please answer 12.3 a and b
Attached is both appendix for Walmart and Amazon thats why theres so many picture.
Please do Asap thank you so much
CT12.3 Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions a. Based on the information contained in these financial statements, compute free cash flow for each company for the most recent year provided b. What conclusions concerning the management of cash can be drawn from these data? Real-World Focus 2016 15.890 2,371 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 8,658 5 14,557 $ OPERATING ACTIVITIES: Net income (loss) (241) 596 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 4.746 6.281 Stock-based compensation 1.497 2.119 Other operating expense, net 129 155 Other expense (income), net 59 250 Deferred income taxes (316) 81 Excess tax benefits from stock-based compensation (6) (119) Changes in operating assets and liabilities: Inventories (1.193) (2.187) Accounts receivable, net and other (1,039) (1.755) Accounts payable 1.759 Accrued expenses and other 706 913 Additions to unearned revenue 4.433 7.401 Amortization of previously uncamed revenue (3,692) (6.109) Net cash provided by (used in) operating activities 6.842 11.920 INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, nei (4.893) (4.589) Acquisitions.net of cash acquired, and other (979) (795) Sales and maturities of marketable securities 3,349 3,025 Purchases of marketable securities (2.542) (4,091) Net cash provided by (used in) investing activities (5.065) (6.450) FINANCING ACTIVITIES: 8.116 2.975 160 (20) (246) (829) 4.294 (1.426) (3.367) 5,030 1.724 11.931 (9.976) 16,443 (6,737) (116) 4,733 (7,756) (9,876) 829 FINANCING ACTIVITIES: Excess tax benefits from stock-based compensation 6 Proceeds from long-term debt and other 6.159 Repayments of long term debt and other 513) Principal repayments of capital case obligations (1.285) Principal repayments of finance lense obligations (135) Net cash provided by used in financing activities 4.432 Foreign currency effect on cash and cash equivalents (310) Net increase (decrease in cash and cash equivalents 5.899 CASH AND CASH EQUIVALENTS, END OF PERIOD S 14.557 5 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest on long-term debt 915 Cash paid for interest on capital and finance lease obligation 86 Cash paid for income taxes, net of refunds 177 Property and equipment acquired under capital leases 4.00 Property and equipment acquired under build-to-suit lenses 920 Sce accompanying notes to consolidated financial statements, 119 353 (1.652) (2.462) (121) (3.763) (374) 1.333 15.990 $ (354) (3,860) (147) (2.911) (212) 3,444 19.334 325$ 153 273 4,717 544 290 206 412 5,704 1,209 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Net product sales Net service sales Total net sales Operating expenses 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 A1 S 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), net 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) (111) (167) 37 (241) $ (0.52) $ (0.52) $ 71,651 13,410 5.254 12.540 1.747 171 104.773 2.233 SO (459) (256) (665) 1.568 (950) (22) 596 1.28 $ 1.255 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 $ $ $ 462 474 467 477 462 484 See accompanying notes to consolidated financial statements. See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) 2016 2,371 (279) 8 Year Ended December 31, 2014 2015 Net income (Loss) (241) $ 596 $ Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(3), $10, and $(49) (325) (210) Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of $1. S(5), and $(12) 2 (7) Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of S(1). So, and $0 (3) 5 Net unrealized gains (losses) on available-for-sale securities (1) (2) Total other comprehensive income (loss) (326) (212) Comprehensive income (loss) (567) $ 384 $ See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) 17 (262) 2.109 19494799/cf/6/781/4/2/4/14/200:9,78 = December 31, 2016 2015 15.890 $ 3,918 10,243 5,654 35,705 21,838 3.759 3.445 64,747 $ 19.334 6,647 11,461 8,339 45,781 29.114 3.784 4,723 83,402 ASSETS Current 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 Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, S0.01 par value: 25,309 13.739 4,768 20,397 $ 10,372 3.118 33.887 8,227 9.249 43.816 7,694 12.607 00 Aa 10 e Authorized shares - 500 Issued and outstanding shares -- none Common stock, $0.01 par value: Authorized shares - 5,000 Issued shares - 494 and 500 Outstanding shares - 471 and 477 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity S (1.837) 13,394 (723) 2,545 13,384 64,747 (1.837) 17.186 (985) 4,916 19,285 83,402 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (in millions) Common Stock Additional Treasury Paid In Amount Stock Capital 5 $ (1.837) $ 9,573 Accumulated Other Total Comprehensive Retained Stockholders' Income (Loss) Earnings Equity (185) $ 2.190 $ 9,746 Shares 459 $ Balance as of January 1, 2014 (1) * 9494799/ct/6/78/4/2/4/18/2@0:24.5 (241) (241) (326) (326) 2 2 6 6 1,510 1.510 1 44 465 5 (1,837) 11,135 (511) 1,949 596 10.741 596 (212) 4 (212) 4 Net loss 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 Issuance of common stock for acquisition activity Balance as of December 31, 2014 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 Issuance of common stock for acquisition activity Balance as of December 31, 2015 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 | 119 119 2,131 - 2.131 1 5 471 5 (1.837) 13,394 (723) 2,545 2,371 13,384 2,371 (262) (262) 6 1 829 829 2.962 2.96 e https X BMG X * ES 44 44 465 5 (1.837) 11,135 (511) 1.949 10,741 596 596 11 (212) (212) 4 1101 6 4 119 119 - - - 2.131 2,131 1119494799/cfl/6/78/4/2/4/18/2@0:43.0 Issuance of common stock for acquisition activity Balance as of December 31, 2014 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 Issuance of common stock for acquisition activity Balance as of December 31, 2015 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, 2016 5 13,394 471 5 (1.837) (723) 2,545 2,371 5 13,384 2.371 (262) I (262) 1 6 1 1 TL 829 829 2,962 5 $ (1.837) $ 17,186 $. 2,962 19,285 477 $ (985) $ 4.916 $ See accompanying notes to consolidated financial statements. 1119494799/11/6/801/4/2/4/4/2000.00 * Wal-Mart Stores, Inc. Consolidated Statement of Income Fiscal Years Ended January 31, 2017 2016 2015 $481,317 4,556 485,873 $478,614 3,516 482,130 $482,229 3,422 485,651 361,256 101,853 22,764 360,984 97,041 24,105 365,086 93,418 27.147 (Amounts in millions except per share 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: Debt 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: 2,044 323 (100) 2,267 20,497 6,204 14,293 2,027 521 (81) 2,467 21,638 6,558 15.080 2,161 300 (113) 2,348 24,799 7985 16,814 285 17.099 (736) $ 16,363 14,293 (650) $ 13,643 15,080 (386) $ 14,694 $ 4.40 5 4.58 $ 501 0.06 $5.07 $ 4.40 4.58 1. S C $ 4.38 $ 457 S 499 0.06 $ 5.05 $ 4.38 457 Diluted income per common share from continuing operations attributable to Walmart Diluted income per common share from discontinued operations attributable to Walmart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding: Basic Diluted Dividends declared per common share See accompanying notes 3,101 3,112 $ 2.00 3,207 3,217 1.96 3,230 3,243 1.92 $ Wal-Mart Stores, Inc. Consolidated Statement of Comprehensive Income Fiscal Years Ended January 31, (Amounts in millions 2017 2016 2015 Consolidated net income $14,293 $15,080 $17,099 Less consolidated net income attributable to nonredeemable noncontrolling interest (650) (386) (736) Consolidated net income attributable to Walmart 13,643 14,694 16,363 Other comprehensive income (loss), net of income taxes Currency translation and other (2,882) (5,220) (4,558) Net investment hedges 413 366 379 Cash flow hedges 21 (202) (470) Minimum pension liability (397) 86 (69) Other comprehensive income (loss), net of income taxes (2,845) (4.970) (4,718) Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest 210 541 546 Other comprehensive income (loss) attributable to Walmart (2,635) (4,429) (4.172) Comprehensive income, net of income taxes 11,448 10.110 12.381 Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest (440) 155 (190) Comprehensive income attributable to Walmart $11,008 $10,265 $12.191 9781119494799/cfi/6/801/4/2/4/12/2@0:0.345 #ES Wal-Mart Stores, Inc. Consolidated Balance Sheets As of January 31, 2017 2016 $ 6,867 5,835 43,046 1,941 57,689 $ 8.705 5,624 44,469 1.441 60,239 Amounts in milions) 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, pet 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 179,492 (71,782) 107,710 176,958 (66787) 110,171 11,637 (5,169) 6,468 17,037 9,921 $198,825 11,096 (4,751) 6,345 16,695 6,131 $199,581 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities $ 1,099 41,433 20,654 $ 2,708 38,487 19,607 do 521 921 2,256 565 2,745 551 64619 66,928 114 (12) ^ 36,015 6,003 9,344 38.214 5,816 7,321 Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities Long-term debt Long-term capital lease and financing obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Nonredeemable noncontrolling interest Total equity Total liabilities and equity 305 2,371 89,354 (14,232) 77,798 2,737 80,535 $198,825 317 1,805 90,021 (11.597 80,546 3,065 83,611 $199,581 Wal-Mart Stores, Inc. Consolidated Statements of Shareholders' Equity and Redeemaole Noncontrolling Interest a 11 (12) Petained Enig $76566 16.363 Accum Toor Other Walmart Nonredeemable Comprehensive Soldes Monconoting Equity Intel 5 2.996) $76,255 $5.084 16.363 736 Redeemable Tout Noncord Epity 581,339 $ 1491 17.099 1 14,1723 (4.172) (546) (4718) 16,185 (6.185) 1980) 16,185) 1980) - (1491) Cat Commonsta Excesso (Amountain Shas Amount P Valve Balances as of February 1, 2014 3,233 $323 $2362 Consolidated net income Other comprehensive loss net of income taxes Cash dividends declared 15192 per share) Purchase of Company stock (13) (0) (29) Purchase of redeemable noncontrolling interest Other 8 129 Balances as of January 31, 2015 3.228 323 2462 Consolidated net income Other comprehensive loss, net of income taxes Cash dividends declared 151.96 per share) Purchase of company stock 165) 16 (102 Cash dividend declared to noncontrolling interest (1) (555) Balances as of January 31, 2016 3,162 312 1,805 Consolidated net income (171 85.777 14,694 113 81,394 14694 (731) 4543 7,168 (618) 85,937 15.080 386 - - (4429) (4429) (541) (4.970) 1 1 16.294) (4148 (6290 (4256 (6.294 (4,250 Other ing (80 90,021 13,643 (691) (632) 3,065 650 1563 80,546 13,643 (691) 11.1957 83,611 14,293 (11.597) - (2,635) (2,635) (210) (2,845) (6,216) (8,090) (6,216) (8,276) 16,216) (8,276) (12) (174) Other comprehensive loss, net of income taxes Cash dividends declared ($2.00 per share) Purchase of Company stock (120) Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2017 3,048 See accompanying notes (519) 487 6 - 740 (4) $89,354 736 $77,798 (519) (249) $2,737 $305 $2.371 $(14,232) $80,535 S Wal-Mart Stores, Inc. Consolidated Statements of Cash Flow Fiscal Years Ended January 31, 2017 2016 2015 $14,293 $ 15,080 $ 17,099 (285) 16,814 14,293 15,080 Amount in milion 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 liabilities, net of effects of acquisitions: Receivables, net Inventones Accounts payable 10,080 761 206 9,454 1672) 1,410 92173 (503) 785 (402) 1,021 3,942 (19) (703) 2008 (569) (1.229) 2678 54 AM 2 71% Sun 8:40 PM Q Bookmarks Profiles Tab Window Help Com: X + Vitalt x MalX dom x Syllel X Wiley X BMOX PC-1 X Mpx PC-IX BMX 1,137 492 1,303 14723 27,389 1.249 166 31,530 28,564 (11477 635 246 (12.174) 570 671 (10,619) 456 662 (1,901) (2463) (122) (13,987) (79) (10675 (192) (11.125) books/8751119494799/11/6/B094/2/4/20/ 20:35.2 Accrued abilities Accrued income taxes Net cash provided by operating activities Cash flows from investing activities: th Payments for property and equipment Proceeds from the disposal of property and equipment (12) Proceeds from the disposal of certain operations Purchase of available for sale securities Investment and business acquisitions, net of cash acquired 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 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 fying Cash and cash equivalents at end of year (1.673) 137 (2,055) 16,216) (8.298) (479) (90) (255) (18,929) 1.235 39 (4432) (6.294) (4112 (719 (1.326) (513) (16.122) 16.288) 5.174 3.904) 16.185) (1,015) (600) 11,844) (409) (15.071) (1.022 (430) (452) (1,838) 8,705 $ 6,867 (5140 1,854 7.281 59,135 2.735 5.8.705 > Supplemental disclosure of cash flow information: A Supplemental disclosure of cash flow information: Income taxes paid Interest paid 4,507 2,351 8,111 2.540 8.169 2.433 See accompanying notes CT12.3 Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions a. Based on the information contained in these financial statements, compute free cash flow for each company for the most recent year provided b. What conclusions concerning the management of cash can be drawn from these data? Real-World Focus 2016 15.890 2,371 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 8,658 5 14,557 $ OPERATING ACTIVITIES: Net income (loss) (241) 596 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 4.746 6.281 Stock-based compensation 1.497 2.119 Other operating expense, net 129 155 Other expense (income), net 59 250 Deferred income taxes (316) 81 Excess tax benefits from stock-based compensation (6) (119) Changes in operating assets and liabilities: Inventories (1.193) (2.187) Accounts receivable, net and other (1,039) (1.755) Accounts payable 1.759 Accrued expenses and other 706 913 Additions to unearned revenue 4.433 7.401 Amortization of previously uncamed revenue (3,692) (6.109) Net cash provided by (used in) operating activities 6.842 11.920 INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, nei (4.893) (4.589) Acquisitions.net of cash acquired, and other (979) (795) Sales and maturities of marketable securities 3,349 3,025 Purchases of marketable securities (2.542) (4,091) Net cash provided by (used in) investing activities (5.065) (6.450) FINANCING ACTIVITIES: 8.116 2.975 160 (20) (246) (829) 4.294 (1.426) (3.367) 5,030 1.724 11.931 (9.976) 16,443 (6,737) (116) 4,733 (7,756) (9,876) 829 FINANCING ACTIVITIES: Excess tax benefits from stock-based compensation 6 Proceeds from long-term debt and other 6.159 Repayments of long term debt and other 513) Principal repayments of capital case obligations (1.285) Principal repayments of finance lense obligations (135) Net cash provided by used in financing activities 4.432 Foreign currency effect on cash and cash equivalents (310) Net increase (decrease in cash and cash equivalents 5.899 CASH AND CASH EQUIVALENTS, END OF PERIOD S 14.557 5 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest on long-term debt 915 Cash paid for interest on capital and finance lease obligation 86 Cash paid for income taxes, net of refunds 177 Property and equipment acquired under capital leases 4.00 Property and equipment acquired under build-to-suit lenses 920 Sce accompanying notes to consolidated financial statements, 119 353 (1.652) (2.462) (121) (3.763) (374) 1.333 15.990 $ (354) (3,860) (147) (2.911) (212) 3,444 19.334 325$ 153 273 4,717 544 290 206 412 5,704 1,209 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Net product sales Net service sales Total net sales Operating expenses 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 A1 S 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), net 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) (111) (167) 37 (241) $ (0.52) $ (0.52) $ 71,651 13,410 5.254 12.540 1.747 171 104.773 2.233 SO (459) (256) (665) 1.568 (950) (22) 596 1.28 $ 1.255 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 $ $ $ 462 474 467 477 462 484 See accompanying notes to consolidated financial statements. See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) 2016 2,371 (279) 8 Year Ended December 31, 2014 2015 Net income (Loss) (241) $ 596 $ Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of S(3), $10, and $(49) (325) (210) Net change in unrealized gains (losses) on available-for-sale securities: Unrealized gains (losses), net of tax of $1. S(5), and $(12) 2 (7) Reclassification adjustment for losses (gains) included in "Other income (expense), net," net of tax of S(1). So, and $0 (3) 5 Net unrealized gains (losses) on available-for-sale securities (1) (2) Total other comprehensive income (loss) (326) (212) Comprehensive income (loss) (567) $ 384 $ See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) 17 (262) 2.109 19494799/cf/6/781/4/2/4/14/200:9,78 = December 31, 2016 2015 15.890 $ 3,918 10,243 5,654 35,705 21,838 3.759 3.445 64,747 $ 19.334 6,647 11,461 8,339 45,781 29.114 3.784 4,723 83,402 ASSETS Current 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 Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, S0.01 par value: 25,309 13.739 4,768 20,397 $ 10,372 3.118 33.887 8,227 9.249 43.816 7,694 12.607 00 Aa 10 e Authorized shares - 500 Issued and outstanding shares -- none Common stock, $0.01 par value: Authorized shares - 5,000 Issued shares - 494 and 500 Outstanding shares - 471 and 477 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity S (1.837) 13,394 (723) 2,545 13,384 64,747 (1.837) 17.186 (985) 4,916 19,285 83,402 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (in millions) Common Stock Additional Treasury Paid In Amount Stock Capital 5 $ (1.837) $ 9,573 Accumulated Other Total Comprehensive Retained Stockholders' Income (Loss) Earnings Equity (185) $ 2.190 $ 9,746 Shares 459 $ Balance as of January 1, 2014 (1) * 9494799/ct/6/78/4/2/4/18/2@0:24.5 (241) (241) (326) (326) 2 2 6 6 1,510 1.510 1 44 465 5 (1,837) 11,135 (511) 1,949 596 10.741 596 (212) 4 (212) 4 Net loss 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 Issuance of common stock for acquisition activity Balance as of December 31, 2014 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 Issuance of common stock for acquisition activity Balance as of December 31, 2015 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 | 119 119 2,131 - 2.131 1 5 471 5 (1.837) 13,394 (723) 2,545 2,371 13,384 2,371 (262) (262) 6 1 829 829 2.962 2.96 e https X BMG X * ES 44 44 465 5 (1.837) 11,135 (511) 1.949 10,741 596 596 11 (212) (212) 4 1101 6 4 119 119 - - - 2.131 2,131 1119494799/cfl/6/78/4/2/4/18/2@0:43.0 Issuance of common stock for acquisition activity Balance as of December 31, 2014 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 Issuance of common stock for acquisition activity Balance as of December 31, 2015 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, 2016 5 13,394 471 5 (1.837) (723) 2,545 2,371 5 13,384 2.371 (262) I (262) 1 6 1 1 TL 829 829 2,962 5 $ (1.837) $ 17,186 $. 2,962 19,285 477 $ (985) $ 4.916 $ See accompanying notes to consolidated financial statements. 1119494799/11/6/801/4/2/4/4/2000.00 * Wal-Mart Stores, Inc. Consolidated Statement of Income Fiscal Years Ended January 31, 2017 2016 2015 $481,317 4,556 485,873 $478,614 3,516 482,130 $482,229 3,422 485,651 361,256 101,853 22,764 360,984 97,041 24,105 365,086 93,418 27.147 (Amounts in millions except per share 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: Debt 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: 2,044 323 (100) 2,267 20,497 6,204 14,293 2,027 521 (81) 2,467 21,638 6,558 15.080 2,161 300 (113) 2,348 24,799 7985 16,814 285 17.099 (736) $ 16,363 14,293 (650) $ 13,643 15,080 (386) $ 14,694 $ 4.40 5 4.58 $ 501 0.06 $5.07 $ 4.40 4.58 1. S C $ 4.38 $ 457 S 499 0.06 $ 5.05 $ 4.38 457 Diluted income per common share from continuing operations attributable to Walmart Diluted income per common share from discontinued operations attributable to Walmart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding: Basic Diluted Dividends declared per common share See accompanying notes 3,101 3,112 $ 2.00 3,207 3,217 1.96 3,230 3,243 1.92 $ Wal-Mart Stores, Inc. Consolidated Statement of Comprehensive Income Fiscal Years Ended January 31, (Amounts in millions 2017 2016 2015 Consolidated net income $14,293 $15,080 $17,099 Less consolidated net income attributable to nonredeemable noncontrolling interest (650) (386) (736) Consolidated net income attributable to Walmart 13,643 14,694 16,363 Other comprehensive income (loss), net of income taxes Currency translation and other (2,882) (5,220) (4,558) Net investment hedges 413 366 379 Cash flow hedges 21 (202) (470) Minimum pension liability (397) 86 (69) Other comprehensive income (loss), net of income taxes (2,845) (4.970) (4,718) Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest 210 541 546 Other comprehensive income (loss) attributable to Walmart (2,635) (4,429) (4.172) Comprehensive income, net of income taxes 11,448 10.110 12.381 Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest (440) 155 (190) Comprehensive income attributable to Walmart $11,008 $10,265 $12.191 9781119494799/cfi/6/801/4/2/4/12/2@0:0.345 #ES Wal-Mart Stores, Inc. Consolidated Balance Sheets As of January 31, 2017 2016 $ 6,867 5,835 43,046 1,941 57,689 $ 8.705 5,624 44,469 1.441 60,239 Amounts in milions) 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, pet 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 179,492 (71,782) 107,710 176,958 (66787) 110,171 11,637 (5,169) 6,468 17,037 9,921 $198,825 11,096 (4,751) 6,345 16,695 6,131 $199,581 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities $ 1,099 41,433 20,654 $ 2,708 38,487 19,607 do 521 921 2,256 565 2,745 551 64619 66,928 114 (12) ^ 36,015 6,003 9,344 38.214 5,816 7,321 Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities Long-term debt Long-term capital lease and financing obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Nonredeemable noncontrolling interest Total equity Total liabilities and equity 305 2,371 89,354 (14,232) 77,798 2,737 80,535 $198,825 317 1,805 90,021 (11.597 80,546 3,065 83,611 $199,581 Wal-Mart Stores, Inc. Consolidated Statements of Shareholders' Equity and Redeemaole Noncontrolling Interest a 11 (12) Petained Enig $76566 16.363 Accum Toor Other Walmart Nonredeemable Comprehensive Soldes Monconoting Equity Intel 5 2.996) $76,255 $5.084 16.363 736 Redeemable Tout Noncord Epity 581,339 $ 1491 17.099 1 14,1723 (4.172) (546) (4718) 16,185 (6.185) 1980) 16,185) 1980) - (1491) Cat Commonsta Excesso (Amountain Shas Amount P Valve Balances as of February 1, 2014 3,233 $323 $2362 Consolidated net income Other comprehensive loss net of income taxes Cash dividends declared 15192 per share) Purchase of Company stock (13) (0) (29) Purchase of redeemable noncontrolling interest Other 8 129 Balances as of January 31, 2015 3.228 323 2462 Consolidated net income Other comprehensive loss, net of income taxes Cash dividends declared 151.96 per share) Purchase of company stock 165) 16 (102 Cash dividend declared to noncontrolling interest (1) (555) Balances as of January 31, 2016 3,162 312 1,805 Consolidated net income (171 85.777 14,694 113 81,394 14694 (731) 4543 7,168 (618) 85,937 15.080 386 - - (4429) (4429) (541) (4.970) 1 1 16.294) (4148 (6290 (4256 (6.294 (4,250 Other ing (80 90,021 13,643 (691) (632) 3,065 650 1563 80,546 13,643 (691) 11.1957 83,611 14,293 (11.597) - (2,635) (2,635) (210) (2,845) (6,216) (8,090) (6,216) (8,276) 16,216) (8,276) (12) (174) Other comprehensive loss, net of income taxes Cash dividends declared ($2.00 per share) Purchase of Company stock (120) Cash dividend declared to noncontrolling interest Other Balances as of January 31, 2017 3,048 See accompanying notes (519) 487 6 - 740 (4) $89,354 736 $77,798 (519) (249) $2,737 $305 $2.371 $(14,232) $80,535 S Wal-Mart Stores, Inc. Consolidated Statements of Cash Flow Fiscal Years Ended January 31, 2017 2016 2015 $14,293 $ 15,080 $ 17,099 (285) 16,814 14,293 15,080 Amount in milion 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 liabilities, net of effects of acquisitions: Receivables, net Inventones Accounts payable 10,080 761 206 9,454 1672) 1,410 92173 (503) 785 (402) 1,021 3,942 (19) (703) 2008 (569) (1.229) 2678 54 AM 2 71% Sun 8:40 PM Q Bookmarks Profiles Tab Window Help Com: X + Vitalt x MalX dom x Syllel X Wiley X BMOX PC-1 X Mpx PC-IX BMX 1,137 492 1,303 14723 27,389 1.249 166 31,530 28,564 (11477 635 246 (12.174) 570 671 (10,619) 456 662 (1,901) (2463) (122) (13,987) (79) (10675 (192) (11.125) books/8751119494799/11/6/B094/2/4/20/ 20:35.2 Accrued abilities Accrued income taxes Net cash provided by operating activities Cash flows from investing activities: th Payments for property and equipment Proceeds from the disposal of property and equipment (12) Proceeds from the disposal of certain operations Purchase of available for sale securities Investment and business acquisitions, net of cash acquired 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 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 fying Cash and cash equivalents at end of year (1.673) 137 (2,055) 16,216) (8.298) (479) (90) (255) (18,929) 1.235 39 (4432) (6.294) (4112 (719 (1.326) (513) (16.122) 16.288) 5.174 3.904) 16.185) (1,015) (600) 11,844) (409) (15.071) (1.022 (430) (452) (1,838) 8,705 $ 6,867 (5140 1,854 7.281 59,135 2.735 5.8.705 > Supplemental disclosure of cash flow information: A Supplemental disclosure of cash flow information: Income taxes paid Interest paid 4,507 2,351 8,111 2.540 8.169 2.433 See accompanying notes
