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Consolidated Statements of Income
30 Walmart 2011 Annual Report
Fiscal Years Ended January 31,
2010 2009
(Amounts in millions except per share data) 2011 As Adjusted As Adjusted
Revenues:
Net sales $418,952 $405,132 $401,087
Membership and other income 2,897 2,953 3,167
421,849 408,085 404,254
Costs and expenses:
Cost of sales 315,287 304,444 303,941
Operating, selling, general and administrative expenses 81,020 79,639 77,546
Operating income 25,542 24,002 22,767
Interest:
Debt 1,928 1,787 1,896
Capital leases 277 278 288
Interest income (201) (181) (284)
Interest, net 2,004 1,884 1,900
Income from continuing operations before income taxes 23,538 22,118 20,867
Provision for income taxes:
Current 6,703 7,643 6,564
Deferred 876 (487) 569
7,579 7,156 7,133
Income from continuing operations 15,959 14,962 13,734
Income (loss) from discontinued operations, net of tax 1,034 (79) 146
Consolidated net income 16,993 14,883 13,880
Less consolidated net income attributable to noncontrolling interest (604) (513) (499)
Consolidated net income attributable to Walmart $ 16,389 $ 14,370 $ 13,381
Basic net income per common share:
Basic income per common share from continuing operations attributable to Walmart $ 4.20 $ 3.74 $ 3.36
Basic income (loss) per common share from discontinued operations attributable to Walmart 0.28 (0.02) 0.04
Basic net income per common share attributable to Walmart $ 4.48 $ 3.72 $ 3.40
Diluted net income per common share:
Diluted income per common share from continuing operations attributable to Walmart $ 4.18 $ 3.73 $ 3.35
Diluted income (loss) per common share from discontinued operations attributable to Walmart 0.29 (0.02) 0.04
Diluted net income per common share attributable to Walmart $ 4.47 $ 3.71 $ 3.39
Weighted-average number of common shares:
Basic 3,656 3,866 3,939
Diluted 3,670 3,877 3,951
Dividends declared per common share $ 1.21 $ 1.09 $ 0.95
See accompanying notes.
2010 2009