Need help with calculating free cash flow.

Expand Your Critical Thinking 12-03 a

Amazon.com, Inc.s financial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Click here to view Appendix E. (a) Based on the information contained in these financial statements, compute free cash flow for Amazon at December 31, 2016 and Wal-Mart for January 31, 2017. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in millions.)

		Amazon.com, Inc.		Wal-Mart Stores, Inc.
Free cash flow

Specimen Financial Statements: Amazon.com, Inc.

Amazon.com, Inc. is the world's largest online retailer. It also produces consumer electronicsnotably the Kindle e-book reader and the Alexa digital assistant in its Echo speakersand is a major provider of cloud computing services. The following are Amazon's financial statements as presented in the company's 2016 annual report. The complete annual report, including notes to the financial statements, is available at the company's website.

Specimen Financial Statements: Wal-Mart Stores, Inc.

The following are Wal-Mart Stores, Inc.'s financial statements as presented in the -company's annual report for the year ended January 31, 2017. The complete annual -report, including notes to the financial statements, is available at the company's website.

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) Year Ended December 31 2014 2015 (241) $ 596 S 2016 2.371 $(49) (325) (210) (279) Net income (loss) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(3), S10, and Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of $1. $(5), and S(12) Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of S(1), SO, and SO Net unrealized gains (losses) on available-for-sale securities Total other comprehensive income (loss) Comprehensive income (loss) 2 (7) 9 8 (3) (1) (326) (567) S 5 (2) (212) 384 S 17 (262) 2.109 See accompanying notes to consolidated financial statements. AMAZON.COM, INC CONSOLIDATED BALANCE SHEETS in millions except per share data) December 31 2015 ASSETS 15.890 3.918 10,243 5,654 35.705 21,818 19.334 6.647 11,461 8319 45.781 29,114 3.750 3.784 3.445 64.747 S 4.723 83,402 20.397 5 10,372 Current asses: Cash and cash quivalents Marketable securities Inventories Accounts receivable, net and other Totalcument assets Property and equipment, net Goodwill Other assets Toalets S LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable S Accrued expenses and other neamed revenue Total current liabilities Long-term dele Other long-lcem liabilities Commitments and contingencies (Note 7) Stockholders' cquity Preferred stock, 0.01 par value: Authorized stures --- 500 Issued and outstanding shares-none Common stock, 30.01 par value Authorized shares - 5,000 Issued shares - 494 and 500 Outstanding shares-471 and 477 Treasury stock, al cost Additional paid in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes to consolidated financial statements 25,109 13.739 4.768 43.816 7.694 12.607 33,887 8.22 9,249 5 (1.837) 13.194 5 (1.837 17,186 1985) 4,916 19.285 83,402 2.545 13,384 64.747 Year End December 31 2014 2015 8,658 14,357 $ 20116 15.890 596 2.371 4.746 1497 129 59 (316) (6) 6.281 2.119 153 250 81 (119) 8.116 2.975 160 (20) (246) (829) (1.193) (1,039) 1.759 706 (2.187) (1.755) 4.294 913 7.401 (6,109) 11.920 (3.367) 5.00 1.734 11.931 (9.976) 16,443 (3.692) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING ACTIVITIES Net income Adjustments to reconcile net income (loss) to net cash from operating activities: Depreciation of property and equipment, including internal-use software and website development, and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Other expense (income).net Deferred income taxes Excess tax benefits from stock-based compensation Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Additions to uncanned revenue Amortization of previously uneamed reveme Net cash prwided by used in operating activities INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, not Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by used in investing activities HNANCING ACTIVITIES Excess tax benefits from stock-based compensation Proceeds from long-term deht and other Repayments of long-term deht and other Principal repayments of capital lease obligatives Principal repayments of finance lease obligations Net cash provided by (used in financing activities Foreign curreacy effect on cash and cash equivalents Net increase (decrease in cash and cash equivalents CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance case obligaties Cash paid for income taxes, not of refunds Property and equipment acquired under capital leases Property and cquipment acquired under build-to-suit leases (4.893) (979) 3,349 (2.542) (5.065) (4.589) (795) 3,025 (4.091) (6 450) (6,737) (116) 4.733 (7.756 (9.876) 119 353 621 6 6.359 (513) (1.285) (135) (2.462) (121) (3.763) (374) (3.860) (147) (2.911 (212) (310) 5.899 14,3575 15.890S 19,344 91 $ 86 172 4,08 920 325 153 273 4.717 5.44 290 2016 412 5,704 1.209 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Year Ended December 31, 2014 2015 70,080 79.268 $ 18.908 27.738 88.988 107,006 2016 94,665 41.322 135.987 Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), het Total non-operating income (expense) Income (loss) before income taxes Provision for income taxes Equity-method investment activity, net of tax Net income (loss) Basic earnings per share Diluted earnings per share Weighted average shares used in computation of earnings per share: Basic Diluted 62.752 10.766 4,332 9.275 1,552 133 88.810 178 39 (210) (118) (289) 71.651 13.410 5,254 12.540 1.747 171 104.773 2.233 50 (459) (256) (665) 1,568 (950) (22) 596 S 1.28 s 1.25 $ 88.265 17.619 7.233 16.085 2.432 167 131.801 4.186 100 (484) 90 (294) 3,892 (1.425) (96) 2.371 5.01 4.90 (167) 37 (241) S (0.52) S (0.52) $ $ $ 462 462 467 477 474 484 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY fin millions) Ce Stack Adil Total Tre Pin Cup Retard Stables Capital Incase 459 $ 5 $ (1.837) S 9.573 S (185) 2,190 S 9,746 (241) (241) (326) 6 2 6 6 1 1.510 1,510 44 11.135 465 (1.837) (SID) 1.9.99 396 Balance as of January 1, 2014 Nel loss Other comprehensive income clos) Exercise of common stock options Excess tax benetits from stock-based Copa Stock-based compensation and issuance of employee best plan slock Isance or common stock Reacy activity Halance as of December 31, 2014 Net income Other comprehensive income out) Exercise of common stock options Excess lax benefits from stock-based compensation Stock-based compensation and instance of employee beplan stock Issuance of common stock for acquisition activity Balance as of December 31, 2015 Net income Other comprehensive income (loss) Exercise of mon stock options Excess tax benetits from stock-based 44 10,741 596 1212) 4 12121 4 119 119 2.131 2.131 5 13.394 471 (1.837) 1723) S 13.384 2.371 (262) 1 2.371 (262) 1 1 829 829 Stock-based compensation and issuance of employee benefit plan stock Halance as of December 31, 2016 2.962 SS (1.837) S 17.186 S 2.962 19.285 477 198575 4.916 5 See accompanying notes to cowolidated financial statements. Wal-Mart Stores, Inc. Consolidated Balance Sheets 2017 ASSETS Current se Cahan 5624 $ 4,067 5,835 43,046 1.941 14 00239 17058 179,412 171.7821 107,710 11011 Inventores Prepade do Total current sets Property and equipment Property and Les accumulated deprecation Property and coupon.net Property rides capelle and financing in Popeyecapitale dancing lessandro Property under dig Goode Other sets and deferred charges Total assets 11,517 15.1601 6,468 17.037 9,921 $198.825 6.343 165 5193 LIABIUTIES AND EQUITY Current Active S 2.0 Accounts payable Accedi $1,000 41,433 20,654 921 2,256 565 66.928 19.00 521 25 og om det due with one year Capital case and financingolations due within one year Total current liabilities longtem capitales and trancing batin Deformed income taxes and other 36,015 6,003 9,344 311 TAS Equity Commons Capital caso Resanetan Accumulated other comprehensive Total Walmart shareholders' equity Morredeemable no controlling test Total equity Total liabilities and equity 305 2,371 89,354 114.2121 77,798 2,737 0,535 $198.825 805 3.000 BOT! 5198581 Wal-Mart Stores, Inc. Consolidated Statements of Cash Flow Firsday 2017 $14,203 $15.000 $12.00 16,814 Cashflows from operating activities Condi.com Income from discontinued operations not of income como tom corting operations Adustments to reconcile income from cording operations provided by operating Deereditar anisereticson Defend com Other operating activities Changes incent and one of efects of acoustions 10,00 761 9454 15721 1410 017 ISDE 785 (191 17 1569 14021 1,021 3,942 1,137 2878 Accredite 1,303 1 31.510 20504 (11 6 12 570 571 (10,6191 456 662 11,9011 12,4631 11221 (11,971 106751 21.151 11.6731 Cash flows from investing activities Payments for property and me Proxeeds from the of property and up Proceeds from the discount Purchase of who we artis investment and business acting net of cathed Other resting Medihed in resting activities Cash flows from financing activities: Net change in short term borowings Proceeds from swance of notende Payments along Game Didends past Purchase of Company stock Didendapat konge Puchose of noncong Other trading activities Nec cathodistracing activos Effect of exchange rates on cash and cheques Met dere in cash and cash Cash and an equals beginning of Cash and chechas end of year 173 39 14432 6204 5174 200 12,0551 16,2161 18,2901 19791 0001 (1015 17190 1255 15131 118 9291 (1507 15141 14521 11,8381 5,705 1554 SD $4135 Supplemental disclosure of cash flow information come espald Interestpold 2111 4,507 2,351 2100 2453 Wal-Mart Stores, Inc. Consolidated Statement of Comprehensive Income Fiscal Years Endert landary1 (Amounts millors 2017 2016 2015 Consolidated net income $14,293 $15,080 $17099 Less consolidated net income attributable to monredeemable noncontrolling interest (650) (380) 736 Consolidated net income attributable to Walmart 13,643 16.363 Other comprehensive income (los), net of income taxes Currency translation and other 12,882) (5,2201) (4558) Net investment hedges 413 366 379 Cash flow hedges 21 (202) (470) Minimum pension ability (3971 86 Other comprehensive income (loss), net of income taxes 12,845) 44,970) (4.718 Less other comprehensive income foss) attributable to nonredeemable no controlling Interest 210 541 546 Other comprehensive income (loss) attributable to Walmart 12,6351 14,172) Comprehensive income, net of income taxes 11,448 10,110 12391 Less comprehensive income foss) attributable to nonredeemable noncontrolling interest (4401 155 (1901 Comprehensive income attributable to Walmart $11,008 $10,265 $12,191 See accompanying Wal-Mart Stores, Inc. Consolidated Statement of Income Fiscal Years Ended uy 31 2017 2016 2015 $481,317 4.556 485,873 $478614 3516 482,130 $482.79 3422 485,651 361,256 101,853 22,764 360.994 97041 24,105 365,086 93,418 2,044 323 (100) 2.267 20,497 6,204 14.293 2027 521 (81) 2467 21,638 6 558 15.080 2,161 300 (1131 2.348 (Amounts in ons except per shoe 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: Capital lease and financing obligations interest income Interest, net 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 to Walmart Basic net income per common share: Basic income per common share from continuing operations attributable to Walmart Basic income per common share from discontinued operations attributable to Walmart Basic net income per common share attributable to Walmart Diluted net income per common share: Diluted income per common share from convinuing operations attributable to Walmart Diluted in come per common share from discontinued operations at butable to Walmart Diluted net income per common share attributable to Walmart Weighted average common shares outstanding: Basic Diluted Dividends declared per common share 7.985 16,814 285 17009 (736) $ 16,363 14,293 (650) $ 13.643 15.080 1386) $ 14694 $ 4.40 4.58 $ 5:01 0.06 $ 4.40 4.58 5.07 $ 4.38 $ 4.57 $ 4.99 0.06 $ 4.38 9 457 $ 505 3,101 3,112 2.00 3.207 3.217 3,230 3.243 $ $ 1.96 3 1.92 See on paranes Wal-Mart Stores, Inc. Consolidated Statements of Shareholders' Equity and Redeemaole Noncontrolling Interest Common Stock Excel Shoes Amount Pau 3.233 $323 $2,362 Nontroling Normale Monitoring Ines Accumbed Cather Womat Copiese Swedders Equity $ 2,996) $76255 16363 Retaine Earning $76566 16363 Total Fouty $81,330 $5,084 $ 1491 735 - - 1 14.172) 4.177) (546) (4.718) 16.185) 1950) (13) 16.185) 1980) (6.185) 1980) 11 B 129 (731) 3.223 323 2,462 (17) 85.777 14694 17.168) 113 81,391 14694 4543 386 1616) 85,937 15.080 -- - (4429) (541) (4.970) - Balances as of February 1, 2014 Consolidated net income Other comprehensive loss net of income taxes Cash dividends dedared ($1.92 per share Purchase of Company stock Purchase of redeemable noncontrolling interest Other Balances as of January 31, 2015 Consolidated net income Other comprehensive loss net of income taxes Cash dividends dedared ($196 per share) Purchase of Company stock Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2016 Consolidated net income Other comprehensive loss, net of income taxes Cash dividends declared {$2.00 per sharel Purchase of Company stock Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2017 16.294) (4.256) 16.24) 14.145) 16.294 256 (65) 16 (102) (691) (632) 11) (555) (8) 1691) (1,195 83,611 14,293 3,162 317 1 805 (11,597) (563) 80,546 13,643 90,021 13,643 3,065 650 - - - - (2,635) (2,635) (210) (2,845) (6,216) (8,090) 16,216) 8,276) (120) (12) (6,216) (8,276) (174) 740 736 (519) (249) $2.737 (519) 487 $80,535 11 3,048 $305 $2,371 $89,354 $(14,232) $77,798 $ See accompanying notes AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) Year Ended December 31 2014 2015 (241) $ 596 S 2016 2.371 $(49) (325) (210) (279) Net income (loss) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(3), S10, and Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of $1. $(5), and S(12) Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of S(1), SO, and SO Net unrealized gains (losses) on available-for-sale securities Total other comprehensive income (loss) Comprehensive income (loss) 2 (7) 9 8 (3) (1) (326) (567) S 5 (2) (212) 384 S 17 (262) 2.109 See accompanying notes to consolidated financial statements. AMAZON.COM, INC CONSOLIDATED BALANCE SHEETS in millions except per share data) December 31 2015 ASSETS 15.890 3.918 10,243 5,654 35.705 21,818 19.334 6.647 11,461 8319 45.781 29,114 3.750 3.784 3.445 64.747 S 4.723 83,402 20.397 5 10,372 Current asses: Cash and cash quivalents Marketable securities Inventories Accounts receivable, net and other Totalcument assets Property and equipment, net Goodwill Other assets Toalets S LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable S Accrued expenses and other neamed revenue Total current liabilities Long-term dele Other long-lcem liabilities Commitments and contingencies (Note 7) Stockholders' cquity Preferred stock, 0.01 par value: Authorized stures --- 500 Issued and outstanding shares-none Common stock, 30.01 par value Authorized shares - 5,000 Issued shares - 494 and 500 Outstanding shares-471 and 477 Treasury stock, al cost Additional paid in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes to consolidated financial statements 25,109 13.739 4.768 43.816 7.694 12.607 33,887 8.22 9,249 5 (1.837) 13.194 5 (1.837 17,186 1985) 4,916 19.285 83,402 2.545 13,384 64.747 Year End December 31 2014 2015 8,658 14,357 $ 20116 15.890 596 2.371 4.746 1497 129 59 (316) (6) 6.281 2.119 153 250 81 (119) 8.116 2.975 160 (20) (246) (829) (1.193) (1,039) 1.759 706 (2.187) (1.755) 4.294 913 7.401 (6,109) 11.920 (3.367) 5.00 1.734 11.931 (9.976) 16,443 (3.692) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING ACTIVITIES Net income Adjustments to reconcile net income (loss) to net cash from operating activities: Depreciation of property and equipment, including internal-use software and website development, and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Other expense (income).net Deferred income taxes Excess tax benefits from stock-based compensation Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Additions to uncanned revenue Amortization of previously uneamed reveme Net cash prwided by used in operating activities INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, not Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by used in investing activities HNANCING ACTIVITIES Excess tax benefits from stock-based compensation Proceeds from long-term deht and other Repayments of long-term deht and other Principal repayments of capital lease obligatives Principal repayments of finance lease obligations Net cash provided by (used in financing activities Foreign curreacy effect on cash and cash equivalents Net increase (decrease in cash and cash equivalents CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance case obligaties Cash paid for income taxes, not of refunds Property and equipment acquired under capital leases Property and cquipment acquired under build-to-suit leases (4.893) (979) 3,349 (2.542) (5.065) (4.589) (795) 3,025 (4.091) (6 450) (6,737) (116) 4.733 (7.756 (9.876) 119 353 621 6 6.359 (513) (1.285) (135) (2.462) (121) (3.763) (374) (3.860) (147) (2.911 (212) (310) 5.899 14,3575 15.890S 19,344 91 $ 86 172 4,08 920 325 153 273 4.717 5.44 290 2016 412 5,704 1.209 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Year Ended December 31, 2014 2015 70,080 79.268 $ 18.908 27.738 88.988 107,006 2016 94,665 41.322 135.987 Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Other operating expense, net Total operating expenses Operating income Interest income Interest expense Other income (expense), het Total non-operating income (expense) Income (loss) before income taxes Provision for income taxes Equity-method investment activity, net of tax Net income (loss) Basic earnings per share Diluted earnings per share Weighted average shares used in computation of earnings per share: Basic Diluted 62.752 10.766 4,332 9.275 1,552 133 88.810 178 39 (210) (118) (289) 71.651 13.410 5,254 12.540 1.747 171 104.773 2.233 50 (459) (256) (665) 1,568 (950) (22) 596 S 1.28 s 1.25 $ 88.265 17.619 7.233 16.085 2.432 167 131.801 4.186 100 (484) 90 (294) 3,892 (1.425) (96) 2.371 5.01 4.90 (167) 37 (241) S (0.52) S (0.52) $ $ $ 462 462 467 477 474 484 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY fin millions) Ce Stack Adil Total Tre Pin Cup Retard Stables Capital Incase 459 $ 5 $ (1.837) S 9.573 S (185) 2,190 S 9,746 (241) (241) (326) 6 2 6 6 1 1.510 1,510 44 11.135 465 (1.837) (SID) 1.9.99 396 Balance as of January 1, 2014 Nel loss Other comprehensive income clos) Exercise of common stock options Excess tax benetits from stock-based Copa Stock-based compensation and issuance of employee best plan slock Isance or common stock Reacy activity Halance as of December 31, 2014 Net income Other comprehensive income out) Exercise of common stock options Excess lax benefits from stock-based compensation Stock-based compensation and instance of employee beplan stock Issuance of common stock for acquisition activity Balance as of December 31, 2015 Net income Other comprehensive income (loss) Exercise of mon stock options Excess tax benetits from stock-based 44 10,741 596 1212) 4 12121 4 119 119 2.131 2.131 5 13.394 471 (1.837) 1723) S 13.384 2.371 (262) 1 2.371 (262) 1 1 829 829 Stock-based compensation and issuance of employee benefit plan stock Halance as of December 31, 2016 2.962 SS (1.837) S 17.186 S 2.962 19.285 477 198575 4.916 5 See accompanying notes to cowolidated financial statements. Wal-Mart Stores, Inc. Consolidated Balance Sheets 2017 ASSETS Current se Cahan 5624 $ 4,067 5,835 43,046 1.941 14 00239 17058 179,412 171.7821 107,710 11011 Inventores Prepade do Total current sets Property and equipment Property and Les accumulated deprecation Property and coupon.net Property rides capelle and financing in Popeyecapitale dancing lessandro Property under dig Goode Other sets and deferred charges Total assets 11,517 15.1601 6,468 17.037 9,921 $198.825 6.343 165 5193 LIABIUTIES AND EQUITY Current Active S 2.0 Accounts payable Accedi $1,000 41,433 20,654 921 2,256 565 66.928 19.00 521 25 og om det due with one year Capital case and financingolations due within one year Total current liabilities longtem capitales and trancing batin Deformed income taxes and other 36,015 6,003 9,344 311 TAS Equity Commons Capital caso Resanetan Accumulated other comprehensive Total Walmart shareholders' equity Morredeemable no controlling test Total equity Total liabilities and equity 305 2,371 89,354 114.2121 77,798 2,737 0,535 $198.825 805 3.000 BOT! 5198581 Wal-Mart Stores, Inc. Consolidated Statements of Cash Flow Firsday 2017 $14,203 $15.000 $12.00 16,814 Cashflows from operating activities Condi.com Income from discontinued operations not of income como tom corting operations Adustments to reconcile income from cording operations provided by operating Deereditar anisereticson Defend com Other operating activities Changes incent and one of efects of acoustions 10,00 761 9454 15721 1410 017 ISDE 785 (191 17 1569 14021 1,021 3,942 1,137 2878 Accredite 1,303 1 31.510 20504 (11 6 12 570 571 (10,6191 456 662 11,9011 12,4631 11221 (11,971 106751 21.151 11.6731 Cash flows from investing activities Payments for property and me Proxeeds from the of property and up Proceeds from the discount Purchase of who we artis investment and business acting net of cathed Other resting Medihed in resting activities Cash flows from financing activities: Net change in short term borowings Proceeds from swance of notende Payments along Game Didends past Purchase of Company stock Didendapat konge Puchose of noncong Other trading activities Nec cathodistracing activos Effect of exchange rates on cash and cheques Met dere in cash and cash Cash and an equals beginning of Cash and chechas end of year 173 39 14432 6204 5174 200 12,0551 16,2161 18,2901 19791 0001 (1015 17190 1255 15131 118 9291 (1507 15141 14521 11,8381 5,705 1554 SD $4135 Supplemental disclosure of cash flow information come espald Interestpold 2111 4,507 2,351 2100 2453 Wal-Mart Stores, Inc. Consolidated Statement of Comprehensive Income Fiscal Years Endert landary1 (Amounts millors 2017 2016 2015 Consolidated net income $14,293 $15,080 $17099 Less consolidated net income attributable to monredeemable noncontrolling interest (650) (380) 736 Consolidated net income attributable to Walmart 13,643 16.363 Other comprehensive income (los), net of income taxes Currency translation and other 12,882) (5,2201) (4558) Net investment hedges 413 366 379 Cash flow hedges 21 (202) (470) Minimum pension ability (3971 86 Other comprehensive income (loss), net of income taxes 12,845) 44,970) (4.718 Less other comprehensive income foss) attributable to nonredeemable no controlling Interest 210 541 546 Other comprehensive income (loss) attributable to Walmart 12,6351 14,172) Comprehensive income, net of income taxes 11,448 10,110 12391 Less comprehensive income foss) attributable to nonredeemable noncontrolling interest (4401 155 (1901 Comprehensive income attributable to Walmart $11,008 $10,265 $12,191 See accompanying Wal-Mart Stores, Inc. Consolidated Statement of Income Fiscal Years Ended uy 31 2017 2016 2015 $481,317 4.556 485,873 $478614 3516 482,130 $482.79 3422 485,651 361,256 101,853 22,764 360.994 97041 24,105 365,086 93,418 2,044 323 (100) 2.267 20,497 6,204 14.293 2027 521 (81) 2467 21,638 6 558 15.080 2,161 300 (1131 2.348 (Amounts in ons except per shoe 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: Capital lease and financing obligations interest income Interest, net 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 to Walmart Basic net income per common share: Basic income per common share from continuing operations attributable to Walmart Basic income per common share from discontinued operations attributable to Walmart Basic net income per common share attributable to Walmart Diluted net income per common share: Diluted income per common share from convinuing operations attributable to Walmart Diluted in come per common share from discontinued operations at butable to Walmart Diluted net income per common share attributable to Walmart Weighted average common shares outstanding: Basic Diluted Dividends declared per common share 7.985 16,814 285 17009 (736) $ 16,363 14,293 (650) $ 13.643 15.080 1386) $ 14694 $ 4.40 4.58 $ 5:01 0.06 $ 4.40 4.58 5.07 $ 4.38 $ 4.57 $ 4.99 0.06 $ 4.38 9 457 $ 505 3,101 3,112 2.00 3.207 3.217 3,230 3.243 $ $ 1.96 3 1.92 See on paranes Wal-Mart Stores, Inc. Consolidated Statements of Shareholders' Equity and Redeemaole Noncontrolling Interest Common Stock Excel Shoes Amount Pau 3.233 $323 $2,362 Nontroling Normale Monitoring Ines Accumbed Cather Womat Copiese Swedders Equity $ 2,996) $76255 16363 Retaine Earning $76566 16363 Total Fouty $81,330 $5,084 $ 1491 735 - - 1 14.172) 4.177) (546) (4.718) 16.185) 1950) (13) 16.185) 1980) (6.185) 1980) 11 B 129 (731) 3.223 323 2,462 (17) 85.777 14694 17.168) 113 81,391 14694 4543 386 1616) 85,937 15.080 -- - (4429) (541) (4.970) - Balances as of February 1, 2014 Consolidated net income Other comprehensive loss net of income taxes Cash dividends dedared ($1.92 per share Purchase of Company stock Purchase of redeemable noncontrolling interest Other Balances as of January 31, 2015 Consolidated net income Other comprehensive loss net of income taxes Cash dividends dedared ($196 per share) Purchase of Company stock Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2016 Consolidated net income Other comprehensive loss, net of income taxes Cash dividends declared {$2.00 per sharel Purchase of Company stock Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2017 16.294) (4.256) 16.24) 14.145) 16.294 256 (65) 16 (102) (691) (632) 11) (555) (8) 1691) (1,195 83,611 14,293 3,162 317 1 805 (11,597) (563) 80,546 13,643 90,021 13,643 3,065 650 - - - - (2,635) (2,635) (210) (2,845) (6,216) (8,090) 16,216) 8,276) (120) (12) (6,216) (8,276) (174) 740 736 (519) (249) $2.737 (519) 487 $80,535 11 3,048 $305 $2,371 $89,354 $(14,232) $77,798 $ See accompanying notes