Lowe's 2000 Annual Report Download - page 25

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Lowe’s Companies, Inc.
23
February 2, % January 28,%
(In Thousands) 2001 Total 2000 Total
Assets
Current Assets:
Cash and Cash Equivalents
$ 455,658 4.0 % $ 491,122 5.5%
Short-Term Investments (Note
3
)
12,871 0.1 77,670 0.9
Accounts Receivable — Net (Notes
1 and 5
)
160,985 1.4 147,901 1.6
Merchandise Inventory (Note
1
)
3,285,370 28.9 2,812,361 31.2
Deferred Income Taxes (Note
12
)
81,044 0.7 53,145 0.6
Other Current Assets
179,085 1.6 110,957 1.2
Total Current Assets
4,175,013 36.7 3,693,156 41.0
Property, Less Accumulated Depreciation (Notes
4
and
6
)
7,034,960 61.8 5,177,222 57.5
Long-Term Investments (Note
3
)
34,690 0.3 31,114 0.3
Other Assets (Note
1
)
131,091 1.2 110,831 1.2
Total Assets
$11,375,754 100.0 % $ 9,012,323 100.0 %
Liabilities and Shareholders’ Equity
Current Liabilities:
Short-Term Borrowings (Note
5
)
$ 249,829 2.2 % $ 92,475 1.0 %
Current Maturities of Long-Term Debt (Note
6
)
42,341 0.4 59,908 0.7
Accounts Payable
1,731,957 15.2 1,566,946 17.4
Employee Retirement Plans (Note
11
)
75,656 0.7 101,946 1.1
Accrued Salaries and Wages
166,392 1.4 164,003 1.8
Other Current Liabilities
662,410 5.8 400,676 4.5
Total Current Liabilities
2,928,585 25.7 2,385,954 26.5
Long-Term Debt, Excluding Current Maturities (Notes
6
,
7
and
10
)
2,697,669 23.8 1,726,579 19.2
Deferred Income Taxes (Note
12
)
251,450 2.2 199,824 2.2
Other Long-Term Liabilities
3,165 — 4,495 —
Total Liabilities
5,880,869 51.7 4,316,852 47.9
Shareholders’ Equity (Note
9
):
Preferred Stock —
$5
Par Value, none issued
——
Common Stock —
$.50
Par Value;
Shares Issued and Outstanding
February
2, 2001 383,242
January
28, 2000 382,359 191,621 1.7 191,179 2.1
Capital in Excess of Par Value
1,786,769 15.7 1,755,616 19.5
Retained Earnings
3,518,356 30.9 2,761,964 30.6
Unearned Compensation — Restricted Stock Awards
(2,312) — (12,868) (0.1)
Accumulated Other Comprehensive Income (Loss)
451 — (420) —
Total Shareholders’ Equity
5,494,885 48.3 4,695,471 52.1
Total Liabilities and Shareholders’ Equity
$11,375,754 100.0 % $ 9,012,323 100.0 %
See accompanying notes to consolidated financial statements.
Lowe’s Companies, Inc.
Consolidated Balance Sheets