LOWES COMPANIES INC
For the period ended Nov 1, 2024. Filed Nov 27, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 1, 2024 · Filed Nov 27, 2024
LOW$231.87-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Unaudited)
In Millions
| Nine Months Ended | ||
|---|---|---|
| November 1, 2024 | November 3, 2023 | |
| Cash flows from operating activities: | ||
| Net earnings | $5,833 | $6,706 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,461 | 1,427 |
| Noncash lease expense | 392 | 370 |
| Deferred income taxes | (10) | (27) |
| Loss on property and other assets – net | 11 | 50 |
| Gain on sale of business | (97) | (79) |
| Share-based payment expense | 164 | 160 |
| Changes in operating assets and liabilities: | ||
| Merchandise inventory – net | (672) | 1,002 |
| Other operating assets | 114 | 236 |
| Accounts payable | 1,944 | (610) |
| Other operating liabilities | (426) | (2,203) |
| Net cash provided by operating activities | 8,714 | 7,032 |
| Cash flows from investing activities: | ||
| Purchases of investments | (999) | (1,283) |
| Proceeds from sale/maturity of investments | 918 | 1,215 |
| Capital expenditures | (1,379) | (1,344) |
| Proceeds from sale of property and other long-term assets | 54 | 29 |
| Proceeds from sale of business | 97 | 100 |
| Other – net | (11) | (23) |
| Net cash used in investing activities | (1,320) | (1,306) |
| Cash flows from financing activities: | ||
| Net change in commercial paper | — | (499) |
| Net proceeds from issuance of debt | — | 2,983 |
| Repayment of debt | (522) | (576) |
| Proceeds from issuance of common stock under share-based payment plans | 95 | 79 |
| Cash dividend payments | (1,916) | (1,899) |
| Repurchases of common stock | (2,681) | (5,937) |
| Other – net | (20) | (15) |
| Net cash used in financing activities | (5,044) | (5,864) |
| Net increase/(decrease) in cash and cash equivalents | 2,350 | (138) |
| Cash and cash equivalents, beginning of period | 921 | 1,348 |
| Cash and cash equivalents, end of period | $3,271 | $1,210 |
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