Stock Performance
Calculations:
Book value per common share: book value ofequity / common shares outstanding = Step by st for2015 =
Earnings per share (Basic) according to Income Statementis $5.07
Earnings per share (Diluted) according to IncomeStatement is $5.05
P/E Ratio: adjusted closing price / earningsper share (diluted) = Step by step for 2015=
Dividend yield: dividend per share / adjustedclosing price = Step by step for 2015=
Dividend payout: dividend per share / earningsper share (diluted) = Step by step for 2015=
Adjusted basic EPS: adjusted net income /Weighted average shares outstanding: basic
Adjusted diluted EPS: adjusted net income /Weighted average shares outstanding: diluted
Adjusted P/E ratio: adjusted closing price /adjusted diluted EPS
Adjusted dividend payout: Dividends per share /adjusted diluted EPS
Fiscal Year Ended
2/1/2015
2/2/2014
2/3/2013
1/29/2012
Book value per common share
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Earnings per share (basic)
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Earnings per share (diluted)
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P/E Ratio
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Dividend yield
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Dividend payout
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Adjusted Basic EPS
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Adjusted Diluted EPS
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Adjusted P/E Ratio
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Adjusted dividend payout
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Book value of equity
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Common shares outstanding
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Adjusted closing price
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Dividends per share
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Information:
WAL MART STORESINC 10-K Statement of CashFlows (Amounts in millions) Fiscal Year Ended January 31, 2015 2014 2013 2012 Cash flows from operating activities: Consolidated net income $17,099 $16,695 $17,756 $16,387 (Income) Loss from discontinuedoperations, net of tax (285) (144) (52) 21 Income from continuing operations 16,814 16,551 17,704 16,408 Adjustments to reconcileincome from continuing operations to net cash provided by operatingactivities Depreciation and amortization 9,173 8,870 8,478 8,106 Deferred income taxes (503) (279) (133) 1,050 Other operating activities 785 938 602 468 Changes in certain assets and liabilities,net of effects of acquisitions: Increase in accounts receivable (569) (566) (614) (796) Increase in inventories (1,229) (1,667) (2,759) (3,727) Increase in accounts payable 2,678 531 1,061 2,687 Increase in accrued liabilities 1,249 103 271 30 (Decrease) Increase in accrued incometaxes 166 (1,224) 981 29 Net cash provided by operatingactivities 28,564 23,257 25,591 24,255 Cash flows from investing activities: Payments for property and equipment (12,174) (13,115) (12,898) (13,510) Proceeds from disposal of property andequipment 570 727 532 580 Proceeds from disposal of certainoperations 671 0 0 0 Other investing activities (192) (138) (271) (3,679) Net cash used in investingactivities (11,125) (12,526) (12,637) (16,609) Cash flows from financing activities: Net change in short-term borrowings (6,288) 911 2,754 3,019 Proceeds from issuance of long-termdebt 5,174 7,072 211 5,050 Payment of long-term debt (3,904) (4,968) (1,478) (4,584) Dividends paid (6,185) (6,139) (5,361) (5,048) Purchase of Company stock (1,015) (6,683) (7,600) (6,298) Dividends paid to noncontrollinginterest (600) (426) (282) (526) Purchase of noncontrolling interest (1,844) (296) (132) 0 Other financing activities (409) (260) (58) (71) Net cash used in financingactivities (15,071) (10,789) (11,946) (8,458) Effect of exchange rates on cash (514) (442) 223 (33) Net (decrease) increase in cash and cashequivalents 1,854 (500) 1,231 (845) Cash and cash equivalents at beginning ofyear 7,281 7,781 6,550 7,395 Cash and cash equivalents at endof year $9,135 $7,281 $7,781 $6,550 Supplemental disclosure of cash flowinformation Income tax paid 8,169 8,641 7,304 5,889 Interest paid 2,433 2,362 2,262 2,346
WAL MART STORESINC 10-K Balance Sheet (Amounts in millions except per sharedata) January 31, 2015 2014 2013 2012 ASSETS Current assets: Cash and cash equivalents $9,135 $7,281 $7,781 $6,550 Receivables 6,778 6,677 6,768 5,937 Inventories 45,141 44,858 43,803 40,714 Prepaid expenses and other 2,224 1,909 1,551 1,685 Current assets of discontinuedoperations 0 460 37 89 Total current assets $63,278 $61,185 $59,940 $54,975 Property and equipment, at cost 177,395 173,089 165,825 155,002 Less accumulated depreciation (63,115) (57,725) (51,896) (45,399) Property and equipment, net 114,280 115,364 113,929 109,603 Property under capital lease 5,239 5,589 5,899 5,936 Less accumulated amortization (2,864) (3,046) (3,147) (3,215) Property under capital lease, net 2,375 2,543 2,752 2,721 Goodwill 18,102 19,510 20,497 20,651 Other assets and deferred charges 5,671 6,149 5,987 5,456 Total assets $203,706 $204,751 $203,105 $193,406 LIABILITIES ANDSHAREHOLDERS EQUITY Current liabilities: Short-term borrowings $1,592 $7,670 $6,805 $4,047 Accounts payable 38,410 37,415 38,080 36,608 Accrued liabilities 19,152 18,793 18,808 18,154 Accrued income taxes 1,021 966 2,211 1,164 Long-term debt due within one year 4,810 4,103 5,587 1,975 Obligations under capital leases duewithin one year 287 309 327 326 Current liabilities of discontinuedoperations 0 89 0 26 Total currentliabilities 65,272 69,345 71,818 62,300 Long-term debt 41,086 41,771 38,394 44,070 Long-term obligations under capitalleases 2,606 2,788 3,023 3,009 Deferred income taxes and other 8,805 8,017 7,613 7,862 Redeemable non-controlling interest 0 1,491 519 404 Commitments and contingencies 0 0 0 0 Shareholders equity: Common stock 323 323 332 342 Capital in excess of par value 2,462 2,362 3,620 3,692 Retained earnings 85,777 76,566 72,978 68,691 Accumulated other comprehensive income(loss) (7,168) (2,996) (587) (1,410) Total Walmart shareholders' equity 81,394 76,255 76,343 71,315 Noncontrolling interest 4,543 5,084 5,395 4,446 Total equity 85,937 81,339 81,738 75,761 Total liabilities and shareholdersequity $203,706 $204,751 $203,105 $193,406
WAL MART STORESINC 10-K Income Statement (Amounts in millions except per sharedata) Fiscal Year Ended January 31, 2015 2014 2013 2012 Revenues: Net sales $482,229 $473,076 ####### $443,416 Membership and other income 3,422 3,218 3,047 3,093 485,651 476,294 468,651 446,509 Costs and expenses: Cost of sales 365,086 358,069 352,297 334,993 Operating, selling, general andadministrative expenses 93,418 91,353 88,629 85,025 Operating income 27,147 26,872 27,725 26,491 Interest: Debt 2,161 2,072 1,977 2,034 Capital leases 300 263 272 286 Interest expense 2,461 2,335 2,249 2,320 Interest income (113) (119) (186) (161) Interest, net 2,348 2,216 2,063 2,159 Income from continuing operations beforeincome taxes 24,799 24,656 25,662 24,332 Provision for income taxes: Current 8,504 8,619 7,976 6,722 Deferred (519) (514) (18) 1,202 Total provision for income taxes 7,985 8,105 7,958 7,924 Income from continuing operations 16,814 16,551 17,704 16,408 Income (Loss) from discontinuedoperations, net of tax 285 144 52 (21) Consolidated net income 17,099 16,695 17,756 16,387 Consolidated net income attributable tononcontrolling interest (736) (673) (757) (688) Consolidated net incomeattributable to Walmart $16,363 $16,022 $16,999 $15,699 Net income per common share: Basic income per common share fromcontinuing operations to Walmart $5.01 $4.87 $5.03 $4.55 Basic income (loss) per common share fromdiscontinued operations $0.06 $0.03 $0.01 ($0.01) Basic net income per common shareattributable to Walmart $5.07 $4.90 $5.04 $4.54 Diluted income per common share fromcontinuing operations to Walmart $4.99 $4.85 $5.01 $4.53 Diluted income (loss) per common sharefrom discontinued operations $0.06 $0.03 $0.01 ($0.01) Diluted net income per common share $5.05 $4.88 $5.02 $4.52 Weighted-average number of commonshares: Basic 3,230 3,269 3,374 3,460 Diluted 3,243 3,283 3,389 3,474 Dividends declared per common share $1.92 $1.88 $1.59 $1.46
Fiscal Year Ended
1/31/2015
1/31/2014
1/31/2013
1/31/2012
Adjusted Closing Price
$83.94
$71.97
$65.79
$56.32
Common Shares Outstanding (millions)
3,228
3,233
3,314
3,418
Stock Performance
Calculations:
Book value per common share: book value ofequity / common shares outstanding = Step by st for2015 =
Earnings per share (Basic) according to Income Statementis $5.07
Earnings per share (Diluted) according to IncomeStatement is $5.05
P/E Ratio: adjusted closing price / earningsper share (diluted) = Step by step for 2015=
Dividend yield: dividend per share / adjustedclosing price = Step by step for 2015=
Dividend payout: dividend per share / earningsper share (diluted) = Step by step for 2015=
Adjusted basic EPS: adjusted net income /Weighted average shares outstanding: basic
Adjusted diluted EPS: adjusted net income /Weighted average shares outstanding: diluted
Adjusted P/E ratio: adjusted closing price /adjusted diluted EPS
Adjusted dividend payout: Dividends per share /adjusted diluted EPS
Fiscal Year Ended | 2/1/2015 | 2/2/2014 | 2/3/2013 | 1/29/2012 |
Book value per common share | ? | ? | ? | ? |
Earnings per share (basic) | ? | ? | ? | ? |
Earnings per share (diluted) | ? | ? | ? | ? |
P/E Ratio | ? | ? | ? | ? |
Dividend yield | ? | ? | ? | ? |
Dividend payout | ? | ? | ? | ? |
Adjusted Basic EPS | ? | ? | ? | ? |
Adjusted Diluted EPS | ? | ? | ? | ? |
Adjusted P/E Ratio | ? | ? | ? | ? |
Adjusted dividend payout | ? | ? | ? | ? |
Book value of equity | ? | ? | ? | ? |
Common shares outstanding | ? | ? | ? | ? |
Adjusted closing price | ? | ? | ? | ? |
Dividends per share | ? | ? | ? | ? |
Information:
WAL MART STORESINC | ||||
10-K | ||||
Statement of CashFlows | ||||
(Amounts in millions) | ||||
Fiscal Year Ended January 31, | 2015 | 2014 | 2013 | 2012 |
Cash flows from operating activities: | ||||
Consolidated net income | $17,099 | $16,695 | $17,756 | $16,387 |
(Income) Loss from discontinuedoperations, net of tax | (285) | (144) | (52) | 21 |
Income from continuing operations | 16,814 | 16,551 | 17,704 | 16,408 |
Adjustments to reconcileincome from continuing operations to net cash provided by operatingactivities | ||||
Depreciation and amortization | 9,173 | 8,870 | 8,478 | 8,106 |
Deferred income taxes | (503) | (279) | (133) | 1,050 |
Other operating activities | 785 | 938 | 602 | 468 |
Changes in certain assets and liabilities,net of effects of acquisitions: | ||||
Increase in accounts receivable | (569) | (566) | (614) | (796) |
Increase in inventories | (1,229) | (1,667) | (2,759) | (3,727) |
Increase in accounts payable | 2,678 | 531 | 1,061 | 2,687 |
Increase in accrued liabilities | 1,249 | 103 | 271 | 30 |
(Decrease) Increase in accrued incometaxes | 166 | (1,224) | 981 | 29 |
Net cash provided by operatingactivities | 28,564 | 23,257 | 25,591 | 24,255 |
Cash flows from investing activities: | ||||
Payments for property and equipment | (12,174) | (13,115) | (12,898) | (13,510) |
Proceeds from disposal of property andequipment | 570 | 727 | 532 | 580 |
Proceeds from disposal of certainoperations | 671 | 0 | 0 | 0 |
Other investing activities | (192) | (138) | (271) | (3,679) |
Net cash used in investingactivities | (11,125) | (12,526) | (12,637) | (16,609) |
Cash flows from financing activities: | ||||
Net change in short-term borrowings | (6,288) | 911 | 2,754 | 3,019 |
Proceeds from issuance of long-termdebt | 5,174 | 7,072 | 211 | 5,050 |
Payment of long-term debt | (3,904) | (4,968) | (1,478) | (4,584) |
Dividends paid | (6,185) | (6,139) | (5,361) | (5,048) |
Purchase of Company stock | (1,015) | (6,683) | (7,600) | (6,298) |
Dividends paid to noncontrollinginterest | (600) | (426) | (282) | (526) |
Purchase of noncontrolling interest | (1,844) | (296) | (132) | 0 |
Other financing activities | (409) | (260) | (58) | (71) |
Net cash used in financingactivities | (15,071) | (10,789) | (11,946) | (8,458) |
Effect of exchange rates on cash | (514) | (442) | 223 | (33) |
Net (decrease) increase in cash and cashequivalents | 1,854 | (500) | 1,231 | (845) |
Cash and cash equivalents at beginning ofyear | 7,281 | 7,781 | 6,550 | 7,395 |
Cash and cash equivalents at endof year | $9,135 | $7,281 | $7,781 | $6,550 |
Supplemental disclosure of cash flowinformation | ||||
Income tax paid | 8,169 | 8,641 | 7,304 | 5,889 |
Interest paid | 2,433 | 2,362 | 2,262 | 2,346 |
WAL MART STORESINC | ||||
10-K | ||||
Balance Sheet | ||||
(Amounts in millions except per sharedata) | ||||
January 31, | 2015 | 2014 | 2013 | 2012 |
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | $9,135 | $7,281 | $7,781 | $6,550 |
Receivables | 6,778 | 6,677 | 6,768 | 5,937 |
Inventories | 45,141 | 44,858 | 43,803 | 40,714 |
Prepaid expenses and other | 2,224 | 1,909 | 1,551 | 1,685 |
Current assets of discontinuedoperations | 0 | 460 | 37 | 89 |
Total current assets | $63,278 | $61,185 | $59,940 | $54,975 |
Property and equipment, at cost | 177,395 | 173,089 | 165,825 | 155,002 |
Less accumulated depreciation | (63,115) | (57,725) | (51,896) | (45,399) |
Property and equipment, net | 114,280 | 115,364 | 113,929 | 109,603 |
Property under capital lease | 5,239 | 5,589 | 5,899 | 5,936 |
Less accumulated amortization | (2,864) | (3,046) | (3,147) | (3,215) |
Property under capital lease, net | 2,375 | 2,543 | 2,752 | 2,721 |
Goodwill | 18,102 | 19,510 | 20,497 | 20,651 |
Other assets and deferred charges | 5,671 | 6,149 | 5,987 | 5,456 |
Total assets | $203,706 | $204,751 | $203,105 | $193,406 |
LIABILITIES ANDSHAREHOLDERS EQUITY | ||||
Current liabilities: | ||||
Short-term borrowings | $1,592 | $7,670 | $6,805 | $4,047 |
Accounts payable | 38,410 | 37,415 | 38,080 | 36,608 |
Accrued liabilities | 19,152 | 18,793 | 18,808 | 18,154 |
Accrued income taxes | 1,021 | 966 | 2,211 | 1,164 |
Long-term debt due within one year | 4,810 | 4,103 | 5,587 | 1,975 |
Obligations under capital leases duewithin one year | 287 | 309 | 327 | 326 |
Current liabilities of discontinuedoperations | 0 | 89 | 0 | 26 |
Total currentliabilities | 65,272 | 69,345 | 71,818 | 62,300 |
Long-term debt | 41,086 | 41,771 | 38,394 | 44,070 |
Long-term obligations under capitalleases | 2,606 | 2,788 | 3,023 | 3,009 |
Deferred income taxes and other | 8,805 | 8,017 | 7,613 | 7,862 |
Redeemable non-controlling interest | 0 | 1,491 | 519 | 404 |
Commitments and contingencies | 0 | 0 | 0 | 0 |
Shareholders equity: | ||||
Common stock | 323 | 323 | 332 | 342 |
Capital in excess of par value | 2,462 | 2,362 | 3,620 | 3,692 |
Retained earnings | 85,777 | 76,566 | 72,978 | 68,691 |
Accumulated other comprehensive income(loss) | (7,168) | (2,996) | (587) | (1,410) |
Total Walmart shareholders' equity | 81,394 | 76,255 | 76,343 | 71,315 |
Noncontrolling interest | 4,543 | 5,084 | 5,395 | 4,446 |
Total equity | 85,937 | 81,339 | 81,738 | 75,761 |
Total liabilities and shareholdersequity | $203,706 | $204,751 | $203,105 | $193,406 |
WAL MART STORESINC | ||||
10-K | ||||
Income Statement | ||||
(Amounts in millions except per sharedata) | ||||
Fiscal Year Ended January 31, | 2015 | 2014 | 2013 | 2012 |
Revenues: | ||||
Net sales | $482,229 | $473,076 | ####### | $443,416 |
Membership and other income | 3,422 | 3,218 | 3,047 | 3,093 |
485,651 | 476,294 | 468,651 | 446,509 | |
Costs and expenses: | ||||
Cost of sales | 365,086 | 358,069 | 352,297 | 334,993 |
Operating, selling, general andadministrative expenses | 93,418 | 91,353 | 88,629 | 85,025 |
Operating income | 27,147 | 26,872 | 27,725 | 26,491 |
Interest: | ||||
Debt | 2,161 | 2,072 | 1,977 | 2,034 |
Capital leases | 300 | 263 | 272 | 286 |
Interest expense | 2,461 | 2,335 | 2,249 | 2,320 |
Interest income | (113) | (119) | (186) | (161) |
Interest, net | 2,348 | 2,216 | 2,063 | 2,159 |
Income from continuing operations beforeincome taxes | 24,799 | 24,656 | 25,662 | 24,332 |
Provision for income taxes: | ||||
Current | 8,504 | 8,619 | 7,976 | 6,722 |
Deferred | (519) | (514) | (18) | 1,202 |
Total provision for income taxes | 7,985 | 8,105 | 7,958 | 7,924 |
Income from continuing operations | 16,814 | 16,551 | 17,704 | 16,408 |
Income (Loss) from discontinuedoperations, net of tax | 285 | 144 | 52 | (21) |
Consolidated net income | 17,099 | 16,695 | 17,756 | 16,387 |
Consolidated net income attributable tononcontrolling interest | (736) | (673) | (757) | (688) |
Consolidated net incomeattributable to Walmart | $16,363 | $16,022 | $16,999 | $15,699 |
Net income per common share: | ||||
Basic income per common share fromcontinuing operations to Walmart | $5.01 | $4.87 | $5.03 | $4.55 |
Basic income (loss) per common share fromdiscontinued operations | $0.06 | $0.03 | $0.01 | ($0.01) |
Basic net income per common shareattributable to Walmart | $5.07 | $4.90 | $5.04 | $4.54 |
Diluted income per common share fromcontinuing operations to Walmart | $4.99 | $4.85 | $5.01 | $4.53 |
Diluted income (loss) per common sharefrom discontinued operations | $0.06 | $0.03 | $0.01 | ($0.01) |
Diluted net income per common share | $5.05 | $4.88 | $5.02 | $4.52 |
Weighted-average number of commonshares: | ||||
Basic | 3,230 | 3,269 | 3,374 | 3,460 |
Diluted | 3,243 | 3,283 | 3,389 | 3,474 |
Dividends declared per common share | $1.92 | $1.88 | $1.59 | $1.46 |
Fiscal Year Ended | 1/31/2015 | 1/31/2014 | 1/31/2013 | 1/31/2012 |
Adjusted Closing Price | $83.94 | $71.97 | $65.79 | $56.32 |
Common Shares Outstanding (millions) | 3,228 | 3,233 | 3,314 | 3,418 |