Walmart 2010 Annual Report Download - page 32

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Fiscal Years Ended January 31,
(Amounts in millions except per share data) 2010 2009 2008
Revenues:
Net sales $405,046 $401,087 $373,821
Membership and other income 3,168 3,287 3,202
408,214 404,374 377,023
Costs and expenses:
Cost of sales 304,657 304,056 284,137
Operating, selling, general and administrative expenses 79,607 77,520 70,934
Operating income 23,950 22,798 21,952
Interest:
Debt 1,787 1,896 1,863
Capital leases 278 288 240
Interest income (181) (284) (309)
Interest, net 1,884 1,900 1,794
Income from continuing operations before income taxes 22,066 20,898 20,158
Provision for income taxes:
Current 7,643 6,564 6,897
Deferred (504) 581 (8)
7,139 7,145 6,889
Income from continuing operations 14,927 13,753 13,269
Income (loss) from discontinued operations, net of tax (79) 146 (132)
Consolidated net income 14,848 13,899 13,137
Less consolidated net income attributable to noncontrolling interest (513) (499) (406)
Consolidated net income attributable to Walmart $ 14,335 $ 13,400 $ 12,731
Basic net income per common share:
Basic income per common share from continuing operations attributable to Walmart $ 3.73 $ 3.36 $ 3.16
Basic income (loss) per common share from discontinued operations attributable to Walmart (0.02) 0.04 (0.03)
Basic net income per common share attributable to Walmart $ 3.71 $ 3.40 $ 3.13
Diluted net income per common share:
Diluted income per common share from continuing operations attributable to Walmart $ 3.72 $ 3.35 $ 3.16
Diluted income (loss) per common share from discontinued operations attributable to Walmart (0.02) 0.04 (0.03)
Diluted net income per common share attributable to Walmart $ 3.70 $ 3.39 $ 3.13
Weighted-average number of common shares:
Basic 3,866 3,939 4,066
Diluted 3,877 3,951 4,072
Dividends declared per common share $ 1.09 $ 0.95 $ 0.88
See accompanying notes.
Consolidated Statements of Income
30 Walmart 2010 Annual Report