Lowe's 2009 Annual Report Download - page 33

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31
Lowe’s Companies, Inc.
CONSOLIDATED BALANCE SHEETS
January 29,
%
January 30,
%
(In millions, except par value and percentage data) 2010
Total
2009 Total
Assets
Current assets:
Cash and cash equivalents $ 632 1.9% $ 245 0.8%
Short-term investments 425 1.3 416 1.3
Merchandise inventory – net 8,249 25.0 8,209 25.2
Deferred income taxes – net 208 0.6 105 0.3
Other current assets 218 0.7 215 0.6
Total current assets 9,732 29.5 9,190 28.2
Property, less accumulated depreciation 22,499 68.2 22,722 69.6
Long-term investments 277 0.8 253 0.8
Other assets 497 1.5 460 1.4
Total assets $ 33,005 100.0% $ 32,625 100.0%
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term borrowings $ – – % $ 987 3.0%
Current maturities of long-term debt 552 1.7 34 0.1
Accounts payable 4,287 13.0 4,109 12.6
Accrued compensation and employee benefits 577 1.7 434 1.3
Deferred revenue 683 2.1 674 2.1
Other current liabilities 1,256 3.8 1,322 4.1
Total current liabilities 7,355 22.3 7,560 23.2
Long-term debt, excluding current maturities 4,528 13.7 5,039 15.4
Deferred income taxes – net 598 1.8 599 1.8
Other liabilities 1,455 4.4 1,372 4.3
Total liabilities 13,936 42.2 14,570 44.7
Commitments and contingencies
Shareholders’ equity:
Preferred stock – $5 par value, none issued – – – –
Common stock – $.50 par value;
Shares issued and outstanding
January 29, 2010 1,459
January 30, 2009 1,470 729 2.2 735 2.2
Capital in excess of par value 6 – 277 0.8
Retained earnings 18,307 55.5 17,049 52.3
Accumulated other comprehensive income (loss) 27 0.1 (6) –
Total shareholders’ equity 19,069 57.8 18,055 55.3
Total liabilities and shareholders’ equity $ 33,005 100.0% $ 32,625 100.0%
See accompanying notes to consolidated financial statements.