Walmart 1999 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, 1999 1998 1997
Revenues:
Net sales $ 137,634 $ 117,958 $ 104,859
Other income-net 1,574 1,341 1,319
139,208 119,299 106,178
Costs and Expenses:
Cost of sales 108,725 93,438 83,510
Operating, selling and general
and administrative expenses 22,363 19,358 16,946
Interest Costs:
Debt 529 555 629
Capital leases 268 229 216
131,885 113,580 101,301
Income Before Income Taxes, Minority Interest
and Equity in Unconsolidated Subsidiaries 7,323 5,719 4,877
Provision for Income Taxes
Current 3,380 2,095 1,974
Deferred (640) 20 (180)
2,740 2,115 1,794
Income Before Minority Interest
and Equity in Unconsolidated Subsidiaries 4,583 3,604 3,083
Minority Interest and Equity in Unconsolidated Subsidiaries (153) (78) (27)
Net Income $ 4,430 $ 3,526 $ 3,056
Net Income Per Share – Basic and Dilutive $0.99 $0.78 $0.67
Average Number of Common Shares:
Basic 4,464 4,516 4,585
Dilutive 4,485 4,533 4,592
See accompanying notes.