Home Depot -vs- Lowes

Topics: Income statement, Cash flow, Cash flow statement Pages: 11 (3739 words) Published: June 4, 2005
Home Depot / Lowe's Financial Analysis 1
Running head: THE HOME LEADER -VS- IMPROVING HOME IMPROVEMENTS The Home Leader -vs- Improving Home Improvements
James J. Elliott
Capella University
Douglas Smith, PhD
Accounting and Finance in Organizations
Home Depot / Lowe's Financial Analysis 2
Abstract
An industry of competition, and tight margins The Home Depot, and Lowe's Company are still at it. Both of these companies stand now as the industry standard for the home improvement sector. The numbers that will be presented in this study show proof that both companies have extremely strong financial positions, and a long future in the home improvement industry. Competition is good for the retailer, but even better for the customer. Each company has its strengths and limitations. The decision on which retailer is the better one must be decided by the individual analyzing of each company. The Home Leader -vs- Improving Home Improvements. Home Depot / Lowe's Financial Analysis 3

Table of Contents
The Home Depot Company............................................................................................................4 Introduction.............................................................................................................................................4 Business Description / Strategic Analysis................................................................................................5 Strategy, Products and Market Overview.................................................................................................5 Financial Statements Analysis..................................................................................................................7 The Lowe's Company.....................................................................................................................8 Introduction.............................................................................................................................................8 Business Description / Strategic Analysis................................................................................................9 Financial Statements Analysis................................................................................................................10 Cash Flow Statements...................................................................................................................10 Home Depots Cash Flow Statement.......................................................................................................10 Lowe's Cash Flow Statement..................................................................................................................11 Solvency, Liquidity, and Profitability...........................................................................................12 Home Depots Solvency, liquidity, and profitability...............................................................................12 Lowe's Solvency, liquidity, and profitability..........................................................................................13 Impacting Regulatory Bodies.......................................................................................................13 Investment Bankers.......................................................................................................................14 Conclusion...................................................................................................................................14 Refrences......................................................................................................................................16 Appendix A................................................................................................................................187 The Home Depot Company..................................................................................................................187 Consolidated Statements of...

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Norman, A. (2004, Jan). A Citizen 's View of Home Depot. Retrieved Feb 12, 2005, from http://www.sprawl-busters.com/hometown.htm
Our Heritage
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Securities and Exchange Commission. (2000). Retrieved Feb 19, 2005, from http://sec.gov
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Home Depot to Implement Cornerstone 's Java Technology-based Point-of-Sale Software. (1999, Jan). Retrieved Feb 19, 2005, from http://www.360commerce.com/article.php?article=342§ion=1&tid=77
Home Depot / Lowe 's Financial Analysis 17
The Home Depot Report Record First Quarter 2004 Earnings. (2004, Mar 18). Retrieved Feb 19, 2005, from http://ir.homedepot.com/ReleaseDetail.cfm?ReleaseID=135414&ShSect=E
Home Depot / Lowe 's Financial Analysis 18
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