Lowe's 2007 Annual Report Download - page 45

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LOWE’S 2007 ANNUAL REPORT |43
Selected Statement of Earnings Data
(In millions, except per share data) 2007 2006 2005* 2004 2003
Net sales $48,283 $46,927 $43,243 $36,464 $30,838
Gross margin 16,727 16,198 14,790 12,240 9,533
Earnings from continuing operations 2,809 3,105 2,765 2,167 1,807
Earnings from discontinued operations, net of tax – – – – 15
Net earnings 2,809 3,105 2,765 2,167 1,822
Basic earnings per share – continuing operations 1.90 2.02 1.78 1.39 1.15
Basic earnings per share – discontinued operations – – – – 0.01
Basic earnings per share 1.90 2.02 1.78 1.39 1.16
Diluted earnings per share – continuing operations 1.86 1.99 1.73 1.35 1.12
Diluted earnings per share – discontinued operations – – – – 0.01
Diluted earnings per share 1.86 1.99 1.73 1.35 1.13
Dividends per share $ 0.29 $ 0.18 $ 0.11 $ 0.08 $ 0.06
Selected Balance Sheet Data
Total assets $30,869 $27,767 $24,639 $21,101 $18,667
Long-term debt, excluding current maturities $ 5,576 $ 4,325 $ 3,499 $ 3,060 $ 3,678
Note: The selected financial data has been adjusted to present the 2003 disposal of the Contractor Yards as a discontinued operation for all periods.
* Fiscal year 2005 contained 53 weeks, while all other years contained 52 weeks.
Selected Quarterly Data
(In millions, except per share data) First Second Third Fourth
2007
Net sales $12,172 $14,167 $11,565 $10,379
Gross margin 4,259 4,883 3,964 3,620
Net earnings 739 1,019 643 408
Basic earnings per share 0.49 0.68 0.44 0.28
Diluted earnings per share $ 0.48 $ 0.67 $ 0.43 $ 0.28
(In millions, except per share data) First Second Third Fourth
2006
Net sales $11,921 $13,389 $11,211 $10,406
Gross margin 4,169 4,478 3,865 3,687
Net earnings 841 935 716 613
Basic earnings per share 0.54 0.61 0.47 0.40
Diluted earnings per share $ 0.53 $ 0.60 $ 0.46 $ 0.40
Lowe’s Companies, Inc.
SELECTED FINANCIAL DATA (Unaudited)
Alabama 35
Alaska 4
Arizona 29
Arkansas 20
California 93
Colorado 24
Connecticut 10
Delaware 9
Florida 105
Georgia 61
Hawaii 3
Idaho 8
Illinois 37
Indiana 42
Iowa 11
Kansas 10
Kentucky 41
Louisiana 27
Maine 9
Maryland 26
Massachusetts 22
Michigan 47
Minnesota 12
Mississippi 22
Missouri 40
Montana 5
Nebraska 5
Nevada
16
New Hampshire
11
New Jersey 34
New Mexico 10
New York 51
North Carolina
100
North Dakota
3
Ohio 77
Oklahoma 26
Oregon 12
Pennsylvania
71
Rhode Island 4
South Carolina
42
South Dakota 3
Tennessee 54
Texas 123
Utah 14
Vermont 1
Virginia 57
Washington 33
West Virginia 18
Wisconsin 10
Wyoming 1
Total U.S. Stores 1,528
Ontario
6
Total Stores 1,534
Lowe’s Stores by State and Province
(As of February 1, 2008)