Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Walmart Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Walmart Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).
The financial information reveals fluctuating cash flows over the observed period. Operating activities generally provide a net cash inflow, though with significant variability. Investing activities consistently represent a net cash outflow, primarily driven by payments for property and equipment. Financing activities demonstrate substantial fluctuations, alternating between net cash inflows and outflows, heavily influenced by debt issuance, repayments, stock repurchases, and dividend payments.
- Operating Activities
- Net cash provided by operating activities generally increased from approximately US$7.0 billion in April 2020 to a peak of US$13.2 billion in January 2021. A substantial decline was then observed, reaching a low of US$3.1 billion in October 2021, before recovering to US$13.6 billion in July 2025. The largest single contributor to these cash flows is consistently consolidated net income, though adjustments for depreciation, deferred taxes, and changes in working capital significantly impact the final figure. Notably, changes in receivables and inventories exhibit considerable volatility, often offsetting portions of net income.
- Investing Activities
- Investing activities consistently utilized cash, primarily due to investments in property and equipment. Outflows ranged from approximately US$1.7 billion to US$8.0 billion per period. While proceeds from the disposal of property and equipment and strategic investments provided some offsetting inflows, these were insufficient to reverse the overall negative cash flow. A significant increase in other investing activities is observed in April 2021, followed by substantial outflows in subsequent periods.
- Financing Activities
- Financing activities displayed the most significant fluctuations. Periods of net cash inflow, such as in April 2020 (US$565 million) and October 2021 (US$3.1 billion), were largely attributable to net change in short-term borrowings and proceeds from the issuance of long-term debt. Conversely, substantial outflows occurred in periods like July 2020 (-US$8.4 billion) and January 2026 (-US$6.5 billion), driven by repayments of long-term debt, dividend payments, and share repurchases. Share repurchase activity consistently represents a significant cash outflow.
- Key Trends & Observations
- Consolidated net income demonstrates considerable variability, ranging from a loss of US$2.0 billion in January 2021 to a peak of US$8.1 billion in July 2023. Depreciation and amortization remained relatively stable throughout the period. Investment gains and losses are volatile, with significant losses recorded in several quarters. The impact of deferred income taxes fluctuates considerably, shifting between inflows and outflows. Inventory levels show substantial swings, with a large decrease in October 2020 and a significant increase in January 2023. Accounts payable and accrued liabilities also exhibit considerable variation, potentially reflecting changes in supplier payment terms and expense accruals. The effect of exchange rates on cash is relatively minor compared to the other cash flow components.
Overall, the company demonstrates a capacity to generate cash from operations, but this is frequently offset by substantial investments in property and equipment and significant financing activities related to debt management, shareholder returns, and capital structure adjustments. The substantial fluctuations in financing activities suggest a dynamic approach to capital allocation and funding strategies.