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FInancial Statements of General Motors and Walmart Retail Chain. Create a column chart that compares operating expenses (some companies may label as SG&A) as a
FInancial Statements of General Motors and Walmart Retail Chain.
Create a column chart that compares operating expenses (some companies may label as SG&A) as a percentage of sales between the two companies. How you format it is up to you, but make sure that it is presented in a clear, professional style and labeled appropriately
GENERAL MOTORS COMPANY AND SUBSIDIARIES | ||
CONSOLIDATED BALANCE SHEETS | ||
(In millions, except per share amounts) | ||
December 31, 2015 | December 31, 2014 | |
ASSETS | ||
Current Assets | ||
Cash and cash equivalents | $ 15,238 | $ 18,954 |
Marketable securities (Note 3) | 8,163 | 9,222 |
Restricted cash and marketable securities (Note 3; Note 10 at VIEs) | 1,590 | 1,338 |
Accounts and notes receivable (net of allowance of $327 and $340) | 8,337 | 9,078 |
GM Financial receivables, net (Note 4; Note 10 at VIEs) | 18,051 | 16,528 |
Inventories (Note 5) | 13,764 | 13,642 |
Equipment on operating leases, net (Note 6) | 2,783 | 3,564 |
Deferred income taxes (Note 16) | 8,599 | 9,760 |
Other current assets | 1,482 | 1,540 |
Total current assets | 78,007 | 83,626 |
Non-current Assets | ||
Restricted cash and marketable securities (Note 3; Note 10 at VIEs) | 583 | 935 |
GM Financial receivables, net (Note 4; Note 10 at VIEs) | 18,500 | 16,006 |
Equity in net assets of nonconsolidated affiliates (Note 7) | 9,201 | 8,350 |
Property, net (Note 8) | 31,229 | 27,743 |
Goodwill and intangible assets, net (Note 9) | 5,947 | 6,410 |
GM Financial equipment on operating leases, net (Note 6; Note 10 at VIEs) | 20,172 | 7,060 |
Deferred income taxes (Note 16) | 28,443 | 25,414 |
Other assets | 2,438 | 1,957 |
Total non-current assets | 116,513 | 93,875 |
Total Assets | $ 194,520 | $ 177,501 |
LIABILITIES AND EQUITY | ||
Current Liabilities | ||
Accounts payable (principally trade) | $ 24,062 | $ 22,529 |
Short-term debt and current portion of long-term debt (Note 12) | ||
Automotive | 817 | 497 |
GM Financial (Note 10 at VIEs) | 18,745 | 14,447 |
Accrued liabilities (Note 11) | 27,842 | 28,184 |
Total current liabilities | 71,466 | 65,657 |
Non-current Liabilities | ||
Long-term debt (Note 12) | ||
Automotive | 7,948 | 8,853 |
GM Financial (Note 10 at VIEs) | 35,601 | 22,868 |
Postretirement benefits other than pensions (Note 13) | 5,685 | 6,229 |
Pensions (Note 13) | 20,911 | 23,788 |
Other liabilities (Note 11) | 12,586 | 14,082 |
Total non-current liabilities | 82,731 | 75,820 |
Total Liabilities | 154,197 | 141,477 |
Commitments and contingencies (Note 15) | ||
Equity (Note 19) | ||
Common stock, $0 01 par value | 15 | 16 |
Additional paid-in capital | 27,607 | 28,937 |
Retained earnings | 20,285 | 14,577 |
Accumulated other comprehensive loss | -8,036 | -8,073 |
Total stockholders equity | 39,871 | 35,457 |
Noncontrolling interests | 452 | 567 |
Total Equity | 40,323 | 36,024 |
Total Liabilities and Equity | $ 194,520 | $ 177,501 |
GENERAL MOTORS COMPANY AND SUBSIDIARIES | |||
CONSOLIDATED INCOME STATEMENTS | |||
(In millions, except per share amounts) | |||
Years Ended December 31, | |||
2015 | 2014 | 2013 | |
Net sales and revenue | |||
Automotive | $ 145,922 | $ 151,092 | $ 152,092 |
GM Financial | 6,434 | 4,837 | 3,335 |
Total net sales and revenue | 152,356 | 155,929 | 155,427 |
Costs and expenses | |||
Automotive cost of sales (Note 11) | 128,321 | 138,082 | 134,925 |
GM Financial interest, operating and other expenses | 5,733 | 4,039 | 2,448 |
Automotive selling, general and administrative expense | 13,405 | 12,158 | 12,382 |
Goodwill impairment charges (Note 9) | - | 120 | 541 |
Total costs and expenses | 147,459 | 154,399 | 150,296 |
Operating income | 4,897 | 1,530 | 5,131 |
Automotive interest expense | 443 | 403 | 334 |
Interest income and other non-operating income, net (Note 18) | 621 | 823 | 1,063 |
Gain (loss) on extinguishment of debt (Note 12) | 449 | 202 | -212 |
Equity income (Note 7) | 2,194 | 2,094 | 1,810 |
Income before income taxes | 7,718 | 4,246 | 7,458 |
Income tax expense (benefit) (Note 16) | -1,897 | 228 | 2,127 |
Net income | 9,615 | 4,018 | 5,331 |
Net (income) loss attributable to noncontrolling interests | 72 | -69 | 15 |
Net income attributable to stockholders | $ 9,687 | $ 3,949 | $ 5,346 |
Net income attributable to common stockholders | $ 9,687 | $ 2,804 | $ 3,770 |
Earnings per share (Note 20) | |||
Basic | |||
Basic earnings per common share | $ 6 11 | $ 1 75 | $ 2 71 |
Weighted-average common shares outstanding | 1,586 | 1,605 | 1,393 |
Diluted | |||
Diluted earnings per common share | $ 5 91 | $ 1 65 | $ 2 38 |
Weighted-average common shares outstanding | 1,640 | 1,687 | 1,676 |
Net income | $ 9,615 | $ 4,018 | $ 5,331 |
Other comprehensive income (loss), net of tax (Note 19) | |||
Foreign currency translation adjustments | -955 | -473 | -733 |
Defined benefit plans, net | 1,011 | -4,505 | 5,693 |
Other | - | -5 | -39 |
Other comprehensive income (loss), net of tax | 56 | -4,983 | 4,921 |
Comprehensive income (loss) | 9,671 | -965 | 10,252 |
Comprehensive (income) loss attributable to noncontrolling interests | 53 | -46 | 33 |
Comprehensive income (loss) attributable to stockholders | $ 9,724 | $ (1,011) | $ 10,285 |
GENERAL MOTORS COMPANY AND SUBSIDIARIES | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
(In millions) | |||
Years Ended December 31, | |||
2015 | 2014 | 2013 | |
Cash flows from operating activities | |||
Net income | $ 9,615 | $ 4,018 | $ 5,331 |
Depreciation, amortization and impairment charges | 8,017 | 7,238 | 8,041 |
Foreign currency remeasurement and transaction losses | 829 | 437 | 350 |
Amortization of discount and issuance costs on debt issues | 176 | 181 | 114 |
Undistributed earnings of nonconsolidated affiliates and gains on investments | -147 | -301 | -92 |
Pension contributions and OPEB payments | -1,600 | -1,315 | -1,458 |
Pension and OPEB expense, net | 321 | 439 | 638 |
(Gains) losses on extinguishment of debt | -449 | -202 | 212 |
Provision (benefit) for deferred taxes | -2,757 | -574 | 1,561 |
Change in other operating assets and liabilities (Note 24) | -1,754 | 244 | -1,326 |
Other operating activities | -273 | -107 | -741 |
Net cash provided by operating activities | 11,978 | 10,058 | 12,630 |
Cash flows from investing activities | |||
Expenditures for property | -7,874 | -7,091 | -7,565 |
Available-for-sale marketable securities, acquisitions | -8,113 | -7,636 | -6,754 |
Trading marketable securities, acquisitions | -1,250 | -1,518 | -3,214 |
Available-for-sale marketable securities, liquidations | 8,463 | 6,874 | 3,566 |
Trading marketable securities, liquidations | 1,758 | 1,881 | 6,538 |
Acquisition of companies/investments, net of cash acquired | -928 | -53 | -2,623 |
Proceeds from sale of business units/investments, net of cash disposed | - | - | 896 |
Increase in restricted cash and marketable securities | -744 | -839 | -984 |
Decrease in restricted cash and marketable securities | 376 | 515 | 1,107 |
Purchases of finance receivables | -17,495 | -14,744 | -10,838 |
Principal collections and recoveries on finance receivables | 11,726 | 10,860 | 7,555 |
Purchases of leased vehicles, net | -15,158 | -4,776 | -2,254 |
Proceeds from termination of leased vehicles | 1,096 | 533 | 217 |
Other investing activities | 108 | 296 | -9 |
Net cash used in investing activities | -28,035 | -15,698 | -14,362 |
Cash flows from financing activities | |||
Net increase in short-term debt | 1,128 | 391 | 156 |
Proceeds from issuance of debt (original maturities greater than three months) | 35,679 | 31,373 | 28,041 |
Payments on debt (original maturities greater than three months) | -17,256 | -19,524 | -20,191 |
Payments to purchase stock | -3,520 | -3,277 | -2,438 |
Dividends paid (including charge related to redemption and purchase of Series A Preferred Stock) | -2,242 | -3,165 | -1,687 |
Other financing activities | -103 | -123 | -150 |
Net cash provided by financing activities | 13,686 | 5,675 | 3,731 |
Effect of exchange rate changes on cash and cash equivalents | -1,345 | -1,102 | -400 |
Net increase (decrease) in cash and cash equivalents | -3,716 | -1,067 | 1,599 |
Cash and cash equivalents at beginning of period | 18,954 | 20,021 | 18,422 |
Cash and cash equivalents at end of period | $ 15,238 | $ 18,954 | $ 20,021 |
Significant Non-cash Investing and Financing Activity | |||
Non-cash property additions | $ 4,676 | $ 3,313 | $ 3,224 |
Mandatory conversion of Series B Preferred Stock into common stock (Note 19) | $ 4,854 |
Walmart Company & Its Subsidiaries | |||
Consolidated Statements of Income | |||
Fiscal Years Ended January 31, | |||
(Amounts in millions, except per share data) | 2016 | 2015 | 2014 |
Revenues: | |||
Net sales | $478,614 | $482,229 | $473,076 |
Membership and other income | 3,516 | 3,422 | 3,218 |
Total revenues | 482,130 | 485,651 | 476,294 |
Costs and expenses: | |||
Cost of sales | 360,984 | 365,086 | 358,069 |
Operating, selling, general and administrative expenses | 97,041 | 93,418 | 91,353 |
Operating income | 24,105 | 27,147 | 26,872 |
Interest: | |||
Debt | 2,027 | 2,161 | 2,072 |
Capital lease and financing obligations | 521 | 300 | 263 |
Interest income | -81 | -113 | -119 |
Interest, net | 2,467 | 2,348 | 2,216 |
Income from continuing operations before income taxes | 21,638 | 24,799 | 24,656 |
Provision for income taxes: | |||
Current | 7,584 | 8,504 | 8,619 |
Deferred | -1,026 | -519 | -514 |
Total provision for income taxes | 6,558 | 7,985 | 8,105 |
Income from continuing operations | 15,080 | 16,814 | 16,551 |
Income from discontinued operations, net of income taxes | 285 | 144 | |
Consolidated net income | 15,080 | 17,099 | 16,695 |
Consolidated net income attributable to noncontrolling interest | -386 | -736 | -673 |
Consolidated net income attributable to Walmart | $ 14,694 | $ 16,363 | $ 16,022 |
Basic net income per common share: | |||
Basic income per common share from continuing operations attributable to Walmart | $ 4.58 | $ 5.01 | $ 4.87 |
Basic income per common share from discontinued operations attributable to Walmart | 0.06 | 0.03 | |
Basic net income per common share attributable to Walmart | $ 4.58 | $ 5.07 | $ 4.9 |
Diluted net income per common share: | |||
Diluted income per common share from continuing operations attributable to Walmart | $ 4.57 | $ 4.99 | $ 4.85 |
Diluted income per common share from discontinued operations attributable to Walmart | 0.06 | 0.03 | |
Diluted net income per common share attributable to Walmart | $ 4.57 | $ 5.05 | $ 4.88 |
Weighted-average common shares outstanding: | |||
Basic | 3,207 | 3,230 | 3,269 |
Diluted | 3,217 | 3,243 | 3,283 |
Dividends declared per common share | $ 1.96 | $ 1.92 | $ 1.88 |
Consolidated Statements of Comprehensive Income | |||
Amounts in millions) | 2016 | 2015 | 2014 |
Consolidated net income | 15,080 | 17,099 | 16,695 |
Less consolidated net income attributable to nonredeemable noncontrolling interest | -386 | -736 | -606 |
Less consolidated net income attributable to redeemable noncontrolling interest | - | - | -67 |
Consolidated net income attributable to Walmart | 14,694 | 16,363 | 16,022 |
Other comprehensive income (loss), net of income taxes | |||
Currency translation and other | -5,220 | -4,558 | -3,221 |
Net investment hedges | 366 | 379 | 75 |
Cash flow hedges | -202 | -470 | 207 |
Minimum pension liability | 86 | -69 | 153 |
Other comprehensive income (loss), net of income taxes | -4,970 | -4,718 | -2,786 |
Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest | 541 | 546 | 311 |
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest | - | - | 66 |
Other comprehensive income (loss) attributable to Walmart | -4,429 | -4,172 | -2,409 |
Comprehensive income, net of income taxes | 10,110 | 12,381 | 13,909 |
Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest | 155 | -190 | -295 |
Less comprehensive income (loss) attributable to redeemable noncontrolling interest | - | - | -1 |
Comprehensive income attributable to Walmart | 10,265 | 12,191 | 13,613 |
Walmart & Its Subsidiaries | ||
Consolidated Balance Sheets | ||
(Amounts in millions) | ||
2016 | 2015 | |
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 8,705 | 9,135 |
Receivables, net | 5,624 | 6,778 |
Inventories | 44,469 | 45,141 |
Prepaid expenses and other | 1,441 | 2,224 |
Total current assets | 60,239 | 63,278 |
Property and equipment: | ||
Property and equipment | 176,958 | 177,395 |
Less accumulated depreciation | -66,787 | -63,115 |
Property and equipment, net | 110,171 | 114,280 |
Property under capital lease and financing obligations: | ||
Property under capital lease and financing obligations | 11,096 | 5,239 |
Less accumulated amortization | -4,751 | -2,864 |
Property under capital lease and financing obligations, net | 6,345 | 2,375 |
Goodwill | 16,695 | 18,102 |
Other assets and deferred charges | 6,131 | 5,455 |
Total assets | 199,581 | 203,490 |
LIABILITIES AND EQUITY | ||
Current liabilities: | ||
Short-term borrowings | 2,708 | 1,592 |
Accounts payable | 38,487 | 38,410 |
Accrued liabilities | 19,607 | 19,152 |
Accrued income taxes | 521 | 1,021 |
Long-term debt due within one year | 2,745 | 4,791 |
Capital lease and financing obligations due within one year | 551 | 287 |
Total current liabilities | 64,619 | 65,253 |
Long-term debt | 38,214 | 40,889 |
Long-term capital lease and financing obligations | 5,816 | 2,606 |
Deferred income taxes and other | 7,321 | 8,805 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 317 | 323 |
Capital in excess of par value | 1,805 | 2,462 |
Retained earnings | 90,021 | 85,777 |
Accumulated other comprehensive income (loss) | -11,597 | -7,168 |
Total Walmart shareholders equity | 80,546 | 81,394 |
Nonredeemable noncontrolling interest | 3,065 | 4,543 |
Total equity | 83,611 | 85,937 |
Total liabilities and equity | 199,581 | 203,490 |
Walmart & Its Subsidiaries | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Cash flows from operating activities: | 2016 | 2015 | 2014 |
Consolidated net income | $15080 | $17099 | $16695 |
Income from discontinued operations, net of income taxes | -285 | -144 | |
Income from continuing operations | 15,080 | 16,814 | 16,551 |
Adjustments to reconcile income from continuing operations to net cash | |||
provided by operating activities: | |||
Depreciation and amortization | |||
Deferred income taxes | |||
Other operating activities | |||
Changes in certain assets and liabilities, net of effects of acquisitions: | |||
Receivables, | -19 | -569 | -566 |
Inventories | -703 | -1,229 | -1,667 |
Accounts payable | 2,008 | 2,678 | 531 |
Accrued liabilities | 1,303 | 1,249 | 103 |
Accrued income taxes | -472 | 166 | -1,224 |
Net cash provided by operating activities | 27,389 | 28,564 | 23,257 |
Cash flows from investing activities: | -11,477 | -12,174 | -13,115 |
Payments for property and equipment | 635 | 570 | 727 |
Proceeds from disposal of property and equipment | 246 | 671 | |
Proceeds from disposal of certain operations | |||
Other investing activities | -79 | -192 | -138 |
Net cash used in investing activities | -10,675 | -11,125 | -12,526 |
Cash flows from financing activities: | |||
Net change in short-term borrowings | 1,235 | -6,288 | 911 |
Proceeds from issuance of long-term debt | 39 | 5,174 | 7,072 |
Payments of long-term debt | -4,432 | -3,904 | -4,968 |
Dividends paid | -6,294 | -6,185 | -6,139 |
Purchase of Company stock | -4,112 | -1,015 | -6,683 |
Dividends paid to noncontrolling interest | -719 | -600 | -426 |
Purchase of noncontrolling interest | -1,326 | -1,844 | -296 |
Other financing activities | -513 | -409 | -260 |
Net cash used in financing activities | -16,122 | -15,071 | -10,789 |
Effect of exchange rates on cash and cash equivalents | -1,022 | -514 | -442 |
Net increase (decrease) in cash and cash equivalents | -430 | 1,854 | -500 |
Cash and cash equivalents at beginning of year | 9,135 | 7,281 | 7,781 |
Cash and cash equivalents at end of period | $ 8705 | $ 9135 | $ 7281 |
Supplemental disclosure of cash flow information: | |||
Income taxes paid | 8,111 | 8,169 | 8,641 |
Interest paid | 2,540 | 2,433 | 2,362 |
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