Walmart 2002 Annual Report Download - page 26

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24
(Amounts in millions except per share data)
Fiscal years ended January 31, 2002 2001 2000
Revenues
Net sales $ 217,799 $ 191,329 $ 165,013
Other income-net 2,013 1,966 1,796
219,812 193,295 166,809
Costs and Expenses
Cost of sales 171,562 150,255 129,664
Operating, selling and general and administrative expenses 36,173 31,550 27,040
Interest Costs
Debt 1,052 1,095 756
Capital leases 274 279 266
209,061 183,179 157,726
Income Before Income Taxes, Minority Interest and
Cumulative Effect of Accounting Change 10,751 10,116 9,083
Provision for Income Taxes
Current 3,712 3,350 3,476
Deferred 185 342 (138)
3,897 3,692 3,338
Income Before Minority Interest and
Cumulative Effect of Accounting Change 6,854 6,424 5,745
Minority Interest (183) (129) (170)
Income Before Cumulative Effect of Accounting Change 6,671 6,295 5,575
Cumulative Effect of Accounting Change, net of tax benefit of $119 – – (198)
Net Income $ 6,671 $ 6,295 $ 5,377
Net Income Per Common Share:
Basic Net Income Per Common Share:
Income before cumulative effect of accounting change $ 1.49 $ 1.41 $ 1.25
Cumulative effect of accounting change, net of tax ––(0.04)
Net Income Per Common Share $ 1.49 $ 1.41 $ 1.21
Average Number of Common Shares 4,465 4,465 4,451
Diluted Net Income Per Common Share:
Income before cumulative effect of accounting change $ 1.49 $ 1.40 $ 1.25
Cumulative effect of accounting change, net of tax ––(0.04)
Net Income Per Common Share $ 1.49 $ 1.40 $ 1.20
Average Number of Common Shares 4,481 4,484 4,474
See accompanying notes.
Consolidated Statements of Income