LOWES COMPANIES INC
For the period ended Feb 2, 2024. Filed Mar 25, 2024.
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FY2024 · Filed Mar 25, 2024
LOW$232.10+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except par value)
| February 2, 2024 | February 3, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $921 | $1,348 |
| Short-term investments | 307 | 384 |
| Merchandise inventory – net | 16,894 | 18,532 |
| Other current assets | 949 | 1,178 |
| Total current assets | 19,071 | 21,442 |
| Property, less accumulated depreciation | 17,653 | 17,567 |
| Operating lease right-of-use assets | 3,733 | 3,518 |
| Long-term investments | 252 | 121 |
| Deferred income taxes – net | 248 | 250 |
| Other assets | 838 | 810 |
| Total assets | $41,795 | $43,708 |
| Liabilities and shareholders’ deficit | ||
| Current liabilities: | ||
| Short-term borrowings | $— | $499 |
| Current maturities of long-term debt | 537 | 585 |
| Current operating lease liabilities | 487 | 522 |
| Accounts payable | 8,704 | 10,524 |
| Accrued compensation and employee benefits | 954 | 1,109 |
| Deferred revenue | 1,408 | 1,603 |
| Income taxes payable | 33 | 1,181 |
| Other current liabilities | 3,445 | 3,488 |
| Total current liabilities | 15,568 | 19,511 |
| Long-term debt, excluding current maturities | 35,384 | 32,876 |
| Noncurrent operating lease liabilities | 3,737 | 3,512 |
| Deferred revenue – Lowe’s protection plans | 1,225 | 1,201 |
| Other liabilities | 931 | 862 |
| Total liabilities | 56,845 | 57,962 |
| Commitments and contingencies | ||
| Shareholders’ deficit: | ||
| Preferred stock – $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none | — | — |
| Common stock – $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 574 million and 601 million, respectively | 287 | 301 |
| Accumulated deficit | (15,637) | (14,862) |
| Accumulated other comprehensive income | 300 | 307 |
| Total shareholders’ deficit | (15,050) | (14,254) |
| Total liabilities and shareholders’ deficit | $41,795 | $43,708 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.