Walmart 2015 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2015 Walmart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

36 2015 Annual Report
Fiscal Years Ended January 31,
(Amounts in millions, except per share data) 2015 2014 2013
Revenues:
Net sales $482,229 $473,076 $465,604
Membership and other income 3,422 3,218 3,047
Total revenues 485,651 476,294 468,651
Costs and expenses:
Cost of sales 365,086 358,069 352,297
Operating, selling, general and administrative expenses 93,418 91,353 88,629
Operating income 27,147 26,872 27,725
Interest:
Debt 2,161 2,072 1,977
Capital leases 300 263 272
Interest income (113) (119) (186)
Interest, net 2,348 2,216 2,063
Income from continuing operations before income taxes 24,799 24,656 25,662
Provision for income taxes:
Current 8,504 8,619 7,976
Deferred (519) (514) (18)
Total provision for income taxes 7,985 8,105 7,958
Income from continuing operations 16,814 16,551 17,704
Income from discontinued operations, net of income taxes 285 144 52
Consolidated net income 17,099 16,695 17,756
Less consolidated net income attributable to noncontrolling interest (736) (673) (757)
Consolidated net income attributable to Walmart $ 16,363 $ 16,022 $ 16,999
Basic net income per common share:
Basic income per common share from continuing operations attributable to Walmart $ 5.01 $ 4.87 $ 5.03
Basic income per common share from discontinued operations attributable to Walmart 0.06 0.03 0.01
Basic net income per common share attributable to Walmart $ 5.07 $ 4.90 $ 5.04
Diluted net income per common share:
Diluted income per common share from continuing operations attributable to Walmart $ 4.99 $ 4.85 $ 5.01
Diluted income per common share from discontinued operations attributable to Walmart 0.06 0.03 0.01
Diluted net income per common share attributable to Walmart $ 5.05 $ 4.88 $ 5.02
Weighted-average common shares outstanding:
Basic 3,230 3,269 3,374
Diluted 3,243 3,283 3,389
Dividends declared per common share $ 1.92 $ 1.88 $ 1.59
See accompanying notes.
Consolidated Statements of Comprehensive Income
Fiscal Years Ended January 31,
(Amounts in millions) 2015 2014 2013
Consolidated net income $17,099 $16,695 $17,756
Less consolidated net income attributable to nonredeemable noncontrolling interest (736) (606) (684)
Less consolidated net income attributable to redeemable noncontrolling interest — (67) (73)
Consolidated net income attributable to Walmart 16,363 16,022 16,999
Other comprehensive income (loss), net of income taxes
Currency translation and other (4,179) (3,146) 1,042
Derivative instruments (470) 207 136
Minimum pension liability (69) 153 (166)
Other comprehensive income (loss), net of income taxes (4,718) (2,786) 1,012
Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest 546 311 (138)
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest — 66 (51)
Other comprehensive income (loss) attributable to Walmart (4,172) (2,409) 823
Comprehensive income, net of income taxes 12,381 13,909 18,768
Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest (190) (295) (822)
Less comprehensive income (loss) attributable to redeemable noncontrolling interest — (1) (124)
Comprehensive income attributable to Walmart $12,191 $13,613 $17,822
See accompanying notes.
Consolidated Statements of Income