Lowe's 2012 Annual Report Download - page 27

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13
Issuer Purchases of Equity Securities
The following table sets forth information with respect to purchases of the Company’s common stock made during the
fourth quarter of 2012:
(In millions, except average
price paid per share)
Total
Number o
f
Shares
Purchased 1
Average
Price Paid
per Share
Total
Number o
f
Shares
Purchased
as Part o
f
Publicly
Announced
Plans or
Programs 2
Dollar
Value o
f
Shares
that Ma
y
Yet Be
Purchased
Under the
Plans or
Programs 2
N
ovember 3, 2012 – November 30, 2012 ................ 4.3 $ 35.15 4.3 $ 750
December 1, 2012 – January 4, 2013 ....................... 17.0 35.20 17.0 150
January 5, 2013 – February 1, 2013 ......................... - - - 5,000
As of February 1, 2013 .......................................... 21.3 $ 35.19 21.3 $ 5,000
1 During the fourth quarter of fiscal 2012, the Company repurchased an aggregate of 21.3 million shares of its common
stock. The total number of shares purchased also includes an insignificant number of shares withheld from employees to
satisfy either the exercise price of stock options or the statutory withholding tax liability upon the vesting of restricted
stock awards.
2 Authorization for up to $5.0 billion of share repurchases with no expiration was approved on August 19, 2011 by the
Company's Board of Directors. On February 1, 2013, the Company’s Board of Directors authorized an additional $5.0
billion of share repurchases with no expiration. The remaining prior authorization of $150 million was simultaneously
terminated. Although the repurchase authorization has no expiration, the Company expects to execute the program by
the end of fiscal 2014 through purchases made from time to time either in the open market or through private off market
transactions in accordance with SEC regulations.
Item 6 - Selected Financial Data
Selected Statement of Earnings Data
(In millions, except per share data) 2012 201112010 2009 2008
N
et sales ................................................................... $ 50,521 $ 50,208 $ 48,815 $ 47,220 $ 48,230
Gross margin ............................................................ 17,327 17,350 17,152 16,463 16,501
N
et earnings ............................................................. 1,959 1,839 2,010 1,783 2,195
Basic earnings per common share ............................ 1.69 1.43 1.42 1.21 1.50
Diluted earnings per common share ........................ 1.69 1.43 1.42 1.21 1.49
Dividends per share ................................................. $ 0.620 $ 0.530 $ 0.420 $ 0.355 $ 0.335
Selected Balance Sheet Data
Total assets .............................................................. $ 32,666 $ 33,559 $ 33,699 $ 33,005 $ 32,625
Long-term debt, excluding current maturities .......... $ 9,030 $ 7,035 $ 6,537 $ 4,528 $ 5,039
1 Fiscal 2011 contained 53 weeks, while all other years contained 52 weeks.