Lowe's 2005 Annual Report Download - page 31
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February3, % January28, %
(Inmillions,exceptparvalueandpercentagedata) 2006 Total 2005 Total
Assets
Currentassets:
Cashandcashequivalents(Note1) $ 423 1.7% $ 530 2.5%
Short-terminvestments(Notes1and3) 453 1.8 283 1.3
Accountsreceivable–net(Note1) 18 0.1 9 –
Merchandiseinventory–net(Note1) 6,706 27.2 5,911 28.0
Deferredincometaxes–net(Note13) 127 0.5 95 0.5
Otherassets 104 0.4 75 0.4
Totalcurrentassets
7,831 31.7 6,903 32.7
Property,lessaccumulateddepreciation(Notes4and5) 16,354 66.3 13,911 65.8
Long-terminvestments(Notes1and3) 294 1.2 146 0.7
Otherassets(Note5) 203 0.8 178 0.8
Totalassets $ 24,682 100.0% $ 21,138 100.0%
Liabilitiesandshareholders’equity
Currentliabilities:
Currentmaturitiesoflong-termdebt(Note7) $ 32 0.1% $ 630 3.0%
Accountspayable 2,832 11.5 2,695 12.7
Accruedsalariesandwages 424 1.7 386 1.8
Self-insuranceliabilities(Note1) 571 2.3 467 2.2
Deferredrevenue(Note1) 709 2.9 539 2.6
Othercurrentliabilities(Notes1and5) 1,264 5.1 931 4.4
Totalcurrentliabilities 5,832 23.6 5,648 26.7
Long-termdebt,excludingcurrentmaturities(Notes7,8and11) 3,499 14.2 3,060 14.5
Deferredincometaxes(Note13) 735 3.0 736 3.5
Otherlong-termliabilities(Note1) 277 1.1 159 0.7
Totalliabilities 10,343 41.9 9,603 45.4
Shareholders’equity(Note10):
Preferredstock–$5parvalue,noneissued – – – –
Commonstock–$.50parvalue;
Sharesissuedandoutstanding
February3,2006 784
January28,2005 774 392 1.6 387 1.8
Capitalinexcessofparvalue 1,712 6.9 1,514 7.2
Retainedearnings 12,234 49.6 9,634 45.6
Accumulatedothercomprehensiveincome 1 – – –
Totalshareholders’equity 14,339 58.1 11,535 54.6
Totalliabilitiesandshareholders’equity $
24,682 100.0% $
21,138 100.0%
Seeaccompanyingnotestotheconsolidatedfinancialstatements.
Lowe’sCompanies,Inc.
ConsolidatedBalanceSheets