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Wal-Mart Stores Inc. (WMT) | Income Statement

The income statement presents information on the financial results of a company's 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.

Wal-Mart Stores Inc., Consolidated Income Statement

USD $ in millions

12 months ended	Jan 31, 2013	Jan 31, 2012	Jan 31, 2011	Jan 31, 2010	Jan 31, 2009	Jan 31, 2008
Net sales	466,114	443,854	418,952	405,046	401,244	374,526
Cost of sales	(352,488)	(335,127)	(315,287)	(304,657)	(306,158)	(286,515)
Gross profit	113,626	108,727	103,665	100,389	95,086	88,011
Membership and other income	3,048	3,096	2,897	3,168	4,363	4,273
Operating, selling, general and administrative expenses	(88,873)	(85,265)	(81,020)	(79,607)	(76,651)	(70,288)
Operating income	27,801	26,558	25,542	23,950	22,798	21,996
Interest (debt and capital leases)	(2,251)	(2,322)	(2,205)	(2,065)	(2,184)	(2,103)
Interest income	187	162	201	181	284	305
Interest, net	(2,064)	(2,160)	(2,004)	(1,884)	(1,900)	(1,798)
Income from continuing operations before income taxes	25,737	24,398	23,538	22,066	20,898	20,198
Provision for income taxes	(7,981)	(7,944)	(7,579)	(7,139)	(7,145)	(6,908)
Income from continuing operations	17,756	16,454	15,959	14,927	13,753	13,290
Income (loss) from discontinued operations, net of income taxes	–	(67)	1,034	(79)	146	(153)
Consolidated net income	17,756	16,387	16,993	14,848	13,899	13,137
Consolidated net income attributable to noncontrolling interest	(757)	(688)	(604)	(513)	(499)	(406)
Consolidated net income attributable to Walmart	16,999	15,699	16,389	14,335	13,400	12,731

Source: Wal-Mart Stores Inc., Annual Reports

Item	Description	The company
Net sales	Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.	Wal-Mart Stores Inc.'s net sales increased from 2011 to 2012 and from 2012 to 2013.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Wal-Mart Stores Inc.'s operating income increased from 2011 to 2012 and from 2012 to 2013.
Income from continuing operations before income taxes	Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.	Wal-Mart Stores Inc.'s income from continuing operations before income taxes increased from 2011 to 2012 and from 2012 to 2013.
Income from continuing operations	This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.	Wal-Mart Stores Inc.'s income from continuing operations increased from 2011 to 2012 and from 2012 to 2013.
Consolidated net income	The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.	Wal-Mart Stores Inc.'s consolidated net income declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.
Consolidated net income attributable to Walmart	The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.	Wal-Mart Stores Inc.'s consolidated net income attributable to Walmart declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.

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