- Compute these solvency ratios for Walmart for the two most recent years for Walmart. for Interest Expense, use Interest, Net for Walmart
- Times Interest Earned
- Debt-to-Equity
- Debt
Walmart Inc. Consolidated Statements of Income 2021 Fiscal Years Ended January 2020 555,233 3,918 559,151 519,926 4,038 523,964 420,315 116,288 22,548 394,605 108,791 20,568 (Amounts in millions, except per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance, capital lease and financing obligations Interest income Interest, net Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart 1,976 339 (121) 2,194 (210) 20,564 2,262 337 (189) 2,410 (1,958) 20,116 4,915 15,201 (320) 14,881 6,858 13,706 (196) 13,510 Net income per common share: Basic net income per common share attributable to Walmart Diluted net income per common share attributable to Walmart $ 4.77 4.75 5.22 5.19 Weighted average common shares outstanding: Basic Diluted 2,831 2,847 2,850 2,868 Dividends declared per common share 2.16 $ 2.12 Walmart Inc. Consolidated Balance Sheets As of January 31, , 2021 2020 $ (Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets 17,741 6,516 44.949 20,861 90,067 9,465 6,284 44,435 1,622 61,806 Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets 92,201 13.642 4,005 28.983 23,598 252,496 105,208 17,424 4,417 31,073 16,567 236,495 $ $ S LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities 224 49,141 37,966 242 3.115 1,466 491 92,645 575 46,973 22,296 280 5,362 1,793 511 77,790 Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other 41,194 12909 3,847 14,370 43,714 16,171 4,307 12.961 Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 282 3,646 88,763 (11,766) ( 80,925 6,606 87,531 252,496 284 3,247 83,943 (12,805) 74,669 6,883 81,552 236,495 $ 2021 2020 2019 S 13,706 15,201 7,179 11,152 (8,589) 8,401 10,678 3,516 4,850 10,987 (1,886) 15 (1,036) 320 1,981 (499) 1,911 1,521 1,734 (Amounts in millions) Cash flows from operating activities: Consolidated net income Adjustments to reconcile consolidated net income to net cash provided by operating activities: Depreciation and amortization Net unrealized and realized (gains) and losses Losses on disposal of business operations 1 Asda pension contribution Deferred income taxes Other operating activities Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: Receivables, net Inventories Accounts payable Accrued liabilities Accrued income taxes Net cash provided by operating activities Cash flows from investing activities: Payments for property and equipment Proceeds from the disposal of property and equipment Proceeds from the disposal of certain operations Payments for business acquisitions, net of cash acquired Other investing activities Net cash used in investing activities (1,086) (2,395) 6,966 4,623 (136) 36,074 154 (300) (274) 186 (93) 25,255 (368) (1,311) 1,831 183 (40) 27,753 (10,264) 215 56 (180) 102 (10,071) (10,705) 321 833 (56) 479 (9,128) (10,344) 519 876 (14,656) (431) (24.036) (324) Cash flows from financing activities: Net change in short-term borrowings Proceeds from issuance of long-term debt Repayments of long-term debt Dividends paid Purchase of Company stock Dividends paid to noncontrolling interest Other financing activities Net cash used in financing activities (5,382) (6,116) (2,625) (434) (1,236) (16,117) (4,656) 5,492 (1,907) (6,048) (5,717) (555) (908) (14,299) (53) 15,872 (3.784) (6,102) (7,410) (431) (629) (2,537) 235 (69) (438) 1,759 742 Effect of exchange rates on cash, cash equivalents and restricted cash Net increase in cash, cash equivalents and restricted cash Cash and cash equivalents reclassified as assets held for sale Cash, cash equivalents and restricted cash at beginning of year Cash, cash equivalents and restricted cash at end of year 10,121 (1,848) 9,515 17,788 7.756 9,515 7,014 7,756 $ $ Supplemental disclosure of cash flow information: Income taxes paid Interest paid s S 5,271 2,216 3,616 2,464 3,982 2.348
