Discuss the Lowe's major sources of cash in each of the three sections of the statement of
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Lowe's Companies, Inc. Consolidated Statements of Cash Flows (In millions) Cash flows from operating activities: Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Noncash lease expense Deferred income taxes Asset impairment and loss on property - net Loss on sale of business Loss on extinguishment of debt Share-based payment expense Changes in operating assets and liabilities: Merchandise inventory - net Other operating assets Accounts payable Deferred revenue Other operating liabilities Net cash provided by operating activities Fiscal Years Ended February 3, January 28, January 29, 2023 2022 2021 6,437 $ 1,981 530 (239) 2,118 421 223 (2,594) 56 (549) (183) 388 8,589 8,442 $ 1,882 517 135 34 230 (1,413) (23) 466 413 (570) 10,113 5,835 1,594 479 (108) 139 1,060 155 (2,967) 326 3,211 512 813 11,049 Lowe's Companies, Inc. Consolidated Statements of Cash Flows (In millions) Cash flows from operating activities: Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Noncash lease expense Deferred income taxes Asset impairment and loss on property - net Loss on sale of business Loss on extinguishment of debt Share-based payment expense Changes in operating assets and liabilities: Merchandise inventory - net Other operating assets Accounts payable Deferred revenue Other operating liabilities Net cash provided by operating activities Fiscal Years Ended February 3, January 28, January 29, 2023 2022 2021 6,437 $ 1,981 530 (239) 2,118 421 223 (2,594) 56 (549) (183) 388 8,589 8,442 $ 1,882 517 135 34 230 (1,413) (23) 466 413 (570) 10,113 5,835 1,594 479 (108) 139 1,060 155 (2,967) 326 3,211 512 813 11,049
Expert Answer:
Answer rating: 100% (QA)
The statement of cash flows is divided into three sections operating activities investing activities and financing activities Each section represents ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
Students also viewed these finance questions
-
The unclassified statement of financial position accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2016 and its statement of comprehensive income...
-
The unclassified balance sheet accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2011, and its statement of comprehensive income and statement of...
-
Base your answers to the following questions on the financial statements for Dollarama Inc. in Exhibits 1-9A to D. In the questions below, the year 2014 refers to Dollaramas fiscal year that ends...
-
Israel We I had been in Israel for two weeks. We were in our church tour bus, late at night, driving through the mountainous desert. The night was black no moon and only a few stars. The only light...
-
Quantum Technologies has the capacity to annually produce either 50,000 desktop computers or 28,000 laptop computers. Relevant data for each product follow: Required Assuming that Quantum can sell...
-
The city district attorney has 30 litigators to be divided among three courts. The following table shows the schedule of the number of pending cases for each court. Apportion the 30 litigators using...
-
According to the Supreme Court decision in Quill Corp. v. North Dakota, a state may not require a retailer with no physical presence in the state to collect and remit sales tax on sales made in the...
-
On January 1, 2012, Crume Incorporated issued bonds with a face value of $100,000, a stated rate of interest of 9 percent, and a five-year term to maturity. Interest is payable in cash on December 31...
-
Find a HAMILTONIAN PATH of the graph below (Give a sequence of letters to describe the path (e.g. A, D, E, B, A etc.) B E F G Paragraph B I UA Lato (Recom... v 19px... v L > Ea 5 0
-
You are a profitable conglomerate thinking about getting into the gelati business by acquiring the firm Alati Gelati (AG). Current info for you, AG and their similar comp is listed below. You...
-
Measurements of tensile strength for 10 samples of polyethylene fibre were measured. The results are given below, in units of MPa. 2606.5 2599.9 2600.8 2588.7 2594.4 2599.2 2604.6 2571.5 2616.3...
-
Using demand and supply concepts, illustrate how the industry has changed in the past decades. Relate your summary of the bibliography and reliable data and evidence to support your demand and supply...
-
Steinhardt Wig Company has the following Income statement and balance sheet for 2005. The firm paid out 65% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders? (Round to...
-
LW374 Revenue & Taxation Law Use Fiji Jurisdiction... The Gross Domestic Product (GDP) And Tax Ratio In Fiji Fijis fiscal year of budget deficit in relation to the demand and supply curve In Fiji,...
-
NPV and IRR analysis of projects Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of capital of 8%, has estimated its cash flows as shown in the following...
-
15. Find 30% of 20% of 60 16. A store has 600 books in the store. If 30 percent of these books are on sale, how many books are not on sale? 17. There are 27 students who arrive by school bus. These...
-
According to a recent study, 27% of the USA population is Catholic. The survey also shows that 74% of Catholics are democrat, while 14% of non Catholics are Democrats. What is the probability that a...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations between various financial statement items provide evidence of many of these...
-
The Home Depot is a leading specialty retailer of hardware and home improvement products and is the second-largest retail store chain in the United States. It operates large warehouse-style stores....
-
Ford Motor Credit Company discloses the following information with respect to finance receivables (amounts inmillions). Notes to Financial Statements The Company periodically sells finance...
-
Why do you and your business need to be able to communicate well?
-
What are the basic criteria for effective messages?
-
What are the questions for analyzing a business communication situation?
Study smarter with the SolutionInn App