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Walmart company research project. what is the Walmart financial statement ? research on this topic .
Walmart company research project.
what is the Walmart financial statement ? research on this topic
.
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Walmart’s financial statements consist broadly of three main statements – income statement, cash flow statement and balance sheet. These statements are provided in the company’s 10-k reports that are filed with the SEC on an annual basis.
The statements for the year ended January 31, 2020 is provided below:
Income statement:
| Fiscal Years Ended January 31, | ||
| (Amounts in millions, except per share data) | 2020 | 2019 |
| Revenues: | ||
| Net sales | $ 519,926 | $ 510,329 |
| Membership and other income | 4,038 | 4,076 |
| Total revenues | 523,964 | 514,405 |
| Costs and expenses: | ||
| Cost of sales | 394,605 | 385,301 |
| Operating, selling, general and administrative | ||
| expenses | 108,791 | 107,147 |
| Operating income | 20,568 | 21,957 |
| Interest: | ||
| Debt | 2,262 | 1,975 |
| Finance, capital lease and financing | ||
| obligations | 337 | 371 |
| Interest income | -189 | -217 |
| Interest, net | 2,410 | 2,129 |
| Loss on extinguishment of debt | - | - |
| Other (gains) and losses | -1,958 | 8,368 |
| Income before income taxes | 20,116 | 11,460 |
| Provision for income taxes | 4,915 | 4,281 |
| Consolidated net income | 15,201 | 7,179 |
| Consolidated net income attributable to | ||
| noncontrolling interest | -320 | -509 |
| Consolidated net income attributable to Walmart | $ 14,881 | $ 6,670 |
Balance Sheet:
| As of January 31, | ||
| (Amounts in millions) | 2020 | 2019 |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 9,465 | $ 7,722 |
| Receivables, net | 6,284 | 6,283 |
| Inventories | 44,435 | 44,269 |
| Prepaid expenses and other | 1,622 | 3,623 |
| Total current assets | 61,806 | 61,897 |
| Property and equipment, net | 105,208 | 104,317 |
| Operating lease right-of-use assets | 17,424 | - |
| Finance lease right-of-use assets, net | 4,417 | - |
| Property under capital lease and financing obligations, net | - | 7,078 |
| Goodwill | 31,073 | 31,181 |
| Other long-term assets | 16,567 | 14,822 |
| Total assets | $ 236,495 | $ 219,295 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term borrowings | $ 575 | $ 5,225 |
| Accounts payable | 46,973 | 47,060 |
| Accrued liabilities | 22,296 | 22,159 |
| Accrued income taxes | 280 | 428 |
| Long-term debt due within one year | 5,362 | 1,876 |
| Operating lease obligations due within one year | 1,793 | - |
| Finance lease obligations due within one year | 511 | - |
| Capital lease and financing obligations due within one year | - | 729 |
| Total current liabilities | 77,790 | 77,477 |
| Long-term debt | 43,714 | 43,520 |
| Long-term operating lease obligations | 16,171 | - |
| Long-term finance lease obligations | 4,307 | - |
| Long-term capital lease and financing obligations | - | 6,683 |
| Deferred income taxes and other | 12,961 | 11,981 |
| Commitments and contingencies | ||
| Equity: | ||
| Common stock | 284 | 288 |
| Capital in excess of par value | 3,247 | 2,965 |
| Retained earnings | 83,943 | 80,785 |
| Accumulated other comprehensive loss | -12,805 | -11,542 |
| Total Walmart shareholders' equity | 74,669 | 72,496 |
| Noncontrolling interest | 6,883 | 7,138 |
| Total equity | 81,552 | 79,634 |
| Total liabilities and equity | $ 236,495 | $ 219,295 |
Cash flow statement:
| Fiscal Years Ended January 31, | ||
| (Amounts in millions) | 2020 | 2019 |
| Cash flows from operating activities: | ||
| Consolidated net income | $ 15,201 | $ 7,179 |
| Adjustments to reconcile consolidated net | ||
| income to net cash provided by operating | ||
| activities: | ||
| Depreciation and amortization | 10,987 | 10,678 |
| Unrealized (gains) and losses | -1,886 | 3,516 |
| (Gains) and losses for disposal of business | 15 | 4,850 |
| operations | ||
| Asda pension contribution | -1,036 | - |
| Deferred income taxes | 320 | -499 |
| Loss on extinguishment of debt | - | - |
| Other operating activities | 1,981 | 1,734 |
| Changes in certain assets and liabilities, net | ||
| of effects of acquisitions: | ||
| Receivables, net | 154 | -368 |
| Inventories | -300 | -1,311 |
| Accounts payable | -274 | 1,831 |
| Accrued liabilities | 186 | 183 |
| Accrued income taxes | -93 | -40 |
| Net cash provided by operating activities | 25,255 | 27,753 |
| Cash flows from investing activities: | ||
| Payments for property and equipment | -10,705 | -10,344 |
| Proceeds from the disposal of property and | 321 | 519 |
| equipment | ||
| Proceeds from the disposal of certain | 833 | 876 |
| operations | ||
| Payments for business acquisitions, net of cash | -56 | -14,656 |
| acquired | ||
| Other investing activities |
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