Lowe's Companies, Inc. (LOW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 3.35B | 1.57B | 687M | 4.23B | 3.38B | 911M | 1.3B | 3.15B | 4.26B | 1.11B | 1.06B | 3.86B | 2.11B | 451M | 2.13B | 3.04B | 2.98B | 934M | 2.27B | 2.42B |
| Operating CF Margin % | 14.52% | 7.61% | 3.3% | 17.66% | 16.14% | 4.91% | 6.44% | 13.37% | 19.95% | 5.96% | 5.2% | 15.48% | 9.42% | 2.01% | 9.05% | 11.05% | 12.58% | 4.38% | 9.89% | 8.78% |
| Operating CF Growth % | -0.86% | 72.01% | -47.11% | 34.19% | -20.72% | -17.78% | 22.09% | -18.36% | 102.37% | 145.68% | -49.95% | 27.25% | -29.26% | -51.71% | -6.18% | 25.36% | -33.73% | 314.22% | 948.69% | -66.84% |
| Net Income | 1.63B | 1B | 1.62B | 2.4B | 1.64B | 1.12B | 1.69B | 2.38B | 1.75B | 1.02B | 1.77B | 2.67B | 2.26B | 958M | 154M | 2.98B | 2.33B | 1.21B | 1.9B | 3.02B |
| Depreciation & Amortization | 644M | 637M | 535M | 515M | 507M | 511M | 494M | 481M | 486M | 496M | 486M | 476M | 465M | 472M | 502M | 504M | 503M | 494M | 481M | 464M |
| Stock-Based Compensation | 65M | 70M | 60M | 59M | 58M | 57M | 54M | 55M | 55M | 50M | 47M | 54M | 59M | 59M | 55M | 115M | 50M | 61M | 54M | 63M |
| Deferred Taxes | 203M | 232M | -46M | -56M | 126M | 19M | -76M | -69M | 135M | 33M | -50M | -79M | 102M | 13M | -252M | -59M | 59M | 39M | -14M | -45M |
| Other Non-Cash Items | 626M | 175M | 588M | 146M | 151M | 42M | 1.06B | 89M | 129M | 165M | 144M | 145M | 52M | 552M | 2.21B | 120M | 147M | 143M | 155M | 187M |
| Working Capital Changes | 184M | -547M | -2.07B | 1.17B | 896M | -842M | -1.92B | 215M | 1.71B | -653M | -1.34B | 593M | -832M | -1.6B | -544M | -628M | -107M | -1.01B | -305M | -1.27B |
| Change in Receivables | -63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42M | 0 | 0 |
| Change in Inventory | -1.15B | -113M | -357M | 2.1B | -926M | 158M | -725M | 1.38B | -1.33B | 635M | -107M | 2.1B | -990M | -286M | -580M | 918M | -2.65B | -967M | 650M | 1.03B |
| Change in Payables | 2.21B | -479M | 402M | -1.79B | 1.95B | -1.31B | 265M | -1.35B | 3.03B | -1.21B | -419M | -1.55B | 1.36B | -1.47B | -358M | -1.2B | 2.48B | 30M | -679M | -1.94B |
| Cash from Investing | -501M | -577M | -9.34B | -1.81B | -533M | -418M | -520M | -422M | -378M | -595M | -591M | -411M | -304M | -194M | -406M | -399M | -310M | -286M | 485M | -1.37B |
| Capital Expenditures | -521M | -603M | -597M | -495M | -518M | -548M | -571M | -426M | -382M | -620M | -579M | -385M | -380M | -739M | -403M | -344M | -343M | -597M | -410M | -385M |
| CapEx % of Revenue | 2.26% | 2.93% | 2.87% | 2.07% | 2.47% | 2.95% | 2.83% | 1.81% | 1.79% | 3.33% | 2.83% | 1.54% | 1.7% | 3.29% | 1.72% | 1.25% | 1.45% | 2.8% | 1.79% | 1.4% |
| Acquisitions | 0 | -31M | -8.74B | -1.32B | 2M | 80M | 54M | 43M | 15M | 24M | -23M | 0 | 123M | 499M | 18M | 9M | 10M | 19M | 137M | 14M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 38M | 54M | 14M | 3M | -1M | 51M | 21M | 7M | 0 | -4M | 12M | 3M | -9M | -1M | 1M | -1M | 0 | 0 | -121M | 0 |
| Cash from Financing | -3.04B | -629M | 4.42B | -615M | -1.55B | -2B | -1.87B | -1.61B | -1.57B | -802M | -2.76B | -2.91B | -200M | -2.12B | 22M | -4.57B | -386M | -5.63B | -1.46B | -2.91B |
| Debt Issued (Net) | -2B | -19M | 5.2B | -18M | -778M | -23M | -475M | -25M | -22M | -25M | -531M | -95M | 2.53B | 463M | 4.67B | -26M | 4.19B | -1.52B | 1.96B | 975M |
| Equity Issued (Net) | -361M | 67M | -86M | 67M | -110M | -1.37B | -751M | -1.01B | -908M | -201M | -1.58B | -2.25B | -2.11B | -2B | -4B | -4.09B | -4.04B | -4.01B | -2.83B | -3.14B |
| Dividends Paid | -674M | -673M | -673M | -645M | -645M | -650M | -654M | -629M | -633M | -632M | -642M | -624M | -633M | -643M | -666M | -524M | -537M | -551M | -563M | -430M |
| Share Repurchases | -363M | 0 | -98M | -1M | -112M | -1.37B | -751M | -1.01B | -923M | -201M | -1.58B | -2.25B | -2.11B | -2B | -4B | -4.09B | -4.04B | -4.01B | -2.83B | -3.14B |
| Other Financing | -12M | -4M | -25M | -19M | -20M | 42M | 12M | 53M | -5M | 56M | -3M | 62M | 5M | 60M | 16M | 73M | -3M | 462M | -33M | -316M |
| Net Change in Cash | -196M | 361M | -4.24B | 1.81B | 1.29B | -1.51B | -1.09B | 1.12B | 2.32B | -289M | -2.28B | 544M | 1.6B | -1.84B | 1.71B | -1.93B | 2.28B | -4.99B | 1.29B | -1.86B |
| Free Cash Flow | 2.83B | 964M | 90M | 3.74B | 2.86B | 363M | 728M | 2.73B | 3.88B | 488M | 485M | 3.48B | 1.73B | -288M | 1.72B | 2.69B | 2.63B | 337M | 1.86B | 2.04B |
| FCF Margin % | 12.26% | 4.68% | 0.43% | 15.59% | 13.67% | 1.96% | 3.61% | 11.56% | 18.16% | 2.62% | 2.37% | 13.93% | 7.72% | -1.28% | 7.34% | 9.79% | 11.13% | 1.58% | 8.1% | 7.38% |
| FCF Growth % | -1.12% | 165.56% | -87.64% | 37% | -26.26% | -25.61% | 50.1% | -21.57% | 124.8% | 269.44% | -71.85% | 29.21% | -34.47% | -185.46% | -7.17% | 32.17% | -34.66% | 131.94% | 354.6% | -70.58% |
| FCF per Share | 5.05 | 1.72 | 0.16 | 6.67 | 5.11 | 0.64 | 1.29 | 4.78 | 6.78 | 0.85 | 0.84 | 5.94 | 2.89 | -0.48 | 2.78 | 4.21 | 3.98 | 0.50 | 2.69 | 2.88 |
| FCF Conversion (FCF/Net Income) | 2.06x | 1.57x | 0.43x | 1.76x | 2.06x | 0.81x | 0.77x | 1.32x | 2.43x | 1.09x | 0.60x | 1.44x | 0.93x | 0.47x | 13.81x | 1.01x | 1.28x | 0.77x | 1.20x | 0.80x |
| Interest Paid | 0 | 0 | 0 | 56M | 665M | 65M | 0 | 0 | 689M | 49M | 699M | 333M | 383M | 67M | 473M | 61M | 375M | 75M | 325M | 218M |
| Taxes Paid | 0 | 0 | 0 | 612M | 45M | 264M | 0 | 0 | 29M | 537M | 598M | 1.33B | 1.23B | 180M | 125M | 1.36B | 57M | 546M | 643M | 1.43B |