131 50,800 11,487 2,185 9
10 125,892 100,251 112,865 36,277 9,938 1,890 10
11 41,172 29,164 53,151 17,386 5,068 956 11
12 84,720 71,087 59,714 18,891 4,870 934 12
13 21,153 19,334 13,199 7,813 844 102 13
14 $ 63,554 $ 51,753 $ 46,515 $ 11,078 $ 4,026 $ 832 14
15 $26.32 $19.03 $14.19 $6.79 $1.02 $ .26 15
16 .58 .48 .41 .15 .04 .01 16
17 .14 .13 .09 .06 .01 — 17
18 .43 .35 .32 .09 .03 .01 18
19 $ 5.02 $ 4.59 $ 2.79 $1.30 $ .20 $ .04 19
20 2.67 2.47 3.26 2.95 3.09 3.32 20
21 2.20% 2.51% 2.88% 2.14% 3.79% 3.00% 21
22 5.88% 6.20% 9.39% 6.31% 11.72% 9.96% 22
23 12.67% 11.01% 17.49% 11.99% 23.34% 25.60% 23
24 $ 745,554 $ 616,461 $534,649 $209,756 $38,878 $ 9,305 24
25 54,849 50,144 87,190 15,567 4,658 1,299 25
26 53,288 96,354 127,603 68,172 14,887 3,108 26
27 594,195 460,804 313,143 125,104 19,040 4,801 27
28 34,710 9,159 6,713 913 293 97 28
29 787,197 541,464 308,603 91,399 10,390 1,229 29
30 52,856 45,127 12,939 573 148 1,301 30
31 1,608,877 1,203,052 856,191 301,728 49,416 11,835 31
32 499,634 337,676 251,669 80,781 21,212 4,922 32
33 330,584 186,860 168,068 52,003 15,178 3,187 33
34 72,626 44,578 83,601 28,778 6,034 1,735 34
35 313,562 159,204 183,909 51,929 3,315 1,791 35
36 875,657 520,380 448,818 132,710 24,527 6,792 36
37 $ 733,220 $ 682,672 $407,373 $169,018 $24,889 $ 5,043 37
38 2.34 4.29 2.22 3.25 7.51 2.81 38
39 2.19 1.76 2.10 1.79 1.99 2.35 39
40 7,257 6,261 6,253 4,620 2,117 40
41 145,946 145,838 148,328 130,220 126,232 120,000 41
42 146,152 148,856 146,036 130,220 126,232 120,000 42
43 $ 5.02 $ 4.68 $ 2.75 $ 1.30 $ .20 $ .04 43
44 $14.38 $12.41 $ 7.78 $ 2.49 $ 1.16 — 44
45 $ 8.00 $ 4.60 $ 5.19 $ 1.34 $ .62 — 45
46 $12.07 $ 6.13 $ 6.47 $ 1.89 $ 1.03 — 46
47 25 26 19 17 31 — 47
48 14 10 13 9 16 — 48
Stock splits and stock dividends
since 1960
■100% stock dividend, effective April 5, 1966,
(which had the net effect of a 2-for-1 stock split).
■2-for-1 stock split, effective November 18, 1969.
■A 50% stock dividend, effective November 30, 1971,
(which had the net effect of a 3-for-2 stock split).
■A 331/3% stock dividend, effective July 25, 1972,
(which had the net effect of a 4-for-3 stock split).
■A 50% stock dividend, effective June 2, 1976,
(which had the net effect of a 3-for-2 stock split).
■A 3-for-2 stock split, effective November 2, 1981.
■A 5-for-3 stock split, effective April 29, 1983.
■A 100% stock dividend, effective June 29, 1992,
(which had the net effect of a 2-for-1 stock split).
■A 2-for-1 stock split, effective April 4, 1994.
Explanatory notes
1Pretax earnings plus depreciation and interest.
2Asset Turnover – Sales divided by Beginning Assets.
3Return on Sales – Net Earnings divided by Sales.
4Return on Assets – Net Earnings divided by Beginning
Assets.
5Return on Shareholders’ Equity – Net Earnings divided
by Beginning Equity.
6Stock price source:
The Wall Street Journal
NM = not meaningful
CGR = compound growth rate
Copyright © 1998 Lowe’s Companies, Inc.
Credits:
Design & Illustration: Henry Church, Freedom Graphics, Winston-Salem, NC
Feature Writer: Deni McIntyre: Photography: Will and Deni McIntyre, McIntyre Photography, Winston-Salem, NC
Printing: Matt Phelan and Billy Glover, Phelan Annual Reports, Inc., Atlanta, GA