Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walmart Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Net sales 642,637 605,881 567,762 555,233 519,926 510,329
Cost of sales (490,142) (463,721) (429,000) (420,315) (394,605) (385,301)
Gross profit 152,495 142,160 138,762 134,918 125,321 125,028
Membership and other income 5,488 5,408 4,992 3,918 4,038 4,076
Operating, selling, general and administrative expenses (130,971) (127,140) (117,812) (116,288) (108,791) (107,147)
Operating income 27,012 20,428 25,942 22,548 20,568 21,957
Interest expense, debt and finance lease (2,683) (2,128) (1,994) (2,315) (2,599) (2,346)
Interest income 546 254 158 121 189 217
Interest, net (2,137) (1,874) (1,836) (2,194) (2,410) (2,129)
Loss on extinguishment of debt (2,410)
Other gains and (losses) (3,027) (1,538) (3,000) 210 1,958 (8,368)
Income before income taxes 21,848 17,016 18,696 20,564 20,116 11,460
Provision for income taxes (5,578) (5,724) (4,756) (6,858) (4,915) (4,281)
Consolidated net income 16,270 11,292 13,940 13,706 15,201 7,179
Consolidated net (income) loss attributable to noncontrolling interest (759) 388 (267) (196) (320) (509)
Consolidated net income attributable to Walmart 15,511 11,680 13,673 13,510 14,881 6,670

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Walmart Inc. net sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Walmart Inc. operating income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Walmart Inc. income before income taxes decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Consolidated net income attributable to Walmart The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Walmart Inc. consolidated net income attributable to Walmart decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.