Lowe's 1999 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 1999 Lowe's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

20
Consolidated Balance Sheets
In Thousands
January 28, % January 29, %
2000 Total 1999 Total
Assets
Current Assets:
Cash and Cash Equivalents $ 491,122 5.5% $ 228,874 3.2%
Short-Term Investments (Note 3) 77,670 0.9 20,343 0.3
Accounts Receivable – Net (Note 5) 147,901 1.6 143,928 2.0
Merchandise Inventory (Note 1) 2,812,361 31.2 2,384,700 33.6
Deferred Income Taxes (Note 12) 53,145 0.6 41,814 0.6
Other Current Assets 127,342 1.4 47,201 0.7
Total Current Assets 3,709,541 41.2 2,866,860 40.4
Property, Less Accumulated Depreciation (Notes 4 and 6) 5,177,222 57.5 4,085,798 57.7
Long-Term Investments (Note 3) 31,114 0.3 28,716 0.4
Other Assets (Note 1) 94,446 1.0 105,508 1.5
Total Assets $9,012,323 100.0% $7,086,882 100.0%
Liabilities and Shareholders’ Equity
Current Liabilities:
Short-Term Borrowings (Note 5) $ 92,475 1.0% $ 117,075 1.7%
Current Maturities of Long-Term Debt (Note 6) 59,908 0.7 107,893 1.5
Accounts Payable 1,566,946 17.4 1,220,543 17.2
Employee Retirement Plans (Note 11) 101,946 1.1 85,466 1.2
Accrued Salaries and Wages 164,003 1.8 123,545 1.7
Other Current Liabilities 400,676 4.5 269,734 3.8
Total Current Liabilities 2,385,954 26.5 1,924,256 27.1
Long-Term Debt, Excluding Current Maturities (Notes 6, 7 and 10) 1,726,579 19.2 1,364,278 19.3
Deferred Income Taxes (Note 12) 199,824 2.2 175,372 2.5
Other Long-Term Liabilities 4,495 — 3,209 —
Total Liabilities 4,316,852 47.9 3,467,115 48.9
Shareholders’ Equity (Note 9):
Preferred Stock – $5 Par Value, none issued — —
Common Stock – $.50 Par Value;
Issued and Outstanding
January 28, 2000 382,359
January 29, 1999 374,388 191,179 2.1 187,194 2.6
Capital in Excess of Par Value 1,755,616 19.5 1,325,816 18.7
Retained Earnings 2,761,964 30.6 2,136,727 30.2
Unearned Compensation – Restricted Stock Awards (12,868) (0.1) (30,387) (0.4)
Accumulated Other Comprehensive Income (Loss) (420) — 417 —
Total Shareholders’ Equity 4,695,471 52.1 3,619,767 51.1
Total Liabilities and Shareholders’ Equity $9,012,323 100.0% $7,086,882 100.0%
See accompanying notes to consolidated financial statements.