|
|
|
|
|
|
• | Insurance companies resulting from pharmacy sales; |
• | Banks for customer credit cards, debit cards and electronic bank transfers that take in excess of seven days to process; |
• | Consumer financing programs in certain international operations; |
• | Suppliers for marketing or incentive programs; and |
• | Real estate transactions. |
Fiscal Years Ended January 31, | ||||||||||
(Amounts in millions) | Estimated Useful Lives | 2013 | 2012 | |||||||
Land | N/A | $ | 25,612 | $ | 23,499 | |||||
Buildings and improvements | 3-40 years | 90,686 | 84,275 | |||||||
Fixtures and equipment | 3-25 years | 40,903 | 39,234 | |||||||
Transportation equipment | 3-15 years | 2,796 | 2,682 | |||||||
Construction in progress | N/A | 5,828 | 5,312 | |||||||
Property and equipment | $ | 165,825 | $ | 155,002 | ||||||
Accumulated depreciation | (51,896 | ) | (45,399 | ) | ||||||
Property and equipment, net | $ | 113,929 | $ | 109,603 |
(Amounts in millions) | Walmart U.S. | Walmart International | Sam's Club | Total | ||||||||||||
Balances as of February 1, 2011 | $ | 239 | $ | 16,211 | $ | 313 | $ | 16,763 | ||||||||
Changes in currency translation and other | — | (535 | ) | — | (535 | ) | ||||||||||
Acquisitions(1) | 200 | 4,223 | — | 4,423 | ||||||||||||
Balances as of January 31, 2012 | 439 | 19,899 | 313 | 20,651 | ||||||||||||
Changes in currency translation and other | — | (65 | ) | — | (65 | ) | ||||||||||
Purchase accounting adjustments for prior fiscal year acquisitions(2) | 4 | (532 | ) | — | (528 | ) | ||||||||||
Acquisitions(3) | — | 439 | — | 439 | ||||||||||||
Balances as of January 31, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 |
(1) | Goodwill recorded for acquisitions in fiscal 2012 primarily relates to the acquisition of 147 Netto stores from Dansk Supermarked in the United Kingdom and to the acquisition of a 51% ownership in Massmart, a retailer based in South Africa. Refer to Note 13 for more information about these acquisitions. |
(2) | Fiscal 2013 purchase accounting adjustments primarily relate to the finalization of the Massmart purchase price allocation, which was preliminary at January 31, 2012. |
(3) | Goodwill recorded for fiscal 2013 acquisitions relates to several acquisitions completed in fiscal 2013 that are not significant, individually or in the aggregate, to the Company's Consolidated Financial Statements. |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Deferred membership fee revenue, beginning of year | $ | 559 | $ | 542 | $ | 532 | ||||||
Cash received from members | 1,133 | 1,111 | 1,074 | |||||||||
Membership fee revenue recognized | (1,117 | ) | (1,094 | ) | (1,064 | ) | ||||||
Deferred membership fee revenue, end of year | $ | 575 | $ | 559 | $ | 542 |
|
Currency Translation and Other | Derivative Instruments | Minimum Pension Liability | Total | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Balances as of February 1, 2010 | $ | 348 | $ | 77 | $ | (495 | ) | $ | (70 | ) | ||||||
Other comprehensive income (loss) | 878 | (17 | ) | (145 | ) | 716 | ||||||||||
Balances as of January 31, 2011 | 1,226 | 60 | (640 | ) | 646 | |||||||||||
Other comprehensive income (loss) | (2,032 | ) | (67 | ) | 43 | (2,056 | ) | |||||||||
Balances as of January 31, 2012 | (806 | ) | (7 | ) | (597 | ) | (1,410 | ) | ||||||||
Other comprehensive income (loss) | 853 | 136 | (166 | ) | 823 | |||||||||||
Balances as of January 31, 2013 | $ | 47 | $ | 129 | $ | (763 | ) | $ | (587 | ) |
|
As of January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Accrued wages and benefits(1) | $ | 5,059 | $ | 5,089 | ||||
Self-insurance(2) | 3,373 | 3,638 | ||||||
Accrued taxes(3) | 2,851 | 2,323 | ||||||
Other(4) | 7,525 | 7,130 | ||||||
Total accrued liabilities | $ | 18,808 | $ | 18,180 |
(1) | Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. |
(2) | Self-insurance consists of all insurance-related liabilities, such as workers' compensation, general liability, vehicle liability, property liability and employee-related health care benefits. |
(3) | Accrued taxes include accrued payroll, value added, sales and miscellaneous other taxes. |
(4) | Other accrued liabilities consist of various items such as maintenance, utilities, advertising and interest. |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Maximum amount outstanding at any month-end | $ | 8,740 | $ | 9,594 | $ | 9,282 | ||||||
Average daily short-term borrowings | 6,007 | 6,040 | 4,020 | |||||||||
Weighted-average interest rate | 0.1 | % | 0.1 | % | 0.2 | % |
Fiscal Years Ended January 31, | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
(Amounts in millions) | Available | Drawn | Undrawn | Available | Drawn | Undrawn | ||||||||||||||||||
Five-year credit facility(1) | $ | 6,258 | $ | — | $ | 6,258 | $ | 6,258 | $ | — | $ | 6,258 | ||||||||||||
364-day revolving credit facility(2) | 10,000 | — | 10,000 | 10,000 | — | 10,000 | ||||||||||||||||||
Stand-by letters of credit(3) | 1,871 | 1,868 | 3 | 2,225 | 2,178 | 47 | ||||||||||||||||||
Total | $ | 18,129 | $ | 1,868 | $ | 16,261 | $ | 18,483 | $ | 2,178 | $ | 16,305 |
(1) | In June 2011, the Company renewed and extended its existing five-year credit facility, which is used to support its commercial paper program. |
(2) | In June 2012, the Company renewed and extended its existing 364-day revolving credit facility, which is used to support its commercial paper program. |
(3) | In June 2012, the Company renewed the stand-by letters of credit, which is used to support various potential and actual obligations. |
January 31, 2013 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Maturity Dates By Fiscal Year | Amount | Average Rate(1) | Amount | Average Rate(1) | |||||||||||
Unsecured debt | ||||||||||||||||
Fixed | 2014-2042 | $ | 32,476 | 4.6 | % | $ | 33,128 | 4.6 | % | |||||||
Variable | 2014 | 500 | 5.5 | % | 500 | 5.2 | % | |||||||||
Total U.S. dollar denominated | 32,976 | 33,628 | ||||||||||||||
Fixed | 2030 | 1,358 | 4.9 | % | 1,308 | 4.9 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Euro denominated | 1,358 | 1,308 | ||||||||||||||
Fixed | 2031-2039 | 5,550 | 5.3 | % | 6,301 | 5.3 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Sterling denominated | 5,550 | 6,301 | ||||||||||||||
Fixed | 2014-2021 | 1,942 | 1.4 | % | 2,335 | 1.4 | % | |||||||||
Variable | 2014-2016 | 1,056 | 0.7 | % | 1,271 | 0.8 | % | |||||||||
Total Yen denominated | 2,998 | 3,606 | ||||||||||||||
Total unsecured debt | 42,882 | 44,843 | ||||||||||||||
Total other debt (in USD)(2) | 2014-2042 | 1,099 | 1,202 | |||||||||||||
Total debt | 43,981 | 46,045 | ||||||||||||||
Less amounts due within one year | (5,587 | ) | (1,975 | ) | ||||||||||||
Long-term debt | $ | 38,394 | $ | 44,070 |
(1) | The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end local currency interest rates. Interest costs are also impacted by certain derivative financial instruments described in Note 8. |
(2) | A portion of other debt at January 31, 2013 and 2012, includes secured debt in the amount of $627 million and $319 million, respectively, which was collateralized by property that had an aggregate carrying amount of approximately $599 million and $866 million, respectively. |
(Amounts in millions) | Annual | ||
Fiscal Year | Maturity | ||
2014 | $ | 5,587 | |
2015 | 3,753 | ||
2016 | 4,562 | ||
2017 | 1,127 | ||
2018 | 1,128 | ||
Thereafter | 27,824 | ||
Total | $ | 43,981 |
Issue Date | Maturity Date | Interest Rate | Principal Amount | |||||
April 18, 2011 | April 15, 2014 | 1.625% | $ | 1,000 | ||||
April 18, 2011 | April 15, 2016 | 2.800% | 1,000 | |||||
April 18, 2011 | April 15, 2021 | 4.250% | 1,000 | |||||
April 18, 2011 | April 15, 2041 | 5.625% | 2,000 | |||||
Total | $ | 5,000 |
|
• | Level 1: observable inputs such as quoted prices in active markets; |
• | Level 2: inputs other than quoted prices in active markets that are either directly or indirectly observable; and |
• | Level 3: unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions. |
January 31, 2013 | January 31, 2012 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 3,445 | $ | 60 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 223 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,944 | 230 | 2,884 | (3 | ) | ||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,056 | (8 | ) | 1,270 | (16 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 5,000 | 10 | — | — | |||||||||||
Total | $ | 13,695 | $ | 515 | $ | 9,349 | $ | 480 |
January 31, 2013 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 43,981 | $ | 50,664 | $ | 46,045 | $ | 53,043 |
|
January 31, 2013 | January 31, 2012 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Prepaid expenses and other | $ | 29 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 31 | 223 | 327 | 181 | 316 | 91 | |||||||||||||||||
Derivative asset subtotals | $ | 60 | $ | 223 | $ | 327 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | 4 | $ | — | $ | — | $ | — | |||||||||||
Deferred income taxes and other | — | — | 91 | — | — | 110 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 95 | $ | — | $ | — | $ | 110 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 818 | $ | — | $ | — | $ | 785 | $ | — | |||||||||||
Long-term debt | — | 6,145 | — | — | 7,546 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 6,963 | $ | — | $ | — | $ | 8,331 | $ | — |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
U.S. | $ | 19,352 | $ | 18,685 | $ | 18,398 | ||||||
Non-U.S. | 6,385 | 5,713 | 5,140 | |||||||||
Total income from continuing operations before income taxes | $ | 25,737 | $ | 24,398 | $ | 23,538 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Current: | ||||||||||||
U.S. federal | $ | 5,611 | $ | 4,596 | $ | 4,600 | ||||||
U.S. state and local | 622 | 743 | 637 | |||||||||
International | 1,766 | 1,403 | 1,466 | |||||||||
Total current tax provision | 7,999 | 6,742 | 6,703 | |||||||||
Deferred: | ||||||||||||
U.S. federal | 38 | 1,444 | 818 | |||||||||
U.S. state and local | (8 | ) | 57 | 39 | ||||||||
International | (48 | ) | (299 | ) | 19 | |||||||
Total deferred tax expense (benefit) | (18 | ) | 1,202 | 876 | ||||||||
Total provision for income taxes | $ | 7,981 | $ | 7,944 | $ | 7,579 |
Fiscal Years Ended January 31, | |||||||||
2013 | 2012 | 2011 | |||||||
U.S. statutory tax rate | 35.0 | % | 35.0 | % | 35.0 | % | |||
U.S. state income taxes, net of federal income tax benefit | 1.7 | % | 2.0 | % | 1.9 | % | |||
Income taxed outside the U.S. | (2.6 | )% | (2.8 | )% | (2.2 | )% | |||
Net impact of repatriated international earnings | (2.5 | )% | (0.3 | )% | (1.5 | )% | |||
Other, net | (0.6 | )% | (1.3 | )% | (1.0 | )% | |||
Effective income tax rate | 31.0 | % | 32.6 | % | 32.2 | % |
January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Deferred tax assets: | ||||||||
Loss and tax credit carryforwards | $ | 3,525 | $ | 2,996 | ||||
Accrued liabilities | 2,683 | 2,949 | ||||||
Share-based compensation | 204 | 376 | ||||||
Other | 1,500 | 1,029 | ||||||
Total deferred tax assets | 7,912 | 7,350 | ||||||
Valuation allowance | (2,225 | ) | (2,528 | ) | ||||
Deferred tax assets, net of valuation allowance | 5,687 | 4,822 | ||||||
Deferred tax liabilities: | ||||||||
Property and equipment | 5,830 | 5,891 | ||||||
Inventories | 1,912 | 1,627 | ||||||
Other | 1,157 | 409 | ||||||
Total deferred tax liabilities | 8,899 | 7,927 | ||||||
Net deferred tax liabilities | $ | 3,212 | $ | 3,105 |
January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Balance Sheet classification: | ||||||||
Assets: | ||||||||
Prepaid expenses and other | $ | 520 | $ | 815 | ||||
Other assets and deferred charges | 757 | 738 | ||||||
Asset subtotals | 1,277 | 1,553 | ||||||
Liabilities: | ||||||||
Accrued liabilities | 116 | 41 | ||||||
Deferred income taxes and other | 4,373 | 4,617 | ||||||
Liability subtotals | 4,489 | 4,658 | ||||||
Net deferred tax liabilities | $ | 3,212 | $ | 3,105 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Unrecognized tax benefits, beginning of year | $ | 611 | $ | 795 | $ | 1,019 | ||||||
Increases related to prior year tax positions | 88 | 87 | 101 | |||||||||
Decreases related to prior year tax positions | (232 | ) | (162 | ) | (61 | ) | ||||||
Increases related to current year tax positions | 431 | 56 | 199 | |||||||||
Settlements during the period | (80 | ) | (161 | ) | (453 | ) | ||||||
Lapse in statutes of limitations | — | (4 | ) | (10 | ) | |||||||
Unrecognized tax benefits, end of year | $ | 818 | $ | 611 | $ | 795 |
|
|
(Amounts in millions) | ||||||||
Fiscal Year | Operating Leases | Capital Leases | ||||||
2014 | $ | 1,722 | $ | 620 | ||||
2015 | 1,598 | 584 | ||||||
2016 | 1,480 | 535 | ||||||
2017 | 1,384 | 490 | ||||||
2018 | 1,246 | 449 | ||||||
Thereafter | 9,373 | 3,590 | ||||||
Total minimum rentals | $ | 16,803 | $ | 6,268 | ||||
Less estimated executory costs | 55 | |||||||
Net minimum lease payments | 6,213 | |||||||
Less imputed interest | 2,863 | |||||||
Present value of minimum lease payments | $ | 3,350 |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Defined contribution plans: | ||||||||||||
U.S. | $ | 818 | $ | 752 | $ | 1,098 | ||||||
International | 166 | 230 | 75 | |||||||||
Defined benefit plans: | ||||||||||||
International | 26 | 54 | 146 | |||||||||
Total contribution expense for retirement-related benefits | $ | 1,010 | $ | 1,036 | $ | 1,319 |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Germany | $ | — | $ | (67 | ) | $ | 1,041 | |||||
Seiyu | — | — | (7 | ) | ||||||||
Income (loss) from discontinued operations, net of income taxes | $ | — | $ | (67 | ) | $ | 1,034 |
|
Walmart | Other | |||||||||||||||||||
(Amounts in millions) | Walmart U.S. | International | Sam's Club | Unallocated | Consolidated | |||||||||||||||
Fiscal Year Ended January 31, 2013 | ||||||||||||||||||||
Net sales | $ | 274,490 | $ | 135,201 | $ | 56,423 | $ | — | $ | 466,114 | ||||||||||
Operating income (loss) | 21,500 | 6,694 | 1,963 | (2,356 | ) | 27,801 | ||||||||||||||
Interest expense, net | (2,064 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 25,737 | ||||||||||||||||||
Total assets | $ | 96,234 | $ | 85,695 | $ | 13,479 | $ | 7,697 | $ | 203,105 | ||||||||||
Depreciation and amortization | 4,586 | 2,628 | 617 | 670 | 8,501 | |||||||||||||||
Capital expenditures | 5,994 | 4,640 | 868 | 1,396 | 12,898 | |||||||||||||||
Fiscal Year Ended January 31, 2012 | ||||||||||||||||||||
Net sales | $ | 264,186 | $ | 125,873 | $ | 53,795 | $ | — | $ | 443,854 | ||||||||||
Operating income (loss) | 20,391 | 6,182 | 1,848 | (1,863 | ) | 26,558 | ||||||||||||||
Interest expense, net | (2,160 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,398 | ||||||||||||||||||
Total assets | $ | 93,143 | $ | 81,289 | $ | 12,824 | $ | 6,150 | $ | 193,406 | ||||||||||
Depreciation and amortization | 4,557 | 2,438 | 595 | 540 | 8,130 | |||||||||||||||
Capital expenditures | 6,226 | 5,274 | 823 | 1,187 | 13,510 | |||||||||||||||
Fiscal Year Ended January 31, 2011 | ||||||||||||||||||||
Net sales | $ | 260,261 | $ | 109,232 | $ | 49,459 | $ | — | $ | 418,952 | ||||||||||
Operating income (loss) | 19,941 | 5,575 | 1,695 | (1,669 | ) | 25,542 | ||||||||||||||
Interest expense, net | (2,004 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 23,538 | ||||||||||||||||||
Total assets | $ | 90,166 | $ | 71,172 | $ | 12,536 | $ | 6,908 | $ | 180,782 | ||||||||||
Depreciation and amortization | 4,605 | 2,195 | 601 | 240 | 7,641 | |||||||||||||||
Capital expenditures | 7,328 | 3,994 | 711 | 666 | 12,699 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Total revenues | ||||||||||||
U.S. operations | $ | 332,844 | $ | 319,800 | $ | 311,591 | ||||||
Non-U.S. operations | 136,318 | 127,150 | 110,258 | |||||||||
Total revenues | $ | 469,162 | $ | 446,950 | $ | 421,849 | ||||||
Long-lived assets | ||||||||||||
U.S. operations | $ | 77,692 | $ | 75,881 | $ | 73,592 | ||||||
Non-U.S. operations | 38,989 | 36,443 | 34,286 | |||||||||
Total long-lived assets | $ | 116,681 | $ | 112,324 | $ | 107,878 |
|
Record Date | Payable Date | |
March 12, 2013 | April 1, 2013 | |
May 10, 2013 | June 3, 2013 | |
August 9, 2013 | September 3, 2013 | |
December 6, 2013 | January 2, 2014 |
|
Fiscal Year Ended January 31, 2013 | ||||||||||||||||||||
(Amounts in millions, except per share data) | Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||
Total revenues | $ | 113,018 | $ | 114,296 | $ | 113,929 | $ | 127,919 | $ | 469,162 | ||||||||||
Net sales | 112,272 | 113,534 | 113,204 | 127,104 | 466,114 | |||||||||||||||
Cost of sales | 85,186 | 85,657 | 85,517 | 96,128 | 352,488 | |||||||||||||||
Income from continuing operations | 3,894 | 4,161 | 3,825 | 5,876 | 17,756 | |||||||||||||||
Consolidated net income | 3,894 | 4,161 | 3,825 | 5,876 | 17,756 | |||||||||||||||
Consolidated net income attributable to Walmart | 3,742 | 4,016 | 3,635 | 5,606 | 16,999 | |||||||||||||||
Basic net income per common share attributable to Walmart | 1.10 | 1.19 | 1.08 | 1.68 | 5.04 | |||||||||||||||
Diluted net income per common share attributable to Walmart | 1.09 | 1.18 | 1.08 | 1.67 | 5.02 | |||||||||||||||
Fiscal Year Ended January 31, 2012 | ||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||||||
Total revenues | $ | 104,189 | $ | 109,366 | $ | 110,226 | $ | 123,169 | $ | 446,950 | ||||||||||
Net sales | 103,415 | 108,638 | 109,516 | 122,285 | 443,854 | |||||||||||||||
Cost of sales | 78,177 | 81,770 | 82,591 | 92,589 | 335,127 | |||||||||||||||
Income from continuing operations | 3,578 | 3,937 | 3,501 | 5,438 | 16,454 | |||||||||||||||
Consolidated net income | 3,550 | 3,937 | 3,493 | 5,407 | 16,387 | |||||||||||||||
Consolidated net income attributable to Walmart | 3,399 | 3,801 | 3,336 | 5,163 | 15,699 | |||||||||||||||
Basic net income per common share attributable to Walmart | 0.97 | 1.09 | 0.97 | 1.51 | 4.54 | |||||||||||||||
Diluted net income per common share attributable to Walmart | 0.97 | 1.09 | 0.96 | 1.50 | 4.52 |
|
• | Insurance companies resulting from pharmacy sales; |
• | Banks for customer credit cards, debit cards and electronic bank transfers that take in excess of seven days to process; |
• | Consumer financing programs in certain international operations; |
• | Suppliers for marketing or incentive programs; and |
• | Real estate transactions. |
Fiscal Years Ended January 31, | ||||||||||
(Amounts in millions) | Estimated Useful Lives | 2013 | 2012 | |||||||
Land | N/A | $ | 25,612 | $ | 23,499 | |||||
Buildings and improvements | 3-40 years | 90,686 | 84,275 | |||||||
Fixtures and equipment | 3-25 years | 40,903 | 39,234 | |||||||
Transportation equipment | 3-15 years | 2,796 | 2,682 | |||||||
Construction in progress | N/A | 5,828 | 5,312 | |||||||
Property and equipment | $ | 165,825 | $ | 155,002 | ||||||
Accumulated depreciation | (51,896 | ) | (45,399 | ) | ||||||
Property and equipment, net | $ | 113,929 | $ | 109,603 |
(Amounts in millions) | Walmart U.S. | Walmart International | Sam's Club | Total | ||||||||||||
Balances as of February 1, 2011 | $ | 239 | $ | 16,211 | $ | 313 | $ | 16,763 | ||||||||
Changes in currency translation and other | — | (535 | ) | — | (535 | ) | ||||||||||
Acquisitions(1) | 200 | 4,223 | — | 4,423 | ||||||||||||
Balances as of January 31, 2012 | 439 | 19,899 | 313 | 20,651 | ||||||||||||
Changes in currency translation and other | — | (65 | ) | — | (65 | ) | ||||||||||
Purchase accounting adjustments for prior fiscal year acquisitions(2) | 4 | (532 | ) | — | (528 | ) | ||||||||||
Acquisitions(3) | — | 439 | — | 439 | ||||||||||||
Balances as of January 31, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 |
(1) | Goodwill recorded for acquisitions in fiscal 2012 primarily relates to the acquisition of 147 Netto stores from Dansk Supermarked in the United Kingdom and to the acquisition of a 51% ownership in Massmart, a retailer based in South Africa. Refer to Note 13 for more information about these acquisitions. |
(2) | Fiscal 2013 purchase accounting adjustments primarily relate to the finalization of the Massmart purchase price allocation, which was preliminary at January 31, 2012. |
(3) | Goodwill recorded for fiscal 2013 acquisitions relates to several acquisitions completed in fiscal 2013 that are not significant, individually or in the aggregate, to the Company's Consolidated Financial Statements. |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Deferred membership fee revenue, beginning of year | $ | 559 | $ | 542 | $ | 532 | ||||||
Cash received from members | 1,133 | 1,111 | 1,074 | |||||||||
Membership fee revenue recognized | (1,117 | ) | (1,094 | ) | (1,064 | ) | ||||||
Deferred membership fee revenue, end of year | $ | 575 | $ | 559 | $ | 542 |
|
Fiscal Years Ended January 31, | ||||||||||
(Amounts in millions) | Estimated Useful Lives | 2013 | 2012 | |||||||
Land | N/A | $ | 25,612 | $ | 23,499 | |||||
Buildings and improvements | 3-40 years | 90,686 | 84,275 | |||||||
Fixtures and equipment | 3-25 years | 40,903 | 39,234 | |||||||
Transportation equipment | 3-15 years | 2,796 | 2,682 | |||||||
Construction in progress | N/A | 5,828 | 5,312 | |||||||
Property and equipment | $ | 165,825 | $ | 155,002 | ||||||
Accumulated depreciation | (51,896 | ) | (45,399 | ) | ||||||
Property and equipment, net | $ | 113,929 | $ | 109,603 |
(Amounts in millions) | Walmart U.S. | Walmart International | Sam's Club | Total | ||||||||||||
Balances as of February 1, 2011 | $ | 239 | $ | 16,211 | $ | 313 | $ | 16,763 | ||||||||
Changes in currency translation and other | — | (535 | ) | — | (535 | ) | ||||||||||
Acquisitions(1) | 200 | 4,223 | — | 4,423 | ||||||||||||
Balances as of January 31, 2012 | 439 | 19,899 | 313 | 20,651 | ||||||||||||
Changes in currency translation and other | — | (65 | ) | — | (65 | ) | ||||||||||
Purchase accounting adjustments for prior fiscal year acquisitions(2) | 4 | (532 | ) | — | (528 | ) | ||||||||||
Acquisitions(3) | — | 439 | — | 439 | ||||||||||||
Balances as of January 31, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Deferred membership fee revenue, beginning of year | $ | 559 | $ | 542 | $ | 532 | ||||||
Cash received from members | 1,133 | 1,111 | 1,074 | |||||||||
Membership fee revenue recognized | (1,117 | ) | (1,094 | ) | (1,064 | ) | ||||||
Deferred membership fee revenue, end of year | $ | 575 | $ | 559 | $ | 542 |
|
Currency Translation and Other | Derivative Instruments | Minimum Pension Liability | Total | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Balances as of February 1, 2010 | $ | 348 | $ | 77 | $ | (495 | ) | $ | (70 | ) | ||||||
Other comprehensive income (loss) | 878 | (17 | ) | (145 | ) | 716 | ||||||||||
Balances as of January 31, 2011 | 1,226 | 60 | (640 | ) | 646 | |||||||||||
Other comprehensive income (loss) | (2,032 | ) | (67 | ) | 43 | (2,056 | ) | |||||||||
Balances as of January 31, 2012 | (806 | ) | (7 | ) | (597 | ) | (1,410 | ) | ||||||||
Other comprehensive income (loss) | 853 | 136 | (166 | ) | 823 | |||||||||||
Balances as of January 31, 2013 | $ | 47 | $ | 129 | $ | (763 | ) | $ | (587 | ) |
|
As of January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Accrued wages and benefits(1) | $ | 5,059 | $ | 5,089 | ||||
Self-insurance(2) | 3,373 | 3,638 | ||||||
Accrued taxes(3) | 2,851 | 2,323 | ||||||
Other(4) | 7,525 | 7,130 | ||||||
Total accrued liabilities | $ | 18,808 | $ | 18,180 |
(1) | Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. |
(2) | Self-insurance consists of all insurance-related liabilities, such as workers' compensation, general liability, vehicle liability, property liability and employee-related health care benefits. |
(3) | Accrued taxes include accrued payroll, value added, sales and miscellaneous other taxes. |
(4) | Other accrued liabilities consist of various items such as maintenance, utilities, advertising and interest. |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Maximum amount outstanding at any month-end | $ | 8,740 | $ | 9,594 | $ | 9,282 | ||||||
Average daily short-term borrowings | 6,007 | 6,040 | 4,020 | |||||||||
Weighted-average interest rate | 0.1 | % | 0.1 | % | 0.2 | % |
Fiscal Years Ended January 31, | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
(Amounts in millions) | Available | Drawn | Undrawn | Available | Drawn | Undrawn | ||||||||||||||||||
Five-year credit facility(1) | $ | 6,258 | $ | — | $ | 6,258 | $ | 6,258 | $ | — | $ | 6,258 | ||||||||||||
364-day revolving credit facility(2) | 10,000 | — | 10,000 | 10,000 | — | 10,000 | ||||||||||||||||||
Stand-by letters of credit(3) | 1,871 | 1,868 | 3 | 2,225 | 2,178 | 47 | ||||||||||||||||||
Total | $ | 18,129 | $ | 1,868 | $ | 16,261 | $ | 18,483 | $ | 2,178 | $ | 16,305 |
(1) | In June 2011, the Company renewed and extended its existing five-year credit facility, which is used to support its commercial paper program. |
(2) | In June 2012, the Company renewed and extended its existing 364-day revolving credit facility, which is used to support its commercial paper program. |
(3) | In June 2012, the Company renewed the stand-by letters of credit, which is used to support various potential and actual obligations. |
January 31, 2013 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Maturity Dates By Fiscal Year | Amount | Average Rate(1) | Amount | Average Rate(1) | |||||||||||
Unsecured debt | ||||||||||||||||
Fixed | 2014-2042 | $ | 32,476 | 4.6 | % | $ | 33,128 | 4.6 | % | |||||||
Variable | 2014 | 500 | 5.5 | % | 500 | 5.2 | % | |||||||||
Total U.S. dollar denominated | 32,976 | 33,628 | ||||||||||||||
Fixed | 2030 | 1,358 | 4.9 | % | 1,308 | 4.9 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Euro denominated | 1,358 | 1,308 | ||||||||||||||
Fixed | 2031-2039 | 5,550 | 5.3 | % | 6,301 | 5.3 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Sterling denominated | 5,550 | 6,301 | ||||||||||||||
Fixed | 2014-2021 | 1,942 | 1.4 | % | 2,335 | 1.4 | % | |||||||||
Variable | 2014-2016 | 1,056 | 0.7 | % | 1,271 | 0.8 | % | |||||||||
Total Yen denominated | 2,998 | 3,606 | ||||||||||||||
Total unsecured debt | 42,882 | 44,843 | ||||||||||||||
Total other debt (in USD)(2) | 2014-2042 | 1,099 | 1,202 | |||||||||||||
Total debt | 43,981 | 46,045 | ||||||||||||||
Less amounts due within one year | (5,587 | ) | (1,975 | ) | ||||||||||||
Long-term debt | $ | 38,394 | $ | 44,070 |
(1) | The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end local currency interest rates. Interest costs are also impacted by certain derivative financial instruments described in Note 8. |
(2) | A portion of other debt at January 31, 2013 and 2012, includes secured debt in the amount of $627 million and $319 million, respectively, which was collateralized by property that had an aggregate carrying amount of approximately $599 million and $866 million, respectively. |
(Amounts in millions) | Annual | ||
Fiscal Year | Maturity | ||
2014 | $ | 5,587 | |
2015 | 3,753 | ||
2016 | 4,562 | ||
2017 | 1,127 | ||
2018 | 1,128 | ||
Thereafter | 27,824 | ||
Total | $ | 43,981 |
Issue Date | Maturity Date | Interest Rate | Principal Amount | |||||
April 18, 2011 | April 15, 2014 | 1.625% | $ | 1,000 | ||||
April 18, 2011 | April 15, 2016 | 2.800% | 1,000 | |||||
April 18, 2011 | April 15, 2021 | 4.250% | 1,000 | |||||
April 18, 2011 | April 15, 2041 | 5.625% | 2,000 | |||||
Total | $ | 5,000 |
|
January 31, 2013 | January 31, 2012 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 3,445 | $ | 60 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 223 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,944 | 230 | 2,884 | (3 | ) | ||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,056 | (8 | ) | 1,270 | (16 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 5,000 | 10 | — | — | |||||||||||
Total | $ | 13,695 | $ | 515 | $ | 9,349 | $ | 480 |
January 31, 2013 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 43,981 | $ | 50,664 | $ | 46,045 | $ | 53,043 |
|
January 31, 2013 | January 31, 2012 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Prepaid expenses and other | $ | 29 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 31 | 223 | 327 | 181 | 316 | 91 | |||||||||||||||||
Derivative asset subtotals | $ | 60 | $ | 223 | $ | 327 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | 4 | $ | — | $ | — | $ | — | |||||||||||
Deferred income taxes and other | — | — | 91 | — | — | 110 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 95 | $ | — | $ | — | $ | 110 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 818 | $ | — | $ | — | $ | 785 | $ | — | |||||||||||
Long-term debt | — | 6,145 | — | — | 7,546 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 6,963 | $ | — | $ | — | $ | 8,331 | $ | — |
|
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
U.S. | $ | 19,352 | $ | 18,685 | $ | 18,398 | ||||||
Non-U.S. | 6,385 | 5,713 | 5,140 | |||||||||
Total income from continuing operations before income taxes | $ | 25,737 | $ | 24,398 | $ | 23,538 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Current: | ||||||||||||
U.S. federal | $ | 5,611 | $ | 4,596 | $ | 4,600 | ||||||
U.S. state and local | 622 | 743 | 637 | |||||||||
International | 1,766 | 1,403 | 1,466 | |||||||||
Total current tax provision | 7,999 | 6,742 | 6,703 | |||||||||
Deferred: | ||||||||||||
U.S. federal | 38 | 1,444 | 818 | |||||||||
U.S. state and local | (8 | ) | 57 | 39 | ||||||||
International | (48 | ) | (299 | ) | 19 | |||||||
Total deferred tax expense (benefit) | (18 | ) | 1,202 | 876 | ||||||||
Total provision for income taxes | $ | 7,981 | $ | 7,944 | $ | 7,579 |
Fiscal Years Ended January 31, | |||||||||
2013 | 2012 | 2011 | |||||||
U.S. statutory tax rate | 35.0 | % | 35.0 | % | 35.0 | % | |||
U.S. state income taxes, net of federal income tax benefit | 1.7 | % | 2.0 | % | 1.9 | % | |||
Income taxed outside the U.S. | (2.6 | )% | (2.8 | )% | (2.2 | )% | |||
Net impact of repatriated international earnings | (2.5 | )% | (0.3 | )% | (1.5 | )% | |||
Other, net | (0.6 | )% | (1.3 | )% | (1.0 | )% | |||
Effective income tax rate | 31.0 | % | 32.6 | % | 32.2 | % |
January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Deferred tax assets: | ||||||||
Loss and tax credit carryforwards | $ | 3,525 | $ | 2,996 | ||||
Accrued liabilities | 2,683 | 2,949 | ||||||
Share-based compensation | 204 | 376 | ||||||
Other | 1,500 | 1,029 | ||||||
Total deferred tax assets | 7,912 | 7,350 | ||||||
Valuation allowance | (2,225 | ) | (2,528 | ) | ||||
Deferred tax assets, net of valuation allowance | 5,687 | 4,822 | ||||||
Deferred tax liabilities: | ||||||||
Property and equipment | 5,830 | 5,891 | ||||||
Inventories | 1,912 | 1,627 | ||||||
Other | 1,157 | 409 | ||||||
Total deferred tax liabilities | 8,899 | 7,927 | ||||||
Net deferred tax liabilities | $ | 3,212 | $ | 3,105 |
January 31, | ||||||||
(Amounts in millions) | 2013 | 2012 | ||||||
Balance Sheet classification: | ||||||||
Assets: | ||||||||
Prepaid expenses and other | $ | 520 | $ | 815 | ||||
Other assets and deferred charges | 757 | 738 | ||||||
Asset subtotals | 1,277 | 1,553 | ||||||
Liabilities: | ||||||||
Accrued liabilities | 116 | 41 | ||||||
Deferred income taxes and other | 4,373 | 4,617 | ||||||
Liability subtotals | 4,489 | 4,658 | ||||||
Net deferred tax liabilities | $ | 3,212 | $ | 3,105 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Unrecognized tax benefits, beginning of year | $ | 611 | $ | 795 | $ | 1,019 | ||||||
Increases related to prior year tax positions | 88 | 87 | 101 | |||||||||
Decreases related to prior year tax positions | (232 | ) | (162 | ) | (61 | ) | ||||||
Increases related to current year tax positions | 431 | 56 | 199 | |||||||||
Settlements during the period | (80 | ) | (161 | ) | (453 | ) | ||||||
Lapse in statutes of limitations | — | (4 | ) | (10 | ) | |||||||
Unrecognized tax benefits, end of year | $ | 818 | $ | 611 | $ | 795 |
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(Amounts in millions) | ||||||||
Fiscal Year | Operating Leases | Capital Leases | ||||||
2014 | $ | 1,722 | $ | 620 | ||||
2015 | 1,598 | 584 | ||||||
2016 | 1,480 | 535 | ||||||
2017 | 1,384 | 490 | ||||||
2018 | 1,246 | 449 | ||||||
Thereafter | 9,373 | 3,590 | ||||||
Total minimum rentals | $ | 16,803 | $ | 6,268 | ||||
Less estimated executory costs | 55 | |||||||
Net minimum lease payments | 6,213 | |||||||
Less imputed interest | 2,863 | |||||||
Present value of minimum lease payments | $ | 3,350 |
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Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Defined contribution plans: | ||||||||||||
U.S. | $ | 818 | $ | 752 | $ | 1,098 | ||||||
International | 166 | 230 | 75 | |||||||||
Defined benefit plans: | ||||||||||||
International | 26 | 54 | 146 | |||||||||
Total contribution expense for retirement-related benefits | $ | 1,010 | $ | 1,036 | $ | 1,319 |
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Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Germany | $ | — | $ | (67 | ) | $ | 1,041 | |||||
Seiyu | — | — | (7 | ) | ||||||||
Income (loss) from discontinued operations, net of income taxes | $ | — | $ | (67 | ) | $ | 1,034 |
|
Walmart | Other | |||||||||||||||||||
(Amounts in millions) | Walmart U.S. | International | Sam's Club | Unallocated | Consolidated | |||||||||||||||
Fiscal Year Ended January 31, 2013 | ||||||||||||||||||||
Net sales | $ | 274,490 | $ | 135,201 | $ | 56,423 | $ | — | $ | 466,114 | ||||||||||
Operating income (loss) | 21,500 | 6,694 | 1,963 | (2,356 | ) | 27,801 | ||||||||||||||
Interest expense, net | (2,064 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 25,737 | ||||||||||||||||||
Total assets | $ | 96,234 | $ | 85,695 | $ | 13,479 | $ | 7,697 | $ | 203,105 | ||||||||||
Depreciation and amortization | 4,586 | 2,628 | 617 | 670 | 8,501 | |||||||||||||||
Capital expenditures | 5,994 | 4,640 | 868 | 1,396 | 12,898 | |||||||||||||||
Fiscal Year Ended January 31, 2012 | ||||||||||||||||||||
Net sales | $ | 264,186 | $ | 125,873 | $ | 53,795 | $ | — | $ | 443,854 | ||||||||||
Operating income (loss) | 20,391 | 6,182 | 1,848 | (1,863 | ) | 26,558 | ||||||||||||||
Interest expense, net | (2,160 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,398 | ||||||||||||||||||
Total assets | $ | 93,143 | $ | 81,289 | $ | 12,824 | $ | 6,150 | $ | 193,406 | ||||||||||
Depreciation and amortization | 4,557 | 2,438 | 595 | 540 | 8,130 | |||||||||||||||
Capital expenditures | 6,226 | 5,274 | 823 | 1,187 | 13,510 | |||||||||||||||
Fiscal Year Ended January 31, 2011 | ||||||||||||||||||||
Net sales | $ | 260,261 | $ | 109,232 | $ | 49,459 | $ | — | $ | 418,952 | ||||||||||
Operating income (loss) | 19,941 | 5,575 | 1,695 | (1,669 | ) | 25,542 | ||||||||||||||
Interest expense, net | (2,004 | ) | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 23,538 | ||||||||||||||||||
Total assets | $ | 90,166 | $ | 71,172 | $ | 12,536 | $ | 6,908 | $ | 180,782 | ||||||||||
Depreciation and amortization | 4,605 | 2,195 | 601 | 240 | 7,641 | |||||||||||||||
Capital expenditures | 7,328 | 3,994 | 711 | 666 | 12,699 |
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Total revenues | ||||||||||||
U.S. operations | $ | 332,844 | $ | 319,800 | $ | 311,591 | ||||||
Non-U.S. operations | 136,318 | 127,150 | 110,258 | |||||||||
Total revenues | $ | 469,162 | $ | 446,950 | $ | 421,849 | ||||||
Long-lived assets | ||||||||||||
U.S. operations | $ | 77,692 | $ | 75,881 | $ | 73,592 | ||||||
Non-U.S. operations | 38,989 | 36,443 | 34,286 | |||||||||
Total long-lived assets | $ | 116,681 | $ | 112,324 | $ | 107,878 |
|
Record Date | Payable Date | |
March 12, 2013 | April 1, 2013 | |
May 10, 2013 | June 3, 2013 | |
August 9, 2013 | September 3, 2013 | |
December 6, 2013 | January 2, 2014 |
|
Fiscal Year Ended January 31, 2013 | ||||||||||||||||||||
(Amounts in millions, except per share data) | Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||
Total revenues | $ | 113,018 | $ | 114,296 | $ | 113,929 | $ | 127,919 | $ | 469,162 | ||||||||||
Net sales | 112,272 | 113,534 | 113,204 | 127,104 | 466,114 | |||||||||||||||
Cost of sales | 85,186 | 85,657 | 85,517 | 96,128 | 352,488 | |||||||||||||||
Income from continuing operations | 3,894 | 4,161 | 3,825 | 5,876 | 17,756 | |||||||||||||||
Consolidated net income | 3,894 | 4,161 | 3,825 | 5,876 | 17,756 | |||||||||||||||
Consolidated net income attributable to Walmart | 3,742 | 4,016 | 3,635 | 5,606 | 16,999 | |||||||||||||||
Basic net income per common share attributable to Walmart | 1.10 | 1.19 | 1.08 | 1.68 | 5.04 | |||||||||||||||
Diluted net income per common share attributable to Walmart | 1.09 | 1.18 | 1.08 | 1.67 | 5.02 | |||||||||||||||
Fiscal Year Ended January 31, 2012 | ||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||||||
Total revenues | $ | 104,189 | $ | 109,366 | $ | 110,226 | $ | 123,169 | $ | 446,950 | ||||||||||
Net sales | 103,415 | 108,638 | 109,516 | 122,285 | 443,854 | |||||||||||||||
Cost of sales | 78,177 | 81,770 | 82,591 | 92,589 | 335,127 | |||||||||||||||
Income from continuing operations | 3,578 | 3,937 | 3,501 | 5,438 | 16,454 | |||||||||||||||
Consolidated net income | 3,550 | 3,937 | 3,493 | 5,407 | 16,387 | |||||||||||||||
Consolidated net income attributable to Walmart | 3,399 | 3,801 | 3,336 | 5,163 | 15,699 | |||||||||||||||
Basic net income per common share attributable to Walmart | 0.97 | 1.09 | 0.97 | 1.51 | 4.54 | |||||||||||||||
Diluted net income per common share attributable to Walmart | 0.97 | 1.09 | 0.96 | 1.50 | 4.52 |
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