Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6659954b7362d_9546659954ae18c5.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6659954c4fa55_9556659954bb84d0.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6659954d1ada1_9566659954c93b57.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6659954dcce42_9576659954d567d9.jpg)
Transcribed Image Text:
Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) Revenues: 2022 2021 2020 Net sales Membership and other income Total revenues $ 567,762 $ 555,233 $ 519,926 4,992 3,918 4,038 572,754 559,151 523,964 Costs and expenses: Cost of sales 429,000 420,315 394,605 Operating, selling, general and administrative expenses 117,812 116,288 108,791 Operating income 25,942 22,548 20,568 Interest: Debt 1,674 1,976 2,262 Finance lease 320 339 337 Interest income (158) (121) (189) Interest, net 1,836 2,194 2,410 Loss on extinguishment of debt 2,410 Other (gains) and losses 3,000 (210) (1,958) Income before income taxes 18,696 20,564 20,116 Provision for income taxes 4,756 6,858 4,915 Consolidated net income 13,940 13,706 15,201 Net income per common share: Basic net income per common share attributable to Walmart $ 4.90 4.77 $ 5.22 Diluted net income per common share attributable to Walmart 4.87 4.75 5.19 Weighted-average common shares outstanding: Basic Diluted 2,792 2,831 2,850 2,805 2,847 2,868 Dividends declared per common share $ 2.20 $ 2.16 $ 2.12 Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) Revenues: 2022 2021 2020 Net sales Membership and other income Total revenues $ 567,762 $ 555,233 $ 519,926 4,992 3,918 4,038 572,754 559,151 523,964 Costs and expenses: Cost of sales 429,000 420,315 394,605 Operating, selling, general and administrative expenses 117,812 116,288 108,791 Operating income 25,942 22,548 20,568 Interest: Debt 1,674 1,976 2,262 Finance lease 320 339 337 Interest income (158) (121) (189) Interest, net 1,836 2,194 2,410 Loss on extinguishment of debt 2,410 Other (gains) and losses 3,000 (210) (1,958) Income before income taxes 18,696 20,564 20,116 Provision for income taxes 4,756 6,858 4,915 Consolidated net income 13,940 13,706 15,201 Net income per common share: Basic net income per common share attributable to Walmart $ 4.90 4.77 $ 5.22 Diluted net income per common share attributable to Walmart 4.87 4.75 5.19 Weighted-average common shares outstanding: Basic Diluted 2,792 2,831 2,850 2,805 2,847 2,868 Dividends declared per common share $ 2.20 $ 2.16 $ 2.12
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Review the chapters opening feature highlighting Mike Becker and his company, FunKo. Assume that FunKo consistently maintains an inventory level of $500,000, meaning that its average and ending...
-
Baird County maintains an investment trust fund for the School District and the Town of Bairdville (separate governments). Presented below is the preclosing trial balance for the investment trust...
-
Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,491 per unit and then sells them to retai customers for an average price of $3,100 each. The company's...
-
Question 6 of 25 Cullumber Company sold the following two pieces of equipment in 2022: Equipment A Equipment B Cost $116,000 $63,000 Purchase date 7/1/18 1/1/19 Useful life 8 years 5 years Salvage...
-
In a geothermal power plant, the enthalpies of the ground water and the turbine inlet are 1500KJ/kg and 3500 KJ/kg respectively. If the enthalpy of the hot water in the flash tank is 700KJ/kg and the...
-
Do you think that because of the costs of moving banknotes back to their country of circulation, buying foreign currency banknotes could sometimes be cheaper than buying bank drafts? Could there be a...
-
In the Time apportionment base cost formula, where all expenditure was incurred before valuation date, variables P, B, N and T can be correctly described as: A. P= Proceeds, B= Expenditure after 1...
-
A very large industrial annealing furnace has a double wall constructed of 30cm of solid brickwork in contact with an outer cladding of 0.5cm of steel. Assume that the furnace has a total wall and...
-
A meeting has just been conducted on a project where the expectations, goals, and objectives of the project have been explained, including the milestones and timelines of the project. Project...
-
What change is Captain Swift attempting to manage? Is this change planned, or in response to an unanticipated event? Defend your position.
-
It has been said that all controls are action controls, they simply vary in the degree of specificity of the desired actions. Do you agree or disagree with this statement?
-
Microchip Manufacturers Ltd, have recently developed a microprocessor that will enable them to market a new computer chessplaying game. Development costs were in excess of f200 000, but the new...
-
The Argent Company, which makes and seIls a single product, is preparing a budget for the next three months. Because of possible seasonal fluctuations in sales, the company normally keeps finished...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App