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Fiscal Years Ended January 29, 2021 January 31, 2020 Current Earnings Net sales Amount % Sales Amount % Sales February 1, 2019 Amount %

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Fiscal Years Ended January 29, 2021 January 31, 2020 Current Earnings Net sales Amount % Sales Amount % Sales February 1, 2019 Amount % Sales $ 89,597 100.00% S 72,148 100.00 % $ 71,309 100.00% Cost of sales 60,025 66.99 49,205 68.20 48,401 67.88 Gross margin 29,572 33.01 22,943 31.80 22,908 32.12 Expenses: Selling, general and administrative 18,526 20.68 15,367 21.30 17,413 24.41 Depreciation and amortization 1,399 1.56 1,262 1.75 1,477 2.07 Operating income 9,647 10.77 6,314 8.75 4,018 5.64 Interest - net 848 0.95 691 0.96 624 0.88 Loss on extinguishment of debt 1,060 1.18 Pre-tax earnings 7,739 8.64 5,623 7.79 3,394 4.76 Income tax provision 1,904 2.13 1,342 1.86 1,080 1.52 Net earnings 5,835 6.51 % $ 4,281 5.93 % $ 2,314 3.24 % Basic earnings per common share $ 7.77 $ 5.49 $ 2.84 Diluted earnings per common share $ 7.75 $ 5.49 $ 2.84 Lowe's Companies, Inc. Consolidated Statements of Comprehensive Income (In millions, except percentage data) Net earnings Foreign currency translation adjustments - net of tax Cash flow hedges - net of tax Other Other comprehensive income/(loss) Comprehensive income January 29, 2021 Fiscal Years Ended January 31, 2020 February 1, 2019 Amount % Sales Amount % Sales Amount % Sales $ 5,835 6.51 % $ 4,281 5.93 % $ 2,314 3.24 % 78 0.09 94 0.13 (221) (0.30) (79) (0.09) (22) (0.03) (1) 1 1 2 73 0.10 (220) (0.30) $ 5,835 6.51 % $ 4,354 6.03 % $ 2,094 2.94 %

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