01—Abstract
Summary
Summary of the 10-K/A filed April 10, 2012. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to Lowe's Companies Inc.'s previously filed 2011 Annual Report (10-K).
The amendment's primary purpose is to correct a technical error in the original filing's Interactive Data File (XBRL). Specifically, a value related to non-cancelable commitments due in 2012 was incorrectly reported as $5 million, and this amendment corrects it to $590 milliona.
Investors should note that this amendment does not introduce new business information or alter the overall financial performance as presented in the original 10-K. It is a clarification of data presentation within the XBRL exhibit.
02—Key points
Key Highlights
- Amendment clarifies a data error in the XBRL filing, not a change in financial performance.
- Corrected non-cancelable commitments due in 2012 from $5 million to $590 million.
- The amendment was filed on April 9, 2012, for the fiscal year ended February 3, 2012.
- Lowe's Companies, Inc. is a large accelerated filer.
- The company's common stock is listed on the New York Stock Exchange (NYSE).
- As of March 30, 2012, approximately 1.199 billion shares of common stock were outstanding.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed April 10, 2012Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $50.21B$48.81B | +2.9% |
| Cost of Revenue | $32.86B$31.66B | +3.8% |
| Gross Profit | $17.35B$17.15B | +1.2% |
| SG&A Expenses | $12.59B$12.01B | +4.9% |
| Operating Expenses | $14.44B$13.92B | +3.7% |
| Net Income | $1.84B$2.01B | −8.5% |
| EPS (Basic) | $1.43$1.42 | +0.7% |
| EPS (Diluted) | $1.43$1.42 | +0.7% |
| Shares Outstanding (Basic) | 1.27B1.40B | −9.3% |
| Shares Outstanding (Diluted) | 1.27B1.40B | −9.3% |
05—Questions
Frequently Asked Questions
What is the main reason for this 10-K Amendment filing?
This amendment is primarily to correct a technical error in the original Form 10-K's Interactive Data File (XBRL). A specific value for non-cancelable commitments due in 2012 was misstated and is now corrected.
Does this amendment change Lowe's financial results for the fiscal year ended February 3, 2012?
No, this amendment does not change the reported financial results or business operations. It is a correction of a data point within the XBRL exhibit, specifically concerning the presentation of commitments, and does not reflect any new business developments or performance changes.
What specific figure was corrected in this filing?
The value associated with non-cancelable commitments due in 2012 was corrected from $5 million in the original XBRL tagging to $590 million in this amended filing.
Are there any new business insights or operational updates in this filing?
No, this filing is strictly an amendment to correct a data presentation error in the XBRL exhibit. It does not contain new business insights, operational updates, or strategic information beyond what was presented in the original 10-K filing.
06—Continue