Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Lowe’s Cos. Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Aug 2, 2024 May 3, 2024 Feb 2, 2024 Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018
Cash and cash equivalents 4,360 3,237 921 1,210 3,494 2,950 1,348 3,192 1,482 3,414 1,133 6,121 4,835 6,692 4,690 8,249 11,641 5,955 716 794 1,796 2,973 511 1,668 2,251 1,565
Short-term investments 330 264 307 321 374 423 384 464 450 368 271 552 1,420 454 506 1,852 1,085 201 160 127 275 190 218 208 391 205
Merchandise inventory, net 16,841 18,224 16,894 17,530 17,422 19,522 18,532 19,817 19,329 20,239 17,605 16,685 17,322 18,382 16,193 15,712 13,831 14,283 13,179 13,716 13,730 15,026 12,561 12,365 11,885 13,204
Other current assets 806 1,025 949 907 946 1,023 1,178 1,518 1,406 1,590 1,051 1,491 1,506 1,288 937 1,103 1,160 1,487 1,263 1,025 995 1,146 938 897 956 1,059
Current assets 22,337 22,750 19,071 19,968 22,236 23,918 21,442 24,991 22,667 25,611 20,060 24,849 25,083 26,816 22,326 26,916 27,717 21,926 15,318 15,662 16,796 19,335 14,228 15,138 15,483 16,033
Property, less accumulated depreciation 17,515 17,531 17,653 17,527 17,373 17,402 17,567 17,275 18,713 18,890 19,071 18,925 19,031 19,059 19,155 18,683 18,612 18,501 18,669 18,371 18,203 18,150 18,432 18,923 19,172 19,500
Operating lease right-of-use assets 3,819 3,829 3,733 3,647 3,650 3,504 3,518 3,512 4,158 4,131 4,108 4,161 3,820 3,886 3,832 3,823 3,798 3,876 3,891 3,873 3,967 3,926
Long-term investments 292 306 252 238 182 103 121 63 56 76 199 213 225 197 200 202 326 300 372 363 179 235 256 290 87 321
Deferred income taxes, net 184 115 248 280 230 150 250 301 104 33 164 220 221 213 340 241 267 215 216 479 512 495 294 285 249 199
Other assets 787 834 838 859 850 840 810 831 1,027 984 1,038 1,032 1,024 1,029 882 1,015 1,043 1,014 1,005 1,016 1,038 1,078 1,298 2,077 2,114 2,184
Noncurrent assets 22,597 22,615 22,724 22,551 22,285 21,999 22,266 21,982 24,058 24,114 24,580 24,551 24,321 24,384 24,409 23,964 24,046 23,906 24,153 24,102 23,899 23,884 20,280 21,575 21,622 22,204
Total assets 44,934 45,365 41,795 42,519 44,521 45,917 43,708 46,973 46,725 49,725 44,640 49,400 49,404 51,200 46,735 50,880 51,763 45,832 39,471 39,764 40,695 43,219 34,508 36,713 37,105 38,237

Based on: 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. current assets increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025.
Property, less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Lowe’s Cos. Inc. property, less accumulated depreciation decreased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Lowe’s Cos. Inc. noncurrent assets decreased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lowe’s Cos. Inc. total assets increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Lowe’s Cos. Inc. cash and cash equivalents increased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Lowe’s Cos. Inc. short-term investments decreased from Q4 2024 to Q1 2025 but then increased from Q1 2025 to Q2 2025 exceeding Q4 2024 level.
Merchandise inventory, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Lowe’s Cos. Inc. merchandise inventory, net increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.