Question 5 of 5 (3) Gross profit rate for 2016. Gross profit rate Amazon.com % Wal-Mart Stores % (4) Operating income for 2016. (Enter amounts in millions.) Operating income (000's) Amazon.com Wal-Mart Stores $ (5) Percentage change in operating income from 2015 to 2016. (Show decrea e.g. (15.2%) Percent change in operating income Amazon.com Wal-Mart Stores % e Textbook and Media Profit margin Amazon.com 35.09 % Wal-Mart Stores % (2) Gross profit for 2016. (Enter amounts in millions.) Gross profit Amazon.com $ 47,722 Wal-Mart Stores $ (3) Gross profit rate for 2016. Gross profit rate Amazon.com %6 Wal-Mart Stores % (4) Operating income for 2016. (Enter amounts in millions.) Operating income (000's) mes 20,397 $ 10.372 3.118 33.887 8.227 9.249 25,309 13.739 4.768 43.816 7.694 12.607 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, 30.01 par value: 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 5 (1.837) 13,394 (723) 2,545 13,384 64.747 S 5 (1.837) 17.186 (985) 4,916 19,285 83.402 o AM 2014 70,080 S 18,908 88.988 79,268 S 27,738 107.006 2016 e 94,665 41.322 135.987 62.752 10.766 4,332 9.275 1.552 133 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), net Total non-operating income (expense) Income foss) 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 shures used in computation of earnings per share Basic Dit 88,810 178 39 (210) (118) (289) (111) (167) 37 (241) S (0.52) S (0.52) S 71,651 13,410 5.254 12.540 1.747 171 104.773 2,233 SO (459) (256) (665) 1,568 (950) (22) 5965 1.28 1.25S 88.265 17.619 7,233 16,085 2.432 167 131,801 4,186 Poo (484) 90 (294) 3,892 (1.425) (96) $ 2.371 5.01 4.90 $ 462 467 474 163 2 p Die XUAL Vie 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: 20,397 $ 10,372 3,118 33.887 8,227 9,249 25.309 13,739 4,768 43,816 7,694 12,607 2014 8.655 S 2015 143575 15.20 (241) 596 2.371 4,746 1.497 3.116 6.281 2,119 155 250 81 (119) 2.975 160 (20 (346) 59 (316) (6) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income dow) Adjustments to reconcile net income (ons) 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 ock-based compensation Changes in operating assets and liabilities Inventories Accounts receivable, et and other Accounts payable Accred expenses and other Additions to earned revenue Amortization of previously oncamed revenue Net cach provided by used in operating activities INVESTING ACTIVITIES Purchases of property and equipment, including internal sofware and website development, nel Acquisitions, net of cath acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by used in) investing activities FINANCING ACTIVITIES: Excess tax benefits from ock-based compensation Proceeds from long-term debt and other Hepayments of long-term debt and other Principal repayments of capital lease obligation Principal repayments of finance este obligations Net cash provided by used in financing activities (1.193) (1.019) 1.759 706 4,433 (2.187 (1.755) 4.294 903 TAI 16.109 11,920 (1436 (167) 5.000 1.724 1,931 19.971 16.43 6842 (4.93) (979) 19 (2.542 5.00) (4.819 (795) 1025 (4,091) 16.4503 16.737 (116) 4,733 (7.750 (9.8761 119 353 (1.653) 6399 513) (1.25) (135 39 621 354) 3. (147) 2,911) (121) 0.760) o AM 2014 70,080 S 18,908 88.988 79,268 S 27,738 107.006 2016 e 94,665 41.322 135.987 62.752 10.766 4,332 9.275 1.552 133 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), net Total non-operating income (expense) Income foss) 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 shures used in computation of earnings per share Basic Dit 88,810 178 39 (210) (118) (289) (111) (167) 37 (241) S (0.52) S (0.52) S 71,651 13,410 5.254 12.540 1.747 171 104.773 2,233 SO (459) (256) (665) 1,568 (950) (22) 5965 1.28 1.25S 88.265 17.619 7,233 16,085 2.432 167 131,801 4,186 Poo (484) 90 (294) 3,892 (1.425) (96) $ 2.371 5.01 4.90 $ 462 467 474 163 2 p Die XUAL Vie Wal-Mart Stores, Inc. Consolidated Statement of Income Focal Year Ended try 31 2017 2016 2015 $481,317 4,556 485,873 $478.614 3.516 482130 5482.729 3.422 485651 361,256 101,853 22,764 360.984 97.041 24,105 365,086 93.418 274142 Amountsin millions except per sharedo 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 Basie net income per common share attributable to Walmart Diluted net income per common shares Diuted income per common share from continuing operations stributable to Walmart Duted 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 2,044 323 (100) 2,267 20,497 6,204 14,293 2,027 521 (81) 2.467 21638 6.558 15.080 2,161 300 (113) 2,348 24,799 7.985 16,814 285 17,099 (736) $ 16,363 14,293 1650) $ 13,643 15.080 (386) $ 14,694 $ 4.40 $ 458 5 5.01 0.06 $ 5.07 $ 4.40 $ 4.58 $ 4.38 S 457 $ 5 0.06 54 4.38 $ 457 5 3,101 3,112 2.00 3.207 3.217 1.96 3.230 3.243 5 1.92 $ $ $ 438 S 4.57 $ 4.99 0.06 $ 4.38 $ 4.57 S 5.05 Diluted income per common share from continuing operations attributable to Walmart Diluted income per common share from discontinued operations attributable to Walman Diluted net income per common share attributable to Walmart Weighted average common shares outstanding: Basic Diluted Dividends declared per common share See accomparing rates 3,101 3,112 $ 2.00 3.207 3,217 1.96 3,230 3.243 1.92 5 5 U Wal-Mart Stores, Inc. Consolidated Statement of Comprehensive Income Fiscal Years Ended January 31, Amountsin 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 14694 16363 Other comprehensive income (loss), net of income taxes Currency translation and other (2.882) 15.220 (4.5589 Net investment hedges 413 366 379 Cash flow hedges 21 (202) (470) Minimum pension liability (397) 86 (691 Other comprehensive income (loss), net of income taxes (2,845) (4970) (4.718) Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest 210 541 546 Other comprehensive Income (loss) attributable to Walmart (2,635) (4429) (4.172) Comprehensive income, net of income taxes 11.448 10110 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 See accompanying notes Wal-Mart Stores, Inc. Consolidated Balance Sheets As of January 31 Actuary 2017 201 D an $ 6,867 5,835 43,046 1.941 57,689 $8,705 5624 44.469 1441 60.239 01 Amounts in mod 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 case 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) 107.710 176,958 166,787 110,171 11.637 (5,169) 6,468 17.037 9.921 11.096 1451) 0.345 16:05 6,131 $199.581 11 5198,825 01 H1 $ 1,099 41,433 20,654 921 2.256 565 Sod 4 10/01 521 2,243 551 LIABILITIES AND EQUITY Current abilities: 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 Long term debt Long term capital tease and financing obligations Deferred income taves and other Commitments and contingencies Equity Comenon stock Caritancesco 66,928 61619 36,015 6,003 9,344 38.214 5816 7.221 ka 317 305 2171 a A E 2017 28. 2016 20 $14,293 $15.080 $ 17,099 (285) 16,814 14.293 15.080 10,080 761 206 9454 (672) 1410 9173 (503) D1 785 (402) 1,021 3,942 1,137 492 31,530 E1 (19) (703) 2008 1303 (472) 27.389 (569) (1.229) 2,678 1.249 166 28564 (Amounts in million Cash flows from operating activities: Consolidated net income Income from discontinued operations, net of income toes 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 Cash flows from investing activities: Payments for property and equipment Proceeds from the disposal of property and equipment 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 (1147 635 246 (12.174 570 0-1 (10,619) 456 662 (1,901 (2.463) (122) (13,987) H 079 (106750 (192) (11.125) 11 J-1 (1,673) 137 (2,055) (6,216) (8.298) (479) 190) (255) (18,929) 1.235 39 (4432) 16.294) (4,112) (719) 11,326) 1513) (16,122) 16.2881 5.174 904) 16.) 11015 1600 11.844 K-1 05.070) imals CAN