Walmart 2006 Annual Report Download - page 49

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47
12 QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarters ended
(Amounts in millions except per share information) April 30, July 31, October 31, January 31,
Fiscal 2006
Net sales $70,908 $76,811 $75,436 $89,273
Cost of sales 54,571 58,787 57,988 69,045
Gross profi t $16,337 $18,024 $17,448 $20,228
Net income $ 2,461 $ 2,805 $ 2,374 $ 3,589
Basic and diluted net income per common share $ 0.58 $ 0.67 $ 0.57 $ 0.86
Fiscal 2005
Net sales $64,763 $69,722 $68,520 $82,216
Cost of sales 49,969 53,533 52,567 63,723
Gross profi t $14,794 $16,189 $15,953 $18,493
Net income $ 2,166 $ 2,651 $ 2,286 $ 3,164
Basic and diluted net income per common share $ 0.50 $ 0.62 $ 0.54 $ 0.75
The sum of quarterly fi nancial data will not agree to annual amounts due to rounding.
13 SUBSEQUENT EVENTS
On March 2, 2006, the Company’s Board of Directors approved an increase in the Company’s annual dividend to $0.67 per share. The
annual dividend will be paid in four quarterly installments on April 3, 2006, June 5, 2006, September 5, 2006, and January 2, 2007 to
holders of record on March 17, May 19, August 18 and December 15, 2006, respectively.
In February 2006, we entered into a £150 million revolving credit facility in the United Kingdom. Interest on borrowings under the
credit facility accrues at LIBOR plus 25 basis points.