- For 2020, Walmart shows an adjustment for inventories of negative $2,395 million. However, on the balance sheet, inventories increased from $44,435 million to $44,949 million, a difference of $514 million. Explain the $2,395 million adjustment in the operating section of the statement of cash flows and offer examples of why the adjustment might differ from the change in the inventory balance.
A D Search this.co View largedruge Walmart, Inc. Balance Sheets (Amounts in Mins, Allow for Rounding Cast 11 2013 2012 9000 ASSETS Current asse Cash and cash equivalents Receivables, et Inwentores Prepaid expenses and other Total current assets $ 7,722 6,243 44,269 3,623 $ 61,897 $ 9,465 4,284 44435 1.622 $ 61,806 $ 17,741 6,516 44.949 20,861 $ 90,067 104317 Property and equipment, het Operating lease right-of-use assets Finance lease right-of-use assets.net Goodwill Other long term assets TOTAL ASSETS 7,078 31,181 14,822 $219,295 105.206 17.424 4417 31,073 16,567 5236,495 92.201 13,642 4,005 28.983 23,598 5252,496 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabili Accrued income taxes Long-term debt due within one year Operating lease obligations due within one Francese obligations due with one year Total current liabilities $5,225 47,060 22.159 575 46,073 22.296 250 5.362 1,793 511 $ 77.70 186 $ 224 49,141 37.966 242 115 1466 491 $ 92,645 719 $ 77,427 43.520 Long-term debet Long term operating lease obligations Long term finance lente obligation Duferind incore dhe 43,714 16,171 007 12.01 41,194 12.909 2147 14.170 11.961 Commitments and contingencies Equity Common Caitliness of par value ned AV Tota Walart har veldiersity Nanconingin Total TOTAL LIABILITIES AND FOUNTY 2005 0.75 11.5421 $ 2,495 140 55 $219.295 24 323 1,043 12.NO 5. (11.7 5 000 3.00 56.31 $41.52 1388.id=1434862235&nbld=28450128 s... As a t .22 Walmart, Inc. Statements of Cash Flows for the (Amounts in Millions; Allow for Rounding) (Integrative Case 1.1) 2018 2019 2029 $ 7,179 $ 15,201 $ 13,706 10,678 3.516 4,850 11.152 R.589) 8401 Cash flows from operating activities Consolidatedinet Income Adjustments to reconcile consolidated net income to net cash provided by operating activities Depreciation and amortization Net urvalized and realized gains and losses Losses on disposal of business options ASDA pension contribution Deferred income taxes Other operating activities Changes in certain assets and abilities, net of effects of acquisitions and dispositions Receivables, net Inventores Accounts payable Accrued liabilities Acerved income Net cash provided by operating activities 10,987 (1.8860 15 11.036 320 1,981 (499) 1,734 1.911 1,521 (368) 11.311) 1,831 183 400 $ 27,753 154 (300) (274) 186 (93) 5 25.255 (1,086 2.395) 6.966 4623 136 5 36,074 110,260 Cash flows from investing activities Payments for property and equipment Proceeds from the diposal of property and quiet Proceeds from the dial of certaines Payments for business acquisitions of cash acquired Othering activities Net cash used in investigativities 110,444 $19 376 014.656) 215 110,7051 121 833 (56) 429 $ 19.12 $124.01 102 $110.071) 024 152 146560 5000 07 19 16 Cowon financing activit Nethemowo Procomilong Berm debt || , Divided Puchar company stock ng terest ang New invites Nivalent.andre IN 414 4 4141 tea here 107 7410 4311 12 020 19 7011 57 end of MU huwa 47' Cloudy - Solved: Interpreti X I cengage login - 5 x MindTap - Cenga x N=9780357722138&id=1434862235&nbld=2845012&s... A 20 Walmart, Inc. Income Statements (Allow for Rounding) (Int Case 1.1) 2019 2020 2021 Net sales Membership and other income Total revenues $510,329 4,076 5514 405 5519.926 4,038 5523.964 5555,233 3,918 $559,151 385 301 107147 $ 21,957 394.605 108,791 $ 20.568 420,315 116,288 $ 22.548 Cost of sales Operating, selling general, and administrative expenses Operating income Interest Debt Finance capitales, and financing obligations Interest income Interest.net Other glosses Income before income taxes Phonfocometres Gomelite net income Carolidated net income attributable to noncontrolling interest Conseldated net income attributable to Walmart 1975 371 217 52129 836 $11.450 4281 $7.179 1509) $6,670 2.252 337 ten 52410 (1.9580 $ 20.116 1915 $ 15,201 (320) $ 14 1,976 339 (121) $ 2.194 12.10 $ 20.564 5,856 $13.706 1961 $ 13,510 502 477 2:20 Nec per common share butable to Walmart months Walmart Weighted average on sharoitanding MIK DAHA winds declare per conossa 250 2:33 2945 > 00 2.12 2.16 1.21 Walmart, Inc. Consolidated Statements of Comprehensive Inco 2011 A D Search this.co View largedruge Walmart, Inc. Balance Sheets (Amounts in Mins, Allow for Rounding Cast 11 2013 2012 9000 ASSETS Current asse Cash and cash equivalents Receivables, et Inwentores Prepaid expenses and other Total current assets $ 7,722 6,243 44,269 3,623 $ 61,897 $ 9,465 4,284 44435 1.622 $ 61,806 $ 17,741 6,516 44.949 20,861 $ 90,067 104317 Property and equipment, het Operating lease right-of-use assets Finance lease right-of-use assets.net Goodwill Other long term assets TOTAL ASSETS 7,078 31,181 14,822 $219,295 105.206 17.424 4417 31,073 16,567 5236,495 92.201 13,642 4,005 28.983 23,598 5252,496 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabili Accrued income taxes Long-term debt due within one year Operating lease obligations due within one Francese obligations due with one year Total current liabilities $5,225 47,060 22.159 575 46,073 22.296 250 5.362 1,793 511 $ 77.70 186 $ 224 49,141 37.966 242 115 1466 491 $ 92,645 719 $ 77,427 43.520 Long-term debet Long term operating lease obligations Long term finance lente obligation Duferind incore dhe 43,714 16,171 007 12.01 41,194 12.909 2147 14.170 11.961 Commitments and contingencies Equity Common Caitliness of par value ned AV Tota Walart har veldiersity Nanconingin Total TOTAL LIABILITIES AND FOUNTY 2005 0.75 11.5421 $ 2,495 140 55 $219.295 24 323 1,043 12.NO 5. (11.7 5 000 3.00 56.31 $41.52 1388.id=1434862235&nbld=28450128 s... As a t .22 Walmart, Inc. Statements of Cash Flows for the (Amounts in Millions; Allow for Rounding) (Integrative Case 1.1) 2018 2019 2029 $ 7,179 $ 15,201 $ 13,706 10,678 3.516 4,850 11.152 R.589) 8401 Cash flows from operating activities Consolidatedinet Income Adjustments to reconcile consolidated net income to net cash provided by operating activities Depreciation and amortization Net urvalized and realized gains and losses Losses on disposal of business options ASDA pension contribution Deferred income taxes Other operating activities Changes in certain assets and abilities, net of effects of acquisitions and dispositions Receivables, net Inventores Accounts payable Accrued liabilities Acerved income Net cash provided by operating activities 10,987 (1.8860 15 11.036 320 1,981 (499) 1,734 1.911 1,521 (368) 11.311) 1,831 183 400 $ 27,753 154 (300) (274) 186 (93) 5 25.255 (1,086 2.395) 6.966 4623 136 5 36,074 110,260 Cash flows from investing activities Payments for property and equipment Proceeds from the diposal of property and quiet Proceeds from the dial of certaines Payments for business acquisitions of cash acquired Othering activities Net cash used in investigativities 110,444 $19 376 014.656) 215 110,7051 121 833 (56) 429 $ 19.12 $124.01 102 $110.071) 024 152 146560 5000 07 19 16 Cowon financing activit Nethemowo Procomilong Berm debt || , Divided Puchar company stock ng terest ang New invites Nivalent.andre IN 414 4 4141 tea here 107 7410 4311 12 020 19 7011 57 end of MU huwa 47' Cloudy - Solved: Interpreti X I cengage login - 5 x MindTap - Cenga x N=9780357722138&id=1434862235&nbld=2845012&s... A 20 Walmart, Inc. Income Statements (Allow for Rounding) (Int Case 1.1) 2019 2020 2021 Net sales Membership and other income Total revenues $510,329 4,076 5514 405 5519.926 4,038 5523.964 5555,233 3,918 $559,151 385 301 107147 $ 21,957 394.605 108,791 $ 20.568 420,315 116,288 $ 22.548 Cost of sales Operating, selling general, and administrative expenses Operating income Interest Debt Finance capitales, and financing obligations Interest income Interest.net Other glosses Income before income taxes Phonfocometres Gomelite net income Carolidated net income attributable to noncontrolling interest Conseldated net income attributable to Walmart 1975 371 217 52129 836 $11.450 4281 $7.179 1509) $6,670 2.252 337 ten 52410 (1.9580 $ 20.116 1915 $ 15,201 (320) $ 14 1,976 339 (121) $ 2.194 12.10 $ 20.564 5,856 $13.706 1961 $ 13,510 502 477 2:20 Nec per common share butable to Walmart months Walmart Weighted average on sharoitanding MIK DAHA winds declare per conossa 250 2:33 2945 > 00 2.12 2.16 1.21 Walmart, Inc. Consolidated Statements of Comprehensive Inco 2011
