Walmart 2014 Annual Report Download - page 41

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Walmart 2014 Annual Report 39
Fiscal Years Ended January 31,
(Amounts in millions) 2014 2013 2012
Cash flows from operating activities:
Consolidated net income $ 16,695 $ 17,756 $ 16,387
Income (loss) from discontinued operations, net of income taxes (144) (52) 21
Income from continuing operations 16,551 17,704 16,408
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
Depreciation and amortization 8,870 8,478 8,106
Deferred income taxes (279) (133) 1,050
Other operating activities 938 602 468
Changes in certain assets and liabilities, net of eects of acquisitions:
Receivables, net (566) (614) (796)
Inventories (1,667) (2,759) (3,727)
Accounts payable 531 1,061 2,687
Accrued liabilities 103 271 (935)
Accrued income taxes (1,224) 981 994
Net cash provided by operating activities 23,257 25,591 24,255
Cash flows from investing activities:
Payments for property and equipment (13,115) (12,898) (13,510)
Proceeds from the disposal of property and equipment 727 532 580
Investments and business acquisitions, net of cash acquired (15) (316) (3,548)
Other investing activities 105 71 (131)
Net cash used in investing activities (12,298) (12,611) (16,609)
Cash flows from financing activities:
Net change in short-term borrowings 911 2,754 3,019
Proceeds from issuance of long-term debt 7,072 211 5,050
Payments of long-term debt (4,968) (1,478) (4,584)
Dividends paid (6,139) (5,361) (5,048)
Dividends paid to and stock purchases of noncontrolling interest (722) (414) (526)
Purchase of Company stock (6,683) (7,600) (6,298)
Other nancing activities (488) (84) (71)
Net cash used in nancing activities (11,017) (11,972) (8,458)
Eect of exchange rates on cash and cash equivalents (442) 223 (33)
Net increase (decrease) in cash and cash equivalents (500) 1,231 (845)
Cash and cash equivalents at beginning of year 7,781 6,550 7,395
Cash and cash equivalents at end of year $ 7,281 $ 7,781 $ 6,550
Supplemental disclosure of cash flow information:
Income taxes paid $ 8,641 $ 7,304 $ 5,899
Interest paid 2,362 2,262 2,346
See accompanying notes.
Walmart 2014 Annual Report 39
Consolidated Statements of Cash Flows