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Consolidated Statements of Current and Retained Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 28, 2016
Oct. 30, 2015
Oct. 28, 2016
Oct. 30, 2015
Current Earnings        
Net sales $ 15,739 $ 14,360 $ 49,233 $ 45,838
Cost of sales 10,332 9,370 32,201 29,856
Gross margin 5,407 4,990 17,032 15,982
Expenses:        
Selling, general and administrative 4,090 3,287 11,354 10,334
Depreciation 378 375 1,101 1,115
Interest - net 163 141 486 409
Total expenses 4,631 3,803 12,941 11,858
Pre-tax earnings 776 1,187 4,091 4,124
Income tax provision 397 451 1,661 1,589
Net earnings $ 379 $ 736 $ 2,430 $ 2,535
Weighted average common shares outstanding - basic 873 918 884 933
Basic earnings per common share $ 0.43 $ 0.80 $ 2.74 $ 2.70
Weighted average common shares outstanding - diluted 874 921 886 935
Diluted earnings per common share $ 0.43 $ 0.80 $ 2.73 $ 2.70
Cash dividends per share $ 0.35 $ 0.28 $ 0.98 $ 0.79
Retained Earnings        
Balance at beginning of period $ 6,839 $ 8,533 $ 7,593 $ 9,591
Net earnings attributable to Lowe’s Companies, Inc. 378 736 2,428 2,535
Cash dividends (306) (257) (865) (736)
Share repurchases (535) (714) (2,780) (3,092)
Balance at end of period $ 6,376 $ 8,298 $ 6,376 $ 8,298