8:03 moodle.nait.ca 46 Walmart Inc. Consolidated Statements of Cash Flows (Amounts in millions) 2023 Fiscal Years Ended January 31, 2022 2021 Cash flows from operating activities: Consolidated net income $ 11,292 $ 13.940 $ 13,706 Adjustments to reconcile consolidated net income to net cash provided by operating activities: Depreciation and amortization 10.945 10.658 11.152 Net unrealized and realized (gains) and losses 1.683 2,440 (8,589) Losses on disposal of business operations 433 8,401 Deferred income taxes 449 (755) 1,911 Loss on extinguishment of debt 2,410 Other operating activities 1.919 1.652 1,521 Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: Receivables, net 240 (1,796) (1,086) Inventories (528) (11,764) (2.395) Accounts payable (1,425) 5,520 6.966 Accrued liabilities Accrued income taxes Net cash provided by operating activities 4.393 1,404 4.623 (127) 39 (136) 28.841 24.181 36.074 Cash flows from investing activities: Payments for property and equipment (16,857) (13,106) (10,264) Proceeds from the disposal of property and equipment 170 394 215 Proceeds from disposal of certain operations, net of divested cash 7,935 56 Payments for business acquisitions, net of cash acquired (740) (359) (180) Other investing activities (295) (879) 102 Net cash used in investing activities (17,722) (6.015) (10,071) Cash flows from financing activities: Net change in short-term borrowings Proceeds from issuance of long-term debt Repayments of long-term debt Premiums paid to extinguish debt Dividends paid Purchase of Company stock Dividends paid to noncontrolling interest Purchase of noncontrolling interest Sale of subsidiary stock Other financing activities Net cash used in financing activities (34) 193 (324) 5,041 6.945 (2,689) (13,010) (5,382) (2,317) (6,114) (6,152) (6.116) (9,920) (9,787) (2,625) (444) (424) (434) (827) 66 3.239 140 (2,118) (1,515) (1,376) (17,039) (22,828) (16,117) Effect of exchange rates on cash, cash equivalents and restricted cash (73) (140) 235 Net increase (decrease) in cash, cash equivalents and restricted cash Change in cash and cash equivalents reclassified from (to) assets held for sale (5,993) (4,802) 10.121 1.848 (1.848) Cash, cash equivalents and restricted cash at beginning of year 14.834 17.788 9.515 Cash, cash equivalents and restricted cash at end of year 8.841 14.834 $ 17,788 Supplemental disclosure of cash flow information: Income taxes paid Interest paid See accompanying notes. $ 3,310 2,051 $ 5,918 2,237 $ 5,271 2.216