Amazon.com, Inc.'s fnancial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Click here to view Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices Dand E. respectively. Based on the information contained in these financial statements, determine the following for Amazon at December 31, 2015, and Wal-Mart at January 31, 2016. (Enter the amounts in millions.) Amazon Wal- Mart 1. Total current assets $ 2. Net amount of property and equipment (fixed assets), net. 3. Total current liabilities $ 4. Total equity e Textbook and Media Attempts unlimited Submit Answer 596 CONSOLIDATED STATEMENTS OF CASH FLOWS in millions) Year Ended December 31 2013 10 2013 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 14,5573 3,658 5 3.034 OPERATING ACTIVITIES Net income (los) 041) 274 Adjustments to reconcile net income (oni) to set cath from operating activities Depreciation of property and equipment, including teleseware and website development, and other amortization, acluding capitalized content costs 6,281 4745 3,233 Stock-based combo 2.119 1,497 114 Other operating expense (income), met 155 129 114 Luas (in) on sales of marketable securities, at 5 5) 1 Other expense (income)et 245 166 Defensed income 31 016) (156) Excess tax befit from stock-based compensation (119) (6) 0790 Changes in operating sets and liabilities: Inwestones 2.157 a. 1939 (1410) Accounts receivable, not and other (1,039) (546 Accounts payable 4.254 1,759 1988 Accrued expenses and other 993 706 736 Additions to me 7,401 4,433 2.691 Amortization of previously and (6,109) 33.6922 (2.292) Net cash provided by used in operating activities 11.920 6,842 DNVESTING ACTIVITIES 5,475 Purchases of property and equipment, melding interal-use software and website development, Acquisitions, but of cash equired, and other (4.893) 03.446 (195) (979) Sales and tries of marketable securities (512) Purchase of table securities 3.025 3.349 2.306 (4.091) 2.50) 2.306 Bet cash provided by twoed in) susiting activities (6.450) 03.065) (4.27 continued at (1755) (4.589) 2011 AMAZON.COM, INC CONSOLIDATED STATEMENTS OF CASH FLOWS in millions) Year Taded Dec 31 2013 2010 (cord EDUANTIG ACTIVITIES Exces to be from stock-based compete 119 Peces from long term debt and other 353 6359 Reparasts of long term deel the (1.657) (513) Principal payment of capital oli 0.462) (1.265) Principales fan les obligat (21) (135) Niet each provided by a finais 0.761) 4,452 Fors-wey affect had sheva (374) 0310) Pedro) inch chalets 1,333 5899 CASH AND CASH EQUIVALENTS, END OF PERIOD 15.5905 14.5575 SUPPLES DONTAL CASH FLOW DORMATION Cath and for an in die 5 135 5 915 Catpal l turn laaaa allipahim 153 56 Cash pas forces of da) 273 172 Property and wederaputala 4,717 4000 Property and weld to- 584 930 394 (21) (725) 03 0339 (86 574 97 41 le 1.667 377 See accomparing notes to consolidated financial statemente AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS in millions, except per share data) 2013 60,903 13,549 74,452 Year Ended December 31, 2015 2014 Net product sales 79.268 5 70,0805 Net service sales 27,738 18,908 Total net sales 107,006 88,988 Operating expenses (1) Cost of sales 71,651 62,752 Fulfillment 13,410 10,766 Marketing 5,254 4,332 Technology and content 12,540 9,275 General and administrative 1,747 1,552 Other operating expense (income), net 171 133 Total operating expenses 104,773 88,810 Income from operations 2,233 178 Interest income SO 39 Interest expense (459) (210) Other income (expense), net (256) (118) Total non-operating income (expense) (665) (289) Income (loss) before income taxes 1.568 (111) Provision for income taxes (950) (167) Equity-method investment activity, net of tax (22) 37 Net income (loss) 596 5 (241) $ Basic earnings per share 1.28 $ (0.52) $ Diluted earnings per share 1.25 5 (0.52) S Weighted average shares used in computation of earnings per share: Basic 467 462 Diluted 462 (1) Includes stock-based compensation as follows: Fulfillment 4825 375 $ Marketing 190 Technology and content 1.224 804 General and administrative 223 193 See accompanying notes to consolidated financial statements 54,181 8,585 3,133 6,565 1,129 114 73,707 745 38 (141) (136) (239) 506 (161) (71) 274 0.60 0.59 457 465 477 125 294 88 603 149 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) 2013 274 $(20) 63 Year Ended December 31, 2015 2014 Net income (loss) 596 S (241) $ Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of $10, S(3), and (210) (325) Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of S(5), S1, and $3 (7) Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of S0, S(1), and S(1) (3) Net realized gains (losses) on available-for-sale securities (1) Total other comprehensive income (loss) (212) (326) Comprehensive income (loss) (567) S See accompatrying notes to consolidated financial statements. 2 (10) 1 5 (2) (9) 54 328 384 $ AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) December 31. 2015 2014 $ ASSETS Current assets Cash and cash equivalents Marketable securities Inventories Accounts recervable, net and other Total current assets Property and equipment, net Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Accrued expenses and other Linearned revenue Total current liabilities Long-term debit 15.890$ 3,918 10.243 6,423 36,474 21.838 3.759 3373 65.444 $ 14,557 2.859 8,299 5,612 31,327 16,967 3.319 2.892 54,505 $ 20.397 5 10,354 3.118 33.899 8.235 16,459 9.807 1.823 28089 8.365 $ 20,397 $ 10.384 3.118 33,899 8.235 9.926 16,459 9.807 1.823 28,089 8,265 7,410 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other Uneamed revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity Preferred stock. $0.01 par value: Authorized shares -- 500 Issued and outstanding shares -- none Common stock, 30.01 par value: Authorized shares -- 5,000 Issued shares -- 494 and 488 Outstanding shares --- 471 and 465 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity - 5 (1.837) 13,394 (723) 2,545 13,384 65.444 5 5 (1.837) 11.135 (511) 1.949 10,741 54.505 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (in millions) Comuna Stock Acculated Additional Other Total Trary Paid In Comprehensive Ratsid Stoebeldes Shares Amount Stock Capital Income (L) Ear 454 5 5$ (1.837) $ 8,347 $ (239) $ 1.916 S 8,192 274 274 54 S 4 Il 73 73 459 1.149 9,573 S (1.837) (185) 2,190 (241) 1.149 9,746 (241) (326) 2 (320) 2 Balance as of Jamuary 1, 2013 Net income Other comprehensive income (Loss) Exercise of common stock options Excess tax benefits from stock-based compensation Stock-based compensation and issuance of employee benefit plan stock Balance as of December 31, 2013 Net loss Other comprehensive income (loss) Exercise of common stock options Excess tax benefits from stock-based compensation Stock-based compensation and issuance of employee benefit plan stock Issuance of common stock for acquisition activity Balance as of December 31, 2014 Net income Other comprehensive income (loss) Exercise of common stock options Excess tax benefits from stock-based compensation Stock-based compensation and issuince of employee benefit plan stock Issuance of common stock for acquisition activity Balance as of December 31, 2015 6 - - 1.510 1.510 465 (1.837) 44 11.135 (511) 1.949 596 44 10.741 596 (212) 4 (212) 4 119 119 2,131 - 2,131 471 S 5S (1.837) $13,394 $ (723) $ 2.545 $ 13,384 See accompanying notes to consolidated financial statements. company's 2016 annual report. The complete annual report, including notes to the financial Consolidated Statements of Income Pascal Years Ended January 31, 2016 2015 2014 $487.229 3,422 485,651 5473,076 3,218 476,294 5478,614 3,516 482,130 360,984 97,041 24,105 365,086 93,41B 27,147 358,069 91 353 26,872 2,027 521 (81) 2,467 21,638 2161 300 (113) 2348 24799 2.072 263 (119) 2216 24,656 (Articunt in milion except per share data) Revenues Net sales Membership and other income Total revenues Costs and expenses Cost of sales Operatinselling, general and administrative perses Operating income Interest: Debt Capital lease and financing obligations Interest income Interest, net Income from continuing operations before Income taxes Provision for income taxes Current Deferred Total provision for Income taxes Income from continuing operations Income from discontinued operations, net of income taxes Consolidated not income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Basic net income per common share Basic Income per common share from continuing operations attributable to Walmart Basic income per common share from discontinued operations atributable to Walmart Basic net income per common share attributable to Walmart Diluted net income per common share: Diluted income per common share from continuing operations attributable to Walmart Diluted Income per common share from discontinued operations attributable to Walmart Diluted net income per common share attributable to Walmart Weighted average common shares outstanding Basic Oluted Dividends dedared per common share 7,584 (1,026) 6,558 15,080 8504 (519) 7,985 16814 285 8.619 (514) 8,105 16.551 144 16,695 (673) $ 16,022 15,080 (386) $ 14,694 17,099 (736 $ 16,363 $ 4.58 S S 5.00 006 5:07 487 003 5 4.58 $ $ 4.90 5 4.57 3499 006 5 505 $ 4BS 003 3 488 $ 4.57 3,207 3,217 1.96 3.230 320 1.92 3,269 31290 1158 5 5 S Serang Consolidated Statements of Comprehensive Income Pascal Years Ended January 31, 2016 2015 2014 $15,080 $17,099 $16,695 (386) (736) (606) (67) 14,694 16,363 16,022 (4.558) (5,220) 366 (202) 86 (470) (69) Amounts in million Consolidated net income Less consolidated net income attributable to nonredeemable noncontrolling interest Less consolidated net income attributable to redeemable non controlling interest Consolidated net income attributable to Walmart Other comprehensive Income (loss), net of income taxes Currency translation and other Net investment hedges Cash flow hedges Minimum pension liability Other comprehensive Income (loss), net of income taxes Less other comprehensive Income (loss) attributable to nonredeemable noncontrolling interest Less other comprehensive income (loss) attributable to redeemable non controlling interest Other comprehensive Income (loss) attributable to Walmart Comprehensive income, net of income taxes Less comprehensive income (los) attributable to nonredeemable noncontrolling interest Loss comprehensive income doss) attributable to redeemable no controlling interest Comprehensive Income attributable to Walmart See accompanying notes (4,970) 541 (4,718) 546 3,221) 75 207 153 (2,786) 311 66 (2,409) 13,909 (295) (1) 513,613 (4,429) 10,110 155 (4,172) 12,381 (190) $10,265 $12,191 Consolidated Balance Sheets Pacal Year Ended by 31 2016 2015 $ 8,705 5,624 44,469 1,441 $ 9,135 6778 45141 2224 60,239 63.278 176,958 (66,787) 110,171 177,395 163,115) 114.280 11,096 (4.751) 6,345 16,695 6,131 $199,581 5239 02.850 2,375 18.102 5,455 $203.490 (Amours in milion ASSETS Current assets Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment Property and equipment Less accumulated depreciation Property and equipment, net Property under coital lease and financing obligations Property und capital lease and financing obligations Less accumulated amortization Property under capital lease and financing obligations, net Goodwill Other assets and deferred changes Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowing Accounts payable Accrued liabilities Accrued income to Long-term debt due within one year Capital lease and financing obligations due wathin one year Total current liabilities Long terdebt Long-term capital lease and financing obligations Defented income taxes and other Commitments and contingendes Equity Common stock Capital in cess of par value Retained earnings Accumulated other comprehensive income do Total Walmart shareholders' equity Nodeemable no controlling interest Total equity Total liabilities and equity $ 2,708 38,487 19,607 521 $ 1.592 38,410 19.152 1021 2,745 791 551 64619 65.252 38,214 5,816 7,321 0599 2606 2.805 323 2452 317 1.805 90,021 11,597 80546 3,065 83511 $199,581 0.166 190 450 5202490 Consolidated Statements of Shareholders' Equity and Redeemable Noncontrolling Interest Equity Redeemable Noncoctaling Interest S 519 78 - -- - (66) 1,019 (59) 1491 Accumulated Tocal Capitan Other Walmart Nonredeemable Common Stock Excess of Retained Comprehensive Sareholders' Norcontrolling Total Concurs de millon 99 Amount Par Value Earrings Income fosse Interest Euty Balances as of February 1, 2013 3314 $332 $3,620 $72,978 S (587) $ 76,343 $ 5,395 $ 81,738 Consolidated net income 16,022 16,022 595 16,617 Other comprehensive income, net of income taxes (409) (2,409 (311) 0.720) Cash dividends declared (51 88 per share) (6,139) (6,139) (6,139) Purchase of company stock (87) 19) (294) 16,254) (6,557) (6,557) Redemption value adjustment of redeemable noncontrolling interest (1,019) (1,019) (1019) Other 6 55 14 (595) (581) Balances as of January 31, 2014 3,233 323 2,362 76,566 0,996) 76,255 5,084 81,339 Consolidated net income 16,363 16,363 736 17,099 Other comprehensive loss, net of income taxes (4,172) (4172) (546) (4718) Cash dividends declared ($1.92 per share) 16,185) (6,185) 16,185) Purchase of Company stock (13) (0) 1950) 1980) (980) Purchase of redeemable noncontrolling interest Other - 129 (17 113 (618) Balances as of January 31, 2015 3,228 323 2,462 85,777 (7,168) 81,394 4,543 85,937 Consolidated net Income 14,694 14,694 386 15,080 Other comprehensive Income, net of income taxes (4,429) 14,429) (541) 14,970) Cash dividends declared (51.96 per share) (6,294) (6,294) (6,294) Purchase of Company stock (65) ( (102) (4,148) (4,256) (4,256) Cash dividend declared to noncontrolling interest (691) (691) Other (1) (555) (8) (563) (632) (1,195) Balances as of January 31, 2016. 3,162 $317 $1,805 $90,021 $(11,597) $80,546 $3,065 $83,611 See moryang notes - - - TI (1,491) 1 (731) - 1 Consolidated Statements of Cash Flows Fiscal Years Ended January 21 2016 2014 2015 $ 15,080 $ 17.099 (285) 16,814 5 16695 (140) 16.551 15,080 9,454 1672) 1.410 9.173 (503) 785 8.670 (279) 988 (19) (703) 2,008 1,303 (472) 27,389 1569) (1.229 2678 1.29 166 566 (1 667 531 103 012220 2257 28564 Amoure in million Cash flows from operating activities: Consolidated net income Income from discontinued operations, net of income taxes Income from continuing operations Adjustments to reconcile income from continuing operations to net cash provided by operating activities Depreciation and amortization Deferred income taxes Other opepting activities Changes in certain assets and liabilities, net of effects of acquisitions Receivables, net Inventories Accounts payable Accrued abilities Acurved income Met cash provided by operating activities Cash flows from Investing activities: Payments for property and equipment Proceeds from disposal of property and equipment Proceeds from disposal of certain operations Other investing activities Net cash used in investing activities Cash flows from financing activities Net change in short-term borrowings Proceeds from wanced long term debit Payments of longtemet Dividends paid Puthased company stock Dividends paid to non controlling interest Purchased rocontrolling interest Other financing activities Netshused in financing activities Electo exchange rates on cash and cash equivalents en decrease in cash and cathavaints Cash and cashequest beginning of year Chand cath equivalents and of period Supplemental disdosure of cash flow information Income taxes and ald (13,115 727 (11.477) 635 246 (79) (10,675) (12.179 570 671 (192) (138) (12526 (11.125) 911 1,235 39 (4432) 16,294) 14,112) (719) (1,326 (513) 116,122) (628) 5.174 3.900 1185 (1015) WOOD 1364) 09 15.071) 7072 14968 16.139 16683) 25 1296 GO 110,7891 (1.022) (430 9,135 $ 3.705 514 1554 7.281 S2135 500 7.781 S7230 8,111 2.540 3169 2.00
