Consolidated Condensed Balance Sheets
Lowe's Companies, Inc. and Subsidiary Companies
Dollars in thousands
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January 31, January 31,
1994 1993
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Assets
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Current assets:
Cash and cash equivalents $73,253 $48,949
Short-term investments 35,215 5,900
Accounts receivable - net 53,301 53,288
Merchandise inventory 853,707 594,195
Other assets 68,431 43,222
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Total current assets 1,083,907 745,554
Property, less accumulated depreciation 1,020,234 787,197
Long-term investments 40,408 23,270
Other assets 57,099 52,856
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Total assets $2,201,648 $1,608,877
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Liabilities and Shareholders' Equity
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Current liabilities:
Current maturities of long-term debt $49,547 $21,721
Short-term notes payable 2,281 3,193
Accounts payable 467,278 330,584
Employee retirement plans 34,422 32,038
Accrued salaries and wages 45,883 39,472
Other current liabilities 81,765 72,626
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Total current liabilities 681,176 499,634
Long-term debt, excluding current maturities 592,333 313,562
Deferred income taxes 26,165 16,517
Accrued store restructuring costs 28,305 45,944
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Total liabilities 1,327,979 875,657
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Shareholders' equity
Common stock - $.50 par value;
Issued and Outstanding
January 31, 1994 147,886,770
January 31, 1993 145,945,916 73,943 72,973
Capital in excess of par 202,962 171,214
Retained earnings 596,764 489,033
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Total shareholders' equity 873,669 733,220
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Total liabilities and
shareholders' equity $2,201,648 $1,608,877
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See accompanying notes to consolidated condensed financial statements.