Lowe's 2006 Annual Report Download - page 21

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Lowe’s 2006 Financial Review
Management’s Discussion and Analysis of
Financial Condition and Results of Operations 18
Management’s Report on Internal Control
Over Financial Reporting 26
Reports of Independent Registered
Public Accounting Firm 27
Consolidated Statements of Earnings 28
Consolidated Balance Sheets 29
Consolidated Statements of Shareholders’ Equity 30
Consolidated Statements of Cash Flows 31
Notes to Consolidated Financial Statements 32
Selected Financial Data 42
Stock Performance, Stock Splits and
Stock Dividends 44
Quarterly Review of Performance 45
10-Year Financial History 46
Annual Earnings Per Share
02 03 04 05 06
Annual Cash Dividends
$0.93
$1.13
$1.35
$1.73
$1.99
02 03 04 05 06
$0.04
$0.06
$0.08
$0.11
$0.18
Over the last 5 years, earnings per share have
grown from $0.93 to $1.99, a 26% compound
annual growth rate for the period.
Lowe’s has paid a cash dividend every quarter
since going public in 1961. Our dividend has
increased substantially over the last 5 years,
growing at a 36% compound annual rate.