Lowe's 2013 Annual Report Download - page 6

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EBIT MARGIN2
(in percent)
0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
’13
’12’11
’10’09
DILUTED EARNINGS
PER COMMON SHARE
(in dollars)
’13
’12’11
’10’09
RETURN ON
INVESTED CAPITAL5
(in percent)
’13
’12’11
’10’09
SALES PER SELLING
SQUARE FOOT6
(in dollars)
’13
’12’11
’10’09
0
50
100
150
200
250
300
Dollars in Millions, Except Per Share Data 2013 2012 2011
1
Net sales $ 53,417 $ 50,521 $ 50,208
Gross margin 34.59% 34.30% 34.56%
EBIT margin
2
7.77% 7.05% 6.53%
Net earnings (% to sales) 4.28% 3.88% 3.66%
Diluted earnings per common share $ 2.14 $ 1.69 $ 1.43
Cash dividends per share $ 0.70 $ 0.62 $ 0.53
Total assets $ 32,732 $ 32,666 $ 33,559
Shareholders’ equity $ 11,853 $ 13,857 $ 16,533
Net cash provided by operating activities $ 4,111 $ 3,762 $ 4,349
Capital expenditures $ 940 $ 1,211 $ 1,829
Comparable sales increase
3
4.8% 1.4% 0.0%
Total customer transactions (in millions) 828 804 810
Average ticket
4
$ 64.52 $ 62.82 $ 62.00
Selling square feet (in millions) 200 197 197
Return on invested capital
5
11.5% 9.3% 8.7%
1 Fiscal year 2011 contained 53 weeks. Fiscal years 2013 and 2012 contained 52 weeks.
2 EBIT margin, also referred to as operating margin, is defined as earnings before interest and taxes as a percentage of sales.
3 Please see the Management’s Discussion and Analysis section of our Annual Report on Form 10-K for the definition and calculation of a comparable
location.
4 Average ticket is defined as net sales divided by the total number of customer transactions.
5 Return on invested capital (ROIC) is a non-GAAP measure. Please see the Management’s Discussion and Analysis section of our Annual Report on Form
10-K for the definition of ROIC and a reconciliation of ROIC for the periods presented to the most directly comparable GAAP measure.
6 Sales per selling square foot is defined as sales divided by the average of beginning and ending selling square feet.
FINANCIAL HIGHLIGHTS
44