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46 WAL-MART 2008 ANNUAL REPORT
Notes to Consolidated Financial Statements
In the United States, long-lived assets, net, excluding goodwill and
other assets and deferred charges were $66.8 billion, $62.3 billion
and $55.5 billion as of January 31, 2008, 2007 and 2006, respectively.
In the United States, additions to long-lived assets were $10.4 billion,
$12.2 billion and $11.8 billion in scal 2008, 2007 and 2006, respectively.
Outside of the United States, long-lived assets, net, excluding
goodwill and other assets and deferred charges were $30.3 billion,
$26.1 billion and $22.4 billion in scal 2008, 2007 and 2006, respec-
tively. Outside of the United States, additions to long-lived assets
were $4.5 billion, $3.5 billion and $2.7 billion in scal 2008, 2007 and
2006, respectively. The International segment includes all real estate
outside the United States. The operations of the Company’s Asda
subsidiary are signicant in comparison to the total operations of the
International segment. Asda sales during scal 2008, 2007 and 2006
were $33.4 billion, $28.9 billion and $26.8 billion, respectively. Asda
long-lived assets, consisting primarily of property and equipment,
net, totaled $14.3 billion, $13.3 billion and $11.0 billion at January 31,
2008, 2007 and 2006, respectively.
12 Quarterly Financial Data (Unaudited)
Quarters Ended
(Amounts in millions except per share data) April 30, July 31, October 31, January 31,
Fiscal 2008
Net sales $85,387 $91,990 $90,880 $106,269
Cost of sales 65,311 70,589 69,292 81,323
Gross prot $20,076 $21,401 $21,588 $ 24,946
Income from continuing operations $ 2,826 $ 3,105 $ 2,857 $ 4,096
Loss from discontinued operations, net of tax — (153) — —
Net income $ 2,826 $ 2,952 $ 2,857 $ 4,096
Basic net income per common share:
Basic income per common share from continuing operations $ 0.69 $ 0.76 $ 0.71 $ 1.03
Basic loss per common share from discontinued operations — (0.04) — —
Basic net income per common share $ 0.69 $ 0.72 $ 0.71 $ 1.03
Diluted net income per common share:
Diluted income per common share from continuing operations $ 0.68 $ 0.76 $ 0.70 $ 1.02
Diluted loss per common share from discontinued operations — (0.04) — —
Diluted net income per common share $ 0.68 $ 0.72 $ 0.70 $ 1.02
Fiscal 2007
Net sales $ 78,834 $ 84,524 $ 83,543 $ 98,090
Cost of sales 60,237 64,585 63,765 75,565
Gross prot $ 18,597 $ 19,939 $ 19,778 $ 22,525
Income from continuing operations $ 2,660 $ 2,984 $ 2,594 $ 3,940
Loss from discontinued operations, net of tax (45) (901) 53 —
Net income $ 2,615 $ 2,083 $ 2,647 $ 3,940
Basic and diluted net income per common share:
Basic and diluted income per common share from continuing operations $ 0.64 $ 0.72 $ 0.62 $ 0.95
Basic and diluted (loss) income per common share from discontinued operations (0.01) (0.22) 0.01 —
Basic and diluted net income per common share $ 0.63 $ 0.50 $ 0.63 $ 0.95
The sum of quarterly nancial data may not agree to annual amounts due to rounding.