Consolidated Balance Sheets USD [5] 5 in Millions Cu rrent assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Current assets of discontinued operations Total current assets Prope and guipment: Property and equipment I Less accumulated depreciation Property and equipment, net Property under capital lease and financing obligations: Property under capital lease and financing obligations Less accumulated amortization Property under capital lease and financing obligations, net Goodwill Other assets and deferred charges Total assets Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Longterm debt due within one year Capital lease and financing obligations due within one year Current liabilities of discontinued operations Total current liabilities Long-term debt Longterm capital lease and financing obligations Deferred income taxes Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss TotalWalmart shareholders'equityr Noncontrolling interest Total equity Total liabilities and equity 2018 $ 5,255 5,514 43,283 3,511 0 59,554 135,154 \"1479} 103,535 12,303 {5,550} 3,143 13,242 11,333 204,522 5,253 45,032 22,122 545 3,333 553 0 33,521 30,045 5,330 3,354 0 235 2,543 35,103 {10,131} 33,353 2,353 30,322 3 204,522 201? 3 5,85? 5,835 43,045 1,941 0 5]", 589 133,432 [31, 332} 103,310 11,533 {5,153} 5,453 13,033 3,321 133,325 1,033 41,433 20,554 321 2,255 555 0 55,323 3 5,015 5,003 3,344 305 2,331 33,354 {14,232} 33,333 2,333 30,535 5 133,325 2015 3 8, 1'05 5,524 44,459 1,441 0 50,239 135,353 [55, 333} 110,131 11,035 [4, 351} 5,345 15,535 5,131 133,531 2,303 33,433 13,503 521 2,345 551 0 54,513 33,214 5,315 $ 3,321 0 Si 313 1,305 30,021 {11,533} 30,545 3,055 33,511 3 133,531 2015 3 9,135 5, 778 45, 141 2, 224 53, 228 133,335 {53,115} 114,230 5,233 {2,354} 2,335 13,102 5,455 203,430 1,532 33,410 13,152 1,021 4,331 233 55,253 40,333 2,505 $ 8,805 5 323 2,452 35,333 {3,153} 31,334 4,543 35,333 5 203,430 2014 $2, 281 5, 577 44,858 1,909 450 51, 185 133,033 53,325 115,354 5,589 - 3,045 2,543 19,510 5, 149 204, 251 3,530 33,415 13,333 355 4,103 303 33 53,345 41,331 2, 333 3,013 1,431 323 2,352 35,555 -2,335 35,255 5,034 31,333 5204, 351 Consolidated Statements of Cash Flows - USD ($) $ in Millions Jan. 31, 2018 Jan. 31, 2017 Jan. 31, 2016 Jan. 31, 2015 Jan. 31, 201 Cash flows from operating activities: consolidated net income $ 10,523 $ 14,293 $ 15,080 $ 17,099 $ 16,695 Adjustments to reconcile income from continuing operations to net cash provided by operating activities: Depreciation and amortization 10,529 10,080 9,454 9,173 8,870 Deferred income taxes (304) 761 672) (503) (279) Gain (loss) on extinguishment of debt 3,136 Other operating activities 1,210 206 1,410 785 938 Changes in certain assets and liabilities, net of effects of acquisitions: Receivables, net (1,074) (402 (19 (569) 566 Inventories (140) 1,021 (703) 1,229 1,667 Accounts payable 4,086 3,942 2,008 2,678 531 Accrued liabilities 928 1,280 1,466 1,249 103 Accrued income taxes (557) 492 (472) 166 (1,224 Net cash provided by operating activities 28,337 31,673 27,552 28,564 23,257 Cash flows from investing activities: Payments for property and equipment (10,051) (10,619) (11,477) (12,174) (13,115 Proceeds from the disposal of property and equipment 378 456 635 570 727 Proceeds from the disposal of certain operations 1,046 662 246 671 Purchase of available for sale securities 1,901) 0 0 0 Investment and business acquisitions, net of cash acquired (375) (2,463) 0 Other investing activities (58) [122 (79) (192) 138 Net cash used in investing activities (9,060) (13,987) (10,675) (11,125) (12,526 Cash flows from financing activities: Net change in short-term borrowings 4,148 (1,673) 1,235 6,288) 911 Proceeds from issuance of long-term debt 7,476 137 39 5,174 7,072 Payments of long-term debt (13,061) (2,055) (4,432) (3,904 (4,968 Payment for debt extinguishment or debt prepayment cost (3,059) Dividends paid (6,124) (6,216) (6,294) 6,185) (6,139 Purchase of Company stock (8,296) 8,298) (4,112) (1,015) 6,683 Dividends paid to noncontrolling interest (690) (479 719) 600) (426 Purchase of noncontrolling interest (8) (90) (1,326) (1,844) (296) Other financing activities (261) (398) 676) 409) (260) Net cash used in financing activities (19,875) (19,072) (16,285) (15,071) (10,789 Effect of exchange rates on cash and cash equivalents 487 (452) (1,022) (514) 442 Net increase (decrease) in cash and cash equivalents (111) (1,838) 430 1,854 (500 Cash and cash equivalents at beginning of year 6,867 8,705 9,135 7,281 7,781 Cash and cash equivalents at end of year 5,756 6,867 8,705 9,135 7,281 Supplemental disclosure of cash flow information: ncome taxes paid 6,179 4,507 8,111 8,169 8,641 Interest paid 2,450 2,351 2,540 2,433 2,362Consolidated Statements of Income USD [5] shares in Millions, Sin Millions Revenues: Net sales Membership and otherincome Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Capital lease and financing obligations Interest income Interest, net Gain {loss} on extinguishment of debt Income from continuing operations before income taxes Provision for income taxes Income from continuing operations Income from discontinued operations, net of income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable toWalmart Net income per common share: Basic net income per common share attributable to Walmart Diluted net income per common share attributable toWalmart Weightedaverage common shares outstanding: Basic Diluted Dividends declared per common share Jan. 31, 2018 3 495,351 4,532 500,343 3?3,396 106,510 20,43? 1,933 352 {152} 2,133 {3,135} 15,123 4,500 10,523 0 10,523 {551} 5 9,352 $3.29 $3.28 2,995 3,010 3 2.04 12 Months Ended Jan. 31, 201? 3 431,3 13 4,555 435,333 3 61,256 101,853 22,?64 2,044 3 23 [100} 2, 26? 0 20,49? 6, 204 14, 293 0 14, 293 [560} 5 13,543 $4.40 $4.38 3,101 3,112 32 Jan. 31, 2016 s 433, 514 3,515 432, 130 360,984 9?,041 24, 105 2,023 521 {81} 2,453 0 21, 533 5,553 15,030 0 15,030 [335} 3 14,594 3 4.58 S 4.5? 3, 203 3, 213 S 1.95 Jan. 31, 2015 3 432,229 3,422 435,551 3 65,086 93,418 2?,14? 2,151 300 [113} 2,343 0 24,399 3,935 15,314 235 13,099 [33 5} 15,353 5 5.0? S 5.05 3,230 3,243 5 1.92 Jan. 31, 2014 S 433,035 3, 213 435, 294 358,069 91, 353 26,8?2 2,032 253 [119} 2, 215 0 24, 555 3, 105 15,551 144 15, 595 [533} 15,022 3 4.90 S 4.88 3, 259 3, 233 s 1.33