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