Lowe's 2001 Annual Report Download - page 40

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Lo we’s Co mpanies, Inc. 38
NOTE 14 > LITI GATI ON
The Co mpany is a defendant in legal pro ceedings co nsidered to
be in the no rmal co urse of business, no ne of which, singularly o r
co llectively, are c o nsidered material to the Co mpany.
NOTE 15 > OTHER I NFORMATI ON
Net interest expense is composed of the following:
( In Tho usands) 2001 2000 1999
Lo ng-Term De bt $161,228 $117,024 $86,675
Mortgage Interest 7,980 7, 667 6,686
Capitalized Leases 40,441 42,041 42, 552
Sho rt- Term Debt 4,154 11,638 5,847
Amo rtizatio n o f Original Issue
Disco unt and Lo an Co sts 18,165 2,631 801
Interest Inco me ( 24,653) (25,049) ( 38,373)
Interest Capitalized (33,778) ( 35, 127) ( 19,336)
Net I nt erest Expense $173,537 $120,825 $84,852
Supplemental Disclosures of Cash Flow I nformation:
( In Tho usands) 2001 2000 1999
Cash Paid fo r Interest
( Net o f Amo unt Capitalized) $ 178,354 $ 132,457 $ 128,265
Cash Paid fo r Inco me Taxes $ 532,235 $ 428,385 $ 408,366
Noncash I nvesting and Financing Activities:
Fixed Assets Acquired under
Capital Leases $ 12,677 $ 1,259 $ 27,573
Terminatio n of Capital Leases –2,223 –
Co mmo n Sto c k Issued to ESOP ( No te 12) 63,449 –59,512
Co mmo n Sto c k Issued to Executives and
Directo rs, ne t o f Unearned Compensation 1, 912 7,734 12,488
No te s Re ceived in Exchange fo r Sale
of Real Estate $ 4, 150 $ –$–
Sales by Product Category:
2001 2000 1999
––– ––– – ––– – ––– – ––– ––– – ––– – ––– –––– ––– – – ––– – ––– – ––– ––– – ––– – ––– – ––– ––– – ––– – –– –– – ––– ––– – ––– – ––– –––– ––– – ––– – ––– ––––
( Dollars in Millio ns) Total To tal To tal
Pro duc t Catego ry Sales % Sales % Sale s %
Applianc es $2,504 11 % $ 1,922 10 % $ 1,341 8 %
Lumb er/ Plywo o d 1 ,9 97 9 1, 67 6 9 1,6 07 1 0
Outdo o r Fashio n 1,474 7 1,323 7 1,102 7
Millwo rk 1 ,443 6 1, 19 7 6 1,0 21 6
Nurse ry 1,401 6 1,247 7 1,006 6
Cabinets/ Furniture/
Shelving 1, 383 6 1,138 6 897 6
Fashio n Elec trical 1,340 6 1,135 6 959 6
To o ls 1, 282 6 1 ,1 24 6 951 6
Flo o ring 1, 27 8 6 1 ,00 9 5 7 26 5
Fashio n Plumbing 1,263 6 1,046 6 862 5
Hardware 1, 251 6 1,070 6 946 6
Paint 1, 244 6 996 5 858 5
Building Materials 1,239 6 1, 148 6 1,080 7
Ro ugh Plumbing
& Electrical 1,147 5 993 5 854 5
Outdo o r Po we r
Equipment 818 4 768 4 676 4
Walls/ Windo ws 5 33 2 452 2 3 61 2
Other 514 2 535 4 659 6
Totals $22,111 100 % $18,779 100 % $15,906 100 %