Lowe's 2001 Annual Report Download - page 28

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Lo we’s Co mpanies, Inc. 26
February 1, % February 2, %
( In Tho usands, Exce pt Par Value Data) 2002 To tal 2001 Total
Assets
Current Assets:
Cash and Cash Equivalents $ 798,839 5.8 % $ 455,658 4.0 %
Sho rt- Term Investments ( No te 3) 54,389 0.4 12,871 0.1
Acco unts Rece ivable — Net ( No tes 1 and 6) 165,578 1.2 160,985 1.4
Merchandise Invento ry ( No te 1) 3, 610,776 26.3 3, 285,370 28.9
Deferred Inco me Taxes (No te 13) 92, 504 0. 7 81, 044 0.7
Other Current Assets 198,306 1.4 161,498 1.5
Total Current Assets 4,920,392 35.8 4,157,426 36.6
Pro perty, Less Accumulated Depreciatio n ( No tes 4 and 7) 8, 653,439 63.0 7, 034,960 61.9
Lo ng-Term Investments ( No te 3) 21,660 0.2 34,690 0.3
Other Assets ( No te 5) 140,728 1.0 131,091 1.2
Total Assets $ 13,736,219 100.0 % $ 11,358,167 100.0 %
Liabilities and Shareholders’ Equity
Current Liabilities:
Sho rt- Term Bo rro wings ( No te 6) $ 100,000 0.7 % $ 249,829 2.2 %
Current Maturities o f Lo ng- Term Debt ( No te 7) 59,259 0.5 42,341 0.4
Acco unts Payable 1, 714,776 12.5 1, 714,370 15.1
Emplo yee Retirement Plans ( No te 12) 126,339 0.9 75,656 0.7
Accrued Salaries and Wages 220,885 1.6 166,392 1.4
Other Current Liabilities ( No te 5) 795,571 5.8 662,410 5.8
Total Current Liabilities 3,016,830 22.0 2,910,998 25.6
Lo ng-Term De bt, Excluding Current Maturities ( Notes 7, 8 and 11) 3, 734,011 27.2 2, 697,669 23.8
Deferred Inco me Taxes (No te 13) 304,697 2.2 251,450 2.2
Other Lo ng - Term Liabilitie s 6, 239 –3,165 –
Total Liabilities 7,061,777 51.4 5,863,282 51.6
Shareholders’ Equity ( No te 10) :
Preferred Sto ck — $5 Par Value, no ne issued –– ––
Co mmo n Sto c k — $.50 Par Value;
Shares Issued and Outstanding
February 1, 2002 775,714
February 2, 2001 766,484 387,857 2.8 383,242 3.4
Capital in Excess of Par Value 1,804, 161 13.2 1,595,148 14. 0
Re tained Earnings 4, 481,734 32.6 3, 518,356 31.0
Unearned Compensation — Restricted Sto c k Awards –– ( 2 ,3 12) –
Accumulated Other Co mprehensive Inco me 690 –451 –
Total Shareholders’ Equity 6,674,442 48.6 5,494,885 48.4
Total Liabilities and Shareholders’ Equity $ 13,736,219 100.0 % $ 11,358,167 100.0 %
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 Balance Sheets