Spreadsheet: 7227f5d0-6332-4daa-8c24-b577d9f7bedf
Sheet: Sheet1

Lowe's Companies, Inc. | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16
Consolidated Statements of Current and Retained Earnings
In Millions, Except Per Share Data
 |  |  | Three Months Ended |  |  |  |  |  |  |  | Year Ended
 |  |  | ([NAME]) |  |  |  | ([NAME]) |  |  |  | ([NAME])
 |  |  | January 28, 2011 |  |  |  | January 29, 2010 |  |  |  | January 28, 2011 |  |  |  | January 29, 2010
Current Earnings |  |  | Amount | Percent |  |  | Amount | Percent |  |  | Amount | Percent |  |  | Amount | Percent
Net sales |  | $ | 10480 | 100 |  | $ | 10168 | 100 |  | $ | 48815 | 100 |  | $ | 47220 | 100
Cost of sales |  |  | 6754 | 64.45 |  |  | 6614 | 65.05 |  |  | 31663 | 64.86 |  |  | 30757 | 65.14
Gross margin |  |  | 3726 | 35.55 |  |  | 3554 | 34.95 |  |  | 17152 | 35.14 |  |  | 16463 | 34.86
Expenses:
Selling, general and administrative |  |  | 2792 | 26.63999999999999 |  |  | 2775 | 27.29 |  |  | 12006 | 24.6 |  |  | 11737 | 24.85
Depreciation |  |  | 392 | 3.74 |  |  | 401 | 3.95 |  |  | 1586 | 3.25 |  |  | 1614 | 3.42
Interest - net |  |  | 86 | 0.82 |  |  | 56 | 0.55 |  |  | 332 | 0.68 |  |  | 287 | 0.61
Total expenses |  |  | 3270 | 31.2 |  |  | 3232 | 31.79 |  |  | 13924 | 28.53 |  |  | 13638 | 28.88
Pre-tax earnings |  |  | 456 | 4.35 |  |  | 322 | 3.16 |  |  | 3228 | 6.61 |  |  | 2825 | 5.98
Income tax provision |  |  | 171 | 1.629999999999999 |  |  | 117 | 1.14 |  |  | 1218 | 2.49 |  |  | 1042 | 2.200000000000001
Net earnings |  | $ | 285 | 2.72 |  | $ | 205 | 2.02 |  | $ | 2010 | 4.12 |  | $ | 1783 | 3.78
Weighted average common shares outstanding - basic |  |  | 1358 |  |  |  | 1455 |  |  |  | 1401 |  |  |  | 1462
Basic earnings per common share (1) |  | $ | 0.21 |  |  | $ | 0.14 |  |  | $ | 1.42 |  |  | $ | 1.21
Weighted average common shares outstanding - diluted |  |  | 1361 |  |  |  | 1458 |  |  |  | 1403 |  |  |  | 1464
Diluted earnings per common share (1) |  | $ | 0.21 |  |  | $ | 0.14 |  |  | $ | 1.42 |  |  | $ | 1.21
Cash dividends per share |  | $ | 0.11 |  |  | $ | 0.09 |  |  | $ | 0.42 |  |  | $ | 0.355
[NAME]
Balance at beginning of period |  | $ | 18144 |  |  | $ | 18236 |  |  | $ | 18307 |  |  | $ | 17049
Net earnings |  |  | 285 |  |  |  | 205 |  |  |  | 2010 |  |  |  | 1783
Cash dividends |  |  | -148 |  |  |  | -131 |  |  |  | -588 |  |  |  | -522
Share repurchases |  |  | -910 |  |  |  | -3 |  |  |  | -2358 |  |  |  | -3
Balance at end of period |  | $ | 17371 |  |  | $ | 18307 |  |  | $ | 17371 |  |  | $ | 18307
(1) Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $283 million and $1,993 million for the three months and year ended January 28, 2011, respectively, and $204 million and $1,770 million for the three months and year ended January 29, 2010, respectively.