01—Abstract
Summary
Summary of the 10-K/A filed March 30, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Lowe's Companies, Inc.'s 2010 Form 10-K, primarily addressing the omission of Exhibit 101 due to technical difficulties during the original submission.
Exhibit 101 contains the company's financial statements for the fiscal years ending January 29, 2010, January 30, 2009, and prior years, formatted in eXtensible Business Reporting Language (XBRL). While the amendment itself does not introduce new financial information or operational changes, it ensures the complete and compliant submission of the company's detailed financial data to the SEC. Investors should refer to the original 10-K filing (filed March 30, 2010) for a comprehensive understanding of Lowe's financial performance, strategic initiatives, and risks during that period.
02—Key points
Key Highlights
- This is an amendment (10-K/A) to the previously filed Form 10-K for the fiscal year ended January 29, 2010.
- The amendment's primary purpose is to submit Exhibit 101, which contains XBRL-formatted financial data, due to an omission in the original filing.
- Exhibit 101 includes Consolidated Statements of Earnings, Balance Sheets, Statements of Shareholders' Equity, Statements of Cash Flows, and Notes to Consolidated Financial Statements.
- The filing ensures compliance with SEC regulations regarding electronic submission of financial data (Regulation S-K and S-T).
- The amendment makes no other changes to the original 10-K report, which was filed on March 30, 2010.
- Lowe's was a large accelerated filer as of the period covered by the report.
- The company's common stock is listed on the New York Stock Exchange (NYSE).
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed March 30, 2010Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $47.22B$48.23B | −2.1% |
| Cost of Revenue | $30.76B$31.73B | −3.1% |
| Gross Profit | $16.46B$16.50B | −0.2% |
| SG&A Expenses | $11.74B$11.18B | +5.0% |
| Operating Expenses | $13.64B$12.99B | +4.9% |
| Interest Expense | $287.00M$280.00M | +2.5% |
| Net Income | $1.78B$2.19B | −18.8% |
| EPS (Basic) | $1.21$1.50 | −19.3% |
| EPS (Diluted) | $1.21$1.49 | −18.8% |
| Shares Outstanding (Basic) | 1.46B1.46B | +0.3% |
| Shares Outstanding (Diluted) | 1.46B1.47B | −0.3% |
05—Questions
Frequently Asked Questions
What is the main reason for this Amendment No. 1 to the 10-K filing?
The primary reason for this amendment is to file Exhibit 101, which contains the company's financial statements formatted in eXtensible Business Reporting Language (XBRL). This exhibit was inadvertently omitted from the original Form 10-K filing due to unforeseen technical transmission difficulties.
Does this amendment contain any new financial information or changes to Lowe's performance?
No, this amendment does not introduce any new financial information, operational changes, or alter the financial results presented in the original 10-K report filed on March 30, 2010. Its sole purpose is to supplement the original filing with the missing XBRL exhibit.
Where can I find the actual financial performance and business details for Lowe's for the fiscal year ending January 29, 2010?
Investors should refer to the original Form 10-K report filed by Lowe's Companies, Inc. on March 30, 2010. This amendment only adds a specific exhibit and does not replace or modify the substantive financial and operational disclosures made in that original filing.
What does XBRL mean in the context of this filing?
XBRL (eXtensible Business Reporting Language) is a global standard for the digital reporting and exchange of business information. Exhibit 101, being formatted in XBRL, means that Lowe's financial data is presented in a structured, machine-readable format, allowing for easier analysis and comparison by investors and regulators.
06—Continue