Lowe's 1998 Annual Report Download - page 34

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Selected Financial Data
(Unaudited)
(In Thousands, Except Per Share Data)
1998 1997 1996 1995 1994
Selected Statement of Earnings Data:
Net Sales $12,244,882 $10,136,890 $8,600,241 $7,075,442 $6,110,521
Gross Margin 3,294,726 2,689,773 2,223,759 1,763,247 1,512,544
Net Earnings 482,422 357,484 292,150 226,027 223,560
Basic Earnings Per Share 1.37 1.03 .87 .71 .72
Diluted Earnings Per Share 1.36 1.03 .86 .68 .70
Dividends Per Share $ .12 $ .11 $ .10 $ .10 $ .09
Selected Balance Sheet Data:
Total Assets $6,344,651 $5,219,277 $4,434,954 $3,556,386 $3,105,992
Long-Term Debt, Excluding
Current Maturities $1,283,092 $1,045,570 $ 767,338 $ 866,183 $ 681,184
Selected Quarterly Data* First Second Third Fourth
1998
Net Sales $2,899,540 $3,425,685 $3,003,993 $2,915,664
Gross Margin 760,038 903,036 812,319 819,333
Net Earnings 94,465 165,378 116,367 106,212
Basic Earnings Per Share .27 .47 .33 .30
Diluted Earnings Per Share $ .27 $ .47 $ .33 $ .30
1997
Net Sales $2,400,754 $2,808,086 $2,530,481 $2,397,568
Gross Margin 623,703 731,093 670,886 664,090
Net Earnings 70,383 126,496 88,099 72,507
Basic Earnings Per Share .20 .36 .25 .21
Diluted Earnings Per Share $ .20 $ .36 $ .25 $ .21
* LIFO Adjustment:
1998 – The total LIFO effect for the year was a credit of $29.0 million. A credit of $11.1 million was made against earnings through
the first nine months and a credit of $17.9 million was made in the fourth quarter.
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.
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