Lowe's 2014 Annual Report Download - page 25

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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 2014:
(In millions, except average
price paid per share)
Tot al Nu mbe r o f
Shares Purchased 1
Average Price
Paid per Share
Tot al Nu mbe r o f
Shares Purchased
as Part of Publicly
Announced Plans
or Programs 2
Dollar Value of
Shares that May
Yet B e
Purchased
Under the Plans
P2
November 1, 2014 – November 28, 2014 1.4 $ 63.20
1.4
$ 3,300
November 29, 2014 – January 2, 2015 6.0 66.21
6.0
2,904
January 3, 2015 – January 30, 2015 7.5 68.33
7.5
2,388
As of January 30, 2015 14.9
$ 67.00
14.9
$ 2,388
1 During the fourth quarter of fiscal 2014, the Company repurchased an aggregate of 14.9 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 On February 1, 2013, the Company's Board of Directors authorized a $5.0 billion share repurchase program with no
expiration. On January 31, 2014, the Company’s Board of Directors authorized an additional $5.0 billion under the
repurchase program with no expiration, following which, the Company had an available share repurchase authorization of
$6.3 billion. As of January 30, 2015, the Company had $2.4 billion remaining available under the program. On March 20,
2015, the Company's Board of Directors authorized an additional $5.0 billion under the repurchase program with no
expiration. In fiscal 2015, the Company expects to repurchase shares totaling $3.8 billion 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) 2014 2013 2012 2011 1 2010
Net sales $ 56,223
$ 53,417
$ 50,521
$ 50,208
$ 48,815
Gross margin 19,558
18,476
17,327 17,350
17,152
Net earnings 2,698
2,286
1,959 1,839
2,010
Basic earnings per common share 2.71
2.14
1.69 1.43
1.42
Diluted earnings per common share 2.71
2.14
1.69 1.43
1.42
Dividends per share $ 0.87
$ 0.70
$ 0.62
$ 0.53
$ 0.42
Selected Balance Sheet Data
Total assets $ 31,827
$ 32,732
$ 32,666
$ 33,559
$ 33,699
Long-term debt, excluding current maturities $ 10,815
$ 10,086
$ 9,030
$ 7,035
$ 6,537
1 Fiscal 2011 contained 53 weeks, while all other years contained 52 weeks.
15
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