Wal mart stores inc
NYSE: WMT $100.86 -0.44%
Balance Sheet
(Amounts in millions) April 30, January 31, April 30, 2018
2019
ASSETS
Current assets:
Cash and cash equivalents 9,255 7,722 7,885
Receivables, net 5,342 6,283 4,568
Inventories 44,751 44,269 43,303
Prepaid expenses and other 2,391 3,623 3,486
Total current assets 61,739 61,897 59,242
Property and equipment, net 104,604 104,317 107,622
Operating lease right of use assets, net 16,833 0 0
Finance lease right of use assets, net 3,804 0 0
Property under capital lease and financing obligations, net 0 7,078 7,178
Goodwill 31,416 31,181 18,850
Other long-term assets 16,148 14,822 12,035
Total assets 234,544 219,295 204,927
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings 4,828 5,225 7,762
Accounts payable 45,110 47,060 44,612
Dividends payable 4,551 0 4,607
Accrued liabilities 21,023 22,159 20,782
Accrued income taxes 729 428 718
Long-term debt due within one year 1,464 1,876 1,576
Operating lease obligations due within one year 1,748 0 0
Finance lease obligations due within one year 435 0 0
Capital leases obligations due within one year 0 729 700
Total current liabilities 79,888 77,477 80,757
Long-term debt 47,425 43,520 29,477
Long-term operating lease obligations 15,719 0 0
Long-term finance lease obligations 3,810 0 0
Long-term obligations under capital leases 0 6,683 6,828
Deferred income taxes and other 12,792 11,981 9,541
Commitments and contingencies
Equity:
Common stock 286 288 294
Capital in excess of par value 2,734 2,965 2,557
Retained earnings 76,276 80,785 82,982
Accumulated other comprehensive loss -11,091 -11,542 -10,281
Total Walmart shareholders equity 68,205 72,496 75,552
Noncontrolling interest 6,705 7,138 2,772
Total equity 74,910 79,634 78,324
Total liabilities and equity 234,544 219,295 204,927
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Statements of Income
Three Months Ended April 30,
(Amounts in millions, except per share data) 2019 2018 Percent Change
Revenues:
Net sales 122,949 121,630 1.1%
Membership and other income 976 1,060 -7.9%
Total revenues 123,925 122,690 1.0%
Costs and expenses:
Cost of sales 93,034 91,707 1.4%
Operating, selling, general and administrative expenses 25,946 25,829 0.5%
Operating income 4,945 5,154 -4.1%
Interest:
Debt 588 437 34.6%
Finance, capital lease and financing obligations 85 93 -8.6%
Interest income -48 -43 11.6%
Interest, net 625 487 28.3%
Other (gains) and losses -837 1,845 -145.4%
Income before income taxes 5,157 2,822 82.7%
Provision for income taxes 1,251 546 129.1%
Consolidated net income 3,906 2,276 71.6%
Consolidated net income attributable to noncontrolling interest -64 -142 -54.9%
Consolidated net income attributable to Walmart 3,842 2,134 80.0%
Net income per common share:
Basic net income per common share attributable to Walmart 1.34 0.72 86.1%
Diluted net income per common share attributable to Walmart 1.33 0.72 84.7%
Weighted-average common shares outstanding:
Basic 2,869 2,950
Diluted 2,886 2,967
Dividends declared per common share 2.12 2.08
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Cash Flows
Three Months Ended April 30,
(Amounts in millions) 2019 2018
Cash flows from operating activities:
Consolidated net income 3,906 2,276
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization 2,714 2,678
Unrealized (gains) and losses -783 1,845
Deferred income taxes 124 -50
Other operating activities 75 265
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net 970 1,134
Inventories -421 547
Accounts payable -1,854 -1,770
Accrued liabilities -1,514 -1,813
Accrued income taxes 346 49
Net cash provided by operating activities 3,563 5,161
Cash flows from investing activities:
Payments for property and equipment -2,205 -1,818
Proceeds from the disposal of property and equipment 42 198
Proceeds from disposal of certain operations 833 0
Payments for business acquisitions, net of cash acquired -56 0
Other investing activities 251 -62
Net cash used in investing activities -1,135 -1,682
Cash flows from financing activities:
Net change in short-term borrowings -399 2,501
Proceeds from issuance of long-term debt 3,978 0
Repayments of long-term debt -364 -2,521
Dividends paid -1,520 -1,533
Purchase of Company stock -2,135 -539
Dividends paid to noncontrolling interest -96 -66
Other financing activities -310 -328
Net cash used in financing activities -846 -2,486
Effect of exchange rates on cash, cash equivalents and restricted cash -46 143
Net increase (decrease) in cash, cash equivalents and restricted cash 1,536 1,136
Cash, cash equivalents and restricted cash at beginning of year 7,756 7,014
Cash, cash equivalents and restricted cash at end of period 9,292 8,150
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