LOWE’S COMPANIES, INC. (LOW) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-08-03 to 2024-11-01

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LOWE’S COMPANIES, INC. cash flow reconciliation, Aug 3, 2024 through Nov 1, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $1,299,000,000.00Net earnings → Operating adjustments reconciliation: $397,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $494,000,000.00Accounts payable → Operating adjustments reconciliation: $265,000,000.00Noncash lease expense → Operating adjustments reconciliation: $132,000,000.00Share-based payment expense → Operating adjustments reconciliation: $54,000,000.00Loss on property and other assets – net → Operating adjustments reconciliation: $15,000,000.00Operating adjustments reconciliation → Merchandise inventory – net: $725,000,000.00Operating adjustments reconciliation → Other operating liabilities: $487,000,000.00Operating adjustments reconciliation → Deferred income taxes: $76,000,000.00Operating adjustments reconciliation → Gain on sale of business: $54,000,000.00Operating adjustments reconciliation → Other operating assets: $15,000,000.00Proceeds from sale/maturity of investments → investing reconciliation: $347,000,000.00Proceeds from sale of business → investing reconciliation: $54,000,000.00Proceeds from sale of property and other long-term assets → investing reconciliation: $32,000,000.00investing reconciliation → Capital expenditures: $571,000,000.00investing reconciliation → Purchases of investments: $371,000,000.00investing reconciliation → Other – net: $11,000,000.00Net cash used in financing activities → financing reconciliation: $1,868,000,000.00Proceeds from issuance of common stock under share-based payment plans → financing reconciliation: $11,000,000.00Other – net → financing reconciliation: $1,000,000.00financing reconciliation → Repurchases of common stock: $751,000,000.00financing reconciliation → Cash dividend payments: $654,000,000.00financing reconciliation → Repayment of debt: $475,000,000.00Net cash used in investing activities → investing reconciliation: $520,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $4,360,000,000.00Net cash from operating activities → Cash sources and uses: $1,299,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,271,000,000.00Cash sources and uses → Net cash used in investing activities: $520,000,000.00Cash sources and uses → Net cash used in financing activities: $1,868,000,000.00Other operating assets: -$15,000,000.00Other operating assets−$15.00 MDeferred income taxes: -$76,000,000.00Deferred taxes & credits−$76.00 MAccounts payable: $265,000,000.00Trade payables+$265.00 MGain on sale of business: -$54,000,000.00Business sale gain & loss−$54.00 MDepreciation and amortization: $494,000,000.00Depreciation & amortization+$494.00 MMerchandise inventory – net: -$725,000,000.00Inventories−$725.00 MShare-based payment expense: $54,000,000.00Stock-based compensation+$54.00 MOther operating liabilities: -$487,000,000.00Other operating liabilities−$487.00 MNoncash lease expense: $132,000,000.00Operating lease amortization+$132.00 MLoss on property and other assets – net: $15,000,000.00Asset sales & impairments+$15.00 MNet earnings: $1,696,000,000.00Net earnings+$1.70 BNet cash from operating activities: $1,299,000,000.00Operating cash+$1.30 BOperating adjustments reconciliation: $1,357,000,000.00Other – net: $1,000,000.00Other financing, net+$1.00 MNet proceeds from issuance of debt: $0.00Net change in commercial paper: $0.00Cash dividend payments: -$654,000,000.00Common dividends paid−$654.00 MRepurchases of common stock: -$751,000,000.00Common stock repurchases−$751.00 MProceeds from issuance of common stock under share-based payment plans: $11,000,000.00Employee stock plans & options+$11.00 MRepayment of debt: -$475,000,000.00Debt repaid−$475.00 MNet cash used in financing activities: -$1,868,000,000.00. Cash required to fund net payments.Financing cash−$1.87 Bfinancing reconciliation: $1,880,000,000.00Proceeds from sale/maturity of investments: $347,000,000.00Investment sales & maturities+$347.00 MCapital expenditures: -$571,000,000.00PP&E purchases−$571.00 MProceeds from sale of business: $54,000,000.00Business sales+$54.00 MPurchases of investments: -$371,000,000.00Investment purchases−$371.00 MOther – net: -$11,000,000.00Other investing, net−$11.00 MProceeds from sale of property and other long-term assets: $32,000,000.00Asset sales+$32.00 MNet cash used in investing activities: -$520,000,000.00. Cash required to fund net payments.Investing cash−$520.00 Minvesting reconciliation: $953,000,000.00Cash sources and uses: $5,659,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $4,360,000,000.00Beginning cash$4.36 BEnding cash: Cash, cash equivalents, and restricted cash: $3,271,000,000.00Ending cash$3.27 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$728.00 MOperating cash − cash spent on PP&ECash flow / Net income0.77×Operating cash flow ÷ net incomeNet cash change−$1.09 BEnding cash − beginning cash
Chart details

LOWE’S COMPANIES, INC. cash flow reconciliation, Aug 3, 2024 through Nov 1, 2024

Cash flows for Aug 3, 2024 through Nov 1, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Aug 2, 2024. Ending cash: Nov 1, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Aug 2, 2024
4,360,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,299,000,000 US dollars. Net cash provided.
Net earnings
1,696,000,000 US dollars
Other operating assets
negative 15,000,000 US dollars
Deferred income taxes
negative 76,000,000 US dollars
Accounts payable
265,000,000 US dollars
Gain on sale of business
negative 54,000,000 US dollars
Depreciation and amortization
494,000,000 US dollars
Merchandise inventory – net
negative 725,000,000 US dollars
Share-based payment expense
54,000,000 US dollars
Other operating liabilities
negative 487,000,000 US dollars
Noncash lease expense
132,000,000 US dollars
Loss on property and other assets – net
15,000,000 US dollars
Investing activities
negative 520,000,000 US dollars. Net cash used.
Proceeds from sale/maturity of investments
347,000,000 US dollars
Capital expenditures
negative 571,000,000 US dollars
Proceeds from sale of business
54,000,000 US dollars
Purchases of investments
negative 371,000,000 US dollars
Other – net
negative 11,000,000 US dollars
Proceeds from sale of property and other long-term assets
32,000,000 US dollars
Financing activities
negative 1,868,000,000 US dollars. Net cash used.
Other – net
1,000,000 US dollars
Net proceeds from issuance of debt
0 US dollars
Net change in commercial paper
0 US dollars
Cash dividend payments
negative 654,000,000 US dollars
Repurchases of common stock
negative 751,000,000 US dollars
Proceeds from issuance of common stock under share-based payment plans
11,000,000 US dollars
Repayment of debt
negative 475,000,000 US dollars
Operating adjustment reconciliation
1,357,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,880,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
953,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Nov 1, 2024
3,271,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
5,659,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,089,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.77×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,299,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
571,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
728,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.30B of net income directly to operating cash and $397.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $1,696.00 M, derived by subtracting the earlier cumulative period; the income statement reports $1,695.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,299,000,000 US dollars minus 571,000,000 US dollars equals 728,000,000 US dollars.
  • Cash-flow net income is $1,696.00 M, derived by subtracting the earlier cumulative period; the income statement reports $1,695.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
LOWE’S COMPANIES, INC. (LOW) FY2024 Q3 Statement of Cash Flows Sankey chart
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