Walmart 2014 Annual Report Download - page 38

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Fiscal Years Ended January 31,
(Amounts in millions, except per share data) 2014 2013 2012
Revenues:
Net sales $473,076 $465,604 $443,416
Membership and other income 3,218 3,047 3,093
Total revenues 476,294 468,651 446,509
Costs and expenses:
Cost of sales 358,069 352,297 334,993
Operating, selling, general and administrative expenses 91,353 88,629 85,025
Operating income 26,872 27,725 26,491
Interest:
Debt 2,072 1,977 2,034
Capital leases 263 272 286
Interest income (119) (186) (161)
Interest, net 2,216 2,063 2,159
Income from continuing operations before income taxes 24,656 25,662 24,332
Provision for income taxes:
Current 8,619 7,976 6,722
Deferred (514) (18) 1,202
Total provision for income taxes 8,105 7,958 7,924
Income from continuing operations 16,551 17,704 16,408
Income (loss) from discontinued operations, net of income taxes 144 52 (21)
Consolidated net income 16,695 17,756 16,387
Less consolidated net income attributable to noncontrolling interest (673) (757) (688)
Consolidated net income attributable to Walmart $ 16,022 $ 16,999 $ 15,699
Basic net income per common share:
Basic income per common share from continuing operations attributable to Walmart $ 4.87 $ 5.03 $ 4.55
Basic income (loss) per common share from discontinued operations attributable to Walmart 0.03 0.01 (0.01)
Basic net income per common share attributable to Walmart $ 4.90 $ 5.04 $ 4.54
Diluted net income per common share:
Diluted income per common share from continuing operations attributable to Walmart $ 4.85 $ 5.01 $ 4.53
Diluted income (loss) per common share from discontinued operations attributable to Walmart 0.03 0.01 (0.01)
Diluted net income per common share attributable to Walmart $ 4.88 $ 5.02 $ 4.52
Weighted-average common shares outstanding:
Basic 3,269 3,374 3,460
Diluted 3,283 3,389 3,474
Dividends declared per common share $ 1.88 $ 1.59 $ 1.46
See accompanying notes.
Consolidated Statements of Comprehensive Income
Fiscal Years Ended January 31,
(Amounts in millions) 2014 2013 2012
Consolidated net income $16,695 $17,756 $16,387
Less consolidated net income attributable to nonredeemable noncontrolling interest (606) (684) (627)
Less consolidated net income attributable to redeemable noncontrolling interest (67) (73) (61)
Consolidated net income attributable to Walmart 16,022 16,999 15,699
Other comprehensive income (loss), net of income taxes
Currency translation and other (3,146) 1,042 (2,758)
Derivative instruments 207 136 (67)
Minimum pension liability 153 (166) 43
Other comprehensive income (loss), net of income taxes (2,786) 1,012 (2,782)
Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest 311 (138) 660
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest 66 (51) 66
Other comprehensive income (loss) attributable to Walmart (2,409) 823 (2,056)
Comprehensive income, net of income taxes 13,909 18,768 13,605
Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest (295) (822) 33
Less comprehensive income (loss) attributable to redeemable noncontrolling interest (1) (124) 5
Comprehensive income attributable to Walmart $13,613 $17,822 $13,643
See accompanying notes.
36 Walmart 2014 Annual Report36 Walmart 2014 Annual Report
Consolidated Statements of Income