Walmart 1998 Annual Report Download - page 26

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26
CONSOLIDATED STATEMENTS OF INCOME
(Amounts in millions except per share data)
Fiscal years ended January 31, 1998 1997 1996
Revenues:
Net sales $117,958 $104,859 $ 93,627
Other income-net 1,341 1,319 1,146
119,299 106,178 94,773
Costs and Expenses:
Cost of sales 93,438 83,510 74,505
Operating, selling and general
and administrative expenses 19,358 16,946 15,021
Interest Costs:
Debt 555 629 692
Capital leases 229 216 196
113,580 101,301 90,414
Income Before Income Taxes, Minority Interest
and Equity in Unconsolidated Subsidiaries 5,719 4,877 4,359
Provision for Income Taxes
Current 2,095 1,974 1,530
Deferred 20 (180) 76
2,115 1,794 1,606
Income Before Minority Interest
and Equity in Unconsolidated Subsidiaries 3,604 3,083 2,753
Minority Interest and Equity in Unconsolidated Subsidiaries (78) (27) (13)
Net Income $ 3,526 $3,056 $ 2,740
Net Income Per Share – Basic and Dilutive $1.56 $1.33 $1.19
See accompanying notes.