LOWE’S COMPANIES, INC LOW Cash Flow

Lowe’s companies, inc (LOW)

CashFlow / Quarterly

Jan'20	Nov'19	Aug'19	May'19	Feb'19	Oct'18	Aug'18	May'18	Feb'18	Oct'17	Jul'17	Apr'17	Feb'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09	Apr'09
Cash flows from operating activities:
Net earnings
510	1,049	1,676	1,046	-824	629	1,521	988	554	872	1,419	602	663	379	1,167	884	11	736	1,126	673	450	585	1,039	624	306	498	942	540	289	395	748	527	322	225	831	461	285	404	832	489	205	343	759	476
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
381	345	347	337	401	455	364	387	392	380	379	389	400	412	395	383	395	401	400	391	387	401	400	398	395	400	391	376	438	396	393	396	408	385	389	397	412	424	424	424	430	433	436	434
Noncash lease expense
127	113	114	114	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
265	33	-15	-106	-12	-64	-54	-21	171	-31	-23	-64	100	-47	-77	52	72	-38	-64	-38	77	-64	-70	-67	-45	-61	-30	-26	-27	-54	171	-230	254	-150	-7	-43	14	-4	-225	82	19	-36	-23	-83
Loss on property and other assets - net
-24	-55	-40	2	-230	-139	-255	-6	-19	-8	-2	-11	-13	-181	62	-11	-11	-2	-10	-7	-1	5	-5	-24	-42	-10	-7	-5	-14	-33	-17	-19	-49	-307	-91	-9	-31	-56	-15	-1	-53	-67	-64	-9
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	0	0	0	-464	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss/(gain) on cost method and equity method investments
0	0	-14	2	-3	-3	-3	0	-4	-1	94	-7	-2	-295	-2	-3	-548	-15	-14	-17	-10	-16	-14	-17	-11	-14	-12	-15	-10	-9	-14	-15	-5	-3	-2	-2	-	-	-	-	-	-	-	-
Share-based payment expense
23	24	9	42	-5	17	38	24	21	23	29	26	19	22	24	25	33	27	28	29	35	31	25	28	30	26	26	18	25	21	29	25	26	22	29	30	31	29	29	26	24	28	26	24
Changes in operating assets and liabilities:
Merchandise inventory – net
-529	-24	-1,325	2,478	259	481	-1,297	1,846	-992	933	-958	1,808	-540	408	-1,246	1,556	-954	732	-883	1,687	-811	459	-1,202	1,384	-451	330	-1,157	1,674	-396	295	-1,087	1,432	-636	174	-834	1,329	-224	-112	-1,244	1,644	-175	235	-833	801
Other operating assets
268	-8	-157	273	16	-46	-94	234	-64	-20	-230	64	215	52	-270	186	72	-11	-75	48	22	-15	-46	-44	-6	15	-9	5	-63	-9	94	65	-6	2	-17	-104	121	-16	6	35	-11	24	-21	1
Accounts payable
-1,160	-679	-1,997	3,199	-988	300	-1,113	3,521	-2,343	220	-1,260	3,291	-1,206	136	-1,446	3,169	-1,694	213	-888	2,893	-1,325	272	-861	2,041	-772	54	-1,372	2,381	-761	333	-1,894	2,625	-897	-134	-1,313	2,339	-608	68	-2,173	2,773	-758	75	-874	1,732
Other operating liabilities
-246	-444	-224	260	-87	-33	-47	604	-181	-262	139	441	32	-277	-111	435	-20	-253	102	241	-179	-31	129	269	-172	-93	222	362	-193	-135	-142	587	-352	117	-3	453	-253	-54	-258	784	-472	0	129	555
Net cash provided by operating activities
185	528	1,446	2,137	-605	1,011	2,358	3,429	-307	298	1,779	3,295	348	641	1,408	3,220	238	382	1,686	2,478	245	761	1,929	1,994	252	503	1,364	1,992	254	712	329	2,467	457	599	870	2,423	19	1,051	46	2,736	-313	651	1,371	2,345
Cash flows from investing activities:
Purchases of investments
180	318	242	3	75	318	407	573	301	56	471	153	174	343	365	310	284	162	423	65	220	300	137	163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale/maturity of investments
139	284	218	54	84	297	456	556	244	81	730	59	267	556	167	264	296	222	302	64	347	165	136	157	179	227	219	84	504	157	468	708	233	252	321	627	572	575	287	1,171	-	-	-	-
Proceeds from sale/maturity of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	135	89	-	666	270	627	448	440	678	554	616	597	243	366	-	-	-	-
Capital expenditures
557	401	321	205	328	303	319	224	336	311	274	202	347	330	282	208	353	274	338	232	293	203	190	194	330	234	180	196	264	325	285	337	565	484	467	313	317	400	329	283	385	392	450	572
Contributions to equity method investments - net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	67	28	11	45	45	60	91	36	24	40	73	62	-2	89	70	28	0	172	32	-	-	-	-	-	-	-	-
Proceeds from sale of property and other long-term assets
92	29	18	24	26	20	25	5	24	11	4	6	9	11	6	11	6	31	17	3	8	20	8	16	13	15	41	6	25	56	20	29	26	6	15	5	1	15	4	5	1	4	2	11
Purchases of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	103	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68
Proceeds from sale/maturity of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	122
Purchases of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	302
Proceeds from sale/maturity of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6
Other – net
0	-1	0	1	-1	4	-1	0	0	-3	-11	1	-8	12	6	3	3	0	25	0	-2	-1	2	5	-1	-1	-8	5	-18	-7	10	11	2	-1	16	-2	-39	37	15	1	-	-	-	-15
Net cash used in investing activities
-506	-405	-327	-131	-292	-308	-244	-236	-369	-276	-505	-291	-309	-118	-2,585	-349	-357	-250	-495	-241	-201	-362	-245	-280	-263	-505	-255	-263	-120	249	-562	-470	-454	-289	-283	-411	-316	-400	-384	-1,084	240	-458	-880	-788
Cash flows from financing activities:
Net change in commercial paper
305	637	0	-722	722	0	3	-1,140	965	171	0	-511	510	0	0	-44	43	0	0	0	0	0	0	-386	386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-5	-15	-1	-986
Net proceeds from issuance of debt
1,000	0	0	2,972	0	0	0	0	0	0	0	2,968	0	0	0	3,267	0	1,718	0	0	-	-	-	-	-	-	-	-	0	0	0	1,984	993	0	0	0	994	0	-1	992	-	-	-	0
Repayment of long-term debt
21	463	13	616	38	264	11	13	13	262	16	2,558	27	651	11	484	11	510	21	10	12	11	13	12	13	12	11	11	11	560	10	10	9	10	9	9	10	8	509	25	10	11	8	8
Proceeds from issuance of common stock under share-based payment plans
40	6	40	32	41	23	42	8	52	7	42	38	51	6	62	20	56	7	41	21	47	22	44	24	48	17	60	40	247	12	37	53	45	0	40	15	41	1	42	20	-	-	-	-
Proceeds from issuance of common stock from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	1
Cash dividend payments
423	428	382	385	387	390	338	340	341	344	299	304	306	309	251	255	257	260	218	222	225	228	183	186	190	191	174	178	180	184	166	174	177	176	145	149	153	157	130	131	0	132	133	126
Repurchase of common stock
664	879	1,944	826	539	652	1,118	728	138	551	1,266	1,237	541	600	1,201	1,253	543	753	1,520	1,109	955	899	1,141	910	913	770	981	1,046	750	850	1,004	1,789	503	1	1,402	1,031	1,002	601	550	465	-	-	-	0
Other – net
6	0	2	-9	-2	-1	0	-2	-2	1	-8	-1	-123	8	7	33	9	-4	0	50	8	4	-11	23	-14	-9	3	5	11	-2	17	-4	-12	-12	0	3	0	0	1	0	-	-	-	-
Net cash used in financing activities
243	-1,127	-2,297	446	-203	-1,284	-1,422	-2,215	523	-978	-1,547	-1,605	-436	-1,546	-1,394	1,284	-703	198	-1,718	-1,270	-1,137	127	-1,304	-1,447	-696	20	-1,103	-1,190	-683	-1,584	-1,126	60	337	-199	-1,516	-1,171	-130	-765	-1,147	391	-439	-144	-99	-1,119
Effect of exchange rate changes on cash
0	2	1	-2	-3	-2	-6	-1	-2	3	6	6	-5	-5	-2	1	0	-4	-6	1	-3	-3	1	0	-3	-2	-2	1	-1	4	-3	1	-1	-4	1	3	1	1	-1	2	3	5	13	-1
Net increase/(decrease) in cash and cash equivalents, including cash classified within current assets held for sale
-78	-1,002	-1,177	2,450	-	-	-	977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net increase/(decrease) in cash classified within current assets held for sale
0	0	0	-12	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in cash and cash equivalents
-78	-1,002	-1,177	2,462	-1,157	-583	686	977	-155	-953	-267	1,405	-402	-1,028	-2,573	4,156	-822	326	-533	968	-1,096	523	381	267	-710	16	4	540	-550	-619	-1,362	2,058	339	107	-928	844	-426	-113	-1,486	2,045	-509	54	405	437