ocessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices and respectiv (a) At December 31, 2015, what was Amazon's largest Current liability account? What were its total current abilities? At January 31, 2016, what was Wal-Mart's largest current ability account? were its total current liabilities? Amazon Wal-Mart Largest current liability million milion Total current liabilities million dy million Click if you would like to show Work for this question: On Show Work LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATE SUBMIT ANSWER Year Ended December 31 2015 2014 14,557 S 8,658 $ 2013 8.084 596 (241) 274 3.253 1.134 6.281 2.119 155 5 245 81 (119) 4.746 1.497 129 (3) 62 (316) (6) 1 166 (156) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING ACTIVITIES Net income (loss) 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 (income), net Losses (gains) on sales of marketable securities, 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 unearned revenue Amortization of previously untamed revenue Net cash provided by used in operating activities INVESTING ACTIVITIES Purchases of property and equipment, including internal-use software and website development, nei Acquisitions, set of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by (used) investing activities (2,187) (1.755) 4.194 013 7.401 (6.109) 11.920 (1.193) (1.039) 1,759 705 4,433 (3.692) 6,842 (1.410) (846) 1.858 736 2.691 (919) (4.589) (795) 3.035 (4.001) (6.450) (312) 2.306 (5.00) (4.27) Year Ended December 31. 2014 2015 2013 78 394 (continued) FINANCING ACTIVITIES Excess tax benefits from stock-based compensation Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign-currency 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 lease obligations Cash paid for income taxes (net of refunds) Property and equipment acquired under capital leases Property and equipment acquired under build-to-suit leases 119 353 (1.652) (2.462) (121) (3,763) (374) 1.333 15.890 6 6,359 (513) (1,285) (135) (775) (5) (539) (86) $74 8,658 (310) 5.899 14,557 325$ 153 273 4,717 544 915 86 177 4,008 9.30 169 1.867 877 See accompanying notes to consolidated financial statements Year Ended December 31, 2015 2014 79,268 $ 70,080 $ 27,738 18.908 107,006 88.988 2013 60,903 13,549 74,452 54,181 8,585 3.133 6,565 1.129 Net product sales Net service sales Total net sales Operating expenses (1) Cost of sales Fulfillment Marketing Technology and content General and administrative Other operating expense (income), net Total operating expenses Income from operations Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income (loss) before income taxes Provision for income taxes Equity-method investment activity, net of tax Net income (los) Basic earnings per share Diluted earnings per share Weighted average shares used in computation of earnings per share: Basic Diluted 71.651 13,410 5.254 12 540 1.747 171 104,773 2.233 SO (459) (256) (665) 1.568 62.752 10.766 4,332 9.275 1,552 133 88.810 178 39 (210) (118) (289) 73.707 745 38 (141) (136) (239) 506 (950) (161) $ $ $ (22) 5965 1.28 $ (167) 37 (141) $ (052) S (052) S 0.00 0.59 1.25 5 467 463 460 (1) Includes stock-based compensation as follows 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 (665) 1,568 (950) (22) 596 $ 1.28 $ 1.25 $ (289) (111) (167) 37 (241) S (0.52) $ (0.52) $ (239) 506 (161) (71) 274 0.60 0.59 $ 467 477 462 462 457 465 (1) Includes stock-based compensation as follows: Fulfillment Marketing Technology and content General and administrative 482 $ 190 1.224 223 375 S 125 804 193 294 88 603 149 See accompanying notes to consolidated financial statements. 2015 Year Ended December 31, 2014 596 $ (241) $ 2013 274 (210) (325) 63 Net income (loss) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of $10, S(3), and $(20) Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of $(5), $1, and $3 Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of $0, $(1), and $(1) Net unrealized gains (losses) on available-for-sale securities Total other comprehensive income (loss) Comprehensive income (loss) (7) 2 (10) 5 (2) (212) 384 $ (3) (1) (326) (567) $ (9) 54 $ 328 See accompanying notes to consolidated financial statements December 31. 2015 2014 $ 15,890 $ 3,918 10,243 6,423 36,474 21,838 3,759 3,373 65,444 $ 14,557 2.859 8,299 5,612 31,327 16,967 3319 2,892 54 SOS $ Current assets ASSETS Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other Uneamed revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity Preferred stock, 30.01 par value Authorized shares - 500 Issued and outstanding shares - none Common stock, 30.01 par value: Authorized shares -- 5,000 Issued shares-494 and 488 Outstanding shares - 471 and 465 Treasury stock, al cost Additional paid-in capital 20,397 5 10,384 3,118 33899 8.235 9.926 16,459 9,807 1,823 28,089 8,265 7,410 13394 11,135 5 Authorized shares - 5,000 Issued shares - 494 and 488 Outstanding shares --- 471 and 465 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (1,837) 13,394 (723) 2,545 13,384 65,444 $ (1,837) 11,135 (511) 1,949 10,741 54,505 See accompanying notes to consolidated financial statements Commen Stock Retained Shares 454 $ Treasury Amount Stock 5 $ (1,837) $ Aculated Other Paidla Comprehrashe Capital Tarume (Law 8.347 $ (239) $ Total Stocks 1.916 $ 274 Tin 54 TIL IT 8,192 274 54 4 4 73 73 459 1,149 9,573 (1,837) (185) 2.190 (241) 1,149 9,746 (241) (326) (326) 2 2 Balance as of January 1, 2013 Net income Other comprehensive income (loss) Exercise of common stock options Excess tax benefits from stock based compensation Stock-based compensation and issuance of employee benefit plan stock Balance as of December 31, 2013 Net loss Other comprehensive income (los) Exercise of common stock options Excess tax benefits from stock-based compensation Stock-based compensation and issuance of employee benefit plan stock Issuance of common stock for acquisition activity Balance as of December 31, 2014 Net income Other comprehensive income (los) Exercise of common stock options Excess tax benefits from stock-based compensation Stock-based compensation and issuance of employee benefit plan stock Issuance of common stock for acquisition activity Balance as of December 31, 2015 1.al - 6 6 1,510 1,510 465 (1,837) 11,135 (511) 1,949 596 10,741 596 (212) 4 (212) 4 119 119 2.131 2,131 5 5 5$ (1,837) $ 13,394 $ (721) S 2,5455 471 $ See accompanying notes to consolidated financial statements Focal Year Ended lanuary 31, 2016 2015 2014 $478,614 3,516 482,130 $482229 3.02 185651 5473,076 3.218 476,2944 360,984 97,041 24,105 365,086 93.418 27.147 358,069 91,253 26,872 2,027 521 2,161 300 (113) 2.368 24799 2012 263 119 2,216 2.467 21,638 24656 Amounts in million cpt per share data Revenues: Net als Membership and other income 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 Income from continuing operations before income taxes Provision for income taxes Current Deferred Total provision for income taxes Income from continuing operations Income from discontinued operations, ne of income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Basic net income per common shares 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 shares Duted income per common share from continuing operations butable to Womat Diluted income per common share from discontinued operations arbustle to Walmart Diluted net income per common share attributable to Walmart Weighted average common shares outstanding Duted Dividends declared per common share See more 7,584 11.026 6,558 8501 6519) 7.985 16814 285 17,099 15.080 8.619 1510 8,105 16.551 144 16,695 0673 $ 16,022 15.080 (386) 016 $ 14,694 $ 16,363 $ 4.58 5 5 487 003 501 006 50V $ 4.58 $ $ $ 4.57 $ $ 4.99 0.06 485 000 $ 457 $ 505 5 20 1207 2217 1.96 $ $ 5 CLOSE Fiscal Years Ended January 31, 2016 2015 2014 $15,080 $17,099 $16,695 (386) (736) (606) (67) 14,694 16,363 16,022 (Amounts in millions) Consolidated net income Less consolidated net income attributable to nonredeemable noncontrolling interest Less consolidated net income attributable to redeemable noncontrolling interest Consolidated net income attributable to Walmart Other comprehensive income (loss), net of income taxes Currency translation and other Net investment hedges Cash flow hedges Minimum pension liability Other comprehensive income (loss), net of income taxes Less other comprehensive income (loss attributable to nonredeemable noncontrolling interest Less other comprehensive income clos) attributable to redeemable non controlling interest Other comprehensive income (loss) attributable to Walmart Comprehensive income, net of income taxes Less comprehensive income doss) attributable to nonredeemable non controlling interest Less comprehensive income (loss) attributable to redeemable noncontrolling interest Comprehensive income attributable to Walmart See accompanying notes (5,220) 366 (202) 86 (4.558) 379 (470) (69) (4.718) 546 (4,970) 541 3,221) 75 207 153 2,786 311 66 (2,409) 13.909 (295) (4,429) 10,110 155 (4.172) 12.381 (190) $10,265 $12.191 $13.613 Consolidated Balance Sheets Fiscal Year Ended lanuary 2016 2015 $ 8,705 5,624 44,469 1,441 60,239 $ 9,135 6778 45,141 2.224 62278 Amounts in monu ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment: Property and equipment 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 176,958 (66.787) 110,171 177395 (63.115) 114.280 5.239 2,850 11,096 (4,751) 6,345 16,695 6,131 $199,581 18102 5455 5203.490 5592 38410 19.152 LIABILITIES AND EQUITY Current liabilities Short-term borrowings Accounts payable Accrued abilities Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities $ 2,700 38,487 19,607 521 2,745 551 64,619 09 38,214 5,816 7121 RDS CO Long-term debt Long-term capital lease and financing obligations Defend income taxes and other itemidenopolice Consolidated Statements of Shareholders' Equity and Redeemable Noncontrolling Interest Acumulated Total Other Want Comprehensive Shareholders Equity $ 587 $ 76,343 16.022 Norwerbe Norcooling Equity 55.395 581738 595 16617 $72.978 16,022 $ $19 78 - 12.409 (2409 (311) (2,720) (66) 6,139 157 16.254 16,139) (6557 16,139 16557 (1,019) 14 76.255 16.363 1019 6599 1491 76.566 16.363 0.996 (1019 (581) 81,339 17.099 5,084 736 Common stod mounts in mind Shares Amountar Balances as of February 1, 2013 3314 $332 $3.620 Consolidated net income Other comprehensive income net of income taxes Cash dividends declared (51 88 per share) Purchase of Company stock 19 Redemption value adjustment of redeemable noncontrolling interest (1.019) Other 6 55 Balances as of January 31, 2014 3233 323 2,362 Consolidated net income Other comprehensive loss, net of income taxes - - Cash dividends declared (51.92 per share) Purchase of Company stock (13) (29) Purchase of redeemable noncontrolling interest Othel 8 1 129 Balances as of January 31, 2015 3,228 323 2,462 Consolidated net income Other comprehensive income net of income taxes Cash dividends declared 151.96 per sharel Purchase of Company stock (65) (6) (102) Cash dividend declared to noncontrolling interest -- 1 14.172) 14,172) (545) 14718 el 16,185) (950) 161857 1980) - 85,777 14,694 (7,168) 113 81,194 14,694 4,543 386 1618) 85.937 15,080 14,4291 - (541) 14.970 16,294) (6,294) (4.148) 1691) 18 CLOSE noncontrolling interest Other Balances as of January 31, 2016 See accompanying notes (1) 3,162 (555) $317 $1,805 (8) 590,021 (691) (632) $3,065 (563) $80,546 (691) (1,195) $83,611 $(11,597) Consolidated Statements of Cash Flows Facadas Ended nary 2016 2015 2014 $ 15,080 $ 17,099 $ 16,695 15,080 16,814 16551 Amountsin millions Cash flows from operating activities: Consolidated net income Income from discontinued operations, net of income taxes Income from continuing operations 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 abilities, net of effects of acquisitions Receivables, net Inventories Accounts payable Accrued abilities Accrued income taxes Net cash provided by operating activities 8.870 9.454 1672) 1410 9,173 (503) 785 (1.667 2678 (19) (703) 2,008 1.103 (472) 27.389 166 50 Cash flows from investing activities: Payments for property and equipment Proceeds from disposal of property and equipment Proceeds from disposal of certain operations Other investing activities Net cash used in investing activities 246 (10,675) Cash flows from financing activities (472) 27,389 166 28.564 (1,224) 23.257 (11,477) 635 (13,115) 727 246 (79) (12,174 570 671 (192) (11,125) (138) (12,525 (10,675) Net cash provided by operating activities Cash flows from investing activities: Payments for property and equipment Proceeds from disposal of property and equipment Proceeds from disposal of certain operations Other investing activities Net cash used in investing activities Cash flows from financing activities: Net change in short-term borrowings Proceeds from issuance of long-term debt Payments of long-term debt Dividends paid Purchase of Company stock Dividends paid to noncontrolling interest Purchase of noncontrolling interest Other financing activities Net cash used in financing activities 1.235 39 (4,432) 16,294) (4,112) (719) (1,326) (513) (16,122) 16.288) 5.174 3.900 16,185 (1015) 911 7072 14.968 161391 16683 (15.071 1514 (1.022) 1430 9,135 5705 Effect of exchange rates on cash and cash equivalents Net increase (decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of period Supplemental disclosure of cash flow information: Income taxes paid Interest paid 2.540