Walmart has 11,000 million shares authorized What percentage of authorized shares was issued by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016? (Round answers to 1 decimal place, e.g. 52.5%.) Amazon Wal-Mart Percentage of authorized shares issued % % How many shares are held as treasury stock by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016? (Enter answers in millions. If answer is zero, please enter for the amount. Do not leave any fields blank.) Amazon Wal-Mart Treasury shares million shares million shares How many Amazon common shares are outstanding at December 31, 2015? How many Wal- Mart shares of common stock are outstanding at January 31, 2016? (Enter answers in millions.) Amazon Wal-Mart Common stock shares outstanding million million What are the basic earnings per share for both Amazon and Wal-Mart as of December 31, 2015, and January 31, 2016, respectively? (Round answers to 2 decimal places, e.g. 15.25.) Amazon Wal-Mart Earnings per share $ What was the total amount of dividends, if any, paid by Amazon for the year ending December 31, 2015? What was the total dividends paid by Wal-Mart for the year ending January 31, 2016? (Enter answers in millions. Do not leave any field blank. If answer is zero, please enter O for the amount.) Amazon paid cash dividends $ millon Wal-Mart paid cash dividends millon 2013 8,084 596 274 3,253 1,134 114 1 166 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2015 2014 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 14,557 $ 8,658 $ OPERATING ACTIVITIES: Net income (loss) (241) 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 6,281 4,746 Stock-based compensation 2,119 1,497 Other operating expense (income), net 155 129 Losses (gains) on sales of marketable securities, net 5 (3) Other expense (income), net 245 62 Deferred income taxes 81 (316) Excess tax benefits from stock-based compensation (119) (6) Changes in operating assets and liabilities: Inventories (2.187) (1.193) Accounts receivable, net and other (1,755) (1,039) Accounts payable 4,294 1,759 Accrued expenses and other 913 706 Additions to unearned revenue 7,401 4,433 Amortization of previously unearned revenue (6.109) (3,692) Net cash provided by (used in) operating activities 11,920 6,842 INVESTING ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, net (4,589) (4,893) Acquisitions, net of cash acquired, and other (795) (979) Sales and maturities of marketable securities 3,025 3,349 Purchases of marketable securities (4,091) (2,542) Net cash provided by (used in investing activities (6.450) (5,065) (156) (78) (1,410) (846) 1,888 736 2,691 (2,292) 5,475 (3,444) (312) 2,306 (2.826) (4,276) 2013 119 78 AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2015 2014 (continued) FINANCING ACTIVITIES: Excess tax benefits from stock-based compensation Proceeds from long-term debt and other 353 6,359 Repayments of long-term debt and other (1,652) (513) Principal repayments of capital lease obligations (2.462) (1,285) Principal repayments of finance lease obligations (121) (135) Net cash provided by (used in) financing activities (3,763) 4,432 Foreign-currency effect on cash and cash equivalents (374) (310) Net increase (decrease) in cash and cash equivalents 1,333 5,899 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 15,890 $ 14,557 $ SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt $ 325 $ 91 $ Cash paid for interest on capital and finance lease obligations 153 86 Cash paid for income taxes (net of refunds) 273 177 Property and equipment acquired under capital leases 4,717 4,008 Property and equipment acquired under build-to-suit leases 544 920 394 (231) (775) (5) (539) (86) 574 8,658 97 41 169 1,867 877 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) $ 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 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 (loss) Basic earnings per share Diluted earnings per share Weighted-average shares used in computation of eamings per share: Basic Diluted 71,651 13,410 5,254 12,540 1,747 171 104,773 2,233 50 (459) (256) (665) 1,568 (950) (22) 596 $ 1.28 $ 1.25 $ 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) $ 54.181 8,585 3,133 6,565 1,129 114 73,707 745 38 (141) (136) (239) 506 (161) (71) 274 0.60 0.59 $ $ $ 467 462 457 465 477 462 (1) Includes stock-based compensation as follows: Fulfillment Marketing Technology and content General and administrative 482 $ 190 1,224 223 375 $ 125 804 193 294 88 603 149 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions) 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, $(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) 1 (9) 5 (2) (212) 384 $ (3) (1) (326) (567) $ 54 328 See accompanying notes to consolidated financial statements. AMAZON.COM, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share data) 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 3,319 2,892 54,505 $ $ 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 Uneamed revenue Total current liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, $0.01 par value: Authorized shares 500 Issued and outstanding shares none Common stock, $0.01 par value: Authorized shares 5,000 Issued shares 494 and 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 20,397 $ 10,384 3,118 33,899 8,235 9,926 16,459 9,807 1,823 28,089 8,265 7,410 5 (1,837) 13,394 (723) 2,545 13,384 65,444 $ 5 (1,837) 11,135 (511) 1,949 10,741 54,505 See accompanying notes to consolidated financial statements AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (in millions) Common Stock Accumulated Additional Other Treasury Paid-In Comprehensive Shares Amount Stock Capital Income (Loss) 454 $ 5 $ (1,837) $ 8,347 $ (239) $ Total Retained Stockholders' Earnings Equity 1,916 $ 8,192 274 274 54 54 5 4 73 73 1,149 9,573 459 5 (1,837) (185) 2,190 (241) 1,149 9,746 (241) (326) 2 (326) 6 2 6 6 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 (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 1,510 1,510 44 44 10,741 465 5 (1,837) 11,135 (511) 1,949 596 596 (212) (212) 4 6 4 119 119 2,131 2,131 5 5 471 $ 5 $ (1,837) $ 13,394 $ (723) $ 2,545 $ 13,384 See accompanying notes to consolidated financial statements. Consolidated Staternents of Income Fiscal ng Enelle.amsry 31, 2016 $1678614 31556 492130 $482,229 3,422 485,651 $473,076 3,218 476,294 360984 97.0001 24105 365,086 93,418 27,147 358,069 91,353 26,872 2002 811) ZAG 21.6 2,161 300 (113) 2,348 24,799 2,072 263 (119) 2,216 24,656 8,504 (519) 7,985 any il miliano, KIRev:whnewz 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: Current Deferred Total 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 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 Secoopping Malle 8,619 (514) 8,105 16,551 144 15,080 15.080 16,814 285 17,099 (736) $ 16,363 16,695 (673) $ 16,022 $ 16 $ 498 $ 5.01 0.06 $ 4.87 0.03 $ $ 5.07 $ 4.90 $ $ 4.99 0.06 4.85 0.03 $ 47 $ 5.05 $ 4.88 31207 3217 3,230 3,243 1.92 3,269 3,283 1.88 $ $ Consolidated Statements of Comprehensive Income Fiscal Yesus Emceed Jay 31, 2016 2015 2014 $15.08@ $17,099 $ 16,695 (736) (606) (67) 14694 16,363 16,022 65220 (Anaupts in alier) 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 (loss) attributable to redeemable noncontrolling interest Other comprehensive income (loss) attributable to Walmart Comprehensive income, net of income taxes Less comprehensive income (loss) attributable to nonredeemable noncontrolling interest Less comprehensive income (loss) attributable to redeemable noncontrolling interest Comprehensive income attributable to Walmart (2002) (4,558) 379 (470) (69) (4,718) 546 (3,221) 75 207 153 (4970) 541 (2,786) 311 66 (2,409) 10,116 (4,172) 12,381 (190) 13,909 (295) (1) $10.265 $12,191 $13,613 Spracramponding mais, Consolidated Balance Sheets Pad Yesus Endled.Iamuery 31, 2016 2015 Amount oculo $ $705 5,674 44,469 1,441 60729 $ 9,135 6,778 45,141 2,224 63,278 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 176958 (6678) 110171 177,395 (63,115) 114,280 11.0096 6345 16.695 6,131 5,239 (2,864) 2,375 18,102 5,455 $203,490 $ 2708 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities 19,607 $ 1592 38,410 19,152 1,021 4,791 287 65,253 2745 64619 Long-term debt Long-term capital lease and financing obligations Deferred income taxes and other 38 214 5,816 7321 40,889 2,606 8,805 Commitments and contingencies 317 1,8015 90,0721 (11,597) Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Total Walmart shareholders' equity Nonredeemable noncontrolling interest Total equity Total liabilities and equity 323 2,462 85,777 (7,168) 81,394 4,543 80,546 3065 83,611 $199,581 85,937 $203,490 SCOTC des Consolidated Statements of Shareholders Equity and Redeemable Noncontrolling Interest Narescence Mennonidling Medlemsdale Mensembling Palais Eaung $72,978 16,022 Acumulated Wanant Composive Shelles Incene Equity $ (587) $ 76,343 16,022 $ 5,395 595 Equity $ 81,738 16,617 $ 519 78 (2,409) (2409) (311) (2,720) (66) (6,139) (6,254) (6,139) (6,557) (6,139) (6,557) IT (1,019) (581) (41) 76,566 16,363 (1,019) 14 76,255 16,363 1,019 (59) 1,491 (595) 5,084 736 (2,996) 81,339 17,099 - - (4,172) (4,172) (546) (4,718) | Capid in Comen Slak lit iamiliarang Shares Mine Markeure Balances as of February 1, 2013 3,314 $332 $3,620 Consolidated net income Other comprehensive income, net of income taxes Cash dividends declared ($1.88 per share) Purchase of Company stock (87) (9) (294) Redemption value adjustment of redeemable noncontrolling interest (1,019) Other 6 55 Balances as of January 31, 2014 3,233 323 2,362 Consolidated net income Other comprehensive loss, net of income taxes Cash dividends declared ($1.92 per share) Purchase of Company stock (13) (1) (29) Purchase of redeemable noncontrolling interest Other 8 1 Balances as of January 31, 2015 78 323 2462 Consolidated met income Other comprehensive incones, met af income taxes Cash dividends declared ($1.96 per scheine) Purdiece of Company stock (107) Cash dividend dedared to moncontrolling interest Other Balancesas of January 31, 2016 3162 $317 $1,805 (6,185) (950) (6,185) (980) 6,185) (980) (1,491) 5 100 129 | | (17) 113 (731) (618) 7.16 14694 81,394 14,694 386 15,080 (4429) (409) (541) (4970) (6,794) 11 1. 67949) (425) NE 4148 1 I II (691) (6) (691) (1,1945) $82,611 $90,021 $11,597) $801546 $_065 Straying . Consolidated Statements of Cash Flows Pardess Graced banuary 31, 2016 2015 2014 $15.080 $ 17,099 (285) 16,814 $ 16,695 (144) 16,551 15080 Almus in codice 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 Inventories Accounts payable Accrued liabilities Accrued income taxes Net cash provided by operating activities 94454 (672) 1410 9,173 (503) 785 8,870 (279) 938 (19) (708) 2008 1,308 (569) (1,229) 2,678 1,249 166 (566) (1,667) 531 103 (1,224 23,257 28,564 (13,115) 727 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 (11427) Gions 2446 79 (12,174) 570 671 (192) (138) (10,6/5) (11,125) (12,526) 1,225 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 (4ABC) (6_294) (4112) 7119) (1,3%) 513) 6,288) 5,174 (3,904) (6,185) (1,015 (600) (1,844) 911 7,072 (4,968) (6,139) (6,683) (426) (296) (260) (409) (16.12) (15,071) (10,789) 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 (1,0022) (ABC) 9,135 (514) 1,854 7,281 $ 9,135 (442) (500) 7,781 $ 7,281 Supplemental disclosure of cash flow information: Income taxes paid Interest paid 8,641 8111 2540 8,169 2,433 2,362 SATRing Rules