← LOWES COMPANIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings — $3.1b $3.4b $2.3b $4.3b $5.8b $8.4b $6.4b $7.7b $7.0b $6.7b
Net Income (Loss) Attributable to Parent $2.5b $3.1b $3.4b $2.3b $4.3b $5.8b $8.4b $6.4b $7.7b $7.0b $6.7b
Net Income (Loss) Available to Common Stockholders, Basic $2.5b $3.1b $3.4b $2.3b $4.3b $5.8b $8.4b $6.4b $7.7b $6.9b $6.6b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $2.5b $3.1b $3.4b $2.3b $4.3b $5.8b $8.4b — — — —
Amortization of Intangible Assets — — — — — $59.0m $32.0m — — $13.0m $140.0m
Depreciation, Depletion and Amortization $1.6b $1.6b $1.5b $1.6b $1.4b $1.6b $1.9b $2.0b $1.9b $2.0b $1.9b
Depreciation, Depletion and Amortization, Nonproduction — $1.6b $1.5b $1.6b $1.4b $1.6b $1.9b $2.0b $1.9b $2.0b $1.9b
Depreciation, Nonproduction $1.5b $1.5b $1.4b $1.6b $1.4b $1.5b $1.8b $1.9b $1.9b $2.0b —
Deferred Income Tax Expense (Benefit) ($63.0m) $9.0m $56.0m ($157.0m) $139.0m ($99.0m) $140.0m ($188.0m) $5.0m $8.0m —
Deferred income taxes — $28.0m $53.0m ($151.0m) $177.0m ($108.0m) $135.0m ($239.0m) $6.0m $9.0m $256.0m
Asset impairment and loss on property - net — $143.0m $40.0m $630.0m $117.0m $139.0m $34.0m $2.1b $83.0m $5.0m $53.0m
Equity Method Investment, Other than Temporary Impairment $530.0m — — — — — — — — — —
Gain (Loss) on Sale of Assets and Asset Impairment Charges ($30.0m) ($143.0m) ($40.0m) ($630.0m) ($117.0m) ($139.0m) ($34.0m) ($2.1b) ($83.0m) ($5.0m) —
Goodwill, Impairment Loss $0 $46.0m $0 $952.0m $0 — — — — — —
Proceeds from issuance of common stock under share-based payment plans — $139.0m $139.0m $114.0m $118.0m $152.0m $132.0m $151.0m $141.0m $159.0m $149.0m
Share-based Payment Arrangement, Expense $117.0m $90.0m $99.0m $74.0m $98.0m $155.0m $230.0m $224.0m $210.0m $221.0m —
Share-based Payment Arrangement, Noncash Expense $117.0m $90.0m $99.0m $74.0m $98.0m $155.0m $230.0m $223.0m $210.0m $221.0m —
Share-based payment expense — $90.0m $99.0m $74.0m $98.0m $155.0m $230.0m $223.0m $210.0m $221.0m $247.0m
Gain (Loss) on Disposition of Business — — — — — — $0 ($421.0m) $79.0m $177.0m —
Gain (Loss) on Extinguishment of Debt — $0 ($464.0m) $0 $0 ($1.1b) $0 — — — —
Income Tax Expense (Benefit) $1.9b $2.1b $2.0b $1.1b $1.3b $1.9b $2.8b $2.6b $2.4b $2.2b $2.1b
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable — $653.0m ($92.0m) $1.7b ($637.0m) $3.2b $466.0m ($549.0m) ($1.8b) $633.0m $73.0m
Accrued capital expenditures $1.2b $1.2b $1.1b $1.2b $1.5b $1.8b $1.9b $1.8b $2.0b $1.9b —
Acquisition of businesses - net — ($2.4b) ($509.0m) $0 $0 — — — $0 $0 ($10.1b)
Gain on sale of business — — — — — $0 $0 $421.0m ($79.0m) ($177.0m) $0
Goodwill $154.0m $1.1b $1.3b $303.0m $303.0m $311.0m $311.0m — — $311.0m $3.9b
Increase (Decrease) in Inventories $582.0m $178.0m $791.0m $1.3b $600.0m $3.0b $1.4b $2.6b ($1.6b) $514.0m —
Increase (Decrease) in Other Operating Assets $34.0m $183.0m ($250.0m) $110.0m $364.0m ($326.0m) $23.0m ($56.0m) ($182.0m) ($93.0m) —
Increase (Decrease) in Other Operating Liabilities $70.0m $79.0m $137.0m $437.0m ($639.0m) $813.0m ($570.0m) $388.0m ($2.2b) ($94.0m) —
Merchandise inventory – net — ($178.0m) ($791.0m) ($1.3b) ($600.0m) ($3.0b) ($1.4b) ($2.6b) $1.6b ($514.0m) $703.0m
Net change in commercial paper — — $625.0m ($415.0m) $220.0m ($941.0m) $0 $499.0m ($499.0m) $0 $0
Noncash lease expense — — $0 $0 $468.0m $479.0m $517.0m $530.0m $499.0m $520.0m $572.0m
Other operating assets — ($183.0m) $250.0m ($110.0m) ($376.0m) $326.0m ($23.0m) $56.0m $182.0m $93.0m ($243.0m)
Other operating liabilities — $79.0m $137.0m $437.0m ($654.0m) $813.0m ($570.0m) $388.0m ($2.1b) ($94.0m) ($645.0m)
Other – net — ($13.0m) $13.0m ($5.0m) ($1.0m) ($38.0m) ($6.0m) ($5.0m) ($21.0m) ($42.0m) ($68.0m)
Proceeds from sale of business — — — — — $0 $0 $491.0m $100.0m $177.0m $0
Proceeds from sale of property and other long-term assets — $37.0m $45.0m $76.0m $163.0m $90.0m $113.0m $45.0m $53.0m $105.0m $82.0m
Net Cash Provided by (Used in) Operating Activities $4.8b $5.6b $5.1b $6.2b $4.3b $11.0b $10.1b $8.6b $8.1b $9.6b $9.9b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.2b $1.2b $1.1b $1.2b $1.5b $1.8b $1.9b $1.8b $2.0b $1.9b ($2.2b)
Payments to Acquire Businesses, Net of Cash Acquired $0 $2.4b $509.0m $0 — — — — — $0 —
Payments to Acquire Investments — $1.2b $981.0m $1.4b $743.0m $3.1b $3.1b $1.2b $1.8b $1.3b —
Purchases of investments — ($1.2b) ($981.0m) ($1.4b) ($743.0m) ($3.1b) ($3.1b) ($1.2b) ($1.8b) ($1.3b) ($1.7b)
Proceeds from sale/maturity of investments — $1.3b $1.1b $1.4b $695.0m $2.9b $3.3b $1.2b $1.7b $1.2b $1.7b
Payments for (Proceeds from) Other Investing Activities $28.0m $13.0m ($13.0m) $2.0m $0 $25.0m $134.0m $1.0m $27.0m $11.0m —
Net Cash Provided by (Used in) Investing Activities ($1.3b) ($3.4b) ($1.4b) ($1.1b) ($1.4b) ($1.9b) ($1.6b) ($1.3b) ($1.9b) ($1.7b) ($12.3b)
Cash flows from financing activities:
Net proceeds from issuance of debt — — $3.0b $0 $4.0b $7.9b $5.0b $9.7b $3.0b $0 $7.0b
Proceeds from Issuance of Long-term Debt $1.7b $3.3b $3.0b $0 $4.0b $7.9b $5.0b $9.7b $3.0b $0 —
Repayment of debt — — — ($326.0m) ($1.1b) ($5.6b) ($2.1b) ($867.0m) ($601.0m) ($545.0m) ($2.6b)
Repayments of Long-term Debt $552.0m $1.2b $2.8b $326.0m — — — — — — —
Payments for Repurchase of Common Stock $3.9b $3.6b $3.2b $3.0b $4.3b $5.0b $13.0b $14.1b $6.1b $4.1b —
Payments of Ordinary Dividends, Common Stock $957.0m $1.1b $1.3b $1.5b $1.6b $1.7b $2.0b $2.4b $2.5b $2.6b —
Repurchases of common stock — ($3.6b) ($3.2b) ($3.0b) ($4.3b) ($5.0b) ($13.0b) ($14.1b) ($6.1b) ($4.1b) ($211.0m)
Cash dividend payments — ($1.1b) ($1.3b) ($1.5b) ($1.6b) ($1.7b) ($2.0b) ($2.4b) ($2.5b) ($2.6b) ($2.6b)
Dividends Payable, Current $255.0m $304.0m $340.0m $385.0m $420.0m $440.0m $537.0m $633.0m $633.0m $645.0m $673
Payments of Dividends $957.0m $1.1b $1.3b $1.5b $1.6b $1.7b $2.0b $2.4b $2.5b $2.6b —
Proceeds from (Payments for) Other Financing Activities $55.0m ($75.0m) ($10.0m) ($5.0m) ($1.0m) ($38.0m) ($6.0m) ($5.0m) ($21.0m) ($42.0m) —
Net Cash Provided by (Used in) Financing Activities ($3.5b) ($2.1b) ($3.6b) ($5.1b) ($2.7b) ($5.2b) ($12.0b) ($7.0b) ($6.7b) ($7.0b) $1.6b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — ($8.0m) ($16.0m) $0 — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($77.0m) $205.0m $4.0b ($3.6b) $215.0m ($427.0m) $840.0m —
Net (decrease)/increase in cash and cash equivalents — — $30.0m ($77.0m) $205.0m $4.0b ($3.6b) $215.0m ($427.0m) $840.0m ($779.0m)
Cash and cash equivalents, beginning of year — $405.0m $558.0m $588.0m $716.0m $4.7b $1.1b $1.3b $921.0m $1.8b $982.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $511.0m $716.0m $4.7b $1.1b $1.3b $921.0m $1.8b —
Restricted Cash and Investments, Current $234.0m $81.0m $86.0m $218.0m $160.0m $506.0m $271.0m $384.0m $307.0m — —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $535.0m $619.0m $654.0m $635.0m $671.0m $824.0m $837.0m $976.0m $1.5b $1.5b —
Income Taxes Paid, Net $2.1b $2.2b $1.7b $1.3b $1.4b $1.6b $2.7b $1.7b $3.7b $1.6b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.