|
|
LOWE’S
COMPANIES, INC. |
Consolidated
Statements of Earnings |
(in millions, except per share and percentage data) |
|
Fiscal Years
Ended on |
|
February 3, 2012 |
% Sales |
|
January 28, 2011 |
% Sales |
|
January 29, 2010 |
% Sales |
|
Net sales |
$48,249 |
100.00 |
% |
$48,291 |
100.00 |
% |
$46,934 |
100.00 |
% |
Cost of
sales |
31,743 |
???? |
|
31,567 |
??? |
|
30,734 |
??? |
|
Gross
margin |
16,506 |
100.00 |
|
16,724 |
100.00 |
|
16,200 |
100.00 |
|
Expenses: |
|
|
|
|
|
|
|
|
|
Selling,
general, and administrative |
11,094 |
???? |
|
10,533 |
???? |
|
9,757 |
???? |
|
Depreciation |
1,545 |
???? |
|
1,369 |
??? |
|
1,166 |
??? |
|
Interest-net |
282 |
????? |
|
212 |
??? |
|
168 |
??? |
|
Total
expenses |
12,921 |
0.00 |
|
12,114 |
0.00 |
|
11,091 |
0.00 |
|
Pre-tax
earnings |
3,585 |
100.00 |
|
4,610 |
100.00 |
|
5,109 |
100.00 |
|
Income tax
provision |
1,317 |
???? |
|
1,721 |
???? |
|
1,897 |
???? |
|
Net earnings |
$2,268 |
100.00 |
% |
$2,889 |
100.00 |
% |
$3,212 |
100.00 |
% |
|
|