Walmart 2008 Annual Report Download - page 30

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Consolidated Statements of Income
Fiscal Year Ended January 31,
(Amounts in millions except per share data) 2008 2007 2006
Revenues:
Net sales $374,526 $344,992 $308,945
Membership and other income 4,273 3,658 3,156
378,799 348,650 312,101
Costs and expenses:
Cost of sales 286,515 264,152 237,649
Operating, selling, general and administrative expenses 70,288 64,001 55,739
Operating income 21,996 20,497 18,713
Interest:
Debt 1,863 1,549 1,171
Capital leases 240 260 249
Interest income (305) (280) (242)
Interest, net 1,798 1,529 1,178
Income from continuing operations before income taxes
and minority interest 20,198 18,968 17,535
Provision for income taxes:
Current 6,916 6,276 5,932
Deferred (8) 89 (129)
6,908 6,365 5,803
Income from continuing operations before minority interest 13,290 12,603 11,732
Minority interest (406) (425) (324)
Income from continuing operations 12,884 12,178 11,408
Loss from discontinued operations, net of tax (153) (894) (177)
Net income $ 12,731 $ 11,284 $ 11,231
Net income per common share:
Basic income per common share from continuing operations $ 3.17 $ 2.92 $ 2.73
Basic loss per common share from discontinued operations (0.04) (0.21) (0.05)
Basic net income per common share $ 3.13 $ 2.71 $ 2.68
Diluted income per common share from continuing operations $ 3.16 $ 2.92 $ 2.72
Diluted loss per common share from discontinued operations (0.03) (0.21) (0.04)
Diluted net income per common share $ 3.13 $ 2.71 $ 2.68
Weighted-average number of common shares:
Basic 4,066 4,164 4,183
Diluted 4,072 4,168 4,188
Dividends declared per common share $ 0.88 $ 0.67 $ 0.60
See accompanying notes.
28 WAL-MART 2008 ANNUAL REPORT