Answered step by step
Verified Expert Solution
Question
1 Approved Answer
he following are Wal-Mart Stores, Inc.'s financial statements as presented in the company's 2014 annual report. To access Wal-Mart's complete annual report including notes to
he following are Wal-Mart Stores, Inc.'s financial statements as presented in the company's 2014 annual report. To access Wal-Mart's complete annual report including notes to the financial statements, follow these steps 1. Go to http://corporate.walmart.com 2. Select Annual Reports under the Investors tab 3. Select the 2014 Annual Report (Wal-Mart's fiscal year ends January 31). 4. The Notes to Consolidated Financial Statements begin on page 40. Consolidated Statements of Income Fiscal Years Ended January 31 Amounts in millions, except per share data) Revenues 2014 2012 Net sales Membership and other income Total revenues $473,076 $465,604 $443,416 3,093 446,509 3,218 476,294 3,047 468,651 Costs and expenses: Cost of sales Operating, selling,general and administrative expenses 358,069 352,297 88,629 27,725 334,993 85,025 Operating income Interest: 91,353 26,872 26,491 Debt Capital leases Interest income 2,072 263 1,977 2034 (186) 2,063 25,662 Interest, net 2,216 24,656 8,619 2,159 24,332 6,722 Income from continuing operations before income taxes Provision for income taxes: Current 7,976 Deferred 1,202 7,924 16,408 Total provision for income taxes Income from continuing operations Income (loss) from discontinued operations, net of income taxes Consolidated net income Less consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Basic net income per common share 7,958 17,704 52 17,756 16,551 16,695 (673) 16,387 (688) 15,699 $16,022 16,999 Basic income per common share from continuing operations attributable to Walmart Basic income (loss) per common share from discontinued operations attributable to Walmart Basic net income per common share attributable to Walmart $4.87 5.03455 (0.01) $ 4.90 5.04 454 0.03 Diluted net income per common share Diluted income per common share from continuing operations attributable to Walmart Diluted income (loss) per common share from discontinued operations attributable to Walmart 4.85 501 453 (0.01) Diluted net income per common share attributable to Walmart 4.88 5.02452 Weighted-average common shares outstanding Basic Diluted 3,269 3,283 3,474 $1.88 1.59146 3,389 Dividends declared per common share See accompanying notes
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started