Walmart 1998 Annual Report Download - page 37

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International long-lived assets excluding goodwill are
$3,537 million, $1,199 million and $952 million in 1998, 1997
and 1996, respectively. Additions to international long-lived
assets are $2,401 million, $317 million and $747 million in
1998, 1997 and 1996, respectively. The international segment
includes all international real estate. All of the real estate in
the United States is included in the “Other” category and is
leased to Wal-Mart Stores and SAM’S Club. The revenues in
the “other” category result from sales to third parties by
McLane Company, Inc., a wholesale distributor.
McLane offers a wide variety of grocery and non-grocery
products, which it sells to a variety of retailers including the
Company’s Wal-Mart Stores and SAM’S Club. McLane is
not a significant segment and, therefore, results are not
presented separately.
Fiscal year ended January 31,1997
Wal-Mart Stores SAM’S Club International Other Consolidated
Revenues from external customers $ 74,840 $ 19,785 $ 5,002 $ 5,232 $ 104,859
Intercompany real estate charge (income) 1,250 346 (1,596)
Depreciation and amortization 628 99 70 666 1,463
Operating income 5,033 557 24 108 5,722
Interest expense 845
Income before income taxes
and minority interest 4,877
Total assets $ 20,905 $ 3,927 $ 2,887 $ 11,885 $ 39,604
Fiscal year ended January 31,1996
Wal-Mart Stores SAM’S Club International Other Consolidated
Revenues from external customers $ 66,271 $ 19,068 $ 3,712 $ 4,576 $ 93,627
Intercompany real estate charge (income) 1,075 339 (1,414)
Depreciation and amortization 561 95 52 596 1,304
Operating income 4,562 480 (16) 221 5,247
Interest expense 888
Income before income taxes
and minority interest 4,359
Total assets $ 19,292 $ 3,875 $ 2,305 $ 12,069 $ 37,541
10 Quarterly Financial Data (unaudited)
Quarters ended
Amounts in millions (except per share information) April 30, July 31, October 31, January 31,
1998
Net sales $ 25,409 $ 28,386 $ 28,777 $ 35,386
Cost of sales 20,127 22,478 22,680 28,153
Net income 652 795 792 1,287
Net income per share, basic and dilutive $.29 $.35 $.35 $.57
1997
Net sales $ 22,772 $ 25,587 $ 25,644 $ 30,856
Cost of sales 18,032 20,336 20,416 24,726
Net income 571 706 684 1,095
Net income per share, basic and dilutive $.25 $.31 $.30 $.48
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