Lowe's 2001 Annual Report Download - page 27

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Lo we’s Co mpanies, Inc.
25
( In Tho usands, Except Per Share Data) February 1, % February 2, % January 28, %
Years Ended o n 2002 Sales 2001 Sales 2000 Sales
Net Sales $ 22,111,108 100.0% $ 18,778,559 100.0 % $ 15,905,595 100.0 %
Co st of Sales 15,743,267 71.2 13,487,791 71.8 11,525,013 72.5
Gross Margin 6,367,841 28.8 5,290,768 28.2 4,380,582 27.5
Expenses:
Selling, General and Administrative
( No te 5) 3,913,355 17.7 3,348,060 17.8 2,772,428 17.4
Sto re Opening Co sts 139,870 0.6 131,825 0.7 98,448 0.6
Depre ciatio n 516,828 2.4 408,618 2.2 337,359 2.1
Interest ( No te 15) 173,537 0.8 120,825 0.7 84,852 0.5
No nrecurring Merger Co sts ( No te 2) –– – – 24,378 0.2
Total Expenses 4,743,590 21.5 4,009,328 21.4 3,317,465 20.8
Pre-Tax Earnings 1,624,251 7.3 1,281,440 6.8 1,063,117 6.7
Inco me Tax Pro visio n ( No te 13) 600,989 2.7 471,569 2.5 390,322 2.5
Net Earnings $ 1,023,262 4.6% $ 809,871 4.3 % $ 672,795 4.2 %
Basic Earnings Per Share ( No te 9) $ 1.33 $ 1.06 $ 0.88
Diluted Earnings Per Share ( No te 9) $ 1.30 $ 1.05 $ 0.88
Cash Dividends Per Share $ 0.08 $ 0.07 $ 0.06
Se e acco mpanying note s to co nso lidate d financial stat e me nts.
Lo we’s Co mpanies, Inc.
Co nso lidated Statements of Earnings