Walmart 2013 Annual Report Download - page 37

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Walmart 2013 Annual Report || 35
Fiscal Years Ended January 31,
(Amounts in millions) 2013 2012 2011
Cash  ows from operating activities:
Consolidated net income $ 17,756 $ 16,387 $ 16,993
Loss from discontinued operations, net of income taxes — 67 (1,034)
Income from continuing operations 17,756 16,454 15,959
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
Depreciation and amortization 8,501 8,130 7,641
Deferred income taxes (133) 1,050 651
Other operating activities 527 398 1,087
Changes in certain assets and liabilities, net of e ects of acquisitions:
Receivables, net (614) (796) (733)
Inventories (2,759) (3,727) (3,205)
Accounts payable 1,061 2,687 2,676
Accrued liabilities 271 (935) (280)
Accrued income taxes 981 994 (153)
Net cash provided by operating activities 25,591 24,255 23,643
Cash  ows from investing activities:
Payments for property and equipment (12,898) (13,510) (12,699)
Proceeds from the disposal of property and equipment 532 580 489
Investments and business acquisitions, net of cash acquired (316) (3,548) (202)
Other investing activities 71 (131) 219
Net cash used in investing activities (12,611) (16,609) (12,193)
Cash  ows from  nancing activities:
Net change in short-term borrowings 2,754 3,019 503
Proceeds from issuance of long-term debt 211 5,050 11,396
Payments of long-term debt (1,478) (4,584) (4,080)
Dividends paid (5,361) (5,048) (4,437)
Purchase of Company stock (7,600) (6,298) (14,776)
Other  nancing activities (498) (597) (634)
Net cash used in  nancing activities (11,972) (8,458) (12,028)
E ect of exchange rates on cash and cash equivalents 223 (33) 66
Net increase (decrease) in cash and cash equivalents 1,231 (845) (512)
Cash and cash equivalents at beginning of year 6,550 7,395 7,907
Cash and cash equivalents at end of year $ 7,781 $ 6,550 $ 7,395
Supplemental disclosure of cash  ow information:
Income taxes paid $ 7,304 $ 5,899 $ 6,984
Interest paid 2,262 2,346 2,163
See accompanying notes.
Consolidated Statements of Cash Flows