Walmart 2004 Annual Report Download - page 35

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Consolidated Statements of Income
(Amounts in millions except per share data)
Fiscal years ended January 31, 2004 2003 2002
Revenues:
Net sales $ 256,329 $ 229,616 $ 204,011
Other income, net 2,352 1,961 1,812
258,681 231,577 205,823
Costs and Expenses:
Cost of sales 198,747 178,299 159,097
Operating, selling, general and administrative expenses 44,909 39,983 35,147
Operating Profit 15,025 13,295 11,579
Interest:
Debt 729 799 1,080
Capital leases 267 260 274
Interest income (164) (132) (171)
832 927 1,183
Income from Continuing Operations Before Income Taxes and
Minority Interest 14,193 12,368 10,396
Provision for Income Taxes:
Current 4,941 3,883 3,625
Deferred 177 474 140
5,118 4,357 3,765
Income from Continuing Operations Before Minority Interest 9,075 8,011 6,631
Minority Interest (214) (193) (183)
Income from Continuing Operations 8,861 7,818 6,448
Income from Discontinued Operation, net of tax 193 137 144
Net Income $ 9,054 $ 7,955 $ 6,592
Net Income Per Common Share:
Basic Net Income Per Common Share:
Income from continuing operations $2.03 $ 1.77 $ 1.45
Income from discontinued operation 0.05 0.03 0.03
Net Income Per Common Share $ 2.08 $ 1.80 $ 1.48
Average Number of Common Shares 4,363 4,430 4,465
Diluted Net Income Per Common Share:
Income from continuing operations $2.03 $ 1.76 $ 1.44
Income from discontinued operation 0.04 0.03 0.03
Net Income Per Common Share $ 2.07 $ 1.79 $ 1.47
Average Number of Common Shares 4,373 4,446 4,481
Dividends Per Common Share $ 0.36 $ 0.30 $ 0.28
See accompanying notes.
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