Walmart 2006 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2006 Walmart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

Management’s Discussion and Analysis of Results of Operations
and Financial Condition
WAL-MART
Consolidated Statements of Income
WAL-MART
(Amounts in millions except per share data)
Fiscal Year Ended January 31, 2006 2005 2004
Revenues:
Net sales $312,427 $285,222 $256,329
Other income, net 3,227 2,910 2,352
315,654 288,132 258,681
Costs and expenses:
Cost of sales 240,391 219,793 198,747
Operating, selling, general and administrative expenses 56,733 51,248 44,909
Operating income 18,530 17,091 15,025
Interest:
Debt 1,171 934 729
Capital leases 249 253 267
Interest income (248) (201) (164)
Interest, net 1,172 986 832
Income from continuing operations before income
taxes and minority interest 17,358 16,105 14,193
Provision for income taxes:
Current 5,932 5,326 4,941
Deferred (129) 263 177
5,803 5,589 5,118
Income from continuing operations before
minority interest 11,555 10,516 9,075
Minority interest (324) (249) (214)
Income from continuing operations 11,231 10,267 8,861
Income from discontinued operation, net of tax – – 193
Net income $ 11,231 $ 10,267 $ 9,054
Basic net income per common share:
Income from continuing operations $ 2.68 $ 2.41 $ 2.03
Income from discontinued operation – – 0.05
Basic net income per common share $ 2.68 $ 2.41 $ 2.08
Diluted net income per common share:
Income from continuing operations $ 2.68 $ 2.41 $ 2.03
Income from discontinued operation – – 0.04
Diluted net income per common share $ 2.68 $ 2.41 $ 2.07
Weighted-average number of common shares:
Basic 4,183 4,259 4,363
Diluted 4,188 4,266 4,373
Dividends per common share $ 0.60 $ 0.52 $ 0.36
See accompanying notes.
30