Walmart 2016 Annual Report Download - page 37

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35Only Walmart
Consolidated Statements of Income
Fiscal Years Ended January 31,
(Amounts in millions, except per share data) 2016 2015 2014
Revenues:
Net sales $478,614 $482,229 $473,076
Membership and other income 3,516 3,422 3,218
Total revenues 482,130 485,651 476,294
Costs and expenses:
Cost of sales 360,984 365,086 358,069
Operating, selling, general and administrative expenses 97,041 93,418 91,353
Operating income 24,105 27,147 26,872
Interest:
Debt 2,027 2,161 2,072
Capital lease and financing obligations 521 300 263
Interest income (81) (113) (119)
Interest, net 2,467 2,348 2,216
Income from continuing operations before income taxes 21,638 24,799 24,656
Provision for income taxes:
Current 7,584 8,504 8,619
Deferred (1,026) (519) (514)
Total provision for income taxes 6,558 7,985 8,105
Income from continuing operations 15,080 16,814 16,551
Income from discontinued operations, net of income taxes — 285 144
Consolidated net income 15,080 17,099 16,695
Consolidated net income attributable to noncontrolling interest (386) (736) (673)
Consolidated net income attributable to Walmart $ 14,694 $ 16,363 $ 16,022
Basic net income per common share:
Basic income per common share from continuing operations attributable to Walmart $ 4.58 $ 5.01 $ 4.87
Basic income per common share from discontinued operations attributable to Walmart — 0.06 0.03
Basic net income per common share attributable to Walmart $ 4.58 $ 5.07 $ 4.90
Diluted net income per common share:
Diluted income per common share from continuing operations attributable to Walmart $ 4.57 $ 4.99 $ 4.85
Diluted income per common share from discontinued operations attributable to Walmart — 0.06 0.03
Diluted net income per common share attributable to Walmart $ 4.57 $ 5.05 $ 4.88
Weighted-average common shares outstanding:
Basic 3,207 3,230 3,269
Diluted 3,217 3,243 3,283
Dividends declared per common share $ 1.96 $ 1.92 $ 1.88
See accompanying notes.