Walmart 2012 Annual Report Download - page 37
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Fiscal Years Ended January 31,
(Amounts in millions) 2012 2011 2010
Cash ows from operating activities:
Consolidated net income $ 16,387 $ 16,993 $ 14,883
Loss (income) from discontinued operations, net of tax 67 (1,034) 79
Income from continuing operations 16,454 15,959 14,962
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
Depreciation and amortization 8,130 7,641 7,157
Deferred income taxes 1,050 651 (504)
Other operating activities 398 1,087 318
Changes in certain assets and liabilities, net of eff ects of acquisitions:
Accounts receivable (796) (733) (297)
Inventories (3,727) (3,205) 2,213
Accounts payable 2,687 2,676 1,052
Accrued liabilities 59 (433) 1,348
Net cash provided by operating activities 24,255 23,643 26,249
Cash ows from investing activities:
Payments for property and equipment (13,510) (12,699) (12,184)
Proceeds from disposal of property and equipment 580 489 1,002
Investments and business acquisitions, net of cash acquired (3,548) (202) —
Other investing activities (131) 219 (438)
Net cash used in investing activities (16,609) (12,193) (11,620)
Cash ows from nancing activities:
Net change in short-term borrowings 3,019 503 (1,033)
Proceeds from issuance of long-term debt 5,050 11,396 5,546
Payments of long-term debt (4,584) (4,080) (6,033)
Dividends paid (5,048) (4,437) (4,217)
Purchase of Company stock (6,298) (14,776) (7,276)
Purchase of redeemable noncontrolling interest — — (436)
Payment of capital lease obligations (355) (363) (346)
Other fi nancing activities (242) (271) (396)
Net cash used in fi nancing activities (8,458) (12,028) (14,191)
Eff ect of exchange rates on cash and cash equivalents (33) 66 194
Net increase (decrease) in cash and cash equivalents (845) (512) 632
Cash and cash equivalents at beginning of year 7,395 7,907 7,275
Cash and cash equivalents at end of year $ 6,550 $ 7,395 $ 7,907
Supplemental disclosure of cash ow information:
Income tax paid $ 5,899 $ 6,984 $ 7,389
Interest paid 2,346 2,163 2,141
See accompanying notes.
Consolidated Statements of Cash Flows